Global PU (Polyurethane) Elastomer Market, By Product Type (Thermoset Polyurethane Elastomers, TPU(Thermoplastic polyurethane) Elastomers), Additives (Pigments, Blowing agents, fillers, Smoke Retardants, Flame Retardants), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
Market Analysis: Global PU (Polyurethane) Elastomer Market
The Global PU (Polyurethane) Elastomer Market is expected to reach USD 17.13 million by 2025, from USD 12.42 million in 2017 growing at a CAGR of 6.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global PU (Polyurethane) Elastomer Market
Polyurethane is a polymer developed of organic units connected by urethane link. Polyurethanes are created from the exothermic reactions between alcohols with two or more reactive hydroxyl groups per molecule and isocyanate that have more than one reactive isocyanate per molecule. Polyurethane elastomers are artificial or synthetic rubbers that are made of polymers. The polyurethane elastomers are deeply classified into thermosetting elastomers and thermoplastic elastomer. Majority of the polyurethane elastomers in the market are based on thermosetting polymers. The advantageous properties of polyurethane elastomer are its high efficiency, light weight and impact resistance. Mostly polyurethane is used in manufacturing of gaskets and foam seals, coaster, elevator, surface coatings, suspense coating and automotive industry and building and construction company.
In 2013, Tosoh Corporation constructed a plant which produces RZETA and is an emission free plant for polyurethane catalyst.
In 2015, Mitsui chemicals launched Fortimo and Stabio, in the market of polyurethane which is used in chemical and abrasion segments.
- Raising demand of acrylic monomers in hygienic products, detergents, and waste water treatment chemicals.
- Utilization of acrylate monomers for the improvement of operational efficiency for water based coatings.
- Major revenue contributor in the field of paints & coatings and adhesives & sealants industry.
- Lower load capacities, which leads to lack of resistance in temperature and salts.
- In European chemical industry, the demand of butyl acrylate monomers decreased due to some unpredictable reasons.
Segmentation: Global PU (Polyurethane) Elastomer Market
- Thermoset Polyurethane Elastomers
- Thermoplastic Polyurethane Elastomer
- Blowing agents
- Smoke Retardants
- Flame Retardants
- Automotive & Transportation
- Industrial Machinery
- Building & Construction
- Adhesives & Sealants
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Competitive Landscape: Global PU (Polyurethane) Elastomer Market
The global PU(Polyurethane) elastomer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes global PU(Polyurethane) elastomer market shares of for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Governments across the globe are investing significantly in the development of pipeline infrastructure in developing countries such as India, China, and Brazil.
In 2014, Tosoh Corporation merged with Nippon Polyurethane Industry Co., Ltd. where its generated the efficiency in the integrated supply network.
Key Market Competitors: Global PU (Polyurethane) Elastomer Market
The key players operating in the global PU elastomer market are –
- Wanhua Chemical Group Co.,Ltd
- Tosoh Corporation
- The Lubrizol Corporation
The other players in the market are Mitsui Chemicals, Inc, Covestro AG , Huntsman International LLC, The Dow Chemical Company. , BASF SE, BSW Berleburger Schaumstoffwerk GmbH , DuPont, Bayer CropScience Limited , P+S Polyurethan-Elastomere GmbH & Co. KG, Accella Polyurethane Systems, 3M, among other.
Research Methodology: Global PU (Polyurethane) Elastomer Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global PU elastomer market.
- Analyze and forecast elastomeric foam market on the basis of product, additives and application
- Trends of key regional and country-level markets for product, additives and application Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.