Bio-Based Polyurethane Market Globally Grow at a CAGR of 6.01% by 2023 | Global Key Vendors – Huntsman, BASF SE, DowDuPont, Covestro, Mitsui Chemicals, Lubrizol, TSE Industries

Marketprognosis.com Publish a New Market Research Report On “Global Bio-Based Polyurethane Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Bio-Based Polyurethane Market:

The Global Bio-Based Polyurethane Market is estimated to register a CAGR of 6.01%, during the forecast period (2018 - 2023).

Asia Pacific is anticipated to lead the market, accounting for the largest share of the global market, supported by the ongoing growth in the construction, and furniture industries. Construction industry was found to be the highest revenue contributing application segment.

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Petroleum-based polymers are extremely resistant to natural decomposition and they tend to damage the ecosystem. The lack of biodegradability, environmental concerns, and the depletion of oil, has promoted research to develop the bio-based polymers, such as bio-based polyurethane as an alternative to the petroleum- based polymers. The bio-based polyurethanes are environment-friendly and find applications in various industries, such as transportation, packaging, construction, textile, etc., where construction is the largest end-user application for bio-based polyurethane. The ability of these materials to replace petroleum-based polyurethanes is to drive the market through the forecast period.

One of the exceptional form of bio-based polyurethane is in rigid foam, which has exclusive insulating properties making it an attractive option for walls and roofs of new homes and remodeling of an existing home. The rising concerns over emission of greenhouse gases, rapid depletion of fossil fuel, and stringent regulations on monitoring of CO2 footprint are forcing construction industry to choose more green options. The physical properties of bio-based polyurethane are amazingly similar to the traditional polyurethane made from crude oil. The continuous investments and favorable government regulations are to drive the market for bio-based polyurethane in the dynamic construction markets of Asia Pacific and Middle East region.

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Asia Pacific is the largest producer of bio-based polyurethane with high abundance of synthetic di isocyanates and large number of bio-based polyurethane in the region. The region accounted for around 56% of global production of furniture followed by Europe (26%), the United States (14%) in the year 2015, reflecting the dynamic behavior of Asia’s economy, demographics and population growth. The emerging construction markets, such as India, Indonesia, the Philippines, and Vietnam are coming up with PPPs and construction projects. These countries are seeking to bring in international firms with relevant technical expertise in construction industry, which is to drive the market for bio-based polyurethane market in the region.

Major Key Players:

1 Huntsman

2 BASF SE

3 DowDuPont

4 Covestro

5 Mitsui Chemicals

6 Lubrizol

7 Biobased Technologies

8 TSE Industries

9 Rampf group inc.

10 Johnson Controls Inc and More………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Bio-Based Polyurethane Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.