Polyurethane Elastomer Market Size, Share, Trends, and Forecast: 2024-2030

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Polyurethane Elastomer- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
Polyurethane elastomer is a type of polymer that combines the properties of rubber and plastic, resulting in a flexible, durable material. These elastomers are formed by the reaction of polyols and isocyanates, which can be adjusted to achieve specific mechanical properties, hardness, and elasticity.
 
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 According to the new market research report "Polyurethane Elastomer- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Polyurethane Elastomer market size is projected to reach USD 9.19 billion by 2030, at a CAGR of 5.5% during the forecast period.

According to QYResearch Top Players Research Center, the global key manufacturers of Polyurethane Elastomer include Huafeng Group, BASF, Lubrizol, Wanhua Chemical, Covestro, Yinoway, Merui New Materials, Huntsman, LANXESS, Zibo Huatian Rubber & Plastic Technology, etc. In 2023, the global top 10 players had a share approximately 63.0% in terms of revenue.





Market Drivers:

As electric vehicles and lightweight trends accelerate around the world, polyurethane elastomers have become key materials in the manufacture of automotive parts due to their excellent wear resistance, shock absorption performance and good elasticity. Such materials are widely used in automotive seals, tires, suspension systems and other components, improving the performance and durability of vehicles. In addition, polyurethane elastomers have gradually been more widely used in rail transit, aerospace and other transportation equipment, driving the continued rise in industry demand.

Globally, increasingly stringent environmental regulations and sustainable development requirements have promoted the research and development and application of green materials. Bio-based TPU elastomers have become an environmentally friendly material choice favored by many manufacturers due to their good recyclability, low emission characteristics and low impact on the environment during the production process. Environmental protection policies in various countries have prompted companies to increase investment in sustainable solutions, which has brought broad development prospects to the bio-based TPU industry, especially in consumer goods, construction, packaging and other fields.

With the acceleration of global industrialization, especially in the fields of automation and intelligent manufacturing, the demand for high-performance materials has increased significantly. Polyurethane elastomers are widely used in industrial conveyor belts, seals, mold manufacturing and other industries with their excellent mechanical properties, chemical corrosion resistance and processing flexibility, significantly improving production efficiency and product quality. In the future, with the further upgrading of industrial technology, the application scope of polyurethane elastomers in high-end manufacturing will continue to expand, promoting continuous innovation and development of the industry.



Restraint:

The production of polyurethane elastomers relies on petrochemical derivatives, such as isocyanates and polyols, and the prices of these key raw materials are highly susceptible to fluctuations in the global oil market. Fluctuations in crude oil prices may not only lead to a sharp increase in production costs, but may also have an adverse impact on the stability of the supply chain. When there is political turmoil in the international market, supply chain disruptions, or sharp fluctuations in oil prices, the profit margins of polyurethane elastomer producers may be compressed, and the operating flexibility of enterprises will also be challenged.

Although polyurethane elastomers are regarded as environmentally friendly materials in some applications, their production process still involves the use and emission of chemicals and faces strict environmental regulations. Increasingly tightening environmental policies around the world, especially restrictions on emission standards, waste disposal, and carbon footprint, may increase the compliance costs of manufacturers. In addition, the use of chemicals in the production process may cause health and safety issues, and companies need to continuously invest resources in technological improvements and equipment upgrades to meet increasingly stringent environmental requirements.

With the advancement of science and technology and the research and development of new materials, more and more alternative materials, such as bio-based polymers and thermoplastic elastomers, are entering the market. These materials have lower environmental impact, higher sustainability, and better performance in certain areas, which have gradually attracted market attention and investment. At the same time, polyurethane elastomers also face a lot of competition in the low-end market, such as PVC and EVA. The popularity of alternative materials may weaken the market share of polyurethane elastomers in certain applications and force polyurethane manufacturers to increase innovation efforts to maintain their competitive advantage. The competition in the industry is becoming increasingly severe.

Opportunity:

Looking ahead, the global polyurethane elastomer market will continue to maintain positive growth, and it is expected that by 2030, the market size will increase to US$9.185 billion, with an overall annual compound growth rate of 6.06%. Among them, the Chinese market will continue to be the main driving force for growth. It is expected that by 2030, the Chinese market size will reach US$4.480 billion, and the proportion of the global market will increase to 48.78%. This means that nearly half of the global market demand will be concentrated in China. It is expected that the annual compound growth rate of the Chinese market will reach 7.79% from 2024 to 2030, which is higher than the global average.

In the next few years, the growth of the global polyurethane elastomer market will also benefit from product diversification and technological progress, especially in the application of thermoplastic polyurethane elastomers (TPE). Due to its excellent processing performance and environmental advantages, TPE has rapidly increased in demand in many fields such as automobiles, electronics, and construction. It is expected that by 2030, its market share will reach 46.46%. In addition, the sports and leisure industry has accounted for 27.11% of the polyurethane elastomer market in 2023, and the demand in this field will continue to grow in the next few years, with an estimated annual compound growth rate of 4.33% from 2024 to 2030. Overall, with the increasing demand for high-performance materials in the industrial field and the strong growth momentum of the Chinese market, the prospects of the global polyurethane elastomer industry will be very broad and will continue to attract more investment and technological innovation.
 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The Polyurethane Elastomer market is segmented as below:
By Company
    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)
 
Segment by Type
    Thermoset PU Elastomers
    Thermoplastic PU Elastomers
 
Segment by Application
    Automotive Industry
    Electronics and Electrical Appliances
    Construction and Engineering
    Medical Equipments
    Sports and Leisure
    Others
 
Each chapter of the report provides detailed information for readers to further understand the Polyurethane Elastomer market:
Chapter 1: Introduces the report scope of the Polyurethane Elastomer report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Polyurethane Elastomer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Polyurethane Elastomer market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5:  Sales, revenue of Polyurethane Elastomer in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6:  Sales, revenue of Polyurethane Elastomer in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Polyurethane Elastomer competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Polyurethane Elastomer comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Polyurethane Elastomer market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
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Global and China Polyurethane Elastomer Market Report & Forecast 2024-2030
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