The global "Bio-Based Foam Market is projected to grow from USD 102 million in 2022 to USD 229 million by 2027, at a CAGR of 23.1% during the forecast period. The growth of the market is driven by the increasing demand from various end-use industries such as automotive, building & construction, and packaging industries.
Get PDF brochure of the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=109520048
Browse 223 market data Tables and 35 Figures spread through 208 Pages and in-depth TOC on "Bio-Based Foam Market”.
By raw material, the sugarcane-based segment accounted for the highest share of bio-based foam market during 2022 to 2027.
By raw material, the sugarcane-based segment accounted highest share of bio-based foam market. A Sugarcane-based foam is widely used in various end-use applications. Many leading footwear manufacturing companies are increasing the use of sugarcane-based foam in their shoes’ sole manufacturing.
By type, the flexible segment accounted for the highest share of bio-based foam market during 2022 to 2027.
By type, the flexible segment accounted highest share of bio-based foam market. Flexible bio-based material finds application majorly in automotive, furniture, and bedding sectors. Flexible bio-based foam meets the engineering requirements of commercial-scale manufacturing processes including packaging and mattresses.
By end-use industry, the automotive segment accounted for the highest share of bio-based foam market during 2022 to 2027.
By end-use industry, the automotive segment accounted for the highest share of bio-based foam market. The automotive is one of the fastest growing industry which has lead to increase the demand of various raw material including bio-based foam. Many leading automotive manufacturer are started using bio-based foam for cushoning and insulation application in car interiors.
Europe is the largest and fastest-growing region in the bio-based foam market.
Europe accounted as the largest market for bio-based foam and is projected to show fastest growth during the forecast period. The market of bio-based are driven by the growing manufacturing industries in the region. Many countries in Europe are becoming hub of manufacturing of various global industries.
BASF SE (Germany), Huntsman Corporation (US), Cargill, Incorporated (US), Stora Enso (Finland), Braskem (US), Woodbridge Foam Corporation (Canada), Bewi Group (Sweden), INOAC Corporation (Japan), Trocellen GmBh (Germany), Sealed Air Corporation (US), RAMPF Group (Germany), Sinomax USA (US), DomFoam (Canada), Ecoglobal Manufacturing (US), and Nomaco (US) are the key players in bio-based foam market.
Early buyers will receive 10% free customization on this report.
Don't miss out on business opportunities in Bio-Based Foam Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=109520048
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]