Bio-Based Polyurethanes Market with Chemical Versatility in Insulation industries-Global Market Assessment Study 2013-2029
Polyurethanes are used in a wide range of industrial applications due to their chemical versatility, high performance and low cost. They find use in building and construction, consumer products, furniture and fixtures, transportation and in industrial applications. Polyurethane is traditionally a downstream derivative of crude oil, rendering it susceptible to the crude oil market fluctuations. Moreover in this age of the consumers, and the global inclination towards green products and sustainable development, bio based alternative for crude oil is the need of the day. Polyurethane manufacturers are looking for alternatives so as to reduce carbon footprint, and at the same time positively impact the product quality and economics of production. Thermoplastic polyurethane manufacturers in particular are more inclined towards adopting bio based alternatives and increase the bio based content in their product by using polyester polyols made from natural and renewable raw materi...