Bio-based Elastomers Market Size, Share, and Outlook, 2025 Report- By Product (Thermoplastic, Thermoset), By Application (Footwear, Automotive, Sports, Electrical & Electronics, Others), 2018-2032

Bio-based Elastomers Market Outlook

Bio-based Elastomers Market Size is forecast to reach $2577.5 Million in 2032 from $1097.9 Million in 2025, at an optimistic growth rate of 12.8% from 2025 to 2032. The robust Bio-based Elastomers Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Bio-based Elastomers Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Product (Thermoplastic, Thermoset), By Application (Footwear, Automotive, Sports, Electrical & Electronics, Others). Over 70 tables and charts showcase findings from our latest survey report on Bio-based Elastomers Markets.

Bio-based Elastomers Market Insights, 2025: Bio-Based Elastomers Market – Key Drivers and Opportunities

The bio-based elastomers market is experiencing notable growth as industries seek to adopt more sustainable materials. Traditionally derived from petroleum, elastomers are key components in various products, including tires, seals, gaskets, and industrial rubber goods. However, with increasing environmental concerns and a global push toward sustainability, bio-based elastomers made from renewable sources, such as plant-based feedstocks and biomass, are becoming increasingly attractive alternatives.

One of the key drivers of this market is the rising demand for sustainable and environmentally friendly materials across industries such as automotive, footwear, and consumer goods. Bio-based elastomers not only reduce reliance on fossil fuels but also help in reducing carbon emissions due to their sustainable production methods. The automotive sector, for instance, is a major contributor to the adoption of bio-based elastomers, as manufacturers strive to reduce the environmental footprint of their vehicles. Bio-based elastomers are being increasingly used in tire manufacturing, particularly with the shift towards eco-friendly tires that offer reduced rolling resistance and enhanced fuel efficiency.

Another significant driver is the increased regulatory pressure on industries to adopt more sustainable materials. With stricter regulations on the use of petroleum-based products and a global emphasis on green manufacturing processes, the bio-based elastomers market stands to benefit from the transition toward more eco-friendly alternatives. Government policies that promote renewable and biodegradable products are expected to further boost the demand for these elastomers.

The technological advancements in bio-based elastomer production also present significant opportunities for the market. New innovations in polymer chemistry are leading to the development of bio-based elastomers that can be used in a wider range of applications, such as footwear soles, automotive seals, and industrial belts, without compromising on performance or durability. As production technologies improve, the cost of bio-based elastomers is expected to decrease, making them more competitive with conventional elastomers.

Five Trends that will define global Bio-based Elastomers Market in 2025 and Beyond

A closer look at the multi-million global market for Bio-based Elastomers Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Bio-based Elastomers Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Bio-based Elastomers Industry?

The Bio-based Elastomers Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Bio-based Elastomers Market Segment Insights

The Bio-based Elastomers Industry presents strong offers across categories. The analytical report offers forecasts of Bio-based Elastomers Industry performance across segments and countries. Key segments in the industry include- By Product (Thermoplastic, Thermoset), By Application (Footwear, Automotive, Sports, Electrical & Electronics, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Bio-based Elastomers Market size outlook is provided for 22 countries across these regions.

Bio-based Elastomers Industry Value Chain

The chapter identifies potential companies and their operations across the global Bio-based Elastomers Industry ecosystem. It assists decision-makers in evaluating global Bio-based Elastomers Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Bio-based Elastomers Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Bio-based Elastomers Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Bio-based Elastomers Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Bio-based Elastomers Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Bio-based Elastomers Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Bio-based Elastomers Market Insights- Executives are most excited about opportunities for the US Bio-based Elastomers Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Bio-based Elastomers Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Bio-based Elastomers Market.

Latin American Bio-based Elastomers Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Bio-based Elastomers Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Bio-based Elastomers Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Bio-based Elastomers Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Bio-based Elastomers Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Arkema S.A., Arlanxeo, Asahi Kasei Corp, Avient Corp, BASF SE, Covestro AG, Dow Inc, DSM N.V., Eni S.p.A., FKuR Kunststoff GmbH, Hexpol TPE GmbH, Huntsman International LLC, Kuraray Co. Ltd, Mitsubishi Chemical Europe GmbH, The Goodyear Tire & Rubber Company, The Lubrizol Corp, Trinseo LLC, Wacker Chemie AG.

Bio-based Elastomers Market Scope and Segmentation

By Product

Thermoplastic

Thermoset

By Application

Footwear

Automotive

Sports

Electrical & Electronics

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Bio-based Elastomers Market Research-

Arkema S.A.

Arlanxeo

Asahi Kasei Corp

Avient Corp

BASF SE

Covestro AG

Dow Inc

DSM N.V.

Eni S.p.A.

FKuR Kunststoff GmbH

Hexpol TPE GmbH

Huntsman International LLC

Kuraray Co. Ltd

Mitsubishi Chemical Europe GmbH

The Goodyear Tire & Rubber Company

The Lubrizol Corp

Trinseo LLC

Wacker Chemie AG

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
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• Get an integrated understanding of the entire market ecosystem and companies.
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