The global Bio-Based Polyurethane Market is forecasted to grow at a rate of 9.5% from USD 46.6 Million in 2019 to USD 96.1 Million in 2027. The market for Bio PU (bio-based polyurethane) is increasing due to the rising concern for a healthy lifestyle and the rising standard of living in the developing nations.
Expanding interest for natural agreeable polymers because of a solid move in pattern towards lessening reliance on regular polymers is required to stay a key driver for the bio-based polyurethane showcase. Expanding natural concerns combined with unstable costs related to traditional polyurethane has additionally incited the reception of bio-based PU in the worldwide market.
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Top Players in the Global Bio-Based Polyurethane Market:
The Dow Chemical Company, Mitsui Chemicals, Rampf Ecosystems, Johnson Controls Inc., Biobased Technologies, Rhino Linings, and Hitachi Chemical Company.
Right government strategies for assembling bio-based items combined with rigid ecological guidelines for assembling petrochemicals and manufactured polymers are likewise expected to affect bio-based polyurethane advertise development positively. Monetarily bio-based polyurethane might be acquired by responding bio-based polyols with manufactured diisocyanates. Polyurethane thus acquired has bio content running from 30% to 70% contingent to a great extent upon the sort of bio-based feedstock utilized for assembling polyols.
The sudden impact of the COVID-19 pandemic will hinder the growth by halting production and disrupting the supply chain.
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Bio-Based Polyurethane Market Segmentation
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
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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