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Bio-Based Polyurethane Market Size Worth $96.1 Mn by 2027, Booming Worldwide due to High Demand in Coatings, Adhesives, Sealants and Elastomers | Reports and Data

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Bio-Based Polyurethane Market Size Worth $96.1 Mn by 2027, Booming Worldwide due to High Demand in Coatings, Adhesives, Sealants and Elastomers | Reports and Data

March 05
13:47 2021
Bio-Based Polyurethane Market Size Worth $96.1 Mn by 2027, Booming Worldwide due to High Demand in Coatings, Adhesives, Sealants and Elastomers | Reports and Data

Bio-Based Polyurethane Market
The growing demand of the Bio PU in the construction sector, along with the increased application in CASE will boost the market growth.

Market Size – USD 46.6 Million in 2019, Market Growth – CAGR of 9.5%, Market Trends – High demand in CASE (Coatings, Adhesives, Sealants & Elastomers)

The global Bio-Based Polyurethane Market is forecast to reach USD 96.1 Million by 2027, according to a new report by Reports and Data. Developing inclination for bioplastics under ecological concerns is required to drive worldwide bio-PU showcase throughout the following years. The growing interest in economical items from development, car, and footwear ventures is likewise expected to impact showcase development. Complex assembling procedures and significant expense contrasted with its engineered partner are required to stay a key test for bio-PU advertise members.

Adaptable foams were the most significant product section and represented 49% of total market volume in 2019. Expanding requests from car and furniture ventures combined with the buyer’s move towards the reception of bio-based items is relied upon to drive this section. The adaptable foam is likewise expected to observe the most elevated development rate throughout the following six years.

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Key findings in the report:

  • Construction was the most significant end-use industry for the bio-PU showcase and represented 35% of total volume in 2019. Expanding development of green structures combined with developing customer inclination towards eco-accommodating development materials, for example, splash foams and coatings, cements, sealants, and elastomers (CASE) is relied upon to drive the market.
  • Car applications are required to command bio-PU advertise, with requests evaluated to develop at a CAGR of 7% from 2014 to 2020. Expanding adaptable froth requests from major car OEMs, particularly in the U.S., for vehicle seats, headrests, and dashboards, are relied upon to drive the market. European Commission guideline for decreasing vehicle weight to constrain discharges is additionally expected to affect the market development positively.
  • The Asia Pacific region was the biggest provincial market and represented over 30% of total volume in 2013. Accessibility of regular oil in abundance, especially in South East Asia combined with government support as tax breaks and money related impetuses in nations, for example, China and India, are relied upon to drive the local bio-based PU showcase. Asia Pacific is likewise expected to observe the most noteworthy development rate throughout the following six years, at an anticipated CAGR of 8.4% from 2014 to 2020.
  • Significant engineered polyurethane fabricates moved concentration towards creating maintainable and condition well-disposed items. For this reason, a few market players have teamed up with biotechnology firms to synergize their mastery to fabricate bio-based polyurethane.
  • Lubrizol procured Merquinsa and coordinated its profile TPU items to its portfolio in November 2011. Other significant players working in worldwide bio-based PU showcase incorporate BASF SE, Bayer Material Science, The Dow Chemical Company, Biobased Technologies and Mitsui Chemicals

 

Bio-Based Polyurethane Market By Raw Material, By Application (Rigid Foams, Flexible Foams, CASE, Others), And By End Use (Furniture & Interiors, Construction, Automotive, Footwear, Others), Forecasts To 2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/bio-based-polyurethane-market

For the purpose of this report, Reports and Data have segmented into the global Bio PU market on the basis of raw material, application, end-use, and region:

Raw Material Outlook (Revenue, USD Million; Volume, Tons; 2017-2027)

  • Vegetable Oils
  • Cashew nut shell liquid (CNSL)
  • Tarpene
  • Eucalyptus tar
  • Others

Application Outlook (Revenue, USD Million; Volume, Tons; 2017-2027)

  • Rigid Foams
  • Flexible Foams
  • CASE
  • Others

End-Use Outlook (Revenue, USD Million; Volume, Tons; 2017-2027)

  • Furniture & Interiors
  • Construction
  • Automotive
  • Footwear
  • Others


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Regional Outlook (Revenue in USD Billion; 2017–2027)

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Egypt
    • Rest of MEA

 

Table Of Content

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

    3.1. Macroeconomics Indicators

Chapter 4. Bio-Based Polyurethane Market Segmentation & Impact Analysis

    4.1. Bio-Based Polyurethane Market Material Segmentation Analysis

    4.2. Industrial Outlook

    4.2.1. Market indicators analysis

    4.2.2. Market drivers analysis

    4.2.2.1. Chemical manufacturers shifting focus to bio-based feedstock

    4.2.2.2. Stringent government regulations on use of plastics

    4.2.3. Market restraints analysis

    4.2.3.1. Complexity in manufacturing process

    4.3. Technological Insights

    4.4. Regulatory Framework

Continue …

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