- Thermoset PU Elastomer,
- Thermoplastic PU Elastomer (TPU)
PU Elastomers Market size was valued at USD 15.4 billion in 2022 and is expected to reach a value of USD 21.7 billion by 2029, growing at a CAGR of 5.1% from 2023 to 2029. 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.
PU Elastomers Market 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 Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.1%
Largest Market
North America
Fastest Growing Market
Asia Pacific
PU Elastomers Market Dynamics
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 Regional Analysis
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
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Pu Elastomers Market Segmentation
By Type
By End User
- Transportation,
- Industrial, Building and Construction,
- Mining Equipment,
- Medical,
- Agriculture,
- Oil and Gas,
- Electrical and Electronics
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America and
- Middle East and Africa
Frequently Asked Questions
The pu elastomers market size was valued at USD 15.4 million in 2022
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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.1. Thermoset PU Elastomer |
| 5.1.1. Cold Cast Elastomers |
| 5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1. Transportation |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 8. North America PU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 8.5. North America PU Elastomers Market Dynamics Trends |
| 9. Europe PU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 9.5. Europe PU Elastomers Market Dynamics Trends |
| 10. Asia-Pacific PU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.5. Asia-Pacific PU Elastomers Market Dynamics Trends |
| 11. Latin America PU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2020 2026 |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.5. Latin America PU Elastomers Market Dynamics Trends |
| 12. Middle East and Africa PU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- 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