Global Bio-based Elastomers Market Size & Outlook
The bio-based elastomers industry worldwide is expected to reach a projected revenue of US$ 1,275.7 million by 2030. A compound annual growth rate of 13.7% is expected of the worldwide bio-based elastomers industry from 2022 to 2030.
Revenue, 2021 (US$M)
$401.3
Forecast, 2030 (US$M)
$1,275.7
CAGR, 2022 - 2030
13.7%
Report Coverage
Worldwide
Global bio-based elastomers market, 2019-2030 (US$M)
Related Markets
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Global bio-based elastomers market highlights
- The global bio-based elastomers market generated a revenue of USD 401.3 million in 2021 and is expected to reach USD 1,275.7 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 13.7% by 2030.
- In terms of segment, bio-based thermoplastic accounted for a revenue of USD 307.5 million in 2021.
- Bio-based Thermoplastic is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2021.
- Country-wise, Canada is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 401.3 million |
| Market revenue in 2030 | USD 1,275.7 million |
| Growth rate | 13.7% (CAGR from 2021 to 2030) |
| Largest segment | Bio-based thermoplastic |
| Fastest growing segment | Bio-based Thermoplastic |
| Historical data covered | 2019 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bio-based Thermoplastic, Bio-based Thermoset |
Other key industry trends
- In terms of revenue, the North America accounted for 37.7% of the global bio-based elastomers market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 97.8 million by 2030.
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Bio-based Elastomers Market Scope
Bio-based elastomers market segmentation & scope
Regions
North America
Europe
Asia Pacific
Countries
U.S.
Canada
Germany
Netherlands
France
Italy
UK
China
India
Japan
Bio-based Elastomers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global bio-based elastomers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio-based elastomers market will help companies and investors design strategic landscapes.
Bio-based thermoplastic was the largest segment with a revenue share of 76.63% in 2021. Horizon Databook has segmented the Global bio-based elastomers market based on bio-based thermoplastic, bio-based thermoset covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Bio-based Elastomers Product Outlook (Revenue, USD Million, 2019-2030)
- Bio-based Thermoplastic
- Bio-based Thermoset
- Global Bio-based Elastomers Application Outlook (Revenue, USD Million, 2019-2030)
- Footwear
- Automotive
- Sports
- Electrical & Electronics
- Others
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Our clientele includes a mix of bio-based elastomers market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global bio-based elastomers market , including forecasts for subscribers. This global databook contains high-level insights into Global bio-based elastomers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global bio-based elastomers market outlook size, by region, 2019-2030 (US$M)
Top 10 countries: Bio-based elastomers market size, 2021 (US$M)
Global bio-based elastomers market share, by product, 2021 & 2030 (%, US$M)
Bio-based Elastomers Market: Opportunity Assessment By Country
Global bio-based elastomers market, by region, 2021 (US$M)
Related regional statistics
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