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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
PU Elastomers Market size was valued at US$ 16.4 billion in 2023 and is expected to reach a value of US$ 23.7 billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030. The global market report provides a detailed overview of the market, which can be segmented by type and end-user. The Polyurethane (PU) Elastomers market has been segmented into Thermoset PU Elastomer and Thermoplastic PU Elastomer (TPU). The Thermoset PU Elastomer segment is likely to be the largest and fastest-growing in terms of types. Polyurethane (PU) Elastomers are segmented on end-users into Transportation, Industrial, Building and Construction, Mining Equipment, Medical, Agriculture, Oil and Gas, and Electrical and electronics. According to precision business insights, the Transportation segment is predicted to register the fastest growth rate during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Due to the rising use of Polyurethane (PU) elastomers in numerous industries such as automotive, aerospace, and marine, the demand for industrial PU elastomers is predicted to develop significantly throughout the forecast period.
The Asia Pacific market is expected to witness the highest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 16.4 billion |
|
Market Size in 2030 |
US$ 23.7 billion |
|
Market CAGR |
6.5% |
|
By Type |
|
|
By End User |
|
|
By Region |
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The pu elastomers market size was valued at US$ 16.4 billion in 2023
The pu elastomers market key players are: BASF SE Chemtura Corporation (Lanxess AG) Huntsman Corporation Tosoh Corporation Kuraray Co., Ltd. Wanhua Chemical Group Co., LTD. Era Polymers PTY Ltd Lubrizol Covestro AG Coim Group Trelleborg VCM Polyurethanes TSE Industries Sundow Polymers Miracll Chemicals Great Eastern Resins Industrial Co. Ltd.(Greco) Townsend Chemicals Suzhou New Mstar Technologies Sumei Chemical Songwon Avient Taiwan PU Corporation Tosoh Corporation Argonics Headway Group Shandong Huada Chemical New Material Others
The pu elastomers market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global PU Elastomers Market Introduction |
| 2.1. Global PU Elastomers Market Taxonomy |
| 2.2. Global PU Elastomers Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By End User |
| 2.2.3. By Region |
| 3. Global PU Elastomers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global PU Elastomers Market Dynamic Factors - Impact Analysis |
| 3.6. Global PU Elastomers Market Competition Landscape |
| 4. Global PU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global PU Elastomers Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.1. Thermoset PU Elastomer |
| 5.1.1. Cold Cast Elastomers |
| 5.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Hot Cast Elastomers |
| 5.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.2. Thermoplastic PU Elastomer (TPU) |
| 5.2.1. Polyester |
| 5.2.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.1.3. Market Opportunity Analysis |
| 5.2.2. Polyether |
| 5.2.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.2.3. Market Opportunity Analysis |
| 5.2.3. Polycaprolactone |
| 5.2.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3.3. Market Opportunity Analysis |
| 6. Global PU Elastomers Market, By End User Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.1. Transportation |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Industrial |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Building and Construction |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Mining Equipment |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Medical |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Agriculture |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Oil and Gas |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Electrical and Electronics |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global PU Elastomers Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global PU Elastomers Market - Opportunity Analysis Index, By Type, End-User Industry, and Region, 2024 - 2030 |
| 8. North America PU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Thermoset PU Elastomer |
| 8.1.1.1. Cold Cast Elastomers |
| 8.1.1.2. Hot Cast Elastomers |
| 8.1.2. Thermoplastic PU Elastomer (TPU) |
| 8.1.2.1. Polyester |
| 8.1.2.2. Polyether |
| 8.1.2.3. Polycaprolactone |
