Bio-based Elastomers Market Size Is Projected To Reach USD 1.3 Billion By 2030
San Francisco, 24 July 2023: The Report Bio-based Elastomers Market Size, Share & Trends Analysis Report By Product (Bio-based Thermoplastic, Bio-based Thermoset), By Application (Automotive, Footwear, Sports, Electrical & Electronics), By Region, And Segment Forecasts, 2022 - 2030 The global bio-based elastomers market size is expected to reach USD 1.3 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.9% from 2022 to 2030. 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. End-use companies in the elastomer market are also including sustainable materials in their product manufacturing, which can significantly impact the market growth. For instance, in January 2022, The Goodyear Tire & Ru