Bio-Based Polyurethane Market Size

Bio-Based Polyurethane Market Future Prospects

The bio-based polyurethane market size is USD 40.6 million in 2024, and it is expected to reach USD 72.1 million in 2030, with a growth rate of 9.9% during 2025–2030. The market growth is ascribed to the wide range of applications of this polymer, including footwear, biomedical, packaging, and transportation. Bio-based polyurethane coatings have been extensively replacing petrochemical-based coatings as they have a lower environmental impact and low cost and are easily available and biodegradable.

Synthetic polyurethane materials are non-biodegradable and poisonous and utilize petrochemical-based raw materials, which are now exhausting, thus leading to inflations in polyurethane production costs. The bio-based variant possesses better properties than petroleum-based polyurethanes, such as high compressive strength, tensile strength, bending strength, and water absorption.

By changing the raw materials, additives, and manufacturing procedures, polyurethanes can be customized and produced in a wide gamut of forms, such as fibers, adhesives, foams, sealants, coatings, and elastomers. Moreover, several properties of the polymer, such as strong adhesion, resistance to chemicals and corrosion, flexibility, low-temperature stability, and chemical structure adaptability, play a pivotal role in its booming popularity among researchers. Moreover, the plastic helps in meeting environmental goals, including waste reduction and sustainability.