Bio-Based Polyurethane (PU) Market Analysis By Product (Rigid Foams, Flexible Foams, CASE), By End-Use (Furniture & Interiors, Construction, Automotive, Footwear) And Segment Forecasts To 2020

Published: Jan, 2015 | Pages: 80 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

Global bio-based polyurethane (PU) market is expected to reach USD 37.5 million 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. 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.

Further key findings from the study suggest:

Global bio-PU market was 1,634.0 tons in 2013 and is expected to exceed 2,546.6 tons by 2020, growing at an estimated CAGR of 6.5% 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. European Commission regulation for reducing vehicle weight in order to limit emissions is also expected to have a positive impact on the market growth.
Asia Pacific was the largest regional market and accounted for over 30% of total volume in 2013. Availability of natural oil in abundance particularly in South East Asia coupled with government support in the form of tax benefits and financial incentives in countries such as China and India is expected to drive the regional bio-based PU market. Asia Pacific is also expected to witness the highest growth rate over the next six years, at an estimated CAGR of 8.4% from 2014 to 2020.
Major synthetic polyurethane manufactures have shifted focus towards developing sustainable and environment friendly products. For this purpose, several market players have collaborated with biotechnology firms to synergize their expertise to manufacture bio-based polyurethane. For instance, Lubrizol acquired Merquinsa and integrated its bio TPU products to its portfolio in November 2011. Other major players operating in global bio-based PU market include BASF SE, Bayer MaterialScience, The Dow Chemical Company, Biobased Technologies and Mitsui Chemicals.
For the purpose of this study, Grand View Research has segmented the bio-PU market on the basis of product, end-use and region:

Global Bio-Based Polyurethane (PU) Product Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2020)
Rigid Foams
Flexible Foams
CASE
Others
Global Bio-Based Polyurethane (PU) End-Use Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2020)
Furniture & Interiors
Construction
Automotive
Footwear
Others
Global Bio-Based Polyurethane (PU) Regional Outlook (Volume, Tons, Revenue, USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
RoW

