The global market for Bio-based Elastomers was estimated at US$625.8 Million in 2024 and is projected to reach US$1.4 Billion by 2030, growing at a CAGR of 14.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Bio-based Elastomers market.
Segments: Product Type (Bio-based Thermoplastic Elastomers, Bio-based Thermoset Elastomers); Application (Automotive Application, Footwear Application, Sports Application, Electrical and Electronics Application, Other Applications)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Bio-based Elastomers Market - Key Trends & Drivers Summarized
Why Are Bio-based Elastomers Gaining Traction Across Industries?
The increasing demand for sustainable and eco-friendly materials is driving the adoption of bio-based elastomers across multiple industries. Traditional elastomers, derived from petroleum-based sources, pose significant environmental concerns due to their non-biodegradable nature and carbon-intensive production process. In contrast, bio-based elastomers, sourced from renewable feedstocks such as plant oils, natural rubber, and bio-based polymers, offer a sustainable alternative with reduced carbon footprints. The automotive sector is one of the primary adopters, integrating bio-based elastomers in tires, seals, and gaskets to improve sustainability without compromising performance. Additionally, regulatory pressure from global environmental agencies, such as the European Union’s Green Deal and the U.S. Environmental Protection Agency (EPA), is encouraging industries to shift towards bio-based alternatives. The push for a circular economy and corporate sustainability commitments further reinforce the role of bio-based elastomers in the future of materials science.How Are Technological Innovations Driving the Bio-based Elastomers Market?
Technological advancements in material science are significantly enhancing the properties and applications of bio-based elastomers. Early bio-elastomer formulations faced limitations in durability and heat resistance, but continuous research and development efforts have led to the creation of high-performance alternatives. Innovations in polymer blending and nanotechnology have improved the mechanical strength, elasticity, and chemical resistance of bio-based elastomers, making them viable for high-stress applications. The emergence of bio-polyurethane, bio-EPDM, and bio-based thermoplastic elastomers (TPEs) has expanded their application scope beyond traditional uses, incorporating them into advanced sectors like aerospace, electronics, and medical devices. Additionally, advancements in biodegradable elastomers are paving the way for environmentally friendly disposal solutions, reducing long-term waste accumulation. As the industry continues to innovate, bio-based elastomers are expected to bridge the performance gap with synthetic counterparts, accelerating their market adoption across various sectors.What Market Trends Are Shaping the Growth of Bio-based Elastomers?
Several key trends are driving the rapid expansion of the bio-based elastomers market. The rise in electric vehicles (EVs) and the push for lightweight, high-performance materials have spurred interest in bio-based elastomers, as they offer superior energy efficiency and sustainability benefits. The footwear industry is also embracing bio-elastomers, leveraging their flexibility and durability in eco-conscious shoe production. Consumer preferences for green products are influencing companies to integrate bio-based elastomers into everyday items such as flexible packaging, sports equipment, and wearable electronics. Additionally, the Asia-Pacific region, particularly China, Japan, and India, is witnessing a surge in demand for bio-based materials, driven by rapid industrialization and stringent environmental regulations. The increasing collaboration between raw material suppliers, manufacturers, and research institutions is further accelerating innovation and commercialization of bio-based elastomers. As consumer awareness and regulatory frameworks evolve, the demand for sustainable elastomer solutions is expected to grow exponentially in the coming years.What Are the Key Drivers Fueling the Growth of the Bio-based Elastomers Market?
The growth in the bio-based elastomers market is driven by several factors, including advancements in sustainable polymer technology, rising regulatory support, and increasing industrial applications. The automotive industry’s shift toward green materials is a major catalyst, as manufacturers seek bio-based elastomers for vehicle interiors, under-the-hood components, and tire compositions. Additionally, the medical sector is adopting bio-based elastomers in biocompatible and disposable medical devices, benefiting from their non-toxic and biodegradable properties. The packaging industry is also contributing to market growth, with bio-based elastomers being used in sustainable, flexible packaging solutions. Furthermore, the fluctuating prices of petroleum-based raw materials and the growing investment in bio-refineries are pushing industries to explore renewable alternatives. As companies strive to reduce carbon emissions and enhance material efficiency, bio-based elastomers are expected to witness substantial adoption, solidifying their role in the global shift toward sustainable materials.Report Scope
The report analyzes the Bio-based Elastomers market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Product Type (Bio-based Thermoplastic Elastomers, Bio-based Thermoset Elastomers); Application (Automotive Application, Footwear Application, Sports Application, Electrical and Electronics Application, Other Applications)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Bio-based Thermoplastic Elastomers segment, which is expected to reach US$903.2 Million by 2030 with a CAGR of a 16.8%. The Bio-based Thermoset Elastomers segment is also set to grow at 11.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $164.5 Million in 2024, and China, forecasted to grow at an impressive 13.5% CAGR to reach $216.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Bio-based Elastomers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Bio-based Elastomers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Bio-based Elastomers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Arkema Group, Armstrong Industrial Corporation Limited, Asahi Kasei Chemicals Corporation, Avient Corporation, BASF SE and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 36 Featured):
- Arkema Group
- Armstrong Industrial Corporation Limited
- Asahi Kasei Chemicals Corporation
- Avient Corporation
- BASF SE
- Covestro AG
- Dow, Inc.
- FKuR Kunststoff GmbH
- HEXPOL TPE AB
- Huntsman International LLC
- KRAIBURG TPE GmbH & Co. KG
- Kuraray Co., Ltd. Elastomer Division
- NaturePlast SAS
- Trinseo Plc
- Wacker Chemie AG
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Arkema Group
- Armstrong Industrial Corporation Limited
- Asahi Kasei Chemicals Corporation
- Avient Corporation
- BASF SE
- Covestro AG
- Dow, Inc.
- FKuR Kunststoff GmbH
- HEXPOL TPE AB
- Huntsman International LLC
- KRAIBURG TPE GmbH & Co. KG
- Kuraray Co., Ltd. Elastomer Division
- NaturePlast SAS
- Trinseo Plc
- Wacker Chemie AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 625.8 Million |
| Forecasted Market Value ( USD | $ 1400 Million |
| Compound Annual Growth Rate | 14.5% |
| Regions Covered | Global |