| 8.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Transportation |
| 8.2.2. Industrial |
| 8.2.3. Building and Construction |
| 8.2.4. Mining Equipment |
| 8.2.5. Medical |
| 8.2.6. Agriculture |
| 8.2.7. Oil and Gas |
| 8.2.8. Electrical and Electronics |
| 8.2.9. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. U.S. |
| 8.3.2. Canada |
| 8.4. North America PU Elastomers Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 8.5. North America PU Elastomers Market Dynamics Trends |
| 9. Europe PU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Thermoset PU Elastomer |
| 9.1.1.1. Cold Cast Elastomers |
| 9.1.1.2. Hot Cast Elastomers |
| 9.1.2. Thermoplastic PU Elastomer (TPU) |
| 9.1.2.1. Polyester |
| 9.1.2.2. Polyether |
| 9.1.2.3. Polycaprolactone |
| 9.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Transportation |
| 9.2.2. Industrial |
| 9.2.3. Building and Construction |
| 9.2.4. Mining Equipment |
| 9.2.5. Medical |
| 9.2.6. Agriculture |
| 9.2.7. Oil and Gas |
| 9.2.8. Electrical and Electronics |
| 9.2.9. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe PU Elastomers Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 9.5. Europe PU Elastomers Market Dynamics Trends |
| 10. Asia-Pacific PU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Thermoset PU Elastomer |
| 10.1.1.1. Cold Cast Elastomers |
| 10.1.1.2. Hot Cast Elastomers |
| 10.1.2. Thermoplastic PU Elastomer (TPU) |
| 10.1.2.1. Polyester |
| 10.1.2.2. Polyether |
| 10.1.2.3. Polycaprolactone |
| 10.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Transportation |
| 10.2.2. Industrial |
| 10.2.3. Building and Construction |
| 10.2.4. Mining Equipment |
| 10.2.5. Medical |
| 10.2.6. Agriculture |
| 10.2.7. Oil and Gas |
| 10.2.8. Electrical and Electronics |
| 10.2.9. Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific PU Elastomers Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific PU Elastomers Market Dynamics Trends |
| 11. Latin America PU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2020 2026 |
| 11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Thermoset PU Elastomer |
| 11.1.1.1. Cold Cast Elastomers |
| 11.1.1.2. Hot Cast Elastomers |
| 11.1.2. Thermoplastic PU Elastomer (TPU) |
| 11.1.2.1. Polyester |
| 11.1.2.2. Polyether |
| 11.1.2.3. Polycaprolactone |
| 11.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Transportation |
| 11.2.2. Industrial |
| 11.2.3. Building and Construction |
| 11.2.4. Mining Equipment |
| 11.2.5. Medical |
| 11.2.6. Agriculture |
| 11.2.7. Oil and Gas |
| 11.2.8. Electrical and Electronics |
| 11.2.9. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America PU Elastomers Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 11.5. Latin America PU Elastomers Market Dynamics Trends |
| 12. Middle East and Africa PU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Thermoset PU Elastomer |
| 12.1.1.1. Cold Cast Elastomers |
| 12.1.1.2. Hot Cast Elastomers |
| 12.1.2. Thermoplastic PU Elastomer (TPU) |
| 12.1.2.1. Polyester |
| 12.1.2.2. Polyether |
| 12.1.2.3. Polycaprolactone |
| 12.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Transportation |
| 12.2.2. Industrial |
| 12.2.3. Building and Construction |
| 12.2.4. Mining Equipment |
| 12.2.5. Medical |
| 12.2.6. Agriculture |
| 12.2.7. Oil and Gas |
| 12.2.8. Electrical and Electronics |
| 12.2.9. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA PU Elastomers Market - Opportunity Analysis Index, By Type, By End User, and Country, 2024 - 2030 |
| 12.5. MEA PU Elastomers Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. BASF SE |
| 13.2.2. Chemtura Corporation (Lanxess AG) |
| 13.2.3. Huntsman Corporation |
| 13.2.4. Tosoh Corporation |
| 13.2.5. Kuraray Co., Ltd. |
| 13.2.6. Wanhua Chemical Group Co., LTD. |
| 13.2.7. Era Polymers PTY Ltd |
| 13.2.8. Lubrizol |
| 13.2.9. Trelleborg AB |
| 13.2.10. Covestro AG |
| 13.2.11. Coim Group |
| 13.2.12. Trelleborg |
| 13.2.13. VCM Polyurethanes |
| 13.2.14. TSE Industries |
| 13.2.15. Sundow Polymers |
| 13.2.16. Miracll Chemicals |
| 13.2.17. Great Eastern Resins Industrial Co. Ltd.(Greco) |
| 13.2.18. Townsend Chemicals |
| 13.2.19. Suzhou New Mstar Technologies |
| 13.2.20. Sumei Chemical |
| 13.2.21. Songwon |
| 13.2.22. Avient |
| 13.2.23. Taiwan PU Corporation |
| 13.2.24. Tosoh Corporation |
| 13.2.25. Argonics |
| 13.2.26. Headway Group |
| 13.2.27. Shandong Huada Chemical New Material |
| 13.2.28. Others |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.