Polyurethane Elastomer Market Set to Surpass $24.34 Billion by 2030, Driven by Diverse Industrial Applications

LOS ANGELES, United States: The global polyurethane elastomer market is experiencing significant growth due to rising demand in various sectors such as automotive, footwear, electronics, and medical devices. The automotive industry particularly drives the demand for lightweight and durable materials for components like seals, gaskets, and interior parts. The footwear segment benefits from TPUs' flexibility and comfort, leading to increased use in sports and casual shoes. Additionally, the trend towards sustainable materials is fostering the development of bio-based TPU products.

The global Polyurethane Elastomer market was valued at US$ 18500 million in 2023 and is anticipated to reach US$ 24340 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.

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Key Players Mentioned in the Global Polyurethane Elastomer Market Research Report: Lubrizol, BASF, Covestro, Wanhua Chemical, Huntsman, Trinseo, Hexpol, Kuraray, COIM Group, Avient, Epaflex, Miracll Chemicals, Shandong INOV New Materials, Urecore, Huide Technology, Huafon Chemical, LANXESS (In Process of Divestment)

The polyurethane elastomer market is currently experiencing rapid growth. There is an increasing demand for high-performance materials across various industries, particularly in automotive, construction, electronics, and healthcare. Due to their superior abrasion resistance and flexibility, polyurethane elastomers are widely used in seals, gaskets, tires, and other high-performance products.

As industries focus on lightweight materials with superior performance, polyurethane elastomers are increasingly favored for their versatility and durability. Competition in the market is intensifying, with many companies investing in R&D to introduce more advanced materials. Innovations in formulations and applications can further expand market reach. Additionally, the growing trend towards sustainability is prompting the development of bio-based polyurethane elastomers, creating new avenues for growth.

Polyurethane elastomers can be categorized into various types based on hardness and performance, including thermoplastic polyurethane (TPU), cast polyurethane, etc. Different types of products have widespread applications in automotive, medical, and consumer goods sectors, driving market diversification.

Asia-Pacific region is the fastest-growing market, particularly in China and India. North American and EU markets are stable, primarily driven by the automotive and construction sectors. Future market dynamics in these regions will be influenced by economic development and policy changes, especially regarding environmental regulations.

Market Segmentation

Global Polyurethane Elastomer Market, Segment by Type

Thermoset PU Elastomers

Thermoplastic PU Elastomers

Global Polyurethane Elastomer Market, Segment by Application

Automotive Industry

Electronics and Electrical Appliances

Construction and Engineering

Medical Equipments

Sports and Leisure

Others

The report gives a broad explanation about the presence of the Polyurethane Elastomer market in different regions and countries. With an extensive regional analysis of the Polyurethane Elastomer market, the research analysts make an attempt to unveil hidden growth prospects available for players in different parts of the world. They accurately estimate market share, CAGR, production, consumption, price, revenue, and other crucial factors that indicate the growth of regional markets studied in the report. They also shed light on the presence of prominent players in regional markets, and how it is making a difference in the growth of the regional markets.

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Table of Content

1 Polyurethane Elastomer Market Overview
1.1 Product Definition
1.2 Polyurethane Elastomer by Type
1.2.1 Global Polyurethane Elastomer Market Value Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Thermoset PU Elastomers
1.2.3 Thermoplastic PU Elastomers
1.3 Polyurethane Elastomer by Application
1.3.1 Global Polyurethane Elastomer Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Automotive Industry
1.3.3 Electronics and Electrical Appliances
1.3.4 Construction and Engineering
1.3.5 Medical Equipments
1.3.6 Sports and Leisure
1.3.7 Others
1.4 Global Market Growth Prospects
1.4.1 Global Polyurethane Elastomer Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Polyurethane Elastomer Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Polyurethane Elastomer Production Estimates and Forecasts (2019-2030)
1.4.4 Global Polyurethane Elastomer Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Polyurethane Elastomer Production Market Share by Manufacturers (2019-2024)
2.2 Global Polyurethane Elastomer Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Polyurethane Elastomer, Industry Ranking, 2022 VS 2023
2.4 Global Polyurethane Elastomer Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Polyurethane Elastomer Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Polyurethane Elastomer, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Polyurethane Elastomer, Product Offered and Application
2.8 Global Key Manufacturers of Polyurethane Elastomer, Date of Enter into This Industry
2.9 Polyurethane Elastomer Market Competitive Situation and Trends
2.9.1 Polyurethane Elastomer Market Concentration Rate
2.9.2 Global 5 and 10 Largest Polyurethane Elastomer Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Polyurethane Elastomer Production by Region
3.1 Global Polyurethane Elastomer Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Polyurethane Elastomer Production Value by Region (2019-2030)
3.2.1 Global Polyurethane Elastomer Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Polyurethane Elastomer by Region (2025-2030)
3.3 Global Polyurethane Elastomer Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Polyurethane Elastomer Production by Region (2019-2030)
3.4.1 Global Polyurethane Elastomer Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Polyurethane Elastomer by Region (2025-2030)
3.5 Global Polyurethane Elastomer Market Price Analysis by Region (2019-2024)
3.6 Global Polyurethane Elastomer Production and Value, Year-over-Year Growth
3.6.1 North America Polyurethane Elastomer Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Polyurethane Elastomer Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Polyurethane Elastomer Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Polyurethane Elastomer Production Value Estimates and Forecasts (2019-2030)

