Canada Bio Based Polyurethane Market Size & Outlook
Canada bio based polyurethane market, 2018-2030 (US$K)
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Canada bio based polyurethane market highlights
- The Canada bio based polyurethane market generated a revenue of USD 858.7 thousand in 2023 and is expected to reach USD 1,422.1 thousand by 2030.
- The Canada market is expected to grow at a CAGR of 7.5% 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.
Bio based polyurethane market data book summary
| Market revenue in 2023 | USD 858.7 thousand |
| Market revenue in 2030 | USD 1,422.1 thousand |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.3% of the global bio based polyurethane market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. bio based polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,793.4 thousand by 2030.
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Bio Based Polyurethane Market Scope
Bio Based Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 48.99% in 2023. Horizon Databook has segmented the Canada 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.
Building & construction industry in Canada is characterized by lucrative growth opportunities. Availability of labor at low cost as compared to that in the U.S. and lucrative foreign investment policies in the country are attracting the attention of foreign players to set up their plants in Canada.
Moreover, the rise in demand for green technology and increase in number of construction projects are expected to fuel the growth of bio-based polyurethane in the country. The production of automobiles is expected to increase over the forecast period owing to the emergence of electric vehicles, technological advancements in battery technology.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Canada bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada bio based polyurethane market size, by product, 2018-2030 (US$K)
Canada Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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