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商品編碼

1396639

全球生物基泡沫市場 - 2023-2030

Global Bio-Based Foam Market - 2023-2030

出版日期: 2023年12月15日 | 出版商:

DataM Intelligence | 英文 204 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2022年，全球生物基泡沫市場達到4,350萬美元，預計2030年將達到2.264億美元，2023-2030年預測期間CAGR為22.9%。

由於全球範圍內對永續性和環保產品的日益關注，對生物基泡沫的需求正在成長。由再生資源製成的泡沫越來越受到尋求化石燃料泡沫替代品的企業和客戶的歡迎。這一變化反映了業界對使用更永續和更環保的產品的認知不斷增加並致力於使用這些產品。

由於各領域的應用越來越多，生物基泡沫的市場也不斷擴大。生物基泡沫被用於多種行業，包括家具、建築、汽車和包裝。全球對生物基泡沫的需求正在上升，部分原因是終端用途產業的不斷成長。

亞太地區是全球生物基泡沫市場的成長地區之一，佔超過1/3的市場。亞太地區對再生資源產品的需求正在增加。鑑於生物基泡沫對環境友好且源自可再生原料，因此能夠很好地滿足這一需求，特別是當該行業成為傳統材料的永續替代品時。

動力學

最終用途產業不斷成長的需求

生物基泡沫生產商使用多種材料來提高建築材料的阻燃、防潮和防紫外線性能。全球監管機構制定了各種措施來促進綠建築。由於這些舉措，建築業對生物基泡沫絕緣材料的需求將增加，其用途包括減震和降噪。

例如，亨斯曼於 2022 年推出了 ACOUSTIFLEX VEF BIO 系統，這是一種尖端的生物基黏彈性泡棉技術，其生物基含量高達 20%，由植物油製成，用於汽車領域的模壓聲學應用。與目前的亨斯邁方法相比，這種新穎的方法可以將汽車地毯背發泡的碳足跡減少高達 25%。此外，此方法還可用於輪拱和儀表板絕緣。

電子商務產業快速擴張

由於電子商務的發展，生物基泡沫包裝的需求預計將增加，預計幾年內生物基泡沫包裝將用於包裝電子產品、汽車和其他產品等商品。由於電子商務行業的顯著成長，預計生物基泡沫包裝市場將在整個預測期內成長。

例如，2022年，B2B電商平台Udaan透過2,200萬筆訂單成功交易了超過17億件產品。該公司報告稱，食品、快速消費品、電子產品、生活方式、百貨和藥品等多個領域均實現強勁成長。值得注意的是，Udaan 強調了必需品類別中超過 89% 的重複購買率，凸顯了該平台在該細分市場的強勁表現和客戶忠誠度。

原料供應有限

生物基泡沫市場進一步受到原料的一致性和可用性的限制。許多生物基泡沫依賴某些原料，例如玉米、甘蔗或大豆，這些原料會根據季節和天氣而變化。燃料供應的變化可能會對供應鏈產生影響，導致產量水準不穩定和潛在的成本增加。

來自其他部門（例如糧食生產或生物燃料）對這些生物基原料的競爭進一步加劇了確保穩定和永續供應的困難。生物基泡沫產業的企業必須透過建立強大的供應鏈並尋找替代原料來降低供應稀缺的風險來管理這些複雜問題。

技術和性能限制

與傳統同類產品相比，生物基泡沫的性能和技術限制是全球生物基泡沫產業的另一個障礙。對於生物基材料，實現某些性能屬性（例如高耐用性、阻燃性或特定的機械品質）可能很困難。這可能會限制生物基泡沫在某些必須滿足高性能標準的經濟領域的使用。

由於這些技術限制，需要不斷進行研究和開發，以改善生物基泡沫的性能特徵並提高其對更廣泛應用的適應性。為了促進生物基泡沫更廣泛的市場接受度，更重要的是讓最終用戶了解這些材料的優點和缺點。

Overview

Global Bio-Based Foam Market reached US$ 43.5 Million in 2022 and is expected to reach US$ 226.4 Million by 2030, growing with a CAGR of 22.9% during the forecast period 2023-2030.

