Germany Bio Based Polyurethane Market Size & Outlook
Germany bio based polyurethane market, 2018-2030 (US$K)
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Germany bio based polyurethane market highlights
- The Germany bio based polyurethane market generated a revenue of USD 1,720.4 thousand in 2023 and is expected to reach USD 2,806.6 thousand by 2030.
- The Germany market is expected to grow at a CAGR of 7.2% 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.
Bio based polyurethane market data book summary
| Market revenue in 2023 | USD 1,720.4 thousand |
| Market revenue in 2030 | USD 2,806.6 thousand |
| Growth rate | 7.2% (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, Germany accounted for 4.6% 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 Europe, Germany bio based polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 1,830.2 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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Germany 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 49.73% in 2023. Horizon Databook has segmented the Germany 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.
Germany is one of the most prominent automotive markets in Europe. The country is a prominent producer of passenger cars among all member states of the European Union. These factors are expected to contribute to the growth of bio-based polyurethane market over the forecast period.
Building & construction sector is also expected to significantly contribute to the demand for bio-based polyurethane in coming years. Population growth in major cities, increased job security, and rise in immigrant influx are propelling the demand for residential housing in Germany.
In addition, ongoing transition to a sustainable energy system in the region is further fueling the demand for green buildings in Germany. Thus, the growing building & construction in the country is expected to create lucrative growth opportunities for bio-based polyurethane over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Germany bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany bio based polyurethane market size, by product, 2018-2030 (US$K)
Germany Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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