Bio-Based Elastopan Polyurethane Market Size is valued at 40.4 million in 2024 and is predicted to reach 76.8 million by the year 2034 at an 6.7% CAGR during the forecast period for 2025-2034.
The development of bio-based polymers like polyurethane has been fueled by growing worries about the hazardous effects of petrochemicals and declining crude oil sources (PU). During the forecast period, regulations established by most countries that limit the use of plastics derived from petroleum in specific applications, such as medical equipment, are anticipated to further encourage bio-based polyurethane manufacturing.
Major players focus on increasing their production capacity to increase their market share and meet the rising demand. The increase in partnerships and collaborations among major players that want to strengthen their position in the market is projected to support market expansion. The industry's growth projections are further backed by the ongoing commercial development projects, which include multinational offices, resort & spas, outdoor recreational areas, and shopping structures.urthermore, the desire for long-lasting and recyclable goods has increased due to technological developments and rising EV sales. Over the forecast period, an increase in EVs on the road is anticipated to fuel market expansion positively.
The bio-based elastomer polyurethane market is segmented based on type and industry. Based on type, the market is segmented as rigid foam, flexible foam, coatings, adhesives, & sealants. The market is segmented by industry: automotive, building & construction, consumer goods, electrical & electronics, and packaging.
The flexible foam category is expected to hold a major share of the global bio-based elastomer polyurethane market in 2021. Flexible foam composed of bio-based polyurethane is strong, light, supportive, and comfy, despite growing worries about its toxicity. Various business and consumer products employ polymer cushioning, including carpet underlay, vehicle upholstery, equipment, containers, bedding, chairs, and specialty items. The fact that this material can be extremely stiff, soft, or even viscoelastic accounts for its popularity. Flexible foam can be created in practically any form and stiffness level. It is specifically molded for usage in the automobile sector, primarily for car seats. Cushions for office equipment and leisure automobiles are two more common uses.
The packaging segment is projected to grow at a rapid rate in the global bio-based elastomer due to the manufacturer's shock-absorbing qualities, which make it perfect for storing and transporting products, including electrical equipment, consumer items, wineries, pharmaceutical and & healthcare products; it is frequently used in packing applications. Other characteristics of polyurethane, like moisture resistance and thermal insulation, aid in preserving the safety of perishable goods like seafood, vegetables, and fruits. These elements influence the packaging end-use segment's need for it., especially in countries such as the US, Germany, the UK, China, and India.
The North American bio-based elastomer polyurethane market is expected to register the highest market share in revenue soon. The area is home to a sizable number of producers of bio-based elastomers. Likewise, the region's growing need for electric automobile charging cables is anticipated to expand due to federal regulations that encourage it. This could have a favorable impact on the use of bio-based elastomers in cable jackets. In addition, the Asia Pacific region is projected to grow rapidly in the global bio-based elastomer polyurethane market. This is due to the rising demand for this material from the worldwide packaging, consumer goods, automotive, and construction industries. In addition, the expansion of business construction companies, such as professional commercial properties, hotels & resorts, outdoor recreation areas, and retail structures, enhance the industry's growth prospects.
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 38.43 million |
|
Revenue forecast in 2031 |
USD 63.91 million |
|
Growth rate CAGR |
CAGR of 6.75% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, Volume in Tons and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Type, End-user Industry |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia |
|
Competitive Landscape |
BASF SE, Mitsui Chemicals Inc., Covestro AG, Huntsman International LLC, Lubrizol Corporation, Woodbridge Foam Corporation, Rhino Linings Corporation, Malama Composites Inc., SK pucore, RAMPF Group, Cargill, Incorporated, Weylchem International GmbH |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Bio-Based Elastopan Polyurethane (PU) Market Snapshot
Chapter 4. Global Bio-Based Elastopan Polyurethane (PU) Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (Tons) & Volume (Kilotons) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Flexible foam
5.2.2. Rigid foam
5.2.3. Coatings, adhesives, & sealants
5.2.4. Others
Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis
6.1. by End-users & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (Tons) & Volume (Kilotons) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-users:
6.2.1. Automotive
6.2.2. Footwear
6.2.3. Consumer goods
6.2.4. Packaging
6.2.5. Building & construction
6.2.6. Others
Chapter 7. Bio-Based Elastopan Polyurethane (PU) Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by Product Type, 2021-2034
7.1.2. North America Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by End-users, 2021-2034
7.1.3. North America Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by Product Type, 2021-2034
7.2.2. Europe Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by End-users, 2021-2034
7.2.3. Europe Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by Product Type, 2021-2034
7.3.2. Asia Pacific Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by End-users, 2021-2034
7.3.3. Asia Pacific Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by Product Type, 2021-2034
7.4.2. Latin America Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by End-users, 2021-2034
7.4.3. Latin America Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by Product Type, 2021-2034
7.5.2. Middle East & Africa Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by End-users, 2021-2034
7.5.3. Middle East & Africa Bio-Based Elastopan Polyurethane (PU) Market Revenue (US$ Mn) & Volume (Tons) & Volume (Kilotons) Estimates and Forecasts by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. BASF SE
8.2.2. Cargill, Incorporated
8.2.3. Covestro AG
8.2.4. Huntsman International LLC
8.2.5. Lubrizol Corporation
8.2.6. Malama Composites Inc.
8.2.7. Mitsui Chemicals Inc.
8.2.8. RAMPF Group
8.2.9. Rhino Linings Corporation
8.2.10. SK pucore
8.2.11. Weylchem International GmbH
8.2.12. Woodbridge Foam Corporation
8.2.13. Other Prominent Players
Bio-Based Elastane Polyurethane Market By Type:
Bio-Based Elastane Polyurethane Market By Industry:
Bio-Based Elastane Polyurethane Market By Region:
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
