Global Polyurethane Elastomers Market Size Study, By Type (Thermoplastic, Thermoset), By Application (Footwear, Industrial Machinery, Automotive & Transportation, Other Applications), and Regional Forecasts 2022-2032

Description

The Global Polyurethane Elastomers Market, valued at approximately USD 4.35 billion in 2023, is poised to expand at a steady CAGR of 3.30% during the forecast period from 2024 to 2032.Polyurethane elastomers, known for their exceptional durability, flexibility, and versatility, have emerged as indispensable materials across various industrial and consumer sectors. These elastomers are extensively utilized in manufacturing products that require high-performance attributes such as abrasion resistance, elasticity, and load-bearing capacity.

The market's growth is underpinned by the robust demand from industries such as automotive, industrial machinery, and footwear. The increasing adoption of thermoplastic and thermoset elastomers, driven by their ability to withstand extreme operating conditions, further bolsters the market expansion. Additionally, the surge in sustainability-focused initiatives has led to innovations in bio-based polyurethane elastomers, aligning with the evolving consumer and regulatory preferences. However, the fluctuating costs of raw materials and complex production processes pose challenges to market growth. Nevertheless, advancements in processing technologies and the expanding application scope across emerging industries present lucrative opportunities for market players.

North America and Europe continue to lead the global polyurethane elastomers market, attributed to their well-established industrial base and emphasis on sustainable product innovations. Meanwhile, the Asia Pacific region is projected to witness the fastest growth owing to rapid industrialization, increased automotive production, and growing consumer awareness regarding high-performance materials. Countries such as China and India, with their expanding manufacturing capabilities and investments in advanced materials, are anticipated to drive regional market dynamics.

Major market players included in this report are:

BASF SE
Covestro AG
Huntsman Corporation
The Dow Chemical Company
Lubrizol Corporation
Mitsui Chemicals, Inc.
Wanhua Chemical Group Co., Ltd.
Coim Group
Momentive Performance Materials Inc.
Trelleborg AB
RTP Company
Arlanxeo
Lanxess AG
Tosoh Corporation
Mitsuboshi Belting Ltd.

The detailed segments and sub-segment of the market are explained below:

By Type:

Thermoplastic
Thermoset

By Application:

Footwear
Industrial Machinery
Automotive & Transportation
Other Applications

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market estimates and forecasts for 10 years, from 2022 to 2032.
Regional and segmental analysis with annualized revenue data.
Comprehensive insights into key market drivers, challenges, and opportunities.
In-depth competitive landscape analysis and strategic recommendations.
Detailed examination of regional markets with country-level insights.

Chapter 1. Global Polyurethane Elastomers Market Executive Summary

1.1. Global Polyurethane Elastomers Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Polyurethane Elastomers Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Polyurethane Elastomers Market Dynamics

3.1. Market Drivers
- 3.1.1. Robust Demand from Automotive, Industrial Machinery, and Footwear Industries
- 3.1.2. Increasing Adoption of Thermoplastic and Thermoset Elastomers
- 3.1.3. Sustainability-Focused Initiatives Leading to Bio-Based Polyurethane Elastomers
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Costs
- 3.2.2. Complex Production Processes
3.3. Market Opportunities
- 3.3.1. Advancements in Processing Technologies
- 3.3.2. Expanding Application Scope Across Emerging Industries
- 3.3.3. Innovations in Bio-Based Polyurethane Elastomers

Chapter 4. Global Polyurethane Elastomers Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Polyurethane Elastomers Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Polyurethane Elastomers Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Thermoplastic
- 5.2.2. Thermoset

Chapter 6. Global Polyurethane Elastomers Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Polyurethane Elastomers Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Footwear
- 6.2.2. Industrial Machinery
- 6.2.3. Automotive & Transportation
- 6.2.4. Other Applications

Chapter 7. Global Polyurethane Elastomers Market Size & Forecasts by Region 2022-2032

7.1. North America Polyurethane Elastomers Market
- 7.1.1. U.S. Polyurethane Elastomers Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Material Type Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Polyurethane Elastomers Market
7.2. Europe Polyurethane Elastomers Market
- 7.2.1. UK Polyurethane Elastomers Market
- 7.2.2. Germany Polyurethane Elastomers Market
- 7.2.3. France Polyurethane Elastomers Market
- 7.2.4. Spain Polyurethane Elastomers Market
- 7.2.5. Italy Polyurethane Elastomers Market
- 7.2.6. Rest of Europe Polyurethane Elastomers Market
7.3. Asia-Pacific Polyurethane Elastomers Market
- 7.3.1. China Polyurethane Elastomers Market
- 7.3.2. India Polyurethane Elastomers Market
- 7.3.3. Japan Polyurethane Elastomers Market
- 7.3.4. Australia Polyurethane Elastomers Market
- 7.3.5. South Korea Polyurethane Elastomers Market
- 7.3.6. Rest of Asia Pacific Polyurethane Elastomers Market
7.4. Latin America Polyurethane Elastomers Market
- 7.4.1. Brazil Polyurethane Elastomers Market
- 7.4.2. Mexico Polyurethane Elastomers Market
- 7.4.3. Rest of Latin America Polyurethane Elastomers Market
7.5. Middle East & Africa Polyurethane Elastomers Market
- 7.5.1. Saudi Arabia Polyurethane Elastomers Market
- 7.5.2. South Africa Polyurethane Elastomers Market
- 7.5.3. Rest of Middle East & Africa Polyurethane Elastomers Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Covestro AG
- 8.1.3. Huntsman Corporation
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. The Dow Chemical Company
- 8.3.3. Lubrizol Corporation
- 8.3.4. Mitsui Chemicals, Inc.
- 8.3.5. Wanhua Chemical Group Co., Ltd.
- 8.3.6. Coim Group
- 8.3.7. Momentive Performance Materials Inc.
- 8.3.8. Trelleborg AB
- 8.3.9. RTP Company
- 8.3.10. Arlanxeo
- 8.3.11. Lanxess AG
- 8.3.12. Tosoh Corporation
- 8.3.13. Mitsuboshi Belting Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes