Research and Markets - Global Bio-based Polyurethane Market 2016-2020 - Segmentation By Product, Application & Geography - Key Vendors are BASF, Covestro & Dow Chemical

May 11, 2016, 06:10 ET from Research and Markets

DUBLIN, May 11, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Bio-based Polyurethane Market 2016-2020" report to their offering. 

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The report forecasts the global bio-based polyurethane market to grow at a CAGR of 6.75% during the period 2016-2020. 

Adipic acid, a petroleum-based compound, and few other di-acids are the commonly used conventional raw materials for manufacturing polyurethanes. However, natural oil polyols or bio-polyols derived from vegetable oils can also be used for manufacturing polyurethanes. These products are called bio-based polyurethanes.

The demand for bio-based polyurethane from various end-users such as the automotive industry is expected to increase during the forecast period. Therefore, vendors in the market are investing substantially in R&D to develop bio-based polyurethane. The major investment in R&D is directed toward improving the efficiency of bio-based polyurethanes. 

According to the report, the growth in packaging, automotive, footwear, furniture, and construction industries in emerging markets is expected to foster the market growth during the forecast period. 

Further, the report states that the cost of production of bio-based polyurethane is higher than that of conventional thermoplastic polyurethane. Most consumers in the market prefer cheaper alternatives. The extensive price difference between the counterparts poses a challenge to the market. Further, the technologies required to manufacture bio-based thermoplastic polyurethane are costlier and sophisticated.

Key vendors:

  • BASF
  • Cargill
  • Covestro
  • Dow Chemical

Key Topics Covered: 

PART 01: Executive summary 

PART 02: Scope of the report 

PART 03: Market research methodology 

PART 04: Introduction 

PART 05: Market landscape 

PART 06: Market segmentation by product type 

PART 07: Market segmentation by application 

PART 08: Market segmentation by geography 

PART 09: Market drivers 

PART 10: Impact of drivers 

PART 11: Market challenges 

PART 12: Impact of drivers and challenges 

PART 13: Market trends 

PART 14: Vendor landscape 

PART 15: Key vendor analysis 

For more information visit http://www.researchandmarkets.com/research/5ztm92/global_biobased

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SOURCE Research and Markets