Demand for bio-based foams is developing as a result of the increased focus on sustainability and eco-friendly goods on a globally scale. The foams, which are made from renewable resources, are becoming more and more well-liked among businesses and customers looking for foam substitutes made from fossil fuels. The change is a reflection of industry' increasing knowledge of and dedication to using more sustainable and environmentally friendly products.

The market for bio-based foam is expanding as a result of more applications across various sectors. Bio-based foams are being used in a variety of industries, including furniture, construction, automotive and packaging. Global demand for bio-based foams is rising, partly due to the growing end-use industries.

Asia-Pacific is among the growing regions in the global bio-based foam market covering more than 1/3rd of the market. The Asia-Pacific is seeing an increase in demand for products derived from renewable resources. Given their environmental friendliness and sourcing from renewable feedstocks, bio-based foams are well-positioned to satisfy this need, particularly as the industry became for sustainable substitutes for conventional materials.

Dynamics

Growing Demand from End-Use Industries

A variety of materials are used by producers of bio-based foam to improve the fire-retardant, moisture-resistant and UV-protective properties of building materials. Regulating bodies globally have developed a variety of initiatives to promote green construction. The construction industry's need for bio-based foam insulation for uses including shock absorption and noise reduction will rise as a result of these initiatives.

For Instance, in 2022, Huntsman launched the ACOUSTIFLEX VEF BIO system, a cutting-edge bio-based viscoelastic foam technology with up to 20% bio-based content made from vegetable oils for molded acoustic applications in the automobile sector. When compared to current Huntsman methods, this novel approach can reduce the carbon footprint of automobile carpet back-foaming by up to 25%. Additionally, the method may be used for wheel arch and dash insulation.

Rapid Expansion of the E-Commerce Industry

The demand for bio-based foam packaging, which has been used to package commodities like electronics, automobiles and other products in predicted years, is expected to increase due to growing e-commerce. Due to the significant growth in the E-Commerce industry, the market for bio-based foam packaging is anticipated to grow throughout the projected period.

For Instance, In 2022, Udaan, a B2B e-commerce platform, successfully transacted over 1.7 billion products through 22 million orders. The company reported robust growth across various sectors, including food, FMCG, electronics, lifestyle, general merchandise and pharmaceuticals. Notably, Udaan highlighted a remarkable repeat purchase rate exceeding 89% in the essentials category, underscoring the platform's strong performance and customer loyalty within this segment.

Limited Availability of Raw Materials

The market for bio-based foam is further limited by the consistency and availability of raw ingredients. A lot of bio-based foams depend on certain feedstocks, such as maize, sugarcane or soybeans, which change depending on the seasons and weather. Variations in fuel availability might have an effect on the supply chain, leading to erratic output levels and potential cost increases.

The difficulties in ensuring a steady and sustainable supply are further exacerbated by competition for these bio-based feedstocks from other sectors, such as food production or biofuels. Businesses in the bio-based foam industry must manage these complications by building robust supply chains and looking into substitute feedstocks to reduce the risk of scarce supply.

Technical and Performance Restrictions

The performance and technical limitations of bio-based foams in comparison to their traditional equivalents are another barrier to the global bio-based foam industry. With bio-based materials, achieving certain performance attributes like high durability, flame resistance or particular mechanical qualities might be difficult. The may restrict the use of bio-based foams in some sectors of the economy where high-performance standards must be fulfilled.

Because of these technological constraints, ongoing research and development are needed to improve the performance characteristics of bio-based foams and increase their adaptability for a wider variety of applications. Further essential to promoting broader market acceptability of bio-based foams is educating end users about the benefits and drawbacks of these materials.

Segment Analysis

The global bio-based foam market is segmented based on product, type, raw material, end-user and region.

