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Bio-based Polyurethane Market Analysis | 2025-2030
Bio-based Polyurethane Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2025-2030
The bio-based polyurethane market was estimated at USD 40 million in 2024 and is likely to grow at a CAGR of 9.0% during 2025-2030 to reach USD 67.4 million in 2030.
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Bio-based thermosets constitute a significant class of renewable thermosets. They are primarily produced by reacting natural oil polyols with diisocyanates, and their bio-based content ranges between 10% and 100%. The automotive, railroad, and aerospace industries are just a few of the transportation sectors where bio-based polyurethane is widely used.
In the automotive industry, bio-based PU foams, varnishes, adhesives, and sealants are also used. Seating systems (headrests, headliners, armrests, seat cushioning, and other interior components, in particular) and interior components using bio-based PU foams. The main mid-term market drivers are rising demand from the developing world's construction sector and increasing demand from electrical product manufacturers.
Bio-based polyurethane, a sizeable market, witnessed a colossal decline (-15%+ in 2020) amid the pandemic. The pandemic had a significant impact on almost all end-use industries, particularly the construction industry. However, industrial growth in The Middle East and Africa is expected to present an opportunity, with demand for bio-based polyurethane expected to rise due to increased demand in the transportation sector.
The bio-based polyurethane market is segmented as foams, coatings, adhesives and sealants, and other applications. Foam is expected to remain the largest and fastest-growing application type in the market during the forecast period. Bio-based polyurethane foam is lightweight, flexible, supportive, and comfortable. The material is used as cushioning in a variety of consumer and business products, including carpet underlay, vehicle interiors, furniture, packaging, mattresses, chairs, and specialty items. This material's popularity stems from the fact that it can be extremely stiff, soft, or even viscoelastic.
The market is segmented as transportation, footwear and textile, construction, packaging, furniture and bedding, electronics, and other end-user industries. Transportation is expected to remain the dominant as well as the fastest-growing end-user industry type in the market during the forecast period. The automotive, railway, and aerospace industries are just a few of the transport sectors where bio-based polyurethane is used extensively.
In terms of regions, Asia-Pacific is expected to remain the largest market for bio-based polyurethane during the forecast period. With the high availability of synthetic diisocyanates and a significant amount of bio-based polyurethane in the region, Asia-Pacific is the world's largest producer of bio-based polyurethane. China is experiencing a massive boom in the development of bio-based polyurethane. The country's construction industry is the largest in the world and the region.
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The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the bio-based polyurethane market:
Note: The above list does not necessarily include all the top players in the market.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s bio-based polyurethane market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as in the formulation of the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Application Type
By End-User Industry Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
The bio-based polyurethane market is likely to grow at a CAGR of 9.0% during 2025-2030.
The bio-based polyurethane market was estimated at USD 40 million in 2024.
The forecasted value of the bio-based polyurethane market is expected to reach USD 67.4 million in 2030.
Asia-Pacific is estimated to remain dominant in the market in the foreseeable future. The key economies driving the region’s demand for bio-based polyurethane are China, India, and Japan.
Asia-Pacific is estimated to remain the fastest-growing market for bio-based polyurethane in the foreseen future. Asia-Pacific is the world's largest producer of bio-based polyurethane. China is experiencing a massive boom in development of the product. China has the world's and the region's largest construction market.
Foam is expected to remain the largest and fastest-growing application type in the market during the forecast period. This material's popularity stems from the fact that it can be extremely stiff, soft, or even viscoelastic.
Arkema SA, BASF SE, Covestro AG, Huntsman International LLC, Miracll Chemicals Co. Ltd, Mitsui Chemicals Inc., Stahl Holdings BV, Toray Industries Inc., Teijin Limited, The Lubrizol Corporation, and Woodbridge are the leading players in the market.
The growth of the bio-based polyurethane market is driven by rising demand from the developing construction industry and growing demand from electrical product manufacturers.
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