 Table of Contents
Chapter 1. Executive Summary
                1.1. Bio-Based Polyurethane (PU)- Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Bio-Based Polyurethane (PU) Industry Outlook
                2.1. Market Segmentation
                2.2. Market Size and Growth Prospects
                2.3. Bio-Based PU Value Chain Analysis
                2.4. Bio-Based PU Market Dynamics
                    2.4.1. Market driver analysis
                        2.4.1.1. Chemical manufacturers shifting focus from petroleum based feedstock to bio-based feedstock
                        2.4.1.2. Stringent government regulations on use of plastics
                    2.4.2. Market restraint analysis
                        2.4.2.1. Complex manufacturing process
                2.5. Key Opportunities Prioritized
                2.6. Bio-Based PU - Recent Market Developments by Company
                2.7. Industry Analysis - Porter's
                2.8. Bio-Based PU Market PESTEL Analysis, 2013
Chapter 3. Bio-Based Polyurethane (PU) Product Outlook
                3.1. Global Bio-Based PU Market Share by Product, 2013 & 2020 
                3.2. Rigid Foams
                    3.2.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    3.2.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
                3.3. Flexible Foams
                    3.3.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    3.3.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
                3.4. Coatings, Adhesives, Sealants and Elastomers (CASE)
                    3.4.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    3.4.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
                3.5. Others
                    3.5.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    3.5.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
Chapter 4. Bio-Based Polyurethane (PU) End-Use Outlook
                4.1. Global Bio-Based PU Market Share by End-Use, 2012-2020
                4.2. Furniture & Interiors
                    4.2.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    4.2.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
                4.3. Construction
                    4.3.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    4.3.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
                4.4. Automotive
                    4.4.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    4.4.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
                4.5. Footwear
                    4.5.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    4.5.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
                4.6. Others
                    4.6.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    4.6.2. Market estimates and forecast by region, 2012 - 2020 (Tons) (USD Million)
Chapter 5. Bio-Based Polyurethane (PU) Regional Outlook
                5.1. Global Bio-Based PU Market Share by Region, 2012-2020
                5.2. North America 
                    5.2.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    5.2.2. Market estimates and forecast by product, 2012 - 2020 (Tons) (USD Million)
                    5.2.3. Market estimates and forecast by end-use, 2012 - 2020 (Tons) (USD Million)
                5.3. Europe
                    5.3.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    5.3.2. Market estimates and forecast by product, 2012 - 2020 (Tons) (USD Million)
                    5.3.3. Market estimates and forecast by end-use, 2012 - 2020 (Tons) (USD Million)
                5.4. Asia Pacific
                    5.4.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    5.4.2. Market estimates and forecast by product, 2012 - 2020 (Tons) (USD Million)
                    5.4.3. Market estimates and forecast by end-use, 2012 - 2020 (Tons) (USD Million)
                5.5. RoW
                    5.5.1. Market estimates and forecast, 2012 - 2020, (Tons) (USD Million)
                    5.5.2. Market estimates and forecast by product, 2012 - 2020 (Tons) (USD Million)
                    5.5.3. Market estimates and forecast by end-use, 2012 - 2020 (Tons) (USD Million)
Chapter 6. Competitive Landscape
                6.1. BASF SE
                    6.1.1. Company Overview
                    6.1.2. Financial Performance
                    6.1.3. Product Benchmarking
                    6.1.4. Strategic Initiatives
                6.2. Lubrizol
                    6.2.1. Company Overview
                    6.2.2. Financial Performance
                    6.2.3. Product Benchmarking
                    6.2.4. Strategic Initiatives
                6.3. The Dow Chemical Company
                    6.3.1. Company Overview
                    6.3.2. Financial Performance
                    6.3.3. Product Benchmarking
                    6.3.4. Strategic Initiatives
                6.4. SNP Inc.
                    6.4.1. Company Overview
                    6.4.2. Financial Performance
                    6.4.3. Product Benchmarking
                    6.4.4. Strategic Initiatives
                6.5. Mitsui Chemicals
                    6.5.1. Company Overview
                    6.5.2. Financial Performance
                    6.5.3. Product Benchmarking
                    6.5.4. Strategic Initiatives
                6.6. Rampf Holding GmbH & Co. KG
                    6.6.1. Company Overview
                    6.6.2. Financial Performance
                    6.6.3. Product Benchmarking
                    6.6.4. Strategic Initiatives
                6.7. Johnson Controls Inc.
                    6.7.1. Company Overview
                    6.7.2. Financial Performance
                    6.7.3. Product Benchmarking
                    6.7.4. Strategic Initiatives
                6.8. Rhino Linings Corporation
                    6.8.1. Company Overview
                    6.8.2. Financial Performance
                    6.8.3. Product Benchmarking
                    6.8.4. Strategic Initiatives
                6.9. Bayer Material Science
                    6.9.1. Company Overview
                    6.9.2. Financial Performance
                    6.9.3. Product Benchmarking
                    6.9.4. Strategic Initiatives
                6.10. Woodbridge Foam Corporation
                    6.10.1. Company Overview
                    6.10.2. Financial Performance
                    6.10.3. Product Benchmarking
                    6.10.4. Strategic Initiatives
                6.11. Malama Composites
                    6.11.1. Company Overview
                    6.11.2. Financial Performance
                    6.11.3. Product Benchmarking
                    6.11.4. Strategic Initiatives
                6.12. TSE Industries
                    6.12.1. Company Overview
                    6.12.2. Financial Performance
                    6.12.3. Product Benchmarking
                    6.12.4. Strategic Initiatives


