Global Bio-based Polyurethane Market Size Study, by Product (Rigid Foams, Flexible Foams), by Application (Foams, Coatings, Adhesives and Sealants, and Other Applications), by End-user Industry (Transportation, Footwear and Textile, Construction, Packaging, Furniture, and Bedding, Electronics, and Other End-user Industries), and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: G0CE6DD6D09EEN
Bizwit Research & Consulting LLP

Abstracts

The Global Bio-based Polyurethane Market, valued at approximately USD 36,419 thousand in 2023, is set to grow at an impressive CAGR of 8.99% over the forecast period of 2024-2032. Bio-based polyurethane has emerged as a game-changing material in the industrial sector, revolutionizing product design and functionality with its eco-friendly and versatile characteristics. Derived from renewable sources, bio-based polyurethane offers comparable performance to its petroleum-based counterparts while contributing to sustainability goals. This market is propelled by increased demand across diverse industries such as transportation, construction, packaging, and electronics.

Rising environmental consciousness and stringent regulatory frameworks are driving the adoption of bio-based polyurethane in industries transitioning toward green alternatives. Flexible foams, a significant segment in this market, dominate due to their wide applications in furniture, bedding, and automotive seating. Meanwhile, rigid foams are gaining traction in construction for insulation purposes, where durability and thermal efficiency are paramount. However, high initial costs of raw materials and limited production scalability pose challenges to widespread adoption.

Innovation remains a key driver in this market, as manufacturers focus on enhancing the performance and sustainability of bio-based polyurethane. Advancements in bio-polyol technology have streamlined production processes, enabling the creation of customized formulations for specific applications. Partnerships and collaborations between industry players are further facilitating the development of tailored solutions. Moreover, the use of bio-based polyurethane in lightweight materials is addressing the growing demand for energy-efficient and sustainable solutions across industries.

Regionally, North America leads the global bio-based polyurethane market, driven by robust adoption in the automotive and construction sectors. Europe follows, with its stringent environmental policies and increasing investments in renewable resources fostering market expansion. The Asia-Pacific region is poised for the fastest growth, fueled by rapid industrialization, infrastructure development, and increasing government initiatives promoting sustainable materials in countries such as China, India, and Japan.

Major market players included in this report are:

• BASF SE
• Dow Inc.
• Covestro AG
• Huntsman Corporation
• Mitsui Chemicals Inc.
• Recticel NV
• Bayer MaterialScience
• Carpenter Co.
• Sekisui Chemical Co., Ltd.
• The Lubrizol Corporation
• Wanhua Chemical Group Co., Ltd.
• Tosoh Corporation
• Woodbridge Foam Corporation
• Ube Industries Ltd.
• Evonik Industries AG

The detailed segments and sub-segments of the market are explained below:

By Product:

• Rigid Foams
• Flexible Foams

By Application:

• Foams
• Coatings
• Adhesives and Sealants
• Other Applications

By End-user Industry:

• Transportation
• Footwear and Textile
• Construction
• Packaging
• Furniture and Bedding
• Electronics
• Other End-user Industries

By Region:

North America:

• U.S.
• Canada

Europe:

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America:

• Brazil
• Mexico

Middle East & Africa:

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

________________________________________

Key Takeaways:

• Extensive forecasts and analysis for ten years segmented by product, application, end-user industry, and region.
• Insights into regional trends and macroeconomic factors influencing market dynamics.
• Examination of competitive strategies, key innovations, and growth opportunities.
• In-depth demand and supply-side analysis, delivering actionable recommendations for stakeholders.

