Bulletin Updates

Bio-based elastomer to touch $1.9 billion by 2033 – 24 Feb 2023

Feb 24, 2023

The advantages of bio-based elastomers over crude oil-based elastomers are in terms of lower volatile organic compound emissions. The global bio-based elastomers market is expected to be worth $513 million in 2023 and $1,901.8 million by 2033. Over the projection period of 2023 to 2033, the predicted growth rate is about 14%.

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