Asia Pacific Bio Based Polyurethane Market Size & Outlook
Asia Pacific bio based polyurethane market, 2018-2030 (US$K)
Related Markets
Asia Pacific bio based polyurethane market highlights
- The Asia Pacific bio based polyurethane market generated a revenue of USD 14,466.3 thousand in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Flexible Foam is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 14,466.3 thousand |
| Market revenue in 2030 | USD 25,056.8 thousand |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants |
| Key market players worldwide | Basf SE, Covestro AG, Cargill, Huntsman Corp, RAMP Holdings, MCPU Polymer Engineering, WeylChem |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.3% of the global bio based polyurethane market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25,056.8 thousand by 2030.
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Bio Based Polyurethane Market Scope
Bio Based Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific bio based polyurethane 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 polyurethane market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 50.13% in 2023. Horizon Databook has segmented the Asia Pacific bio based polyurethane market based on rigid foam, flexible foam, coatings, adhesives & sealants covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific dominated the market in 2022 and is anticipated to maintain its dominance over the forecast period owing to rising demand from key industries such as automotive, consumer goods, electrical & electronics, packaging, and building & construction in emerging economies such as China and India. Asia Pacific region is characterized by a large amount of skilled labor at low cost along with easy availability of land.
Shift in the production landscape toward emerging economies, particularly China and India, are expected to positively influence market growth over the forecast period. The region is home to several rapidly expanding industries, such as construction, automotive, electronics, consumer goods, and others that offer lucrative growth opportunities to bio-based polyurethane manufacturers.
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Target buyers of Asia Pacific bio based polyurethane market databook
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Our clientele includes a mix of bio based polyurethane market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bio based polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bio based polyurethane market size, by country, 2018-2030 (US$K)
Asia Pacific Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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