Global Bio Polyurethane Market (2021-2026) by Product Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Bio Polyurethane Market is estimated to be USD 3.97 Bn in 2021 and is expected to reach USD 7.4 Bn by 2026, growing at a CAGR of 13.25%.

Market Dynamics

Growing worries related to the atmosphere and the harmful effect of petroleum-based substances on the ecosystem and human health have performed a vital role in boosting the need for bio-based polyurethane globally. Likewise, growing stress put on surveying the ability to consume natural resources to produce Non-isocyanate polyurethanes is anticipated to enhance the global bio-based polyurethane market during the predicted period.

The growing need for bio-based polyurethane to protect wooden constructions, furniture and to produce flooring tools is the key factor in boosting the global market's growth during the evaluation period. The significant increase in the number of infrastructure projects, and the booming building sector, especially in developing countries such as India, will surge the market at a remarkable rate during the evaluation period. However, the high price of bio-polyurethane compared to other bio-polymers is hindering the market size.

On the flip side of these reasons, the global market is on the path to watch stable development through the evaluation period. Scientific innovations combined with the growing use of new production techniques and processes will fuel the benefits of bio-based polyurethane in the forthcoming years.

Market Segmentation

The Global Bio Polyurethane Market is segmented further based on Product Type, Application, and Geography.

By Type, the market is classified as Coatings, Adhesives & Sealants, Elastomers, Flexible Foam, Rigid Foam, and Others. Amongst all, the Flexible Foam segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as Construction, Furniture & Interiors, Automotive, Electronics & Appliances, Packaging, Footwear, and Others. Amongst all, the Construction segment is estimated to hold the highest market share during the forecast period.

By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Stahl has launched renewable carbon-based polyurethane called NuVera, for the manufacturing of consumer products. - 19th April 2021

Company Profiles

Some of the companies covered in this report are BASF, Bayer, BioBased Technologies, British Vita Unlimited, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Bio Polyurethane Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market