Global bio-based elastomer market forecast at $1.9 billion by 2033
The global bio-based elastomers market is anticipated to hold a market value of US$ 513 Million in 2023 and US$ 1,901.8 Million by 2033. The projected growth rate is nearly 14% during the forecast period from 2023 to 2033. The benefits provided by bio-based elastomers over crude oil-based elastomers regarding volatile organic compounds emissions are expected to contribute to the growth of the market. Major crude oil-based elastomer manufacturers are extensively engaging in developing bio-based elastomers.
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