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PU Elastomers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

PU Elastomers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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PU Elastomers Market: by Type (Thermoset PU Elastomer, Thermoplastic PU Elastomer (TPU)) End User (Transportation, Industrial, Building and Construction, Mining Equipment, Medical, Agriculture, Oil and Gas, Electrical and Electronics) and Geography

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Report

Description

PU Elastomers Market size was valued at USD 15.4 billion in 2021 and is expected to reach a value of USD 21.7 billion by 2028, growing at a CAGR of 5.1% from 2022 to 2028. 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. The Polyurethane (PU) Elastomers are segmented on end-users into Transportation, Industrial, Building and Construction, Mining Equipment, Medical, Agriculture, Oil & Gas, and Electrical & Electronics. According to precision business insights, the Transportation segment is predicted to register the fastest growth rate during the forecast period.

Key Development:

In December 2020, BASF collaborated with Meiban to create the Elastollan soft-touch feel thermoplastic PU series that enables new design possibilities.

PU Elastomers Market

MARKET SUMMARY
-
5.1%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

PU Elastomers Market

  • The pu elastomers market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The pu elastomers market report gives historical, current, and future market sizes (US$ Mn) based on by type, end user and geography.
Key Players
  • Lubrizol
  • Covestro AG
  • Coim Group
  • Trelleborg
  • VCM Polyurethanes
PU Elastomers Market Drivers

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.

Asia-Pacific Got Significant Share

PU Elastomers Market

The Asia Pacific market is expected to witness the highest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features of the Report

  • The pu elastomers market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The pu elastomers market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The pu elastomers market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The pu elastomers market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The pu elastomers market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
PU Elastomers Market Segmentation

segmentation-block-image

By Type

    • Thermoset PU Elastomer,
    • Thermoplastic PU Elastomer (TPU)
segmentation-block-image

By end user

    • Transportation,
    • Industrial, Building and Construction,
    • Mining Equipment,
    • Medical,
    • Agriculture,
    • Oil and Gas,
    • Electrical and Electronics
segmentation-block-image

By Geography

    • North America,
    • Europe,
    • Asia Pacific,
    • Latin America and
    • Middle East and Africa
Location

GEOGRAPHY

Frequently Asked Questions

The pu elastomers market is projected to expand at a CAGR of 5.1% during the forecast period.

The major global PU elastomers market players are ​​​ Trelleborg Engineered Products, Cellular Mouldings, Herikon, Argonics, Galagher Corp., LyondellBasell Industries, Sinopec (China Petrochemical Corporation), American Urethane, Chemtura (Lanxees), VCM Polyurethanes, Covestro, Huntsman International, DuPont.

Asia Pacific is the fastest-growing region for pu elastomers market

Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
5.1. Thermoset PU Elastomer
5.1.1. Cold Cast Elastomers
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
6.1. Transportation
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
8. North America PU Elastomers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
8.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
8.5. North America PU Elastomers Market Dynamics – Trends
9. Europe PU Elastomers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
9.5. Europe PU Elastomers Market Dynamics – Trends
10. Asia-Pacific PU Elastomers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
10.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
10.5. Asia-Pacific PU Elastomers Market Dynamics – Trends
11. Latin America PU Elastomers Market Analysis, 2017 – 2021 and Forecast, 2020 – 2026
11.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028  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, 2022 – 2028
11.5. Latin America PU Elastomers Market Dynamics – Trends
12. Middle East and Africa PU Elastomers Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn )
12.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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
Report

Company Profile

  • 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

Description

PU Elastomers Market size was valued at USD 15.4 billion in 2021 and is expected to reach a value of USD 21.7 billion by 2028, growing at a CAGR of 5.1% from 2022 to 2028. 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. The Polyurethane (PU) Elastomers are segmented on end-users into Transportation, Industrial, Building and Construction, Mining Equipment, Medical, Agriculture, Oil & Gas, and Electrical & Electronics. According to precision business insights, the Transportation segment is predicted to register the fastest growth rate during the forecast period.

Key Development:

In December 2020, BASF collaborated with Meiban to create the Elastollan soft-touch feel thermoplastic PU series that enables new design possibilities.

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