The global PU elastomers market is estimated to grow from USD 12.47 Billion in 2017 to USD 16.63 Billion by 2022, at a CAGR of 5.9% from 2017 to 2022.
The report “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region – Global Forecast to 2022”, Globally, people are opting for products that deliver outstanding performance and have a long life. PU elastomers are used as a replacement for standard elastomers, metals, and rubbers because of their unique set of properties such as heat resistance, weathering resistance, ozone resistance, chemical resistance, oil & gas resistance, aging resistance, flexibility, durability, and huge variety. These factors ultimately increase the demand for PU elastomers globally.
Browse 75 market data tables and 38 figures spread through 125 pages and in-depth TOC on “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region – Global Forecast to 2022”
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♦ Major Key Players –
Some of the major players active in the global polyurethane elastomers market include BASF (Germany), Dow (US), Huntsman (US), Covestro (Germany), Mitsui Chemicals, (Japan), Chemtura Corporation (US), Lubrizol Corporation (US), P+S Polyurethan-Elastomere (Germany), Tosoh (Japan), and Wanhua Chemical (China).
On the Basis of Application:
- Footwear
- Automotive & Transportation
- Industrial Machinery
- Building & Construction
Footwear application is estimated to lead the PU elastomers market during the forecast period.
PU elastomers are majorly used in footwear application for the perfect combination of ergonomics, microclimate, and sensation to deliver the most comfortable experience to consumers. High abrasion resistance, light weight, and excellent long-term mechanical properties are preferable for hardwearing shoe soles in footwear applications.
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