Polyurethane Elastomers Market Size And Forecast

Polyurethane Elastomers Market size was valued at USD 17.42 Billion in 2024 and is projected to reach USD 27.56 Billion by 2031, growing at a CAGR of 5.90% from 2024 to 2031.

The growing automotive industry across the globe, especially in emerging countries, and growing concern regarding carbon and greenhouse gases in the environment, are driving the growth of the Polyurethane Elastomers Market. The Global Polyurethane Elastomers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.

Global Polyurethane Elastomers Market Definition

The elastomeric qualities of polyurethane elastomers are based on polyols, diisocyanates, and extenders. These elastomers are processed using injection, extrusion, blow, as well as compression molding machinery. They can also be vacuum-formed or solution-coated, and the machinery is suitable for a wide range of fabrication techniques. The elastomers can be formed into almost any shape, are lighter than metal, provide superior stress recovery, and can be resistant to a variety of environmental factors.

It offers a wide range of physical property combinations, making it a very adaptable substance suitable for a wide range of applications, including the production of footwear soles, tire fill products, seals, gaskets, run-flat tires, truck bed liners, agitators, bearing, pulley, and belts. A long-chain polymer made of big molecules to create long chains is called an . These chains are easily reconfigurable among themselves. So, let the elastomers go back to where they came from. The urethane group can be found in organic polymers called . Polyols (-OH group) and (-NCO group) react to produce polyurethane.

Linear polyurethanes, Castable polyurethanes, Millable polyurethanes, Thermoplastic polyurethanes, Cellular polyurethanes, Sprayable polyurethanes, Porometric polyurethanes, and fibers are among the several forms of polyurethanes. The types of isocyanate and polyol have an impact on the properties and traits of polyurethanes. The most popular applications for polyurethane in the automotive industry include rigid foam insulation panes in vehicles or structures, cellular foam in furniture and mattresses, and foam in shoe soles.

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Global Polyurethane Elastomers Market Overview

The growth of the automotive industry, a significant consumer of polyurethane elastomers, in emerging markets is anticipated to support the expansion of the Global Polyurethane Elastomers Market. Additionally, there is an increased need for high-performance plastic due to concerns over fuel efficiency and safety while driving cars. As a result, the demand for lighter vehicles to cut down on petrol emissions and enhance fuel efficiency is increasing, which is fueling the rise of polyurethane elastomers.

Additionally, the resurgence of the and rising demand for polyurethane elastomers in the industry are boosting the growth of the market. People are increasingly gravitating towards shoes for everyday occasions, athletics, and for casual purposes. The Global Polyurethane Elastomers Market is now encountering difficulties due to fluctuating crude oil costs, which are expected to restrain market growth.

Despite these challenges, the growing popularity of bio-based polyurethane elastomers is predicted to create profitable prospects for the global market for polyurethane elastomers. Furthermore, the industry is anticipated to have tremendous market expansion as a result of the government’s strict laws to limit carbon dioxide emissions in the environment.

Global Polyurethane Elastomers Market Segmentation Analysis

The Global Polyurethane Elastomers Market is Segmented on the basis of Raw Material, Application, End User Industry, And Geography.

Polyurethane Elastomers Market, By Raw Material

• Isocyanates
• Polyols
• Curatives

Based on Raw Material, the market is segmented into Isocyanates, Polyols, and Curatives. In the Isocynate segment, diisocyanate is used in the cast urethanes. Polyols are used in hot-cast urethanes.

Polyurethane Elastomers Market, By Application

• Wires and Cables
• Conveyor Belt
• Rollers
• Tires
• Seals
• Sprockets
• Shock Absorbers
• Bumpers
• Insulation
• Others

Based on Application, the market is segmented into Wires and Cables, Conveyor Belt, Rollers, Tires, Seals, Sprockets, Shock Absorbers, Bumpers, Insulation, 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
• Others

Based on End User Industry, the market is segmented into 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 automotive industry is expected to hold the largest share in the Global Polyurethane Elastomers Market as polyurethane elastomers are primarily used for manufacturing wheels, automotive suspension blushing, and many other parts of vehicles.

Polyurethane Elastomers Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of a Geographical Analysis, the Global Polyurethane Elastomers Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific is expected to hold a dominant position in the market due to growing end-use industries such as automobiles, electronics, buildings, and construction.

Key Players

The “Global Polyurethane Elastomers Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as BASF, The Dow Chemical Company, Huntsman, Covestro, Mitsui Chemicals, Chemtura Corporation, Lubrizol, P+S Polyurethan-Elastomere, Tosoh, and Wanhua Chemical.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Polyurethane Elastomers Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Polyurethane Elastomers Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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