South Africa Bio Based Polyurethane Market Size & Outlook
South Africa bio based polyurethane market, 2018-2030 (US$K)
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South Africa bio based polyurethane market highlights
- The South Africa bio based polyurethane market generated a revenue of USD 42.4 thousand in 2023 and is expected to reach USD 62.6 thousand by 2030.
- The South Africa market is expected to grow at a CAGR of 5.7% 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 42.4 thousand |
| Market revenue in 2030 | USD 62.6 thousand |
| Growth rate | 5.7% (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, South Africa accounted for 0.1% 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 Middle East & Africa, Saudi Arabia bio based polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 62.6 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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South Africa 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 51.18% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is one of the leading countries in terms of automotive production in the MEA. Expanding automotive industry has significantly contributed to its GDP. The regulations laid down by the Department of Trade and Industry have further boosted the production of automobiles.
Thus, the demand for bio-based polyurethane is on the rise. Chemicals are usually stored in containers that are safe such as in drums or rigid plastic bottles manufactured with numerous layers to eliminate the risk of spills and leaks.
Bio-based polyurethane containers are made using multilayer extrusion technology to ensure the chemical resistance of the inner layers, sufficient barrier properties, and printability of the outer layer. The growth of the packaging segment is expected to positively impact the demand for Bio-based polyurethane packaging in the aforementioned industry.
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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 country-level data and insights on the South Africa bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into South Africa bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa bio based polyurethane market size, by product, 2018-2030 (US$K)
South Africa Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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