The bio-based polyurethane industry has captured $34.8 million revenue, and it is projected to generate $63.3 million revenue, rising at a rate of 6.9% from 2021 to 2030. It is attributed to massive applications of polymer, such as biomedical, footwear, packaging, and transportation. 

Synthetic polyurethane materials are poisonous and non-biodegradable. They utilize petrochemical-based raw materials, which is currently exhausting, and thus results in surging polyurethane production costs. The bio-based variant has better properties compared to petroleum-based polyurethanes, including tensile strength, high compressive strength, water absorption, and bending strength. 

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Furthermore, several properties of the polymer, including corrosion and chemical resistance, strong adhesion, low-temperature stability, flexibility, and chemical structure adaptability play a prominent role in population explosion among researchers. 

Additionally, plastics help in achieving sustainability and reducing waste and thus support meeting environmental goals.

Moreover, the flexible form can be developed with any level of firmness, and in any shape. In the automotive industry, these are molded for their usage in car seats. Other major applications include seats for recreational vehicles and office furniture. 

Furthermore, rigid foam holds the major industry share, as it is majorly used in the insulation of buildings, appliances, and doors. 

Additionally, the medical application of tailored two-component polyurethane adhesive includes attaching polyvinyl chloride to aluminum sheets. Furthermore, the hot-melt polyurethane is massively suitable for wrapping applications, ascribed to low application temperature, and low viscosity. 

APAC captures more than 35% of the industry revenue share, and it is projected to retain its dominance in the coming future. It is attributed to the rising demand for materials in the construction, automotive, consumer goods, and packaging industries in various countries. 

Therefore, rising footwear application fuels the demand for the bio-based polyurethane industry.