What is the size of the Bio-based Polyurethane Market?
According to 6Wresearch internal database and industry insights, the
Global bio-based polyurethane market was valued at USD 1.4 billion in 2024 and is expected to reach USD 3 billion by 2031, growing at a CAGR of 13.3% during the forecast period 2025–2031.
Due to rising push for low-VOC and sustainable materials in construction, furniture, and automotive sectors, along with growing innovation in plant-oil-based polyols, the market is predicted to expand.
Key Growth Factors of the Bio-based Polyurethane Market
- Growing environmental awareness and regulations on petroleum-based materials
- Increasing awareness in green buildings, automotive interiors, and cushioning applications
- Development of high-performance polyols from soy, castor, and palm oils
- Expansion of sustainable insulation and coatings in the construction industry
- Strong demand for flexible foams and adhesives in consumer and industrial products
Bio-based Polyurethane Market Trends
The market is shifting toward rigid and flexible foams that meet green building standards while reducing environmental impact. The usage of castor-oil and soybean-derived polyols in foams, coatings, and elastomers are increasing. Another trend is development of bio-based thermoplastic polyurethanes used in footwear, electronics, and medical devices. Further, bio-PU systems are increasingly being optimized for recyclability, aligning with global circular economy goals.
Emerging Developments in the Bio-based Polyurethane Market
Marekt is seeing developments with emphasizing focus on carbon capture–based polyols, hybrid formulations using recycled content, and low-emission polyurethane foams. Now, companies are investing in bio-based coatings and adhesives with high durability and moisture resistance.
Europe and North America are leading adoption due to strong green building codes. Growth is also occurring in biomedical-grade polyurethanes for healthcare applications.
Major Companies in the Bio-based Polyurethane Market
- BASF SE
- Covestro AG
- Huntsman Corporation
- Cargill, Inc.
- Mitsui Chemicals
- Dow Inc.
- RAMPF Holding GmbH & Co. KG
- Emery Oleochemicals
- Woodbridge Foam Corporation
How big is the Bio-Based Polyurethane Market : FAQ's
The bio-based polyurethane market was estimated at USD 1.4 billion in 2024 and is expected to reach USD 3 billion by 2031.
The rise of recyclable foams, bio-based TPUs, low-VOC coatings, and castor oil polyols are key trends reshaping the market.
Construction, automotive, furniture, and footwear are the leading application areas driving significant demand.
Higher costs, technical limitations in extreme-use cases, and raw material availability pose challenges for market scalability.
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