The global bio-based Elastopan polyurethane market is projected to surpass USD 63.91 million by 2031, growing at a CAGR of 6.75%. Derived from natural oils like castor and sunflower, these eco-friendly resins are used across industries such as aerospace, automotive, construction, electronics, and packaging. They are integral to coatings, foams, adhesives, and fibers, supporting sustainability in construction and improving energy efficiency. While demand is rising, especially in green building and automotive sectors, the lower cost of conventional polyurethane remains a key challenge to broader adoption.

Source: OpenPR