Recent Survey: Global Bio-based Polyurethane Market is Poised to grow at a CAGR of 6.75% during 2016-2020

Albany, NY, May 08, 2017: Adipic acid, a petroleum-based compound, and few other di-acids are the commonly used conventional raw materials for manufacturing polyurethanes. However, natural oil polyols or bio-polyols derived from vegetable oils can also be used for manufacturing polyurethanes. These products are called bio-based polyurethanes.

The most common sources of natural oil polyols include soy oil, castor oil, peanut oil and canola oil. Castor oil is primarily used for producing natural oil polyol due to the availability of ready hydroxyl group unlike other oils that require the introduction of hydroxyl group by other procedures. Polyols derived from Natural oils have comparable origins and applications but the materials produced are different depending on their manufacturing process. Apart from adipic acid, bio-based succinic acid and 1,4 butanediol can be combined with the required isocyanates to produce polyurethanes with up to 70% bio content.

The global bio-based polyurethane market to grow at a CAGR of 6.75% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global bio-based polyurethane market for 2016-2020. To calculate the market size, the report considers revenue generated from numerous applications of bio-based polyurethane in different end-user segments.

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Technavio's report, Global Bio-based Polyurethane Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BASF
- Cargill
- Covestro
- Dow Chemical

Other prominent vendors
- Hitachi Chemical company
- Mitsui Chemicals
- Myriant
- RAMPF Polymer Solutions
- Rhino Lining
- SNP

Market driver
- Growth prospects in emerging markets
- For a full, detailed list, view our report

Market challenge
- Elevated cost of production
- For a full, detailed list, view our report

Market trend
- Augmented investment in R&D
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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