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Bio-Based Polyurethane Market - Global Industry Analysis, Forecast 2013 – 2019

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Application of bio based polyurethanes in the insulation industry is a major opportunity for the market.Bio based polyurethane has the potential to capture the insulation market. This research report analyzes this market on the basis of its market s
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Bio-Based Polyurethane Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2013 - 2019
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Bio-Based
Polyurethane Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” This report
likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and
worldwide business sector industry structure.
Polyurethanes are used in a wide range of industrial applications due to their chemical versatility, high performance and low
cost. They find use in building and construction, consumer products, furniture and fixtures, transportation and in industrial
applications. Polyurethane is traditionally a downstream derivative of crude oil, rendering it susceptible to the crude oil market
fluctuations. Moreover in this age of the consumers, and the global inclination towards green products and sustainable
development, bio based alternative for crude oil is the need of the day.
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Polyurethane manufacturers are looking for alternatives so as to reduce carbon footprint, and at the same time positively impact
the product quality and economics of production. Thermoplastic polyurethane manufacturers in particular are more inclined
towards adopting bio based alternatives and increase the bio based content in their product by using polyester polyols made
from natural and renewable raw materials. The main demand for bio based polyurethane is derived from application segments
such as automotive, footwear and apparel. Uses in applications such as electronics, carpets, and furniture among others are also
gaining momentum.
Adipic acid, which is petroleum based product, and some other di-acids are the conventional raw materials for manufacturing
polyurethanes. However, natural oil polyols (NOP) or biopolyols, which are derived from vegetable oils by different methods, are
used in the production of bio based polyurethane. The most common sources of natural oil polyols are castor oil, soy oil, peanut
oil and canola oil. Castor oil accounts for the majority of natural oil polyol as it contains a ready hydroxyl group unlike the others,
where hydroxyl group needs to be introduced by prior processes. Natural oil polyols have similar origins and applications but the
materials are different depending on their manufacturing process. Apart from these bio based succinic acid and 1,4 butanediol
can be combined with the required isocyanates to produce polyurethanes with upto 70% bio content.
One of the major factors driving this market is the government regulations regarding carbon foot print control in the developed
economies of North America and Europe. In order to meet manufacturing obligations set up by the Kyoto Protocol, that is to
reduce carbon emission so as to negate future climate damage, adapting to bio alternative from petroleum in the way forward
for most manufacturers. Moreover research suggests that the physical attributes of bio based polyurethanes is strikingly similar
to the traditional polyurethane manufactured from crude oil. Moreover, the modern customer prefers bio based green products
to traditional products obtained from petroleum. Green product status has become the USP for products and brands.
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Application of bio based polyurethanes in the insulation industry is a major opportunity for the market. Polyurethane foams
are extensively used in home insulation and building insulation in the US and Europe. Bio based polyurethane has the potential
to capture the insulation market. Polyurethanes market suffers from the regular price fluctuations in the global crude oil market,
as it is directly related to the product. The volatile crude oil market is a restraint for traditional polyurethanes as it affects the
pricing and market competitiveness compared to other insulation materials such as fiber glass and mineral-wool. Insulation
materials manufactured from bio based polyurethanes will not be affected by the global price fluctuations and is a better
alternative both financially and environmentally for manufacturers and consumers alike.
Some of the players in the bio based polyurethanes market are SNP, Inc.,Cargill, Bio Amber, Inc, and Myriant Technologies
among many others.
This research report analyzes this market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
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North America
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Asia Pacific
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Europe
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Rest of the World
This report provides comprehensive analysis of
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Market growth drivers
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Factors limiting market growth
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Current market trends
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Market structure
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Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
•
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
•
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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