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Latest Trends in the Bio-Based Polyurethane Market by 2020

Growing preference for bio plastics on account of environmental concerns, is expected to drive global bio-PU market over the next six years. The Global Bio Polyurethane (PU) Market is expected to reach USD 37.5 million by 2020, according to a new study by Grand View Research, Inc.

Growing demand for sustainable products from construction, automotive and footwear industries is also expected to have a positive influence on market growth. Complex manufacturing process and high cost compared to its synthetic counterpart is expected to remain a key challenge for bio-PU market participants.

Flexible foam was the largest product segment and accounted for 49% of total market volume in 2013. Increasing demand from automotive and furniture industries coupled with consumer shift towards adoption of bio-based products is expected to drive this segment. Flexible foam is also expected to witness the highest growth rate over the next six years. The segment is expected to grow at an estimated CAGR of 6.7% from 2014 to 2020.

Construction was the largest end-use industry for bio-PU market and accounted for 35% of total volume in 2013. Increasing construction of green buildings coupled with growing consumer preference towards eco-friendly construction materials such as spray foams and coatings, adhesives, sealants & elastomers (CASE) is expected to drive the market.

Automotive applications are expected to dominate bio-PU market, with demand estimated to grow at a CAGR of 7% from 2014 to 2020. Increasing flexible foam demand from major automotive OEMs, especially in the U.S., for car seats, headrests and dashboard is expected to drive the market.

To Know More About Bio-Based Polyurethane Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/bio-based-polyurethane-industry 

European Commission regulation for reducing vehicle weight in order to limit emissions is also expected to have a positive impact on the market growth.

Top Players of Bio-Based Polyurethane (PU) Market:

Major Players operating in global bio-based PU market include BASF SE, Bayer MaterialScience, The Dow Chemical Company, Biobased Technologies and Mitsui Chemicals.

Market Segmentation of Bio-Based Polyurethane (PU) Market:

The Global Bio Polyurethane (PU) Market segmented on the basis of Product, End-Use And Region.

By Product:

Rigid Foams
Flexible Foams
CASE

By End-Use:

Furniture & Interiors
Construction
Automotive
Footwear

By Region:

North America
Europe
Asia Pacific
RoW

Inquire about Bio-Based Polyurethane Market with Our Experts @ https://www.grandviewresearch.com/inquiry/103/ibb 
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