The global High Performance Polyurethane Elastomer Market is expected to reach a market size of USD 27.19 Billion at a rapid CAGR of 4.3% in 2028, according to the latest analysis by Emergen Research. Increase in the demand from automobile industry and footwear industry is a key factor driving the growth of the market. Durability, high temperature resistance, cut resistance, and abrasion resistance are important properties that increase demand for polyurethane elastomers. Being lightweight, polyurethane elastomers are extensively used in automobile industry to manufacture body panels, bumpers, exterior and interior components.
Rise in the demand for lighter vehicles with better fuel efficiency is also driving the market in the positive direction. Need for the automobile industry to check carbon emissions persuades them to produce lightweight vehicles. Increasing population all over the world is also a major factor contributing to the growth of the market. Rising construction activities and rapid urbanization of developing economies all over the world further propel the growth of the market. Expansion of industrial vertical in countries like USA, Canada and India also adds to the growing market.
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The report further sheds light on the competitive landscape of the High Performance Polyurethane Elastomers Market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Key players in the market include BASF SE, Covestro AG, DowDuPont, Eurofoam Group Co., Huntsman Corp., Recticel SA, Mitsui Chemicals, Wanhua Industrial Group, Armacell Enterprise GmbH & Co. KG, Carpenter Co.
Emergen Research has segmented the global High Performance Polyurethane Elastomer Market based on type, application and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Thermoset PU elastomers
Thermoplastic PU elastomers
Application Outlook (Revenue, USD Billion; 2018–2028)
Building & construction
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
Key Benefits of Buying the Global High Performance Polyurethane Elastomer Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global High Performance Polyurethane Elastomer Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global High Performance Polyurethane Elastomer Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global High Performance Polyurethane Elastomer Market
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