FEATURED COMPANIES
- 3M Company.
- BASF SE
- Bayer CropScience Limited
- Covestro AG
- DuPont
- Mitsui Chemicals
Increasing consumption of polyurethane elastomers in various end-use industries due to features such as easy processing, versatility, stability, and superior mechanical properties is a key factor driving market revenue growth.
Market Size - USD 14.97 Billion in 2020, Market Growth - CAGR of 5.2%, Market Trends - Increasing investments and focus on production of bio-based polyurethane elastomers to comply with regulations.
The global polyurethane elastomers market size is expected to reach USD 22.57 Billion in 2028, and register a CAGR of 5.2% during the forecast period. The global polyurethane elastomers market growth can be primarily attributed to growing population globally, and rising disposable income, particularly in developing countries. These factors have a direct impact on growth of construction activities, automobile sales, and footwear sales. Thus, increasing consumption of polyurethanes in aforementioned industries is driving market growth.
Fluctuating prices of crude oil could hamper market growth to a certain extent. However, increasing focus of major players on manufacturing bio-based polyurethane elastomers is expected to create revenue opportunities, thereby driving growth of the global polyurethane elastomers market in the years to come.
Some Key Findings From the Report:
For the purpose of market study, the publisher has segmented the market on the basis of additive, type, application, and region:
Additive Outlook
Type Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 14.97 Billion in 2020, Market Growth - CAGR of 5.2%, Market Trends - Increasing investments and focus on production of bio-based polyurethane elastomers to comply with regulations.
The global polyurethane elastomers market size is expected to reach USD 22.57 Billion in 2028, and register a CAGR of 5.2% during the forecast period. The global polyurethane elastomers market growth can be primarily attributed to growing population globally, and rising disposable income, particularly in developing countries. These factors have a direct impact on growth of construction activities, automobile sales, and footwear sales. Thus, increasing consumption of polyurethanes in aforementioned industries is driving market growth.
Fluctuating prices of crude oil could hamper market growth to a certain extent. However, increasing focus of major players on manufacturing bio-based polyurethane elastomers is expected to create revenue opportunities, thereby driving growth of the global polyurethane elastomers market in the years to come.
Some Key Findings From the Report:
- Among the type segments, the thermoset-polyurethane elastomers segment accounted for major revenue share in 2020.
- Among the additives segments, the pigment additives segment accounted for major revenue share in 2020.
- Among the application segments, the automotive & transportation segment is expected to register a robust revenue CAGR during the forecast period.
- The Asia Pacific market accounted for major revenue share in 2020, due to constantly growing automotive industry, coupled with growing associated polymer requirement for various applications in the automotive industry.
- The Europe market accounted for substantially large revenue share in 2020, due to presence of major automotive manufacturers in European countries.
- Companies profiled in the report include BASF SE, DuPont, Mitsui Chemicals, Bayer CropScience Limited, Covestro AG, Huntsman International LLC, Accella Polyurethane Systems LLC, P+S Polyurethan-Elastomere GmbH & Co.KG, and 3M Company. Major players have invested in R&D activities to develop new techniques that aid in decreasing manufacturing costs and produce enhanced products with improved features. Increasing R&D expenditure is a significant trend being observed by the global market in recent years. Therefore, to keep a competitive edge and a expand customer base, the manufacturers have been heavily focusing on innovations and developments.
For the purpose of market study, the publisher has segmented the market on the basis of additive, type, application, and region:
Additive Outlook
- Pigments
- Blowing agents
- Fillers
- Smoke Retardants
- Flame Retardants
Type Outlook
- Thermoset Polyurethane Elastomers
- Thermoplastic Polyurethane Elastomers
Application Outlook
- Footwear
- Automotive & Transportation
- Industrial Machinery
- Building & Construction
- Adhesives & Sealants
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Polyurethane Elastomers Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Polyurethane Elastomers Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
FEATURED COMPANIES
- 3M Company.
- BASF SE
- Bayer CropScience Limited
- Covestro AG
- DuPont
- Mitsui Chemicals
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Polyurethane Elastomers Market Segmentation & Impact Analysis
Chapter 5. Polyurethane Elastomers Market By Additives Insights & Trends
Chapter 6. Polyurethane Elastomers Market By Type Insights & Trends
Chapter 7. Polyurethane Elastomers Market By Application Insights & Trends
Chapter 8. Polyurethane Elastomers Market By Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
- BASF SE
- DuPont
- Mitsui Chemicals
- Bayer CropScience Limited
- Covestro AG
- Huntsman International LLC
- Accella Polyurethane Systems LLC
- P+S Polyurethan-Elastomere GmbH & Co.KG
- 3M Company.