4 Polyurethane Elastomer Consumption by Region
4.1 Global Polyurethane Elastomer Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Polyurethane Elastomer Consumption by Region (2019-2030)
4.2.1 Global Polyurethane Elastomer Consumption by Region (2019-2030)
4.2.2 Global Polyurethane Elastomer Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Polyurethane Elastomer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Polyurethane Elastomer Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Polyurethane Elastomer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Polyurethane Elastomer Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Polyurethane Elastomer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Polyurethane Elastomer Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Polyurethane Elastomer Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Polyurethane Elastomer Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Polyurethane Elastomer Production by Type (2019-2030)
5.1.1 Global Polyurethane Elastomer Production by Type (2019-2024)
5.1.2 Global Polyurethane Elastomer Production by Type (2025-2030)
5.1.3 Global Polyurethane Elastomer Production Market Share by Type (2019-2030)
5.2 Global Polyurethane Elastomer Production Value by Type (2019-2030)
5.2.1 Global Polyurethane Elastomer Production Value by Type (2019-2024)
5.2.2 Global Polyurethane Elastomer Production Value by Type (2025-2030)
5.2.3 Global Polyurethane Elastomer Production Value Market Share by Type (2019-2030)
5.3 Global Polyurethane Elastomer Price by Type (2019-2030)

6 Segment by Application
6.1 Global Polyurethane Elastomer Production by Application (2019-2030)
6.1.1 Global Polyurethane Elastomer Production by Application (2019-2024)
6.1.2 Global Polyurethane Elastomer Production by Application (2025-2030)
6.1.3 Global Polyurethane Elastomer Production Market Share by Application (2019-2030)
6.2 Global Polyurethane Elastomer Production Value by Application (2019-2030)
6.2.1 Global Polyurethane Elastomer Production Value by Application (2019-2024)
6.2.2 Global Polyurethane Elastomer Production Value by Application (2025-2030)
6.2.3 Global Polyurethane Elastomer Production Value Market Share by Application (2019-2030)
6.3 Global Polyurethane Elastomer Price by Application (2019-2030)

