Europe Bio Based Polyurethane Market Size & Outlook
Europe bio based polyurethane market, 2018-2030 (US$K)
Related Markets
Europe bio based polyurethane market highlights
- The Europe bio based polyurethane market generated a revenue of USD 10,077.0 thousand in 2023.
- The market is expected to grow at a CAGR of 7.8% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 10,077.0 thousand |
| Market revenue in 2030 | USD 17,040.5 thousand |
| Growth rate | 7.8% (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, Europe region accounted for 26.7% 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 |
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Europe 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 49.89% in 2023. Horizon Databook has segmented the Europe 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.
The European bio-based polyurethane market is primarily driven by the rising demand for lightweight materials in automotive and building & construction industries. Growing construction sector coupled with favorable measures such as tax breaks, incentives, and subsidies undertaken by several governments is expected to boost the growth of construction sector in the region.
In addition, increasing demand from green buildings owing to its excellent environmental advantages that can provide high indoor environmental quality, maximize energy efficiency, and enhance durability is anticipated to fuel the growth of building & construction, thereby creating demand for bio-based polyurethane in coming years.
Government support toward green building construction in various countries including the UK, Germany, the Netherlands, Poland, Hungary, Sweden, and Ireland is expected to propel product demand over the forecast period.
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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 continent-level data and insights on the Europe bio based polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into Europe bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe bio based polyurethane market size, by country, 2018-2030 (US$K)
Europe Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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