FREE Breaking News Alerts from StreetInsider.com!
The Industrial polyurethane elastomers market has witnessed decent growth in the past few years. This growth can be attributed to the increasing demand for highly efficient and lightweight materials in the transportation industry and stringent emission regulations laid by the governments of various countries.
PUNE, India , Sept. 6, 2022 /PRNewswire/ -- The Industrial Polyurethane Elastomers Market is valued at USD 7.24 billion in 2021 and is estimated to achieve a market size of USD 12.55 billion by 2029; growing at a CAGR of 6.3%.
Industrial polyurethane elastomers are created by combining rigid and flexible components in various combinations, with some combinations producing better polyurethane elastomers than others. High-quality materials are PU elastomer coatings. Polymeric materials with elastomeric properties based on polyols, di-isocyanates, and extenders are known as industrial PU elastomers.
Get market scope and parent market analysis sample PDF @https://exactitudeconsultancy.com/reports/7067/industrial-pu-elastomer-market#request-a-sample
Demand for industrial PU elastomers is expected to increase at a significant pace during the forecast period due to the rise in usage of these elastomers in various industries such as automotive, aerospace, and marine. Transportation is one of the key end-use industries of PU elastomers due to the latter's properties such as tear and abrasion resistance, high load-bearing capacity, chemical resistance, and superior dynamic performance. High cost of industrial PU elastomer is negatively affecting the industrial PU elastomer market
Thermoset PU elastomer accounted for the largest share in the industrial PU elastomer market
The overall market was dominated by the thermoset PU elastomer segment. The low cost and easy availability of thermoset PU elastomers around the world, particularly in APAC, has contributed to the growth of this segment. The thermoplastic PU elastomer segment, on the other hand, is expected to grow at the fastest rate during the forecast period due to its exceptional benefits in bridging the gap between flexible rubber and rigid plastics.
APAC is the largest and fastest-growing amongst other regions in the industrial PU elastomer market
APAC was the largest market for industrial PU elastomer in 2019. The transportation and industrial sectors are very prominent in this region because of the availability of raw materials and low labor costs, along with the high demand for transportation equipment. The demand for industrial PU elastomers is expected to grow in this region owing to the expanding industrial and mining sectors, especially in South-East Asian countries.
The breakdown of primary interviews has been given below.
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
BASF, Dow, Huntsman, Covestro, Era Polymers, Notedome, Mitsui Chemicals, Lanxess, The Lubrizol Corporation, and Wanhua.
High demand for polyurethane elastomers in the footwear industry
· Increasing active and fitness conscious among the consumers has given rise to the athleisure movement
· The active consumers are gravitating towards shoes that fit for every occasion
Industrial PU Elastomer Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market. Some Key Players include:
Get a comprehensive report describing the market size and forecast @ https://exactitudeconsultancy.com/reports/7067/industrial-pu-elastomer-market
Key Market Segments: Industrial PU Elastomer Market
Industrial PU Elastomer Market by Type, 2022-2029, (USD Billion)
Industrial PU Elastomer Market by End User Industry, 2022-2029, (USD Billion)
Industrial PU Elastomer Market by Region, 2022-2029, (USD Billion)
Browse More Chemicals & Materials Reports
Thermoplastic elastomers are called thermoplastic rubbers. It is a mixture of polymers that consist of thermoplastic and elastomeric properties.
https://exactitudeconsultancy.com/reports/1584/thermoplastic-elastomers-market
Ultrasoft Thermoplastic Elastomer Market Growth
Ultrasoft thermoplastic elastomers are increasingly being used in a variety of end-use industries due to the high-end qualities they impart into the end products.
https://exactitudeconsultancy.com/reports/5484/ultrasoft-thermoplastic-elastomer-market
Thermoplastic polyurethane is a thermoplastic elastomer that can be processed using conventional methods such as extrusion, injection molding, and compression molding.
https://exactitudeconsultancy.com/reports/3830/thermoplastic-polyurethane-market
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
Contact us for your special interest research needs at [email protected] and we will get in touch with you within 24hrs and help you find the market research report you need.
Contact:Irfan Tamboli [email protected] +91-7507-07-8687
Logo: https://mma.prnewswire.com/media/1871697/Exactitude_Consultancy_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/industrial-polyurethane-elastomers-market-garnered-about-usd-12-55-billion-by-2029-and-is-expected-to-grow-with-a-cagr-of-6-3-during-2022-2029-increasing-consumption-of-product-by-polyurethane-elastomers-to-aid-growth--exactit-301618160.html
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!