Bio-based Elastomers

Global Bio-based Elastomers Market to Reach US$1.4 Billion by 2030

The global market for Bio-based Elastomers estimated at US$625.8 Million in the year 2024, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 14.5% over the analysis period 2024-2030. Bio-based Thermoplastic Elastomers, one of the segments analyzed in the report, is expected to record a 16.8% CAGR and reach US$903.2 Million by the end of the analysis period. Growth in the Bio-based Thermoset Elastomers segment is estimated at 11.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$164.5 Million While China is Forecast to Grow at 13.5% CAGR

The Bio-based Elastomers market in the U.S. is estimated at US$164.5 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$216.7 Million by the year 2030 trailing a CAGR of 13.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 13.7% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

Global Bio-based Elastomers Market - Key Trends & Drivers Summarized

Why Are Bio-based Elastomers Gaining Traction Across Industries?

The increasing demand for sustainable and eco-friendly materials is driving the adoption of bio-based elastomers across multiple industries. Traditional elastomers, derived from petroleum-based sources, pose significant environmental concerns due to their non-biodegradable nature and carbon-intensive production process. In contrast, bio-based elastomers, sourced from renewable feedstocks such as plant oils, natural rubber, and bio-based polymers, offer a sustainable alternative with reduced carbon footprints. The automotive sector is one of the primary adopters, integrating bio-based elastomers in tires, seals, and gaskets to improve sustainability without compromising performance. Additionally, regulatory pressure from global environmental agencies, such as the European Union’s Green Deal and the U.S. Environmental Protection Agency (EPA), is encouraging industries to shift towards bio-based alternatives. The push for a circular economy and corporate sustainability commitments further reinforce the role of bio-based elastomers in the future of materials science.

How Are Technological Innovations Driving the Bio-based Elastomers Market?

Technological advancements in material science are significantly enhancing the properties and applications of bio-based elastomers. Early bio-elastomer formulations faced limitations in durability and heat resistance, but continuous research and development efforts have led to the creation of high-performance alternatives. Innovations in polymer blending and nanotechnology have improved the mechanical strength, elasticity, and chemical resistance of bio-based elastomers, making them viable for high-stress applications. The emergence of bio-polyurethane, bio-EPDM, and bio-based thermoplastic elastomers (TPEs) has expanded their application scope beyond traditional uses, incorporating them into advanced sectors like aerospace, electronics, and medical devices. Additionally, advancements in biodegradable elastomers are paving the way for environmentally friendly disposal solutions, reducing long-term waste accumulation. As the industry continues to innovate, bio-based elastomers are expected to bridge the performance gap with synthetic counterparts, accelerating their market adoption across various sectors.

What Market Trends Are Shaping the Growth of Bio-based Elastomers?

Several key trends are driving the rapid expansion of the bio-based elastomers market. The rise in electric vehicles (EVs) and the push for lightweight, high-performance materials have spurred interest in bio-based elastomers, as they offer superior energy efficiency and sustainability benefits. The footwear industry is also embracing bio-elastomers, leveraging their flexibility and durability in eco-conscious shoe production. Consumer preferences for green products are influencing companies to integrate bio-based elastomers into everyday items such as flexible packaging, sports equipment, and wearable electronics. Additionally, the Asia-Pacific region, particularly China, Japan, and India, is witnessing a surge in demand for bio-based materials, driven by rapid industrialization and stringent environmental regulations. The increasing collaboration between raw material suppliers, manufacturers, and research institutions is further accelerating innovation and commercialization of bio-based elastomers. As consumer awareness and regulatory frameworks evolve, the demand for sustainable elastomer solutions is expected to grow exponentially in the coming years.

What Are the Key Drivers Fueling the Growth of the Bio-based Elastomers Market?

The growth in the bio-based elastomers market is driven by several factors, including advancements in sustainable polymer technology, rising regulatory support, and increasing industrial applications. The automotive industry’s shift toward green materials is a major catalyst, as manufacturers seek bio-based elastomers for vehicle interiors, under-the-hood components, and tire compositions. Additionally, the medical sector is adopting bio-based elastomers in biocompatible and disposable medical devices, benefiting from their non-toxic and biodegradable properties. The packaging industry is also contributing to market growth, with bio-based elastomers being used in sustainable, flexible packaging solutions. Furthermore, the fluctuating prices of petroleum-based raw materials and the growing investment in bio-refineries are pushing industries to explore renewable alternatives. As companies strive to reduce carbon emissions and enhance material efficiency, bio-based elastomers are expected to witness substantial adoption, solidifying their role in the global shift toward sustainable materials.

SCOPE OF STUDY:

The report analyzes the Bio-based Elastomers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Bio-based Thermoplastic Elastomers, Bio-based Thermoset Elastomers); Application (Automotive Application, Footwear Application, Sports Application, Electrical and Electronics Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 36 Featured) -

• Arkema Group
• Armstrong Industrial Corporation Limited
• Asahi Kasei Chemicals Corporation
• Avient Corporation
• BASF SE
• Covestro AG
• Dow, Inc.
• FKuR Kunststoff GmbH
• HEXPOL TPE AB
• Huntsman International LLC
• KRAIBURG TPE GmbH & Co. KG
• Kuraray Co., Ltd. Elastomer Division
• NaturePlast SAS
• Trinseo Plc
• Wacker Chemie AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
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EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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