Bio-based Isocyanate Market To Reach $8.09 Billion By 2030

Bio-based Isocyanate Market Growth & Trends

The global bio-based isocyanate market size is anticipated to reach USD 8.09 billion by 2030, growing at a CAGR of 5.9% from 2025 to 2030, according to a new report by Grand View Research. Growing demand for sustainable products in end-use industries such as automotive, construction, and furniture is a significant market growth driver. In the automotive sector, lightweight materials like polyurethane foams, derived from bio-based isocyanates, are increasingly used to enhance fuel efficiency and reduce emissions. Similarly, the construction industry is adopting bio-based materials to improve energy efficiency in buildings, driven by stringent energy regulations. The furniture industry is also shifting toward greener materials to meet rising consumer demand for environmentally friendly products.

Rising consumer awareness regarding sustainability and environmental protection has created a strong demand for bio-based products. Modern consumers are increasingly prioritizing eco-conscious purchasing decisions, leading manufacturers across various sectors to integrate bio-based isocyanates into their supply chains. This shift in consumer behavior is especially evident in Europe, where sustainability and carbon footprint reduction have become key purchasing criteria, particularly in industries such as home furnishings, packaging, and automotive interiors.

The growth of the renewable energy sector is indirectly influencing the adoption of bio-based isocyanates. Wind turbine blades, which rely on high-performance polyurethane coatings, are a notable application area. The increased investment in renewable energy projects across Europe is driving demand for bio-based materials in such high-precision applications. The integration of bio-based isocyanates in renewable energy components aligns with the broader goals of decarbonizing industries and reducing dependency on fossil fuels.

Supportive government initiatives and funding programs are significantly boosting the bio-based isocyanate industry growth. Various grants, subsidies, and research initiatives aimed at promoting renewable chemicals have encouraged manufacturers to invest in bio-based isocyanate production. These policies not only lower the financial barriers for companies but also increase public-private partnerships to enhance market penetration. This supportive ecosystem is fostering growth opportunities for both established players and new entrants in the market.

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Bio-based Isocyanate Market Report Highlights

• The paints & coatings application segment held the largest revenue share of over 31.0% in 2024. The paints and coatings segment is driven by the rising demand for sustainable and eco-friendly products across industries such as construction, automotive, and furniture.

• The North America bio-based isocyanate industry held the highest revenue share of 37.4% in 2024, driven by the increasing emphasis on sustainability and reducing dependency on fossil fuels, coupled with stringent environmental regulations encouraging the adoption of eco-friendly alternatives.

Bio-based Isocyanate Market Segmentation

Grand View Research has segmented the global bio-based isocyanate market based on application, and region:

Bio-based Isocyanate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Foams

• Adhesives & Sealants

• Paints & Coatings

• Others

Bio-based Isocyanate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in Bio-based Isocyanate Market

• BASF

• Dow Chemical

• Covestro

• Wanhua Chemical

• Huntsman

• Bayer MaterialScience

• Mitsui Chemicals

• Sinochem International Corporation