North America Bio Based Polyurethane Market Size & Outlook
North America bio based polyurethane market, 2018-2030 (US$K)
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North America bio based polyurethane market highlights
- The North America bio based polyurethane market generated a revenue of USD 11,652.0 thousand in 2023.
- The market is expected to grow at a CAGR of 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 11,652.0 thousand |
| Market revenue in 2030 | USD 19,973.1 thousand |
| Growth rate | 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, North America region accounted for 30.9% 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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North America 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 51.55% in 2023. Horizon Databook has segmented the North America 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.
North America holds a significant share in the global bio-based polyurethane market and is expected to grow at a substantial rate over the forecast period. The growth in the major end-use industries, such as building & construction and automotive, owing to its high sustainability and lightweight properties are anticipated to drive the market growth over the forecast period.
Construction industry in North America is expected to witness considerable growth owing to the high demand for non-residential construction projects including colleges, hospitals, and schools over the coming years.
Bio based polyurethane is utilized in building & construction industry in applications including wall panels, windows, skylights, curved glazing, roofing sheets, and others. Increasing construction activities in the region are expected to create demand for bio-based polyurethane 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 North America bio based polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into North America bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America bio based polyurethane market size, by country, 2018-2030 (US$K)
North America Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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