Global Bio Based Polyurethane Market Overview:
Bio based polyurethane is the type of coating class of renewable or biodegradable thermosets, it can be prepared by reacting natural oil polyols (NOP) and diisocyanates. It is available in flexible semi-rigid and rigid polyurethane coatings, and it can replace synthetic polyols in several urethane products such as coatings, adhesives, elastomers, foams, sealants, and other products. The bio based polyurethane materials are used in various industries like transportation, textile, construction, packaging, furniture, electronics and others.
- Demand for the Biodegradable and Good Thermal Property Having BioBased Materials
- Growing Awareness about the Use of Bio Based Content in Products for Biocompatibility
- The popularity of Adoption of Flexible Bio Based Polyurethane in Products in Various Industry
- Risk Associated with the Adverse Environmental Impact of Using Bio Based Polyurethane
- Increasing Awareness about the Environmentally Friendly Solutions and its Performance
- Surging Demand for the Bio Based Polyurethane in Biomedical Application
- Issues with Low Thermal Resistance and High Flammability Properties of Bio Based Polyurethane
Some of the key players profiled in the report are Huntsman Corporation (United States), BASF SE (Germany), Dow Chemical Company (United States), Lanxess AG (Germany), Covestro AG (Germany), Mitsui Chemicals (Japan), Croda International plc (United Kingdom), RAMPF Group (United States), Lubrizol Corporation (United States), BioBased Technologies (Cargill) (United States), TSE Industries (United States) and Tosoh Corporation (Japan). Considering Market by Industry Vertical , the sub-segment i.e. Transportation will boost the Bio Based Polyurethane market. Considering Market by Material, the sub-segment i.e. Polyvinylidene Fluoride (PVDF) will boost the Bio Based Polyurethane market.
Latest Market Insights:
On 20th September 2020, Covestro has signed an agreement to acquire the Resins & Functional Materials business (RFM) from Royal DSM. By expanding its portfolio in the attractive growth market for sustainable coating resins, Covestro is taking a significant step in its long-term corporate strategy to strengthen its sustainable and innovation-driven businesses.
On 18th August 2020, LANXESS launches bio-based prepolymer line Adiprene Green. LANXESS has developed a new range of MDI polyether prepolymers containing renewable raw materials. Marketed under the brand name Adiprene Green, the products are suitable as a replacement for existing fossil-based polyether prepolymers and allow the PU processor to produce components with a reduced CO2 footprint.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bio Based Polyurethane market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Bio Based Polyurethane market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bio Based Polyurethane Manufacturers, Bio Based Polyurethane International Traders, Bio Based Polyurethane Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.