| Market revenue in 2023 | USD 7,643.9 thousand |
| Market revenue in 2030 | USD 13,332.8 thousand |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants |
| Key market players worldwide | Basf SE, Covestro AG, Cargill, Huntsman Corp, RAMP Holdings, MCPU Polymer Engineering, WeylChem |
China has the fastest-growing aviation market in Asia-Pacific, witnessing a year-on-year growth of 15%. The demand for bio-based polyurethane foams in aerospace applications arises from its use in interior trims to reduce vehicle weight and effectively improve fuel economy. This, in turn, is expected to boost the growth of the product in the region.
The automotive and aerospace industries are also witnessing high growth owing to consumer interest in travel & tourism as a result of increased disposable income and rising passenger car sales in recent years. Prefabricated buildings are likely to be a major trend in China, with high demand for aesthetically pleasing and sustainable materials such as rain-screen panels.
Although the Chinese construction market is currently slowing down due to poor economic performance witnessed in 2021, the market remains a lucrative to invest in compared to other Western economies. The agricultural segment is also a significant application of polycarbonate in the Chinese market, owing to the exponential increase in fruit and vegetables, tobacco, and other product demand.
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Last Updated: Aug 26, 2026
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| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Huntsman Corp | View profile | 6,000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | www.huntsman.com |
| Covestro AG | View profile | 17,520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | www.covestro.com/en |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.cargill.com |
| RAMP Holdings | View profile | 51-100 | Boston, Massachusetts, United States, North America | www.rampecdn.com/ |
| MCPU Polymer Engineering | View profile | 51-100 | Pittsburg, Kansas, United States, North America | www.mcpupolymers.com |
| WeylChem | View profile | 1001-5000 | Frankfurt, Hessen, Germany, Europe | www.weylchem.com/ |
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Bio Based Polyurethane Market Outlook will help companies and investors design strategic landscapes.
Flexible Foam was the largest segment with a revenue share of 49.99% in 2023.
Horizon Databook has segmented the China bio based polyurethane market based on rigid foam, flexible foam, coatings, adhesives & sealants covering the revenue growth of each sub-segment from 2018 to 2030.
China has the fastest-growing aviation market in Asia-Pacific, witnessing a year-on-year growth of 15%. The demand for bio-based polyurethane foams in aerospace applications arises from its use in interior trims to reduce vehicle weight and effectively improve fuel economy. This, in turn, is expected to boost the growth of the product in the region.
The automotive and aerospace industries are also witnessing high growth owing to consumer interest in travel & tourism as a result of increased disposable income and rising passenger car sales in recent years. Prefabricated buildings are likely to be a major trend in China, with high demand for aesthetically pleasing and sustainable materials such as rain-screen panels.
Although the Chinese construction market is currently slowing down due to poor economic performance witnessed in 2021, the market remains a lucrative to invest in compared to other Western economies. The agricultural segment is also a significant application of polycarbonate in the Chinese market, owing to the exponential increase in fruit and vegetables, tobacco, and other product demand.
Horizon Databook provides a detailed overview of country-level data and insights on the China Bio Based Polyurethane Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Bio Based Polyurethane Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
