Polyurethane Elastomers Market Size is expected to reach USD 3.26 Bn. by 2030, at a CAGR of 5.6% during a forecast period.

Maximize Market Research, has published market intelligence and competitive landscape report on the Polyurethane Elastomers Market.

Over the forecast period, Polyurethane Elastomers Market is expected to grow from USD 2.22 Bn. to USD 3.36 Bn. by 2030, at a CAGR of 5.6 per cent.

Asia Pacific region held largest market share in 2023. The rise of the major end-use sectors likes furniture & interior, electronics & appliances, packaging, automotive and construction are driving the market growth.

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Furthermore, rising construction spending as a result of the growing requirement for sustainable infrastructure, combined with rising demand for furniture and sleeping products, is expected to drive product demand.

The automobile industry is the main consumer of polyurethane elastomers, and the automobile industry in emerging countries is growing, which is expected to promote the growth of the global polyurethane elastomer market.

People's increasing attention to safety and fuel efficiency in driving cars requires high-quality and high-performance plastics. Therefore, there is an increasing need for lighter vehicles to reduce automobile gas emissions and improve fuel efficiency, which has promoted the growth of polyurethane elastomers.

The recovery of the global footwear industry and the growing demand for polyurethane elastomers in the global footwear industry, because people are more inclined to use shoes for regular occasions, sports and leisure purposes, and for light, comfortable and durable footwear. Polyurethane elastomers are polyurethanes with rubber characteristics.

Polyurethane elastomer is made of hard (isocyanate) and elastic (polyol) parts and changing these choices create an excellent quality of polyurethane elastomer. The rising population is assisting the footwear industry in China, India, Japan, and other nations in creating a significant demand for polyurethane elastomers. The global polyurethane elastomer industry is increasing due to increased demand.

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Recent Developments:

1. BASF and Meiban teamed in December 2022 to develop the Elastollan soft touch feel thermoplastic Polyurethane Elastomers series, which provides new design options.

2. Covestro and global plastics compounder Teknor Apex will work in May 2022 to create compounded industrial thermoplastic Polyurethane Elastomers elastomer. The collaboration's goal was to provide personalized products to both existing and new clients.

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

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Polyurethane Elastomers Market Key Players are:

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

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/polyurethane-elastomers-market/5798/

Key questions answered in Polyurethane Elastomers Market are:

1. Which region has the largest share in Global Market?
2. What is the growth rate of Global Market?
3. What is scope of the Global Pmarket report?
4. Who are the key players in Global market?
5. What is the study period of this market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Regional analysis, Segment Analysis, Competitive landscape
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

Maximize Market Research has also published reports related to Polyurethane Elastomers Market are:

 Fluoroelastomers Market size was valued at US$ 1.71 Bn. in 2023 and the total Fluoroelastomers revenue is expected to grow at 2.4% from 2024 to 2030, reaching nearly US$ 2.01 Bn.

https://www.maximizemarketresearch.com/market-report/fluoroelastomer-market/316/

 Thermoplastic Polyamide Elastomers Market size was valued at USD 2.05 Billion in 2023 and the total Thermoplastic Polyamide Elastomers revenue is expected to grow at a CAGR of 5.7% from 2024 to 2030, reaching nearly USD 3.02 Billion by 2030.

https://www.maximizemarketresearch.com/market-report/global-thermoplastic-polyamide-elastomers-market/63595/

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