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.
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.
- 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