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

The global size of the PU elastomers market was USD 11.78 Billion in 2016 and is estimated to grow at a CAGR of 5.9% between 2017 and 2022. The main objective of the study is to define, describe, and forecast the PU elastomers market on the basis of type, application, and region. The report includes a detailed information about the major factors (drivers, opportunities, restraint, and industry-specific challenges) influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The report includes analysis of the PU elastomers market on the basis of type (thermoset PU elastomers and thermoplastic PU elastomers) and region (APAC, Europe, North America, Middle East & Africa, and South America). The market size of PU elastomers has been estimated in terms of volume and value. The base year considered for the study is 2016, while the forecast period is 2017 to 2022. The PU elastomers market is driven by the increasing demand from the footwear industry in APAC, increasing use of PU elastomers in various end-use industries, and improving economic conditions globally.

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global PU elastomers market and to estimate the size of various other dependent submarkets. Extensive secondary sources, directories, and databases such as Hoover’s, Bloomberg, Chemical Weekly, Factiva, Composite Panel Association (CPA), World Bank, Securities and Exchange Commission (SEC), and other government and private websites were referred to identify and collect information useful for this technical, market-oriented, and commercial study of the PU elastomers market.

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Some of the major players active in the global PU 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).

Key Target Audience:

• Manufacturers of PU Elastomers Material
• Original Equipment Manufacturers
• Footwear Manufacturers
• Automotive and Transportation Manufacturers
• Building Contractors
• Traders, Distributors, and Suppliers of PU Elastomers
• Regional Manufacturers Associations and General PU Elastomers Associations
• Government and Regional Agencies and Research Organizations
• Investment Research Firms

The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years, for prioritizing efforts and investments.

Scope of the Report:

This research report categorizes the global PU elastomers market on the basis of type, end-use industry, and region.

On the Basis of Type:

• Thermoset PU Elastomers
• Thermoplastic PU Elastomers

On the Basis of Application:

• Footwear
• Automotive & Transportation
• Industrial Machinery
• Building & Construction

On the Basis of Region:

• APAC
• Europe
• North America
• Middle East & Africa
• South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

End-use sector analysis

• Product matrix that gives a detailed analysis of various types of PU elastomers in each application

Regional analysis

• Further breakdown of a region with respect to a particular country

Company information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of The Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered For the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Insights From Primary Interviews
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Significant Opportunities in the PU Elastomers Market
    4.2 PU Elastomers Market, By Application
    4.3 PU Elastomers Market, By Type
    4.4 PU Elastomers Market, By Region
    4.5 APAC PU Elastomers Market, By Application and By Country

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand From the Footwear Industry in APAC
                    5.2.1.2 Increasing Use of PU Elastomers in Various End-Use Industries
                    5.2.1.3 Improving Economic Conditions
           5.2.2 Restraints
                    5.2.2.1 Hazardous Impact on Human Health and Environment
                    5.2.2.2 Higher Cost of TPU Than the Other Conventional Materials
                    5.2.2.3 Stringent Emission Regulations
           5.2.3 Opportunities
                    5.2.3.1 Rising Trend of Bio-Based TPU
           5.2.4 Challenges
                    5.2.4.1 Fluctuating Crude Oil Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of New Entrants
           5.3.4 Threat of Substitutes
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview and Key Trends
           5.4.1 Trends and Forecast of GDP
           5.4.2 Trends of the Global Automotive Industry (2012–2016)
           5.4.3 Trends of the Global Construction Industry (2012–2016)

6 PU Elastomers Market, By Type (Page No. - 40)
    6.1 Introduction
    6.2 Thermoset Polyurethane Elastomer
    6.3 Thermoplastic Polyurethane Elastomer (TPU)

7 PU Elastomers, By Application (Page No. - 44)
    7.1 Introduction
    7.2 Footwear
    7.3 Automotive & Transportation
           7.3.1 Under the Hood
           7.3.2 Interior
           7.3.3 Exterior
           7.3.4 Tire
    7.4 Industrial Machinery
           7.4.1 Wheels and Rollers
           7.4.2 Seals and Gaskets
    7.5 Building & Construction
           7.5.1 Elevator Construction
           7.5.2 Roofing Membrane
    7.6 Others
           7.6.1 Consumer Goods
           7.6.2 Mining
           7.6.3 Oil & Gas
           7.6.4 Medical
           7.6.5 Marine & Offshore
           7.6.6 Wires & Cables
           7.6.7 Electronic Devices

8 PU Elastomers Market, By Region (Page No. - 51)
    8.1 Introduction
    8.2 APAC
           8.2.1 China
           8.2.2 Japan
           8.2.3 India
           8.2.4 South Korea
           8.2.5 Rest of APAC
    8.3 Europe
           8.3.1 Germany
           8.3.2 France
           8.3.3 UK
           8.3.4 Russia
           8.3.5 Italy
           8.3.6 Spain
           8.3.7 Rest of Europe
    8.4 North America
           8.4.1 US
           8.4.2 Canada
           8.4.3 Mexico
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 South Africa
           8.5.3 UAE
           8.5.4 Rest of Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 93)
    9.1 Overview
    9.2 Market Ranking of Key Players
    9.3 Competitive Scenario
           9.3.1 New Product Launches
           9.3.2 Expansions
           9.3.3 Acquisitions
           9.3.4 Agreements