List of Tables


1. Bio-based PU - Industry Summary & Critical Success Factors (CSFs)
2. Global bio-based PU market estimates and forecast, 2012 - 2020 (Tons) (USD Million)
3. global bio-based PU market volumes estimates and forecast by region, 2012 - 2020 (Tons)
4. Global bio-based PU market revenue estimates and forecast by region, 2012 - 2020 (USD Million)
5. Global bio-based PU market volume estimates and forecast by product, 2012 - 2020 (Tons)
6. Global bio-based PU market revenue estimates and forecast by product, 2012 - 2020 (USD Million)
7. Global bio-based PU market volume estimates and forecast by end-use, 2012 - 2020 (Tons)
8. Global bio-based PU market revenue estimates and forecast by end-use, 2012 - 2020 (USD Million)
9. Bio-based PU - Key market driver analysis
10. Bio-based PU - Key market restraint analysis
11. Bio-based PU market estimates and forecast in rigid foams, 2012 - 2020 (Tons) (USD Million)
12. Bio-based PU market volume estimates and forecast in rigid foams by region, 2012 - 2020 (Tons)
13. Bio-based PU market revenue estimates and forecast in rigid foams by region, 2012 - 2020 (USD Million)
14. Bio-based PU market estimates and forecast in flexible foams, 2012 - 2020 (Tons) (USD Million)
15. Bio-based PU market volume estimates and forecast in flexible foams by region, 2012 - 2020 (Tons)
16. Bio-based PU market revenue estimates and forecast in flexible foams by region, 2012 - 2020 (USD Million)
17. Bio-based PU market estimates and forecast in CASE, 2012 - 2020 (Tons) (USD Million)
18. Bio-based PU market volume estimates and forecast in CASE by region, 2012 - 2020 (Tons)
19. Bio-based PU market revenue estimates and forecast in CASE by region, 2012 - 2020 (USD Million)
20. Bio-based PU market estimates and forecast in other products, 2012 - 2020 (Tons) (USD Million)
21. Bio-based PU market volume estimates and forecast in other products by region, 2012 - 2020 (Tons)
22. Bio-based PU market revenue estimates and forecast in other products by region, 2012 - 2020 (USD Million)
23. Bio-based PU market estimates and forecast in furniture & interiors industry, 2012 - 2020 (Tons) (USD Million)
24. Bio-based PU market volume estimates and forecast in furniture & interiors industry by region, 2012 - 2020 (Tons)
25. Bio-based PU market revenue estimates and forecast in furniture & interiors industry by region, 2012 - 2020 (USD Million)
26. Bio-based PU market estimates and forecast in construction industry, 2012 - 2020 (Tons) (USD Million)
27. Bio-based PU market volume estimates and forecast in construction industry by region, 2012 - 2020 (Tons)
28. Bio-based PU market revenue estimates and forecast in construction industry by region, 2012 - 2020 (USD Million)
29. Bio-based PU market volume estimates and forecast in automotive industry by region, 2012 - 2020 (Tons)
30. Bio-based PU market revenue estimates and forecast in automotive industry by region, 2012 - 2020 (USD Million)
31. Bio-based PU market estimates and forecast in footwear industry, 2012 - 2020 (Tons) (USD Million)
32. Bio-based PU market volume estimates and forecast in footwear industry by region, 2012 - 2020 (Tons)
33. Bio-based PU market revenue estimates and forecast in footwear industry by region, 2012 - 2020 (USD Million)
34. Bio-based PU market estimates and forecast in other end-uses, 2012 - 2020 (Tons) (USD Million)
35. Bio-based PU market volume estimates and forecast in other end-uses by region, 2012 - 2020 (Tons)
36. Bio-based PU market revenue estimates and forecast in other end-uses by region, 2012 - 2020 (USD Million)
37. North America bio-based PU market estimates and forecast, 2012 - 2020 (Tons) (USD Million)
38. North America bio-based PU market volume estimates and forecast by product, 2012-2020 (Tons)
39. North America bio-based PU market revenue estimates and forecast by product, 2012-2020 (USD Million)
40. North America bio-based PU market volume estimates and forecast by end-use, 2012-2020 (Tons)
41. North America bio-based PU market revenue estimates and forecast by end-use, 2012-2020 (USD Million)
42. Europe bio-based PU market estimates and forecast, 2012 - 2020 (Tons) (USD Million)
43. Europe bio-based PU market volume estimates and forecast by product, 2012-2020 (Tons)
44. Europe bio-based PU market revenue estimates and forecast by product, 2012-2020 (USD Million)
45. Europe bio-based PU market volume estimates and forecast by end-use, 2012-2020 (Tons)
46. Europe bio-based PU market revenue estimates and forecast by end-use, 2012-2020 (USD Million)
47. Asia Pacific bio-based PU market estimates and forecast, 2012 - 2020 (Tons) (USD Million)
48. Asia Pacific bio-based PU market volume estimates and forecast by product, 2012-2020 (Tons)
49. Asia Pacific bio-based PU market revenue estimates and forecast by product, 2012-2020 (USD Million)
50. Asia Pacific bio-based PU market volume estimates and forecast by end-use, 2012-2020 (Tons)
51. Asia Pacific bio-based PU market revenue estimates and forecast by end-use, 2012-2020 (USD Million)
52. RoW bio-based PU market estimates and forecast, 2012 - 2020 (Tons) (USD Million)
53. RoW bio-based PU market volume estimates and forecast by product, 2012-2020 (Tons)
54. RoW bio-based PU market revenue estimates and forecast by product, 2012-2020 (USD Million)
55. RoW bio-based PU market volume estimates and forecast by end-use, 2012-2020 (Tons)
56. RoW bio-based PU market revenue estimates and forecast by end-use, 2012-2020 (USD Million)


List of Figures

1. Bio-based PU market segmentation
2. Global bio-based PU market volume and revenue, 2012 - 2020
3. Global bio-based PU market volumes growth by region, 2012 - 2020
4. Global bio-based PU market volumes growth by product, 2012 - 2020
5. Global bio-based PU market volume growth by end-use, 2012-2020
6. Bio-based PU - Value Chain Analysis
7. Bio-based PU - Market Dynamics
8. Key Opportunities - Prioritized
9. Bio-based PU - Porter's Analysis
10. Bio-based PU - Company market share analysis, 2013
11. Bio-based PU - PESTEL Analysis
12. Global bio-based PU market volume share by product, 2013 & 2020
13. Global bio-based PU market volume share by end-use, 2013 & 2020
14. Global bio-based PU market volume share by region, 2013 & 2020

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