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
Global size of the Polyurethane (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 Polyurethane 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 polyurethane 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 polyurethane 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 polyurethane elastomers market and to estimate the size of various other dependent submarkets. Extensive secondary sources, directories, and databases such as Hoovers, 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 polyurethane elastomers market.
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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).
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 polyurethane elastomers market on the basis of type, end-use industry, and region.
On the Basis of Type:
- Thermoset Polyurethane Elastomers
- Thermoplastic Polyurethane 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 companys 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 polyurethane 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)
The global polyurethane 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 polyurethane 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 polyurethane 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 polyurethane 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 polyurethane 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 polyurethane 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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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 Polyurethane Elastomers Market
4.2 Polyurethane Elastomers Market, By Application
4.3 Polyurethane Elastomers Market, By Type
4.4 Polyurethane Elastomers Market, By Region
4.5 APAC Polyurethane 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 Porters 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 (20122016)
5.4.3 Trends of the Global Construction Industry (20122016)
6 Polyurethane Elastomers Market, By Type (Page No. - 40)
6.1 Introduction
6.2 Thermoset Polyurethane Elastomer
6.3 Thermoplastic Polyurethane Elastomer (TPU)
7 Polyurethane Elastomers Market, 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 Polyurethane 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 (20162022)
Table 3 Total Vehicle Production in 15 Countries, 20122016
Table 4 GDP Contribution of Countries to the Construction Industry(USD Billion), 20122016
Table 5 Market Size, By Type, 20152022 (Kiloton)
Table 6 Market Size, By Type, 20152022 (USD Million)
Table 7 Thermoset vs thermoplastic Type of PU Elastomers
Table 8 PU Elastomers Market, By Application 20152022 (Kiloton)
Table 9 PU Elastomers Market, By Application, 20152022 (USD Million)
Table 10 Market Size, By Region, 20152022 (Kiloton)
Table 11 Market Size, By Region, 20152022 (USD Million)
Table 12 APAC: Market Size, By Country, 20152022 (Kiloton)
Table 13 APAC: Market Size, By Country, 20152022 (USD Million)
Table 14 APAC: Market Size, By Application, 20152022 (Kiloton)
Table 15 APAC: Market Size, By Application, 20152022 (USD Million)
Table 16 China: Market Size, Application, 20152022 (Kiloton)
Table 17 China: PU Elastomers Market, By Application, 20152022 (USD Million)
Table 18 Japan: Market Size, By Application, 20152022 (Kiloton)
Table 19 Japan: Market Size, By Application, 20152022 (USD Million)
Table 20 India: Market Size, By Application, 20152022 (Kiloton)
Table 21 India: Market Size, By Application, 20152022 (USD Million)
Table 22 South Korea: Market Size, By Application, 20152022 (Kiloton)
Table 23 South Korea: Market Size, By Application, 20152022 (USD Million)
Table 24 Rest of APAC: Market Size, By Application, 20152022 (Kiloton)
Table 25 Rest of APAC: Market Size, By Application, 20152022 (USD Million)
Table 26 Europe: Market Size, By Country, 20152022 (Kiloton)
Table 27 Europe: Market Size, By Country, 20152022 (USD Million)
Table 28 Europe: Market Size, By Application, 20152022 (Kiloton)
Table 29 Europe: Market Size, By Application, 20152022 (USD Million)
Table 30 Germany: Market Size, By Application, 20152022 (Kiloton)
Table 31 Germany: Market Size, By Application, 20152022 (USD Million)
Table 32 France: Market Size, By Application, 20152022 (Kiloton)