10 Company Profiles (Page No. - 98)
     10.1 BASF
     10.2 The Dow Chemical Company
     10.3 Huntsman
     10.4 Covestro
     10.5 Mitsui Chemicals
     10.6 Chemtura Corporation
     10.7 Lubrizol
     10.8 P+S Polyurethan-Elastomere
     10.9 Tosoh
     10.10 Wanhua Chemical
     10.11 Other Market Players
             10.11.1 Coim Group
             10.11.2 Headway Group
             10.11.3 Inoac Corporation
             10.11.4 Accella Polyurethane Systems
             10.11.5 Trelleborg
             10.11.6 Reckli
             10.11.7 Herikon
             10.11.8 Cellular Mouldings
             10.11.9 Blackwell Plastics
             10.11.10 RTP Company
             10.11.11 ERA Polymers
             10.11.12 Perstorp
             10.11.13 Asahi Kasei Corporation
             10.11.14 Kasodur Polyurethane
             10.11.15 VCM Polyurethanes

11 Appendix (Page No. - 118)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details

List of Tables (75 Tables)

Table 1 Cost Comparison of TPU vs Other Plastics
Table 2 Trends and Forecast of GDP, USD Billion (2016–2022)
Table 3 Total Vehicle Production in 15 Countries, 2012–2016
Table 4 GDP Contribution of Countries to the Construction Industry(USD Billion), 2012–2016
Table 5 PU Elastomers Market Size, By Type, 2015–2022 (Kiloton)
Table 6 PU Elastomers Market Size, By Type, 2015–2022 (USD Million)
Table 7 Thermoset vs thermoplastic Type of PU Elastomers
Table 8 PU Elastomers Market, By Application 2015–2022 (Kiloton)
Table 9 PU Elastomers Market, By Application, 2015–2022 (USD Million)
Table 10 PU Elastomers Market Size, By Region, 2015–2022 (Kiloton)
Table 11 PU Elastomers Market Size, By Region, 2015–2022 (USD Million)
Table 12 APAC: PU Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 13 APAC: PU Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 14 APAC: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 15 APAC: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 16 China: PU Elastomers Market Size, Application, 2015–2022 (Kiloton)
Table 17 China: PU Elastomers Market, By Application, 2015–2022 (USD Million)
Table 18 Japan: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 19 Japan: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 20 India: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 21 India: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 22 South Korea: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 23 South Korea: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 24 Rest of APAC: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 25 Rest of APAC: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 26 Europe: PU Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 27 Europe: PU Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 28 Europe: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 29 Europe: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 30 Germany: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 31 Germany: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 32 France: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 33 France: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 34 UK: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 35 UK: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 36 Russia: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 37 Russia: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 38 Italy: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 39 Italy: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 40 Spain: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 41 Spain: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 42 Rest of Europe: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 43 Rest of Europe: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 44 North America: PU Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 45 North America: PU Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 46 North America: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 47 North America: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 48 US: PU Elastomers Market Size, By Application 2015–2022 (Kiloton)
Table 49 US: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 50 Canada: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 51 Canada: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 52 Mexico: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 53 Mexico: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 54 Middle East & Africa: PU Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 55 Middle East & Africa: PU Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 56 Middle East & Africa: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 57 Middle East & Africa: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 58 Saudi Arabia: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 59 Saudi Arabia: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 60 South Africa: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 61 South Africa: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 62 UAE: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 63 UAE: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 64 Rest of Middle East & Africa: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 65 Rest of Middle East & Africa: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 66 South America: PU Elastomers Market Size, By Country, 2015–2022 (Kiloton)
Table 67 South America: PU Elastomers Market Size, By Country, 2015–2022 (USD Million)
Table 68 South America: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 69 South America: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 70 Brazil: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 71 Brazil: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 72 Argentina: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 73 Argentina: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 74 Rest of South America: PU Elastomers Market Size, By Application, 2015–2022 (Kiloton)
Table 75 Rest of South America: PU Elastomers Market Size, By Application, 2015–2022 (USD Million)

List of Figures (38 Figures)

