Japan Bio Based Polyurethane Market Size & Outlook
Japan bio based polyurethane market, 2018-2030 (US$K)
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Japan bio based polyurethane market highlights
- The Japan bio based polyurethane market generated a revenue of USD 913.6 thousand in 2023 and is expected to reach USD 1,666.3 thousand by 2030.
- The Japan market is expected to grow at a CAGR of 9% 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 913.6 thousand |
| Market revenue in 2030 | USD 1,666.3 thousand |
| Growth rate | 9% (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, Japan accounted for 2.4% 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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Japan 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 50.18% in 2023. Horizon Databook has segmented the Japan 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.
Japan has some of the large-scale globally renowned auto brands. Presence of several automakers such as The Toyota Motor Corporation, Mitsubishi Motors, The Honda Motor Company, Ltd. Nissan Motor Corporation, and others coupled with facility expansion of major automotive OEMs and aftermarkets is projected to fuel the growth of automotive industry in the country.
Thus, the growing automotive industry is expected to create demand for bio-based polyurethane over the forecast period. However, owing to slowdown in the Japanese economy in wake of the coronavirus outbreak, manufacturing industry is witnessing decline thereby hampering demand for bio-based polyurethane market growth in Japan.
In addition, government spending in reconstruction of properties destroyed by natural disasters such as tsunamis and earthquakes is anticipated to drive the construction industry in the country, which, in turn, is likely to generate a 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 Japan bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Japan bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan bio based polyurethane market size, by product, 2018-2030 (US$K)
Japan Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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