IGR Bio Polyurethane Market | Page 2

A latest report has been added to the wide database of Bio Polyurethane Market by Infinium Global Research. This report studies the Bio Polyurethane Market by products (adhesives &sealants, coatings, elastomers, flexible foam, rigid foam, and others), application (automotive, construction, electronics &appliances, furniture and interiors, footwear, packaging, and others) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Bio Polyurethane Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Bio Polyurethane Market. Global bio polyurethane market is projected to grow at a CAGR of 4.8% over the forecast period of 2017 - 2023. Factors driving the growth of this market include increasing demand from construction industry, favourable government regulations and initiatives for using bio-based polyurethane and increasing demand of bio polyurethane from the applications such as electrical and automotive sectors. Flexible Foam is estimated to Account for the Largest Share of the Market in 2017 By product, the bio polyurethane market is classified into adhesives & sealants, coatings, elastomers, flexible foam, rigid foam, and others. The flexible foam segment is expected to lead the global bio polyurethane in 2017. Factors driving the growth of this segment include extensive usage of flexible PU foam in home as well as building insulation and growing usage of flexible PU foam in sports equipment, shoe soles, automotive seating and thermal insulations. Construction is estimated to Command the Largest Share of the Market during the Forecast Period Based onapplication, the bio polyurethane market is categorized into automotive, construction, electronics & appliances, furniture and interiors, footwear, packaging, and others. The construction segment is estimated to account for the largest share of the global bio polyurethane market during the forecast period. Increasing infrastructure in developing countries coupled with extensive usage of bio- based insulation panels, rising demand for green polyurethane foams from the construction industry and growing urbanization coupled with increasing spending capacity are the key factors driving the growth of this application segment. Asia Pacific is estimated to Command the Largest Share of the Market Based on region, the bio polyurethane market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the bio polyurethane market in 2017. This is attributed to factors such as presence of emerging