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Transparency Market Research
Bio-Based Polyurethane Market-Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2013 - 2019
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REPORT DESCRIPTION
Polyurethanes are used in a wide range of industrial applications due to their chemical versatility, high performance and low cost. They find
use in building and construction, consumer products, furniture and fixtures, transportation and in industrial applications. Polyurethane is
traditionally a downstream derivative of crude oil, rendering it susceptible to the crude oil market fluctuations. Moreover in this age of the
consumers, and the global inclination towards green products and sustainable development, bio based alternative for crude oil is the need
of the day.
Polyurethane manufacturers are looking for alternatives so as to reduce carbon footprint, and at the same time positively impact the product
quality and economics of production. Thermoplastic polyurethane manufacturers in particular are more inclined towards adopting bio based
alternatives and increase the bio based content in their product by using polyester polyols made from natural and renewable raw materials.
The main demand for bio based polyurethane is derived from application segments such as automotive, footwear and apparel. Uses in
applications such as electronics, carpets, and furniture among others are also gaining momentum.
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