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Polyurethane Elastomers Market (2021-2026)

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  • 132 Pages
  • January 2021
  • Region: Global
  • IndustryARC
  • ID: 3339427

Polyurethane Elastomers Market Overview:

Polyurethane elastomers find application in various fields and are preferred due to their durability, flexibility, toughness, load strength, abrasion resistance, and chemical resistance. The Asia-Pacific region is the largest shareholder in the market for Polyurethane Elastomers followed by America. The Polyurethane Elastomer Market is estimated to be worth around $22 billion by 2023. The market is expected to grow at a CAGR of 4.7% during the forecast period from 2018 to 2023. China was the highest importer of Polyurethane while Germany was the Lead exporter of polyurethane in its primary forms.

Polyurethane Elastomers Market Outlook:

Polyurethane Elastomers are rubber like materials that are manufactured by the reaction of Isocyanates with hydroxyl group in the Polyols (alcohol) to which a curative agent is added which forms the links between the polymer strands thus curing the polyurethane elastomer. The major Isocyanates used are either Toluene Diisocyanate (TDI) or Methy-diphenly Diisocyanate (MDI) and the Polyols are of either Polyether or Polyester. There are various additives that are added to these elastomers during their processing to enhance certain properties for specific applications and to reduce costs. Polyurethane elastomers are used in various industries, some common application include: insulation panels, wires and cable insulation, tires, conveyor belts, films and sheets interior and exterior automotive parts, sealants, adhesives, coatings, blocks and many more.

Polyurethane Elastomers Market Growth drivers:

Major Growth driver for the Polyurethane Market is the increasing global population and increase in disposable income per household. The global increase in both these factors affect the automotive, construction and footwear industry, increasing their demand which in turn directly increases the demand for polyurethanes in their applications.

The versatility, durability, ease of processing and mechanical properties of polyurethane itself is also a growth driver for the polyurethane elastomer market due to which it is the predominant choice of material in various industries.

Polyurethane Elastomers Market Challenges:

The most widely used raw materials for the production of Polyurethane are TDI, MDI and 1, 4 Butanediol are all derivatives of crude oil. The increasing prices of crude oil and the general volatility that is observed in the prices of crude oil are a major deterrent for the market. MOCA which is the most used chemical as a curative for polyurethane manufacturing is also facing regulatory backlash in the EU region due to which alternative will have to be considered, none of which perform as well a MOCA.

Another major challenge that comes with the use of Polyurethane elastomer is its environmental impact. Polyurethane Elastomers are not bio-degradable and hence their disposition adds to the surmounting plastic pollution globally.

Polyurethane Elastomers Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Polyurethane Elastomers Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

Polyurethane Elastomers (SAP) Market Report: Industry Coverage

Polyurethane Elastomers Market- By Type: Liquids: Prepolymers, One-Shot Systems; Thermoplastic Elastomer, Millable Rubber and others.

Polyurethane Elastomers Market- By Processing Methods: Casting, Thermosetting, Calendering, Molding, Melt Processing, Extrusion, Spreading, Solution Techniques and others.

Polyurethane Elastomers Market- By Raw Material: Isocyanates, Polyols and Curatives.

Polyurethane Elastomers Market- By Additives: Pigments, Flame Retardants, Smoke Retardants, Fillers, Degassing Aids, Plasticizers, Catalysts, Antioxidants/ UV Stabilizers, Anti-static Agents and others.

Polyurethane Elastomers Market- By Applications: Wires and Cables, Conveyor belt, Rollers, Tires, Seals, Sprockets, Shock Absorbers, Bumpers, Insulation, Blocks, Tubes, Films and Screens, Artificial Leather, Technical Parts and others.

Polyurethane Elastomers Market - By End User Industry: Automotive Industry, Food and Beverage Industry, Packaging Industry, Aerospace and Aviation Industry, Manufacturing Industries, Construction industry, Fashion and Footwear Industry, Electronics and Electrical Industry, Oil and Gas Industry and others.

The Polyurethane Elastomers Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Polyurethane Elastomers Market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: Covestro, BASF, Dow DuPont, Huntsman Corporation, Chemtura, American Urethanes, Sinopec, Lyondellbasell industries, Galagher corp., Argonics and many more.

Market Research and Market Trends of Polyurethane Elastomers Market

  • Key players in the market are expanding their polyurethane production capacities such as BASF and COIM so as to maintain supply for the growing demand for polyurethane elastomers and polyurethane material in general.
  • 4, 4-methylenebis 2-chloroaniline, also known as MOCA, is one the widely used curatives in the processing of polyurethane elastomers. Due to actions taken by the REACH regulatory body in the EU, MOCA has been put under a strict ban due to its toxic nature and its link to cancer. This has led to the slow phase out of MOCA and innovative solutions for alternative curing agents.
  • Another increasing trend that is seen in the market is the increase in production of polyurethane from bio-based raw material rather than crude oil based chemicals due to the volatility of crude oil price. This reduces the dependency from crude oil prices thus providing renewable and alternative sources for the production of polyurethane while at the same time reducing the impact on pollution as well.