Contents

CHAPTER 1. GLOBAL BIO-BASED POLYURETHANE MARKET EXECUTIVE SUMMARY

1.1. Global Bio-based Polyurethane Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product
  1.3.2. By Application
  1.3.3. By End-user Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL BIO-BASED POLYURETHANE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL BIO-BASED POLYURETHANE MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Environmental Consciousness
  3.1.2. Stringent Regulatory Frameworks
  3.1.3. Increasing Demand Across Diverse Industries
3.2. Market Challenges
  3.2.1. High Initial Costs of Raw Materials
  3.2.2. Limited Production Scalability
3.3. Market Opportunities
  3.3.1. Advancements in Bio-polyol Technology
  3.3.2. Strategic Partnerships and Collaborations
  3.3.3. Expansion into Emerging Markets

CHAPTER 4. GLOBAL BIO-BASED POLYURETHANE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL BIO-BASED POLYURETHANE MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

5.1. Segment Dashboard
5.2. Global Bio-based Polyurethane Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Thousand)
  5.2.1. Rigid Foams
  5.2.2. Flexible Foams

CHAPTER 6. GLOBAL BIO-BASED POLYURETHANE MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global Bio-based Polyurethane Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Thousand)
  6.2.1. Foams
  6.2.2. Coatings
  6.2.3. Adhesives and Sealants
  6.2.4. Other Applications

CHAPTER 7. GLOBAL BIO-BASED POLYURETHANE MARKET SIZE & FORECASTS BY END-USER INDUSTRY 2022-2032

7.1. Segment Dashboard
7.2. Global Bio-based Polyurethane Market: End-user Industry Revenue Trend Analysis, 2022 & 2032 (USD Thousand)
  7.2.1. Transportation
  7.2.2. Footwear and Textile
  7.2.3. Construction
  7.2.4. Packaging
  7.2.5. Furniture and Bedding
  7.2.6. Electronics
  7.2.7. Other End-user Industries

CHAPTER 8. GLOBAL BIO-BASED POLYURETHANE MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Bio-based Polyurethane Market
  8.1.1. U.S. Bio-based Polyurethane Market
    8.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
    8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  8.1.2. Canada Bio-based Polyurethane Market
    8.1.2.1. Product Breakdown Size & Forecasts, 2022-2032
    8.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
8.2. Europe Bio-based Polyurethane Market
  8.2.1. UK Bio-based Polyurethane Market
  8.2.2. Germany Bio-based Polyurethane Market
  8.2.3. France Bio-based Polyurethane Market
  8.2.4. Spain Bio-based Polyurethane Market
  8.2.5. Italy Bio-based Polyurethane Market
  8.2.6. Rest of Europe Bio-based Polyurethane Market
8.3. Asia-Pacific Bio-based Polyurethane Market
  8.3.1. China Bio-based Polyurethane Market
  8.3.2. India Bio-based Polyurethane Market
  8.3.3. Japan Bio-based Polyurethane Market
  8.3.4. Australia Bio-based Polyurethane Market
  8.3.5. South Korea Bio-based Polyurethane Market
  8.3.6. Rest of Asia-Pacific Bio-based Polyurethane Market
8.4. Latin America Bio-based Polyurethane Market
  8.4.1. Brazil Bio-based Polyurethane Market
  8.4.2. Mexico Bio-based Polyurethane Market
  8.4.3. Rest of Latin America Bio-based Polyurethane Market
8.5. Middle East & Africa Bio-based Polyurethane Market
  8.5.1. Saudi Arabia Bio-based Polyurethane Market
  8.5.2. South Africa Bio-based Polyurethane Market
  8.5.3. Rest of Middle East & Africa Bio-based Polyurethane Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. BASF SE
  9.1.2. Dow Inc.
  9.1.3. Covestro AG
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. BASF SE
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Dow Inc.
  9.3.3. Covestro AG
  9.3.4. Huntsman Corporation
  9.3.5. Mitsui Chemicals Inc.
  9.3.6. Recticel NV
  9.3.7. Bayer MaterialScience
  9.3.8. Carpenter Co.
  9.3.9. Sekisui Chemical Co., Ltd.
  9.3.10. The Lubrizol Corporation

