Global polyurethane elastomers market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the excellent properties of PU elastomers such as heat resistance, aging resistance, huge variety, flexibility, durability, and chemical resistance. Besides, rising demand from the automotive industry, footwear and transportation industries are driving the global polyurethane elastomers market during the forecast period. Additionally, the availability of varied polyurethane elastomeric coating membranes with waterproofing, chemical and UV resistance coupled with strong focus of government on reducing the use of fossil raw materials are some of the factors positively influencing the growth of the global polyurethane elastomers market. Moreover, accelerating auto manufacturing activities and growing popularity of polyurethane elastomers in the footwear industry are accelerating the market growth. Furthermore, increasing demand for bio-based polyurethane products, owing to growing environmental concerns is expected to boost the market growth in the coming years.
The global polyurethane elastomers market is segmented on the basis of type, application, and region. Based on type, the market has been categorised into thermoset polyurethane elastomer and thermoplastic polyurethane elastomer. The thermoset polyurethane elastomers dominated the market in 2021 and is expected to maintain its dominance over the next five years as well due to its various properties like high impact strength, greater load bearing capacity, excellent resistance to oil and grease, and high resilience. Owing to these properties they are used in specific applications such as automotive & transportation, footwear, and building & construction.
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Some of the leading players in the global polyurethane elastomers market are The Dow Chemical Company, BASF, Covestro, Lubrizol, P+S Polyurethan-Elastomere, Tosoh, Wanhua Chemical, Huntsman, Trelleborg, Blackwell Plastics, etc.
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Attribute
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Details
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, CAGR for
2017-2021 and 2022-2027
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Report coverage
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Revenue Forecast, Volume Forecast, Company
Share, Competitive Landscape, Growth Factors, And Trends
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Segments covered
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By Type
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By Application
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Region scope
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Asia Pacific; Europe & CIS; North
America; South America; Middle East & Africa
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Country scope
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China, India, Japan, South Korea, Australia, Singapore,
Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico,
Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar
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Key companies profiled
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The Dow Chemical Company, BASF,
Covestro, Lubrizol, P+S Polyurethan-Elastomere, Tosoh, Wanhua Chemical,
Huntsman, Trelleborg, Blackwell Plastics
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Customization scope
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10% free report customization with purchase.
Addition or alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the
editable version of the report in PPT/Word format on special request)
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