Table of Contents

1. Polyurethane Elastomers Market Overview
1.1. Market Overview
2. Polyurethane Elastomers Market Executive Summary
2.1. Market Volume
2.2. Market Revenue
3. Polyurethane Elastomers Market Landscape
3.1. Market Share Analysis
3.2. Patent Analysis
3.3. Financial Analysis
5. Polyurethane Elastomers Market Forces
5.1. Drivers - Impact Analysis
5.2. Constraints & Challenges - Impact Analysis
5.3. Opportunity Analysis
5.4. Porter’s Five Forces
6. Polyurethane Elastomers Market Strategic Analysis
6.1. Value Chain Analysis
6.2. Pricing Analysis
7. Polyurethane Elastomers Market - By Type
7.1. Cast Polymers
7.2. Thermoplastic
8. Polyurethane Elastomers Market - By Process
8.1. Casting
8.1.1. Hot Cast
8.1.2. Cold Cast
8.1.3. Others
8.2. Injection Molding
8.3. Extrusion
8.4. Others
9. Polyurethane Elastomers Market - By Raw Material
9.1. Isocyanates
9.1.1. Toluene Diisocyanate
9.1.2. Methylene Diphenyl Diisocyanate
9.1.3. Paraphenylene Diisocyanate
9.1.4. 1,5 Naphtylene Diisocyanate
9.1.5. Others
9.2. Polyols
9.2.1. Polyether
9.2.2. Polyester
10. Polyurethane Elastomers Market - By Additives
10.1. Fillers
10.2. Flame Retardants
10.3. Pigments
10.4. Others
11. Polyurethane Elastomers Market - By Applications
11.1. Automotive
11.1.1. Interior
11.1.2. Exterior
11.2. Construction
11.3. Furniture
11.4. Footwear
11.5. Industrial Machinery
11.5.1. Conveyor Belts
11.5.2. Others
11.6. Oil & Gas
11.7. Mining
11.8. Textile
11.9. Packaging
11.10. Medical
11.11. Sports & Leisure
11.12. Renewable Energy
11.13. Electronics
11.14. Others
12. Polyurethane Elastomers Market - By Geography
12.1. North America
12.1.1. US
12.1.2. Canada
12.1.3. Mexico
12.2. South America
12.2.1. Brazil
12.2.2. Argentina
12.2.3. Colombia
12.2.4. Rest of South America
12.3. Europe
12.3.1. U.K.
12.3.2. Germany
12.3.3. Italy
12.3.4. France
12.3.5. Russia
12.3.6. Rest of Europe
12.4. APAC
12.4.1. China
12.4.2. India
12.4.3. Japan
12.4.4. South Korea
12.4.5. Australia
12.4.6. Rest of APAC
12.5. ROW
12.5.1. Middle East
12.5.2. Africa
13. Polyurethane Elastomers Market Company Profiles
13.1. BASF SE
13.1.1. Business Overview
13.1.2. Business Segments
13.1.3. Product Portfolio
13.1.4. Financials
13.1.5. Developments
13.2. Chemtura Corporation (Lanxess AG)
13.2.1. Business Overview
13.2.2. Business Segments
13.2.3. Product Portfolio
13.2.4. Financials
13.2.5. Developments
13.3. Tosoh Corporation
13.3.1. Business Overview
13.3.2. Business Segments
13.3.3. Product Portfolio
13.3.4. Financials
13.4. Kuraray Co., Ltd.
13.4.1. Business Overview
13.4.2. Business Segments
13.4.3. Product Portfolio
13.4.4. Financials
13.4.5. Developments
13.5. Wanhua Chemical Group Co., LTD.
13.5.1. Business Overview
13.5.2. Business Segments
13.5.3. Product Portfolio
13.5.4. Financials
13.6. Era Polymers PTY Ltd
13.6.1. Business Overview
13.6.2. Business Segments
13.6.3. Product Portfolio
13.7. Lubrizol
13.7.1. Business Overview
13.7.2. Business Segments
13.7.3. Product Portfolio
13.7.4. Financials
13.7.5. Developments
13.8. Trelleborg AB
13.8.1. Business Overview
13.8.2. Business Segments
13.8.3. Product Portfolio
13.8.4. Financials
13.9. Covestro AG
13.9.1. Business Overview
13.9.2. Business Segments
13.9.3. Product portfolio
13.9.4. Financials
13.9.5. Developments
13.10. Huntsman Corporation
13.10.1. Business Overview
13.10.2. Business Segments
13.10.3. Product portfolio
13.10.4. Financials
13.10.5. Developments