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

12. LIST OF TABLES

• TABLE 1. Global Bio-based Polyurethane Market, Report Scope
• TABLE 2. Global Bio-based Polyurethane Market Estimates & Forecasts by Region 2022-2032 (USD Thousand)
• TABLE 3. Global Bio-based Polyurethane Market Estimates & Forecasts by Product 2022-2032 (USD Thousand)
• TABLE 4. Global Bio-based Polyurethane Market Estimates & Forecasts by Application 2022-2032 (USD Thousand)
• TABLE 5. Global Bio-based Polyurethane Market Estimates & Forecasts by End-user Industry 2022-2032 (USD Thousand)
• TABLE 6. Global Bio-based Polyurethane Market Estimates & Forecasts by Product 2022-2032 (USD Thousand)
• TABLE 7. Global Bio-based Polyurethane Market Estimates & Forecasts by Application 2022-2032 (USD Thousand)
• TABLE 8. Global Bio-based Polyurethane Market Estimates & Forecasts by End-user Industry 2022-2032 (USD Thousand)
• TABLE 9. Global Bio-based Polyurethane Market Estimates & Forecasts by Product 2022-2032 (USD Thousand)
• TABLE 10. Global Bio-based Polyurethane Market Estimates & Forecasts by Application 2022-2032 (USD Thousand)
• TABLE 11. Global Bio-based Polyurethane Market Estimates & Forecasts by End-user Industry 2022-2032 (USD Thousand)
• TABLE 12. Global Bio-based Polyurethane Market Estimates & Forecasts by Product 2022-2032 (USD Thousand)
• TABLE 13. Global Bio-based Polyurethane Market Estimates & Forecasts by Application 2022-2032 (USD Thousand)
• TABLE 14. Global Bio-based Polyurethane Market Estimates & Forecasts by End-user Industry 2022-2032 (USD Thousand)
• TABLE 15. U.S. Bio-based Polyurethane Market Estimates & Forecasts, 2022-2032 (USD Thousand)
• TABLE 16. U.S. Bio-based Polyurethane Market Estimates & Forecasts by Product 2022-2032 (USD Thousand)
• TABLE 17. U.S. Bio-based Polyurethane Market Estimates & Forecasts by Application 2022-2032 (USD Thousand)
• TABLE 18. Canada Bio-based Polyurethane Market Estimates & Forecasts, 2022-2032 (USD Thousand)
• TABLE 19. Canada Bio-based Polyurethane Market Estimates & Forecasts by Product 2022-2032 (USD Thousand)
• TABLE 20. Canada Bio-based Polyurethane Market Estimates & Forecasts by Application 2022-2032 (USD Thousand)
• …
This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.

12. LIST OF FIGURES

• FIG 1. Global Bio-based Polyurethane Market, Research Methodology
• FIG 2. Global Bio-based Polyurethane Market, Market Estimation Techniques
• FIG 3. Global Market Size Estimates & Forecast Methods
• FIG 4. Global Bio-based Polyurethane Market, Key Trends 2023
• FIG 5. Global Bio-based Polyurethane Market, Growth Prospects 2022-2032
• FIG 6. Global Bio-based Polyurethane Market, Porter’s 5 Force Model
• FIG 7. Global Bio-based Polyurethane Market, PESTEL Analysis
• FIG 8. Global Bio-based Polyurethane Market, Value Chain Analysis
• FIG 9. Global Bio-based Polyurethane Market by Segment, 2022 & 2032 (USD Thousand)
• FIG 10. Global Bio-based Polyurethane Market by Segment, 2022 & 2032 (USD Thousand)
• FIG 11. Global Bio-based Polyurethane Market by Segment, 2022 & 2032 (USD Thousand)
• FIG 12. Global Bio-based Polyurethane Market by Segment, 2022 & 2032 (USD Thousand)
• FIG 13. Global Bio-based Polyurethane Market by Segment, 2022 & 2032 (USD Thousand)
• FIG 14. Global Bio-based Polyurethane Market, Regional Snapshot 2022 & 2032
• FIG 15. North America Bio-based Polyurethane Market 2022 & 2032 (USD Thousand)
• FIG 16. Europe Bio-based Polyurethane Market 2022 & 2032 (USD Thousand)
• FIG 17. Asia-Pacific Bio-based Polyurethane Market 2022 & 2032 (USD Thousand)
• FIG 18. Latin America Bio-based Polyurethane Market 2022 & 2032 (USD Thousand)
• FIG 19. Middle East & Africa Bio-based Polyurethane Market 2022 & 2032 (USD Thousand)
• FIG 20. Global Bio-based Polyurethane Market, Company Market Share Analysis (2023)
• …
This list is not complete; the final report does contain more than 50 figures. The list may be updated in the final deliverable.