Rising Polyurethane Foam Due to Increasing Plant-Based Components

The polyurethane (PU) foam segment is among the growing regions in the global bio-based foam market covering more than 1/3rd of the market. Bio-based PU foams often include plant-based or soy-based components as renewable source materials. The availability of these renewable resources supports the environmentally beneficial attributes of bio-based PU foam and is in line with the globally movement towards more ecologically conscious and sustainable production methods.

For Instance, in 2022, The National Research Council of Italy, a partner of BIOMAT, was present at the 5th National Conference of Rigid Polyurethane Foam in Italy to promote the project. On May 12, the Centro Congressi Citta della Scienza in Naples hosted the event. The event highlighted BIOMAT and the creation of the Project's Open Innovation Test Bed. The Project aims to change the construction industry by replacing conventional PUR foams with a biobased, affordable, sustainable and nano-enabled substitute.

Geographical Penetration

Increasing Demand for Green Sustainable Products and Developments of Bio-Based Foams in Asia-Pacific

The Asia-Pacific has emerged as a dominant force in the global bio-based foam market, fueled by the increasing desire for environmentally friendly and sustainable products across the region. Consumers' and businesses' growing desire for bio-based foams derived from renewable resources signals a move away from conventional foams based on petrochemicals. The change is consistent with more general globally sustainability trends and awareness of the environment.

For Instance, in 2021, Stora Enso expanded its packaging range with new bio-based foams, Fibrease and Papira, made from Forest Stewardship Council-approved wood. The FSC-certified products, tested at recycling facilities, are fully recyclable and designed for protective and thermal packaging. Papira, a biodegradable and compostable fiber-based monomaterial and Fibrease, recyclable in any paper or board stream, represent renewable and climate-friendly alternatives in the protective packaging segment for the Finnish paper and packaging company.

Asia-Pacific's construction and packaging industries are expanding rapidly as a result of rising customer demand, infrastructural expansion and urbanization. Bio-based foams are used in both sectors and provide environmentally friendly options for packaging, insulation and other uses. Therefore, the demand for bio-based foams in the area is being driven by the growing construction and packaging sectors.

According to World Bank statistics, Bangladesh witnessed a remarkable increase of 70%-80% in total e-commerce revenues within a few months in 2020. The surge in online transactions has become a pivotal factor in the growth potential of small-sized businesses in South Asia. The significant trend, fueled by the swift digitalization and the expanding production hubs, is expected to provide momentum to the growth of the regional bio-based foam market over the forecast period.

Additionally, as small businesses increasingly turn to online services to sell their products, the demand for sustainable packaging solutions, such as bio-based foams, is likely to rise, contributing to the overall growth of the global bio-based foam market.

COVID-19 Impact Analysis

The globally bio-based foam market has been impacted by the COVID-19 pandemic in several ways. The pandemic's early stages caused delays in production across several industries, including the creation of bio-based foam, by upsetting industrial processes, supply networks and logistics. Lockdowns, travel bans and labor shortages presented major obstacles for bio-based foam firms, making it difficult for them to satisfy demand and quickly complete orders.

The market for bio-based foams was further constrained by a decline in consumer expenditure on luxuries like furniture and automobile components. A change in customer preferences and behavior was also brought about by the epidemic. Interest in eco-friendly and sustainable products, such as bio-based foams, has surged due to growing consciousness of health and environmental issues.

The market for bio-based foam has new prospects as a result of this change in customer perception and the increased focus on circular economy ideas. In response to shifting customer expectations for sustainable and environmentally friendly options, businesses in the industry are putting a greater emphasis on innovation and product development.

However, the market for bio-based foam has had to contend with issues including unstable finances, postponed projects and interrupted supply chains. Notwithstanding the difficulties, the pandemic has highlighted the value of sustainability and resilience in several industries, opening up a possible path for the bio-based foam industry to recover and flourish in the post-pandemic environment as international markets recuperate and place a higher priority on sustainable practices.

Russia-Ukraine War Impact Analysis

The conflict with Russia and Ukraine has had a significant effect on the globally bio-based foam industry, affecting several areas of supply chains, market dynamics and manufacturing. The interruption in the availability of essential raw ingredients for the production of bio-based foam is one important cause.

