Industrial PU Elastomers Market Sluggish Growth Rate Foreseen by 2023-2029

Industrial PU elastomers market is anticipated to grow at a significant CAGR of 6.4% during the forecast period. The growing usage of industrial PU elastomer in different industries is a key factor driving the market growth. The PU is a polymer with isocyanate and polyols linkage arranged in an alternate manner. The elastomers of PU have various properties including abrasive resistance, electric insulation, and reduced weight which makes it a suitable material to be used for different types of industrial applications. Additionally, it can withstand extreme weather conditions which makes it suitable to be used in marine and aerospace applications. Thus, the rising demand for PU elastomers from various industries including the packaging industry is expected to drive market growth during the forecast period.

However, the establishment of a manufacturing facility of PU elastomers requires a high amount of investment. Additionally, a high level of technical expertization is required for its manufacturing which restrains the market growth. Apart from this, compounding grades of polyethylene, polypropylene, and acrylonitrile butadiene styrene are developed which have similar properties to industrial PU elastomers and are economical in cost. Thus, these product alternatives create touch competition for the industrial PU elastomers market.

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Market Coverage

• The market number available for - 2021-2029

• Base year- 2022

• Forecast period- 2022-2029

Segment Covered-

· By Type

· By Additives

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- BASF SE, Bayer CropScience Ltd., DuPont de Nemours, Inc., The Dow Chemical Co., 3M Co., and others.

Industrial PU Elastomers Market Report Segment

By Type

• Thermosetting PU Elastomers

• Thermoplastic PU Elastomers

By Additives

· Pigments

· Blowing Agents

· Fillers

· Smoke Retardants

· Flame Retardants

By Application

• Transportation

• Industrial

• Building & Construction

• Medical

• Footwear

• Others (including Mining Equipment, Furniture, Adhesives and Sealants)

A full Report of Industrial PU Elastomers Market is Available @ https://www.omrglobal.com/industry-reports/industrial-pu-elastomers-market

Industrial PU Elastomers Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· 3M Co.

· Accella Polyurethane Systems

· Argonics, Inc.

· BASF SE

· Bayer CropScience Ltd.

· Blackwell Plastics LLP

· BSW Berleburger Schaumstoffwerk GmbH

· Covestro AG

· DuPont de Nemours, Inc.

· Herikon BV

· Huntsman International LLC

· LANXESS AG

· Mitsui Chemicals, Inc.

· P+S Polyurethan-Elastomere GmbH & Co. KG

· The Dow Chemical Co.

· The Lubrizol Corp.

· Tosoh Corp.

· Trelleborg AB

· VCM Polyurethanes Pvt. Ltd.

· Wanhua Chemical Group Co.,Ltd.

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