The global bio-based elastopan polyurethane market is expected to reach USD 61.19 billion by 2031, growing at a CAGR of 6.02% during the forecast period. The market is driven by the increasing demand for green projects in construction, automotive, and packaging industries. Bio-based polyurethane (P.U.) coatings are used to enhance the aesthetic and longevity of products, while bio-based polyurethane foams are used as an insulating material to reduce energy consumption in buildings.
The North American region is expected to dominate the market, driven by the growing demand from emerging economies in sectors such as automotive, consumer products, electrical & electronics, and construction. Europe is expected to be a significant shareholder, driven by the growing demand for sustainable architecture and the development of new industries.
The market is segmented by type, including flexible foam, rigid foam, coatings, adhesives, and sealants, and by end-use industry, including automotive, building & construction, consumer goods, electrical & electronics, and packaging. The report also includes a list of prominent players, market dynamics, and recent developments in the market.