Have to like the names in this list....
Competitive Insights
Global bio-based PU market is still in its infancy with limited number of manufacturers. Major companies operating in the market have patented their technologies and have collaborated with bio-technology companies for manufacturing bio-based polyols to further process into polyurethanes. Recent developments such as Lubrizol’s acquisition of Merquinsa’s bio-based TPU portfolio and joint venture of BASF and Purac for the production of bio-based succinic acid have been witnessed in global bio-based polyurethane market. BASF collaborated with Ford Motors and formed an OEM for long term supply of castor oil based PU foams. Other significant players operating in bio-based polyurethane market include The Dow Chemical Company, Mitsui Chemicals, Rampf Ecosystems, Johnson Controls Inc., Biobased Technologies, Rhino Linings and Hitachi Chemical Company.
