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Polyurethane Elastomers Market is expected to reach USD 21 billion by 2023 | Key players include DuPont, BASF SE, VCM Polyurethanes Pvt. Ltd., the Dow Chemical Company, Huntsman International LLC and Covestro.
According to our research report, the Polyurethane Elastomer Market is estimated to be worth around $21 billion by 2023. The market is expected to grow at a CAGR of 4.5% during the forecast period from 2018 to 2023.
Polyurethane Elastomers Market Overview:
Polyurethane is a polymer composed of organic molecules. These elastomers are derived from the reaction between an isocyanate molecule and a molecule of multiple alcohol groups called polyols. The polyurethane elastomer is a class or polyurethane material that has the properties of a rubber. They have qualities such as plasticity, elasticity and resistance to abrasion and solvents. These are also called synthetic gums because they are made using other organic molecules.
Browse details of 120 numbers of pages research report developed on Polyurethane Elastomers Market @ https://www.researchcosmos.com/reports/polyurethane-elastomers-market-report-2017-global-industry-analysis-trends-and-market-overview/53515429
Polyurethane Elastomers Market Drivers and Restraints:
The rapid growth of the automotive and electronics industry worldwide is expected to boost the market for polyurethane elastomers. The growing demand for durable and impact resistant materials in automotive and electronic applications is considered one of the main drivers of the market. The health risk associated with the use of polyurethane elastomers is the only market restriction. They are mainly used in the manufacture of wheels, suspension bushes for automobiles and other parts of automotive products. In the electronics sector, they are used to form high resilience foam and insulation panels. These elastomers are used in elevators and other infrastructures in the construction sector. In addition, they are used to make caddies, hoses and sealants, and also in the surface coating process.
Polyurethane Elastomers Market Region Analysis:
From the geographical point of view, Asia Pacific dominated the world market for polyurethane elastomers. Population growth and rapid industrialization have led to growth in infrastructure projects. In addition, the increase in disposable income stimulates the automotive and electronics industries. North America also accounted for a significant portion of the polyurethane elastomer market in 2016. Growth in reconstruction activity has driven the market in the region. Europe is the third largest consumer of these elastomers in the world. The German car industry is one of the largest centers in the world. The expansion of the automotive industry has led to an increase in demand for polyurethane elastomers. The Middle East, Africa and Latin America had a small part of the market worldwide. However, it is expected that the market share of these regions will increase rapidly in the near future. It is expected that increased investment in regions for industrial growth will increase the demand for polyurethane elastomers.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/polyurethane-elastomers-market-report-2017-global-industry-analysis-trends-and-market-overview/53515429
Polyurethane Elastomers Market Key Players:
Some of the leading key players are DuPont, BASF SE, VCM Polyurethanes Pvt. Ltd., the Dow Chemical Company, Huntsman International LLC and Covestro are the prominent players of the market.
Polyurethane Elastomers Market Segmentation:
By Type
• Thermoset PU Elastomers
• Thermoplastic PU Elastomers
By Industry
• Footwear
• Automotive & Transportation
• Industrial Machinery
• Building & Construction
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/polyurethane-elastomers-market-report-2017-global-industry-analysis-trends-and-market-overview/53515429
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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