The majority of agricultural goods, including sunflower oil and soybeans, are produced and exported by both Russia and Ukraine and are essential to the manufacturing of bio-based foams. Any disruption in the flow of these vital raw ingredients might result in higher costs and even shortages for producers of bio-based foam throughout the world.

Additionally, the conflict's geopolitical tensions and uncertainties may have an impact on investor confidence and international trade relations, which may cause market swings. Businesses in the bio-based foam industry might experience difficulties with project delays, strategic planning and financial stability. Furthermore, the conflict's effects on the world economy, including trade restrictions and sanctions, may have an impact on the demand for bio-based foams generally in a variety of industries, including the packaging, building and automotive sectors.

By Product

Polyurethane (PU) Foam
Polystyrene (PS) Foam
Polyethylene (PE) Foam
Polypropylene (PP) Foam
Phenolic Foam
Polyolefin Foam
Melamine Foam
Others

By Type

Rigid
Flexible

By Raw Material

Soy-Based
Corn-Based
Sugarcane-Based
Others

By End-User

Automotive & Transportation
Aerospace & Defense
Building & Type
Chemical
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On September 25, 2023, BASF is expanding its bio-based monomer portfolio with a new proprietary process for producing 2-Octyl Acrylate (2-OA). The product highlights BASF's commitment to sustainability, featuring a remarkable 73% 14C-traceable bio-based content according to ISO 16620 standards. Additionally, the company introduced 2-Octyl Acrylate BMB ISCC Plus, which is ISCC PLUS certified for remaining carbon content and employs BASF's biomass balance (BMB1) approach, further reducing the product's carbon footprint.
On September 27, 2021, Cargill entered into a deal to acquire Arkema's epoxides business, which includes a plant in Blooming Prairie, Minnesota, as the need for bio-based industrial solutions keeps rising. The investment is going to provide Cargill with full production capabilities for bio-based polyols and plasticizers, allowing the business to better serve its industrial clientele by providing naturally derived additives as an alternative to conventional petroleum-based additives.

Competitive Landscape

The major global players in the market include: BASF SE, Cargill, Inc., Huntsman Corporation, Dow Inc., Braskem, Woodbridge Foam Corporation, BEWI Group, INOAC Corporation, Trocellen GmbH and Sinomax USA.

Why Purchase the Report?

To visualize the global bio-based foam market segmentation based on product, type, raw material, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of bio-based foam market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global bio-based foam market report would provide approximately 69 tables, 75 figures and 204 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Product
3.2. Snippet by Type
3.3. Snippet by Raw Material
3.4. Snippet by End-User
3.5. Snippet by Regions

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing Demand from End-Use Industries
  - 4.1.1.2. Rapid Expansion of the E-Commerce Industry
- 4.1.2. Restraints
  - 4.1.2.1. Limited Availability of Raw Materials
  - 4.1.2.2. Technical and Performance Restrictions
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Product

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
7.2. Polyurethane (PU) Foam*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Polystyrene (PS) Foam
7.4. Polyethylene (PE) Foam
7.5. Polypropylene (PP) Foam
7.6. Phenolic Foam
7.7. Polyolefin Foam
7.8. Melamine Foam
7.9. Others

8. By Type

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 8.1.2. Market Attractiveness Index, By Type
8.2. Rigid*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Flexible

9. By Raw Material

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 9.1.2. Market Attractiveness Index, By Raw Material
9.2. Soy-Based*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Corn-Based
9.4. Sugarcane-Based
9.5. Others

10. By End-User

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
10.2. Building & Construction*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Packaging
10.4. Automotive
10.5. Furniture & Bedding
10.6. Footwear
10.7. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Russia
  - 11.3.7.5. Spain
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. BASF SE*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Cargill, Inc.
13.3. Huntsman Corporation
13.4. Dow Inc.
13.5. Braskem
13.6. Woodbridge Foam Corporation
13.7. BEWI Group
13.8. INOAC Corporation
13.9. Trocellen GmbH
13.10. Sinomax USA

LIST NOT EXHAUSTIVE