Press release
Polyurethane Elastomers Market to reach USD 258.30 Bn by 2029, emerging at a CAGR of 7.3 percent and forecast 2023-2029
Polyurethane Elastomers Market
Maximize Market Research Pvt Ltd, a pioneering leader in market research, presents a comprehensive report that sheds light on the Polyurethane Elastomers Market's trends, dynamics, and growth potential. The report covers the market's journey from 2017, with 2022 as a base year, providing valuable insights into the market trends, disruptions caused by lockdowns, and predictions for the next two years.
Through rigorous research methodology, the report examines the impacts of lockdowns on demand and supply, highlighting companies that thrived during these challenges. The analysis incorporates specialized strategic evaluations of these successful firms.
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Polyurethane Elastomers Market Dynamics:
The report underscores the burgeoning demand for polyurethane elastomers driven by their adoption across industries. The automotive sector, particularly in emerging economies, is witnessing remarkable growth, attributing to the demand for high-performance materials for lightweight vehicles, enhanced fuel efficiency, and safety features. Likewise, the global footwear industry's resurgence and the preference for lightweight, comfortable, and durable footwear are propelling the demand for polyurethane elastomers.
The primary market for polyurethane elastomers is the automotive industry, and as this sector expands in emerging markets, it is anticipated that the worldwide polyurethane elastomer market will as well. High-quality and high-performance plastics are also necessary because of the public's growing concern with safety and fuel economy when driving cars. As a result, there is a growing demand for lighter automobiles to lower petrol emissions and increase fuel efficiency, which has aided in the expansion of polyurethane elastomers. Additionally, due to people's increased propensity to wear shoes for everyday situations, sports, and leisure activities, as well as for light, comfortable, and long-lasting footwear, the worldwide footwear sector is seeing growth and is experiencing an increase in demand for polyurethane elastomers. Polyurethane elastomers are rubber-coated polyurethanes.
Polyurethane Elastomers Market Regional Insights:
With a focus on regional dynamics, the report emphasizes Asia Pacific's dominance, commanding the market share in 2022. The region's rapid industrialization, cost-effective labor, and conducive manufacturing environment are propelling market growth, particularly in sectors like furniture, electronics, automotive, and construction.
Asia Pacific Takes the Lead: The Polyurethane Elastomers Market has witnessed a remarkable surge in the Asia Pacific region, which held the largest market share in 2022. Notably, the buoyant growth of key sectors such as furniture, electronics, appliances, packaging, automotive, and construction is propelling this expansion.
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Polyurethane Elastomers Market Segmentation:
by Type
Thermoplastic PU Elastomers
Thermoset PU Elastomers
by Application
Footwear
Automotive & Transportation
Building & Construction
Industrial Machinery
by Additive
Pigments
Blowing agents
Fillers
Smoke Retardants
Flame Retardants
Polyurethane Elastomers Market Key Players:
1. BASF
2. Huntsman
3. The Dow Chemical Company
4. Covestro
5. Chemtura Corporation
6. Mitsui Chemicals
7. Lubrizol
8. Tosoh
9. P+S Polyurethan-Elastomere
10. Wanhua Chemical
11. Trelleborg
12. Headway Group
13. Coim Group
14. Inoac Corporation
15. Accella Polyurethane Systems
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Table of content for the Polyurethane Elastomers Market includes:
1. Global Polyurethane Elastomers Market: Research Methodology
2. Global Polyurethane Elastomers Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Polyurethane Elastomers Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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