Industrial PU Elastomer Market is Projected to Platform Important Growth 2021-2031 | Covestro, Mitsui Chemicals, BASF, Dow DuPont, Chemtura

Industrial polyurethane (PU) elastomers are a class of polymeric materials that exhibit elasticity similar to rubber, yet can also be processed like thermoplastic polymers. Polyurethanes are made by reacting a polyisocyanate with a polyol. The most common polyols used are polyethers and polyesters. The final properties of the polyurethane will depend on the specific ingredients used, as well as the processing method.

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Key Trends

The key trends in Industrial PU Elastomer technology are the development of new types of polyurethanes that are more durable and have better performance characteristics. The development of new manufacturing methods that improve the quality and consistency of the product.

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Key Drivers

The industrial PU elastomer market is driven by the rising demand for light weight and high-performance materials in various industries such as automotive, construction, and electronics. The superior properties of PU elastomer such as high strength, flexibility, and abrasion resistance make it an ideal material for a wide range of applications. The growing automotive industry in Asia-Pacific and the Middle East is another major driver of the industrial PU elastomer market. The increase in construction activities in these regions is also boosting the demand for PU elastomer.

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Market Segments

The global Industrial PU Elastomer Market is segmented on the basis of type, end-use industry, and region. On the basis of type, the market is fragmented into thermoset PU elastomer and thermoplastic PU elastomer. Depending on end-use industry, it is segregated into transportation, industrial, medical, building & construction, mining equipment, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Companies

The Industrial PU Elastomer Market includes players such as Covestro, Mitsui Chemicals, BASF, Dow DuPont, Huntsman Corporation, Chemtura, American Urethanes, Sinopec, Lyondellbasell Industries, Gallagher Corp. and Argonics.

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