Italy Bio Based Polyurethane Market Size & Outlook
Italy bio based polyurethane market, 2018-2030 (US$K)
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Italy bio based polyurethane market highlights
- The Italy bio based polyurethane market generated a revenue of USD 814.6 thousand in 2023 and is expected to reach USD 1,376.9 thousand by 2030.
- The Italy 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.
Bio based polyurethane market data book summary
| Market revenue in 2023 | USD 814.6 thousand |
| Market revenue in 2030 | USD 1,376.9 thousand |
| Growth rate | 7.8% (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, Italy accounted for 2.2% 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 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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Italy 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 49.91% in 2023. Horizon Databook has segmented the Italy 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.
Growing manufacturing sector coupled with rising focus of government toward infrastructure development is driving building & construction industry in Italy. This is anticipated to create lucrative opportunities for bio-based polyurethane market.
In addition, rising product demand from automotive, and consumer goods end-use industries are anticipated to fuel the demand for bio-based polyurethane over the forecast period. Italian construction industry is expected to grow on account of favorable government policies for foreign direct investment (FDI) in manufacturing sector.
Furthermore, government initiatives for investment in energy and residential & commercial construction projects are expected to fuel the demand 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 Italy bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Italy bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy bio based polyurethane market size, by product, 2018-2030 (US$K)
Italy Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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