7 Key Companies Profiled
7.1 Lubrizol
7.1.1 Lubrizol Polyurethane Elastomer Company Information
7.1.2 Lubrizol Polyurethane Elastomer Product Portfolio
7.1.3 Lubrizol Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Lubrizol Main Business and Markets Served
7.1.5 Lubrizol Recent Developments/Updates
7.2 BASF
7.2.1 BASF Polyurethane Elastomer Company Information
7.2.2 BASF Polyurethane Elastomer Product Portfolio
7.2.3 BASF Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.2.4 BASF Main Business and Markets Served
7.2.5 BASF Recent Developments/Updates
7.3 Covestro
7.3.1 Covestro Polyurethane Elastomer Company Information
7.3.2 Covestro Polyurethane Elastomer Product Portfolio
7.3.3 Covestro Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Covestro Main Business and Markets Served
7.3.5 Covestro Recent Developments/Updates
7.4 Wanhua Chemical
7.4.1 Wanhua Chemical Polyurethane Elastomer Company Information
7.4.2 Wanhua Chemical Polyurethane Elastomer Product Portfolio
7.4.3 Wanhua Chemical Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Wanhua Chemical Main Business and Markets Served
7.4.5 Wanhua Chemical Recent Developments/Updates
7.5 Huntsman
7.5.1 Huntsman Polyurethane Elastomer Company Information
7.5.2 Huntsman Polyurethane Elastomer Product Portfolio
7.5.3 Huntsman Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Huntsman Main Business and Markets Served
7.5.5 Huntsman Recent Developments/Updates
7.6 Trinseo
7.6.1 Trinseo Polyurethane Elastomer Company Information
7.6.2 Trinseo Polyurethane Elastomer Product Portfolio
7.6.3 Trinseo Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Trinseo Main Business and Markets Served
7.6.5 Trinseo Recent Developments/Updates
7.7 Hexpol
7.7.1 Hexpol Polyurethane Elastomer Company Information
7.7.2 Hexpol Polyurethane Elastomer Product Portfolio
7.7.3 Hexpol Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hexpol Main Business and Markets Served
7.7.5 Hexpol Recent Developments/Updates
7.8 Kuraray
7.8.1 Kuraray Polyurethane Elastomer Company Information
7.8.2 Kuraray Polyurethane Elastomer Product Portfolio
7.8.3 Kuraray Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Kuraray Main Business and Markets Served
7.8.5 Kuraray Recent Developments/Updates
7.9 COIM Group
7.9.1 COIM Group Polyurethane Elastomer Company Information
7.9.2 COIM Group Polyurethane Elastomer Product Portfolio
7.9.3 COIM Group Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.9.4 COIM Group Main Business and Markets Served
7.9.5 COIM Group Recent Developments/Updates
7.10 Avient
7.10.1 Avient Polyurethane Elastomer Company Information
7.10.2 Avient Polyurethane Elastomer Product Portfolio
7.10.3 Avient Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Avient Main Business and Markets Served
7.10.5 Avient Recent Developments/Updates
7.11 Epaflex
7.11.1 Epaflex Polyurethane Elastomer Company Information
7.11.2 Epaflex Polyurethane Elastomer Product Portfolio
7.11.3 Epaflex Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Epaflex Main Business and Markets Served
7.11.5 Epaflex Recent Developments/Updates
7.12 Miracll Chemicals
7.12.1 Miracll Chemicals Polyurethane Elastomer Company Information
7.12.2 Miracll Chemicals Polyurethane Elastomer Product Portfolio
7.12.3 Miracll Chemicals Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Miracll Chemicals Main Business and Markets Served
7.12.5 Miracll Chemicals Recent Developments/Updates
7.13 Shandong INOV New Materials
7.13.1 Shandong INOV New Materials Polyurethane Elastomer Company Information
7.13.2 Shandong INOV New Materials Polyurethane Elastomer Product Portfolio
7.13.3 Shandong INOV New Materials Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Shandong INOV New Materials Main Business and Markets Served
7.13.5 Shandong INOV New Materials Recent Developments/Updates
7.14 Urecore
7.14.1 Urecore Polyurethane Elastomer Company Information
7.14.2 Urecore Polyurethane Elastomer Product Portfolio
7.14.3 Urecore Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Urecore Main Business and Markets Served
7.14.5 Urecore Recent Developments/Updates
7.15 Huide Technology
7.15.1 Huide Technology Polyurethane Elastomer Company Information
7.15.2 Huide Technology Polyurethane Elastomer Product Portfolio
7.15.3 Huide Technology Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Huide Technology Main Business and Markets Served
7.15.5 Huide Technology Recent Developments/Updates
7.16 Huafon Chemical
7.16.1 Huafon Chemical Polyurethane Elastomer Company Information
7.16.2 Huafon Chemical Polyurethane Elastomer Product Portfolio
7.16.3 Huafon Chemical Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Huafon Chemical Main Business and Markets Served
7.16.5 Huafon Chemical Recent Developments/Updates
7.17 LANXESS (In Process of Divestment)
7.17.1 LANXESS (In Process of Divestment) Polyurethane Elastomer Company Information
7.17.2 LANXESS (In Process of Divestment) Polyurethane Elastomer Product Portfolio
7.17.3 LANXESS (In Process of Divestment) Polyurethane Elastomer Production, Value, Price and Gross Margin (2019-2024)
7.17.4 LANXESS (In Process of Divestment) Main Business and Markets Served
7.17.5 LANXESS (In Process of Divestment) Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Polyurethane Elastomer Industry Chain Analysis
8.2 Polyurethane Elastomer Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Polyurethane Elastomer Production Mode & Process
8.4 Polyurethane Elastomer Sales and Marketing
8.4.1 Polyurethane Elastomer Sales Channels
8.4.2 Polyurethane Elastomer Distributors
8.5 Polyurethane Elastomer Customers

9 Polyurethane Elastomer Market Dynamics
9.1 Polyurethane Elastomer Industry Trends
9.2 Polyurethane Elastomer Market Drivers
9.3 Polyurethane Elastomer Market Challenges
9.4 Polyurethane Elastomer Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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