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Bio-based Polyurethane Market: Competitive Dynamics & Global Outlook 2023
Bio based polyurethane refers to product use renewable biological materials, including crops, trees, other plants and their residues as raw materials, polyurethane products produced through biochemical, physical and other methods.
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Global Bio-based Polyurethane Market: Forecast by Type / Application / Region
The main production areas are in USA and Europe while the main consumption is in North America, Asia. The production was increasing from 2011 to 2016, at the end of 2016, it expect that the production of bio-based polyurethane over 2000 MT.
The price of Bio-based polyurethane is also decline in the past five years because of the market impact. Compared to the traditional PU, the price of this product is too high. The global grow margin is at about 18%, and after 2014, the grow margin decreased in a certain extent.
There are a few manufactures of the Bio-based polyurethane in the world, the largest company occupy about 16% market share, mainly in the United States and Europe. BASF, Lubrizol, Dow Chemical stands for the industry's development.
Over the next five years, LPI(LP Information) projects that Bio-based Polyurethane will register a 6.9% CAGR in terms of revenue, reach US$ 33 million by 2023, from US$ 22 million in 2017.
Global Bio-based Polyurethane Market: Key Players
BASF
Lubrizol
Dow Chemical
SNP
Mitsui Chemicals
Rampf Holding
Johnson Controls
Rhino Linings
Bayer Material
Woodbridge Foam
Malama Composites
TSE Industries
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Related Information:
United States Bio-based Polyurethane Market Research Report 2018
Europe Bio-based Polyurethane Market Research Report 2018
North America Bio-based Polyurethane Market Research Report 2018
Asia-Pacific Bio-based Polyurethane Market Research Report 2018
China Bio-based Polyurethane Market Research Report 2018
EMEA Bio-based Polyurethane Market Research Report 2018
Global Bio-based Polyurethane Market Research Report 2018
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