PU (Polyurethane) Elastomer Market
PU (Polyurethane) Elastomer Market

PU (Polyurethane) Elastomer Market Size, Share, Growth, Demand, Key Manufacturers Analysis and Forecasts to 2025

Polyurethane is a polymer developed of organic units connected by urethane link. Polyurethanes are created from the exothermic reactions between alcohols with two or more reactive hydroxyl groups per molecule and isocyanate that have more than one reactive isocyanate per molecule. Polyurethane elastomers are artificial or synthetic rubbers that are made of polymers. The polyurethane elastomers are deeply classified into thermosetting elastomers and thermoplastic elastomer. Majority of the polyurethane elastomers in the market are based on thermosetting polymers. The advantageous properties of polyurethane elastomer are its high efficiency, light weight and impact resistance. Mostly polyurethane is used in manufacturing of gaskets and foam seals, coaster, elevator, surface coatings, suspense coating and automotive industry and building and construction company.

Segmentation: Global PU (Polyurethane) Elastomer Market

Global PU (Polyurethane) Elastomer Market, By Product Type (Thermoset Polyurethane Elastomers, TPU(Thermoplastic polyurethane) Elastomers), Additives (Pigments, Blowing agents, fillers, Smoke Retardants, Flame Retardants), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025

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Market Analysis: Global PU (Polyurethane) Elastomer Market

The Global PU (Polyurethane) Elastomer Market is expected to reach USD 17.13 million by 2025, from USD 12.42 million in 2017 growing at a CAGR of 6.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Key Market Competitors: Global PU (Polyurethane) Elastomer Market

The key players operating in the global PU elastomer market are –

  • Wanhua Chemical Group Co.,Ltd
  • Tosoh Corporation
  • The Lubrizol Corporation

The other players in the market are Mitsui Chemicals, Inc,  Covestro AG , Huntsman International LLC, The Dow Chemical Company. , BASF SE, BSW Berleburger Schaumstoffwerk GmbH , DuPont, Bayer CropScience Limited , P+S Polyurethan-Elastomere GmbH & Co. KG, Accella Polyurethane Systems, 3M, among other.

Polyurethane is a polymer developed of organic units connected by urethane link. Polyurethanes are created from the exothermic reactions between alcohols with two or more reactive hydroxyl groups per molecule and isocyanate that have more than one reactive isocyanate per molecule. Polyurethane elastomers are artificial or synthetic rubbers that are made of polymers. The polyurethane elastomers are deeply classified into thermosetting elastomers and thermoplastic elastomer. Majority of the polyurethane elastomers in the market are based on thermosetting polymers. The advantageous properties of polyurethane elastomer are its high efficiency, light weight and impact resistance. Mostly polyurethane is used in manufacturing of gaskets and foam seals, coaster, elevator, surface coatings, suspense coating and automotive industry and building and construction company.

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Market Drivers:

  • Raising demand of acrylic monomers in hygienic products, detergents, and waste water treatment chemicals.
  • Utilization of acrylate monomers for the improvement of operational efficiency for water based coatings.
  • Major revenue contributor in the field of paints & coatings and adhesives & sealants industry.

Market Restraint:

  • Lower load capacities, which leads to lack of resistance in temperature and salts.
  • In European chemical industry, the demand of butyl acrylate monomers decreased due to some unpredictable reasons.

Competitive Landscape: Global PU (Polyurethane) Elastomer Market

The global PU(Polyurethane) elastomer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes global PU(Polyurethane) elastomer market shares of  for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Governments across the globe are investing significantly in the development of pipeline infrastructure in developing countries such as India, China, and Brazil.

In 2014, Tosoh Corporation merged with Nippon Polyurethane Industry Co., Ltd. where its generated the efficiency in the integrated supply network.

Key Insights in the report:

  • Historical and current market size and projection up to 2025.
  • Market trends impacting the growth of the global PU elastomer market.
  • Analyze and forecast elastomeric foam market on the basis of product, additives and application
  • Trends of key regional and country-level markets for product, additives and application Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.

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Purview of the report

  1. To analyze the market size of the market and infer the key trends from it.
  2. Industry Chain Suppliers of Global PU (Polyurethane) Elastomer Market with Contact Information
  3. To inspect the market based on product, market share and size of the product share.
  4. The various opportunities in the market.
  5. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global PU (Polyurethane) Elastomer Market
About Data Bridge Market Research 8606 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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