Table 33 France: Market Size, By Application, 20152022 (USD Million)
Table 34 UK: Market Size, By Application, 20152022 (Kiloton)
Table 35 UK: Market Size, By Application, 20152022 (USD Million)
Table 36 Russia: Market Size, By Application, 20152022 (Kiloton)
Table 37 Russia: Market Size, By Application, 20152022 (USD Million)
Table 38 Italy: Market Size, By Application, 20152022 (Kiloton)
Table 39 Italy: Market Size, By Application, 20152022 (USD Million)
Table 40 Spain: Market Size, By Application, 20152022 (Kiloton)
Table 41 Spain: Market Size, By Application, 20152022 (USD Million)
Table 42 Rest of Europe: Market Size, By Application, 20152022 (Kiloton)
Table 43 Rest of Europe: Market Size, By Application, 20152022 (USD Million)
Table 44 North America: Market Size, By Country, 20152022 (Kiloton)
Table 45 North America: Market Size, By Country, 20152022 (USD Million)
Table 46 North America: Market Size, By Application, 20152022 (Kiloton)
Table 47 North America: Market Size, By Application, 20152022 (USD Million)
Table 48 US: Market Size, By Application 20152022 (Kiloton)
Table 49 US: Market Size, By Application, 20152022 (USD Million)
Table 50 Canada: Market Size, By Application, 20152022 (Kiloton)
Table 51 Canada: Market Size, By Application, 20152022 (USD Million)
Table 52 Mexico: Market Size, By Application, 20152022 (Kiloton)
Table 53 Mexico: Market Size, By Application, 20152022 (USD Million)
Table 54 Middle East & Africa: Market Size, By Country, 20152022 (Kiloton)
Table 55 Middle East & Africa: Market Size, By Country, 20152022 (USD Million)
Table 56 Middle East & Africa: Market Size, By Application, 20152022 (Kiloton)
Table 57 Middle East & Africa: Market Size, By Application, 20152022 (USD Million)
Table 58 Saudi Arabia: Market Size, By Application, 20152022 (Kiloton)
Table 59 Saudi Arabia: Market Size, By Application, 20152022 (USD Million)
Table 60 South Africa: Market Size, By Application, 20152022 (Kiloton)
Table 61 South Africa: Market Size, By Application, 20152022 (USD Million)
Table 62 UAE: Market Size, By Application, 20152022 (Kiloton)
Table 63 UAE: Market Size, By Application, 20152022 (USD Million)
Table 64 Rest of Middle East & Africa: Market Size, By Application, 20152022 (Kiloton)
Table 65 Rest of Middle East & Africa: Market Size, By Application, 20152022 (USD Million)
Table 66 South America: Market Size, By Country, 20152022 (Kiloton)
Table 67 South America: Market Size, By Country, 20152022 (USD Million)
Table 68 South America: Market Size, By Application, 20152022 (Kiloton)
Table 69 South America: Market Size, By Application, 20152022 (USD Million)
Table 70 Brazil: Market Size, By Application, 20152022 (Kiloton)
Table 71 Brazil: Market Size, By Application, 20152022 (USD Million)
Table 72 Argentina: Market Size, By Application, 20152022 (Kiloton)
Table 73 Argentina: Market Size, By Application, 20152022 (USD Million)
Table 74 Rest of South America: Market Size, By Application, 20152022 (Kiloton)
Table 75 Rest of South America: Market Size, By Application, 20152022 (USD Million)
List of Figures (38 Figures)
Figure 1 PU Elastomers: Market Segmentation
Figure 2 Polyurethane Elastomers Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Data Triangulation: Polyurethane Elastomers Market
Figure 6 Thermoset PU Elastomers to Continue to Dominate the Market Till 2022
Figure 7 Footwear Application to Continue to Drive the Market By 2022
Figure 8 APAC Accounted For the Largest Market Share in the Market, 2016
Figure 9 Attractive Opportunities in the Polyurethane 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 Market
Figure 12 APAC to Be the Fastest Growing 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 Market
Figure 15 AvErage Crude Oil Prices, 19702016
Figure 16 Porters Five Forces Analysis
Figure 17 Thermoset PU are Estimated to Be the Largest Market For PU Elastomers During the Forecast Period
Figure 18 Polyurethane 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: Polyurethane Elastomers Market Snapshot
Figure 21 China to Remain A Leading Player in the Polyurethane Elastomers Market in APAC
Figure 22 North America: Polyurethane Elastomers Market Snapshot
Figure 23 US to Dominate the 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
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