Global Polyurethane Elastomers Market Size was valued nearly USD 12,360 million by 2017 and is estimated to reach up to USD xx.xx million by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.4% during the forecast period, i.e. 2017-2025. Polyurethane elastomers are produced from polyurethane. It is derived from the reaction between isocyanate molecule and polyol. Polyurethane elastomer is a material of polyurethane that possesses properties of a rubber. It has features such as resistance to abrasion tear strength, resistance to chemicals (oil, gas), load resistance, oxidation resistance, transparency, and adhesiveness. Polyurethane is most commonly used as rigid foam insulation panes in cars or buildings, as cellular foam in furniture’s and mattresses, etc.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Market Dynamics

Polyurethane Elastomers Market was valued USD 12,360 million in the year 2017, at a growth rate of 5.4% during the forecast period. The polyurethane elastomers market has witnessed growth owing to the superior properties of polyurethane elastomers, such as heat resistance, weathering and ozone resistance, flexibility, durability, huge variety, and chemical resistance. The excellent property of polyurethane (PU) elastomers as compared to standard elastomers, metals, and rubbers propels the global polyurethane elastomers market. Additionally, increasing demand from the footwear industry in Asia-Pacific region also one of the major factors driving the growth of market.  However, hazardous impact on human health and environment, and stringent emission regulation are the major factors expected hamper the market growth during the analysis period.

Segment Analysis                                                                                                 

On the basis of type, the market is bifurcated into thermoset polyurethane elastomers and thermoplastic polyurethane (TPU) elastomers. Thermoset polyurethane elastomers have superior properties such as high structural integrity and heat resistance as compared to thermoplastic polyurethane (TPU). Thermoset polyurethane elastomers are known for their high impact strength, high resilience, and high load bearing capacity, excellent resistance to oil and grease, and excellent abrasion resistance. These properties are one of the key reasons, that they offer the opportunity to be utilized as per the requirement of specific applications such as automotive & transportation, footwear, and building & construction.

On the basis of end-use industry, the market is classified into footwear, automotive & transportation, industrial machinery, and building & construction. Polyurethane (PU) elastomers are significantly utilized in the footwear application for a best combination of ergonomics, microclimate, and sensation to deliver comfortable experience to consumers. High abrasion resistance, light weight is ideal property for hardwearing shoe soles. Additionally, the surge in demand for polyurethane elastomers is in response to its physical characteristics, such as enhanced resiliency, excellent mechanical strength, resistance to heat, lower shrinkage, superior filler capacity, durability and softness,. Low-density compact polyurethane (PU) elastomer is used specifically for mid-soles and outer soles.

Regional Analysis

By region the polyurethane elastomers market is classified into North America, Europe, Asia-Pacific, and LAMEA.  Asia-Pacific (APAC) is expected to lead the polyurethane elastomers market due to the rising demand for polyurethane (PU) elastomers from the footwear, automotive, and transportation industries. Europe is anticipated to be the second-largest consumer of polyurethane (PU) elastomers. Germany is one of the significant countries for automotive industry across the globe. Expansion in the automotive industry has led to an upsurge in demand for polyurethane elastomers. In addition, rapid growth in automotive and electronics industries in Asia-Pacific is projected to fuel the polyurethane elastomers market. Rise in demand for durable and impact resistant materials in automotive and electronic applications is anticipated to be one of the major drivers of the polyurethane elastomer market in the Asia-Pacific region.

Global Polyurethane Elastomers Market Size, Share Analysis By Region 2017

Polyurethane Elastomers Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Polyurethane Elastomers Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in polyurethane elastomers market are included as primary sources of the supply side.

After performing comprehensive engineering of polyurethane elastomers market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Players

Key players of global polyurethane elastomers market are BASF SE, The Dow Chemical Company, Huntsman International LLC, Covestro AG, and Mitsui Chemicals, Inc., Chemtura Corporation, The Lubrizol Corporation, Tosoh Corporation, and Wanhua Chemical Group Co., Ltd.  Other company in the value chain includes Coim Group, Headway Group, Inoac Corporation, Accella Polyurethane Systems, Trelleborg, Reckli, Herikon, Cellular Mouldings, Blackwell Plastics, RTP Company, and ERA Polymers.

Global Polyurethane Elastomers Market Study Report Offer You!

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