China Bio Based Polyurethane Market Size & Outlook
China bio based polyurethane market, 2018-2030 (US$K)
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China bio based polyurethane market highlights
- The China bio based polyurethane market generated a revenue of USD 7,643.9 thousand in 2023 and is expected to reach USD 13,332.8 thousand by 2030.
- The China market is expected to grow at a CAGR of 8.3% 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 7,643.9 thousand |
| Market revenue in 2030 | USD 13,332.8 thousand |
| Growth rate | 8.3% (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, China accounted for 20.2% 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 Asia Pacific, China bio based polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,666.3 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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China 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 49.99% in 2023. Horizon Databook has segmented the China 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.
China has the fastest-growing aviation market in Asia-Pacific, witnessing a year-on-year growth of 15%. The demand for bio-based polyurethane foams in aerospace applications arises from its use in interior trims to reduce vehicle weight and effectively improve fuel economy. This, in turn, is expected to boost the growth of the product in the region.
The automotive and aerospace industries are also witnessing high growth owing to consumer interest in travel & tourism as a result of increased disposable income and rising passenger car sales in recent years. Prefabricated buildings are likely to be a major trend in China, with high demand for aesthetically pleasing and sustainable materials such as rain-screen panels.
Although the Chinese construction market is currently slowing down due to poor economic performance witnessed in 2021, the market remains a lucrative to invest in compared to other Western economies. The agricultural segment is also a significant application of polycarbonate in the Chinese market, owing to the exponential increase in fruit and vegetables, tobacco, and other product demand.
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Target buyers of China 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 country-level data and insights on the China bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into China bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China bio based polyurethane market size, by product, 2018-2030 (US$K)
China Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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