Figure 1 PU Elastomers: Market Segmentation
Figure 2 PU Elastomers Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Data Triangulation: PU Elastomers Market
Figure 6 Thermoset PU Elastomers to Continue to Dominate the PU Elastomers Market Till 2022
Figure 7 Footwear Application to Continue to Drive the PU Elastomers Market By 2022
Figure 8 APAC Accounted For the Largest Market Share in the PU Elastomers Market, 2016
Figure 9 Attractive Opportunities in the PU Elastomers Market, 2017 vs. 2022 (Kiloton)
Figure 10 Automotive & Transportation to Be the Fastest Growing Application For PU Elastomers
Figure 11 Thermoset PU Elastomer to Dominate the PU Elastomers Market
Figure 12 APAC to Be the Fastest Growing Market in PU Elastomers Market in 2016
Figure 13 China Was the Largest Market and Footwear Was the Largest Application in APAC Region in 2016
Figure 14 Overview of Factors Governing the PU Elastomers Market
Figure 15 AvErage Crude Oil Prices, 1970–2016
Figure 16 Porter’s Five Forces Analysis
Figure 17 Thermoset PU are Estimated to Be the Largest Market For PU Elastomers During the Forecast Period
Figure 18 PU Elastomers Market in the Automotive & Transportation Segment to Grow Rapidly Between 2017 and 2022
Figure 19 India, China, and Saudi Arabia are Emerging as the New Hotspots in the Global Market Between 2017 and 2022
Figure 20 APAC: PU Elastomers Market Snapshot
Figure 21 China to Remain A Leading Player in the PU Elastomers Market in APAC
Figure 22 North America: PU Elastomers Market Snapshot
Figure 23 US to Dominate the PU Elastomers Market in North America
Figure 24 Expansion and New Product Launch Were the Key Growth Strategies Adopted By the Companies
Figure 25 Key Players Ranking in 2016
Figure 26 BASF: Company Snapshot
Figure 27 BASF: SWOT Analysis
Figure 28 Dow Chemical Company: Company Snapshot
Figure 29 The Dow Chemical Company: SWOT Analysis
Figure 30 Huntsman: Company Snapshot
Figure 31 Huntsman: SWOT Analysis
Figure 32 Covestro: Company Snapshot
Figure 33 Covestro: SWOT Analysis
Figure 34 Mitsui Chemicals: Company Snapshot
Figure 35 Mitsui Chemicals: SWOT Analysis
Figure 36 Chemtura Corporation: Company Snapshot
Figure 37 Tosoh: Company Snapshot
Figure 38 Wanhua Chemical: Company Snapshot

The global PU elastomers market is estimated to reach USD 16.63 Billion by 2022 from USD 12.47 Billion in 2017, at a CAGR of 5.9% from 2017 to 2022. The PU elastomers market has witnessed significant growth in the recent years due to the excellent properties of PU elastomers, such as heat resistance, weathering and ozone resistance, flexibility, durability, aging resistance, huge variety, and chemical resistance. The superior properties of PU elastomers over standard elastomers, metals, and rubbers drive the global PU elastomers market.

The main types of PU elastomers are thermoset PU elastomers and thermoplastic PU elastomers. Based on type, thermoset polyurethane elastomers have a high structural integrity and heat resistance as compared to TPU. Thermoset polyurethane elastomers are renowned for their high impact strength, high resilience, greater load bearing capacity, excellent resistance to oil and grease, and high abrasion resistance. Owing to these properties, they provide the opportunity to be used as per the requirement of specific applications such as automotive & transportation, footwear, and building & construction.

PU elastomers are used in various applications such as footwear, automotive & transportation, industrial machinery, and building & construction. Among these, PU elastomers are majorly used in the footwear application for a perfect combination of ergonomics, microclimate, and sensation to deliver most comfortable experience to consumers. High abrasion resistance, light weight, and excellent long-term mechanical properties are preferable for hardwearing shoe soles. In addition, the growth in demand for PU elastomers is in response to its physical properties, such as enhanced resiliency, high mechanical strength, heat resistance, lower shrinkage, high filler capacity, durability and softness, resistance to hydrolysis, high rigidity, and resistance to chemicals. Low-density compact PU elastomers are used especially for mid-soles and outer soles.

APAC, North America, Europe, Middle East & Africa, and South America have been considered as key markets for PU elastomers in the report. APAC is estimated to lead the PU elastomers market because of the rising demand for PU elastomers from the footwear, automotive, and transportation industries. Europe is the second-largest consumer of PU elastomers. Increasing disposable incomes and rising living standards of consumers are fueling the demand for PU elastomers in various applications

The PU elastomers market is expected to witness significant growth in the coming years. However, factors such as hazardous impact on human health and environment may hinder the growth of the market.

BASF SE (Germany), The Dow Chemical Company (US), Huntsman International LLC (US), Covestro AG (Germany), and Mitsui Chemicals, Inc. (Japan) are the key companies operational in the PU elastomers market. Other major manufacturers of PU elastomers are Chemtura Corporation (US), The Lubrizol Corporation (US), P+S Polyurethan-Elastomere GmbH & Co. KG (Germany), Tosoh Corporation (Japan), and Wanhua Chemical Group Co., Ltd. (China). Targeting new markets will enable PU elastomer manufacturers to overcome the effects of volatile economy, leading to a diversified business portfolio and increase in revenue.

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