U.S. Bio Based Polyurethane Market Size & Outlook
U.S. bio based polyurethane market, 2018-2030 (US$K)
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U.S. bio based polyurethane market highlights
- The U.S. bio based polyurethane market generated a revenue of USD 9,740.9 thousand in 2023 and is expected to reach USD 16,793.4 thousand by 2030.
- The U.S. market is expected to grow at a CAGR of 8.1% 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 9,740.9 thousand |
| Market revenue in 2030 | USD 16,793.4 thousand |
| Growth rate | 8.1% (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, U.S. accounted for 25.8% 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 North America, U.S. bio based polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,793.4 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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U.S. 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 52.05% in 2023. Horizon Databook has segmented the U.S. 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.
The U.S. dominated the North American bio-based polyurethane market in 2022 and is anticipated to maintain its dominance over the forecast period. The rising product demand from the automotive, building & construction, and packaging sectors in the U.S. is expected to drive the market over the forecast period.
The U.S. automotive industry has been witnessing growth in automobile production in the past few years. Major players in the market are entering into joint ventures and forming alliances to increase their production and reach in the country. Capacity expansion in the countries by major players is expected to positively impact the demand for bio-based polyurethane demand in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into U.S. bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. bio based polyurethane market size, by product, 2018-2030 (US$K)
U.S. Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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