Bio-based Elastomers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Bio-based Thermoplastic, Bio-based Thermoset), By Application (Automotive, Footwear, Sports, Electrical & Electronics, Others), By Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBio-based Elastomers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Bio-based Thermoplastic, Bio-based Thermoset), By Application (Automotive, Footwear, Sports, Electrical & Electronics, Others), By Region, and Competition
In 2021, Germany was the leading automobile manufacturing country in Europe with more than 3 million vehicles produced.
Manufacturers of conventional elastomers are being compelled to create partially or fully bio-based elastomers in response to the growing demand for using bio-based products to reduce the carbon footprints. Elastomer raw material producers are working together technologically to deliver bio-based raw materials. As a result, there is a large enough supply of bio-based raw materials found at to produce bio-based elastomers.
For instance, in May 2021, U.S.-based Lummus Technology signed an agreement with Synthos to commercialize its technology for the development of bio-based butadiene which acts as an adequate monomer supply for bio-based elastomer production.
Moreover, increasing demand of bio-based elastomers from HVAC industry and from construction industry to produce materials such as tubes adhesives, coatings, help to expand the market in the forecast period.
Rising Demand from Automotive Industry
Elastomers are used in flooring, instrument panel skins, gasket, bellows, sound management, belts, and hoses inside automobiles. In addition, it may be employed in practically all sections of the automobile, including tires such as base tire, sidewalls, and treads, wiring, cables, and coatings. Materials used in automobile interiors must adhere to laws governing odor, fogging, and volatile organic compounds (VOCs) and regulations for Vehicle Interior Air Quality (VIAQ). The bio-based elastomers have a high proportion of bio-based components and less volatile organic compound (VOC), which is encouraging the automobile sector to use them.
Moreover, the growth of the market is largely attributable to the rising demand for lightweight materials in the automobile sector to provide greater economy and design flexibility. High-performance bio-based elastomers give manufacturers the benefits of design and steel-like strength, which reduces total weight and limits greenhouse gas emissions.
For instance, according to the International Organization of Motor Vehicle Manufacturers, the total number of vehicles produced in 2021 was more than 80 million.
Growing Demand from Footwear Sector
Due to the usage of materials like leather, polyvinyl chloride, polyurethane, and rubber that end up in landfills, the manufacture of footwear has a substantial negative impact on the environment. Several major sporting goods companies focus on the production of entirely biodegradable, high-performance athletic footwear, which may have a favorable impact on the market for bio-based elastomers.
For instance, Nike employed 50% bio-based thermoplastic polyurethanes (TPU) and 50% Pebax Renew, a castor-based thermoplastic elastomer produced by Arkema that comprises about 97% renewable-based components in their GS football boot.
Therefore, increasing use of bio-based elastomers in footwear domain leads to the growth of
Bio-Based Thermoplastic will be the Key Product
With an equivalent shore hardness ranging from 55 shore A to 80 shore A, they are becoming more widely used in automotive applications as an alternative to conventional crude oil-based elastomers. Bio-based thermoplastic polyolefin, bio-based thermoplastic styrene block copolymer, bio-based thermoplastic polyamide, and bio-based thermoplastic polyurethane elastomers are some of the bio-based thermoplastic elastomers that have been created and put on the market.
For instance, Dow Inc., produced AFFINITY RE a bio-based polyolefin elastomers which is used in packaging having high performance, quality finish, and reduce the Carbon footprint as compared to standard Polyolefin Elastomer materials.
Thus, increasing demand of biobased products, anticipated the growth of Global Bio-based Elastomers Market in the upcoming years.
Recent Developments
- In November 2022, for the
purpose of producing environmentally friendly tires, Asahi Kasei Corporation began
selling Asadene BR and Tufdene S-SBR.
- Bio-based polyester elastomer
soles were created by the Beijing University of Chemical Technology for biodegradable
shoes made from corn stalk latex, bamboo fibre, and hemp fibre in August 2022.
- In March 2021, Eni's chemical
company signed a joint development agreement with Bridgestone EMIA for the
research, production and supply of synthetic rubber with advanced properties.
- DSM and Sympatex Technologies worked together to introduce Arnitel, a bio-based thermoplastic elastomer in February 2021.
Download Free Sample Report
Market Segmentation
Global Bio-based Elastomers Market
Company Profiles
Dow Inc, FKuR Kunststoff GmbH, Audia Elastomers, BASF SE, Trinseo PLC, Koninklijke DSM N.V., Eni S.p.A., Arkema S.A., Asahi Kasei Corporation, Kuraray Co., Ltd. are some of the key players of Global Bio-based Elastomers Market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 –
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024
– 2028 |
|
Quantitative Units |
Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
|
Report
coverage |
Revenue
forecast, volume forecast, company share, competitive landscape, growth factors,
and trends |
|
Segments
covered |
Product Application
|
|
Regional scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country scope |
United
States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China,
India, South Korea, Japan, Thailand, Brazil, Argentina, South Africa, Saudi
Arabia, UAE |
|
Key companies
profiled |
Dow
Inc, FKuR Kunststoff GmbH, Audia Elastomers, BASF SE, Trinseo PLC,
Koninklijke DSM N.V., Eni S.p.A., Arkema S.A., Asahi Kasei Corporation,
Kuraray Co., Ltd. |
|
Customization
scope |
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
|
Pricing and
purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
Report Scope
In this report, global Bio-based Elastomers market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below
- Bio-based
Elastomers Market, By Product
- Bio-based Thermoplastic
- Bio-based Thermoset
- Bio-based
Elastomers Market, By Application
- Automotive
- Footwear
- Sports
- Electrical & Electronics
- Others
- Bio-based Elastomers Market, By Region
Competitive landscape
Company Profiles
found at Customizations
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are found at for the report
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Global Bio-based Elastomers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy