Global Bio-based Isocyanate Market Size Study & Forecast, by Application (Foams, Adhesives & Sealants, Paints & Coatings) and Regional Forecasts 2025-2035

Description

The Global Bio-based Isocyanate Market is valued at approximately USD 5.75 billion in 2024 and is expected to advance at a promising CAGR of more than 5.90% during the forecast period 2025-2035. Bio-based isocyanates-derived from renewable sources like plant oils, starches, and other biomass-are steadily becoming a pivotal alternative to their petrochemical counterparts. These compounds are chiefly used in the manufacturing of polyurethane materials, including foams, adhesives, sealants, and coatings. Their expanding usage in sustainable product lines stems from increasing environmental regulations, a global push for greener alternatives, and heightened consumer preference for eco-friendly construction and packaging solutions. As industries pivot toward bio-based innovations, the demand for these isocyanates continues to flourish, especially in sectors where sustainability is becoming non-negotiable.

The surge in demand for polyurethane products across diverse end-user industries-ranging from construction and automotive to furniture and packaging-has significantly accelerated the adoption of bio-based isocyanates. Their low VOC (Volatile Organic Compound) emissions and carbon-neutral footprint make them attractive for applications like rigid and flexible foams, industrial adhesives, and decorative coatings. For instance, the global shift toward green buildings and recyclable insulation materials has unlocked new avenues for foam-based bio-isocyanate applications. Moreover, innovations in bio-based feedstocks and enzymatic production technologies have enhanced product performance, expanding the application base. However, challenges such as high production costs, limited commercial-scale facilities, and raw material inconsistencies continue to hinder the market's full-scale transformation.

Regionally, North America is anticipated to command a significant share of the Bio-based Isocyanate Market by 2025, underpinned by strong environmental legislation, R&D investments, and an increasingly eco-conscious manufacturing base. The United States and Canada, in particular, have witnessed an uptick in sustainable infrastructure projects and bio-based R&D initiatives. Meanwhile, Europe is expected to remain a major contributor to global revenues, supported by regulatory frameworks like REACH and the EU Green Deal. On the other hand, Asia Pacific is projected to witness the fastest growth during the forecast period. Countries such as China, India, and Japan are making swift strides toward bio-economy transitions, propelled by large-scale industrialization, population growth, and tightening environmental policies, all of which foster demand for renewable raw materials and bio-based chemicals.

Major market player included in this report are:

BASF SE
Covestro AG
Asahi Kasei Corporation
Tosoh Corporation
Wanhua Chemical Group Co., Ltd.
Mitsui Chemicals Inc.
Vencorex Holding SA
Huntsman Corporation
Kuraray Co., Ltd.
Dow Inc.
Borealis AG
COIM Group
Purcom Quimica
Synthesia Technology Group
SWISSINSO SA

Global Bio-based Isocyanate Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Application:

Foams
Adhesives & Sealants
Paints & Coatings

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Bio-based Isocyanate Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Bio-based Isocyanate Market Forces Analysis

3.1. Market Forces Shaping The Global Bio-based Isocyanate Market (2024-2035)
3.2. Drivers
- 3.2.1. Increasing Environmental Regulations and Sustainability Initiatives
- 3.2.2. Growing Demand for Eco-friendly Polyurethane Materials
3.3. Restraints
- 3.3.1. High Production Costs of Bio-based Feedstocks
- 3.3.2. Limited Commercial-scale Production Facilities
3.4. Opportunities
- 3.4.1. Technological Advancements in Bio-based Production
- 3.4.2. Expansion of Emerging Markets and Green Building Trends

Chapter 4. Global Bio-based Isocyanate Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Forces Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Bio-based Isocyanate Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Bio-based Isocyanate Market Performance - Potential Analysis (2025)
5.3. Onshore
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Offshore
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Bio-based Isocyanate Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Bio-based Isocyanate Market Performance - Potential Analysis (2025)
6.3. Foams
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Adhesives & Sealants
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
6.5. Paints & Coatings
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Bio-based Isocyanate Market Size & Forecasts by Region 2025-2035

7.1. Bio-based Isocyanate Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Bio-based Isocyanate Market
- 7.3.1. U.S. Bio-based Isocyanate Market
  - 7.3.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada Bio-based Isocyanate Market
  - 7.3.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.4. Europe Bio-based Isocyanate Market
- 7.4.1. UK Bio-based Isocyanate Market
  - 7.4.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany Bio-based Isocyanate Market
  - 7.4.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.3. France Bio-based Isocyanate Market
  - 7.4.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.4. Spain Bio-based Isocyanate Market
  - 7.4.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.5. Italy Bio-based Isocyanate Market
  - 7.4.5.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.6. Rest of Europe Bio-based Isocyanate Market
  - 7.4.6.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.5. Asia Pacific Bio-based Isocyanate Market
- 7.5.1. China Bio-based Isocyanate Market
  - 7.5.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.2. India Bio-based Isocyanate Market
  - 7.5.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.3. Japan Bio-based Isocyanate Market
  - 7.5.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.4. Australia Bio-based Isocyanate Market
  - 7.5.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.5. South Korea Bio-based Isocyanate Market
  - 7.5.5.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.6. Rest of APAC Bio-based Isocyanate Market
  - 7.5.6.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.6. Latin America Bio-based Isocyanate Market
- 7.6.1. Brazil Bio-based Isocyanate Market
  - 7.6.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.6.2. Mexico Bio-based Isocyanate Market
  - 7.6.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.7. Middle East and Africa Bio-based Isocyanate Market
- 7.7.1. UAE Bio-based Isocyanate Market
  - 7.7.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) Bio-based Isocyanate Market
  - 7.7.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.3. South Africa Bio-based Isocyanate Market
  - 7.7.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.3.2. Application Breakdown Size & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. BASF SE
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Covestro AG
8.4. Asahi Kasei Corporation
8.5. Tosoh Corporation
8.6. Wanhua Chemical Group Co., Ltd.
8.7. Mitsui Chemicals Inc.
8.8. Vencorex Holding SA
8.9. Huntsman Corporation
8.10. Kuraray Co., Ltd.
8.11. Dow Inc.
8.12. Borealis AG
8.13. COIM Group
8.14. Purcom Quimica
8.15. Synthesia Technology Group
8.16. SWISSINSO SA