The Bio Based Polyurethane Market Research Report provides Industry analysis and evaluation of the current & prospective Market Size, Share, Trend and Growth during the study period 2014–2021.
Bio-based polyurethanes are produced chemically by the reaction bio-based polyols with synthetic diisocyanates. The raw materials used in the bio-polyols are feedstock such as sunflower oil, rapeseed oil, castor oil, soybean oil etc. Bio-based polyurethane is used in the production of automotive, insulators, footwear, apparel etc.
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Bio-based polyurethanes are segmented according to products as rigid foams, flexible foams, CASE and others. Flexible foams dominate the market for bio-based polyurethanes as they are used in manufacturing of variety of products such as thermal insulators, sports equipment, shoe soles and automotive seating. Bio-based polyurethanes are classified according to end use as furniture & interiors, construction, automotive, footwear and others (packaging, insulating materials).
The construction sector dominates the market share of Bio-based polyurethanes due to growing spending in infrastructure and urbanization across the developing economies. Automotive sector is expected to grow during the forecast period. The key drivers for this market are increasing demand for eco-friendly polymers, increasing environmental regulations and volatile prices of conventional polyurethane. The favorable government policies for manufacturing bio-based products and stringent environmental regulations for manufacturing of synthetic polymers is expected to drive bio-based polyurethane market.
The shifting focus of end-use industries such as automotive, packaging and construction towards bio-based materials is expected to create opportunities for bio-based polyurethane market over the forecast period. The key constraints of Bio-based polyurethane market are complex technology and high manufacturing costs. Technological advancements and increasing capacity in emerging economies may help bio-based PU market to overcome the challenges in the near future.
Major player assessed in the report are :
- Biobased Technologies
- Dow Chemical Company
- Hitachi Chemical Company
- Johnson Controls Inc.
- Mitsui Chemicals
- Rampf Ecosystems
- Rhino Linings
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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SEGMENTATIONS IN REPORT :
1. Bio-Based Polyurethane By Product :
- Rigid Foams
- Flexible Foams
2. Bio-Based Polyurethane By End-Use :
- Furniture & Interiors
- Others (Packaging, Insulating Materials)
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