The global industrial PU elastomers market is anticipated to grow at a significant CAGR of 6.4% during the forecast period. The growing usage of industrial PU elastomer in different industries is a key factor driving the market growth. The PU is a polymer with isocyanate and polyols linkage arranged in an alternate manner. The elastomers of PU have various properties including abrasive resistance, electric insulation, and reduced weight which makes it a suitable material to be used for different types of industrial applications. Additionally, it can withstand extreme weather conditions which makes it suitable to be used in marine and aerospace applications. Thus, the rising demand for PU elastomers from various industries including the packaging industry is expected to drive market growth during the forecast period.
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However, the establishment of a manufacturing facility of PU elastomers requires a high amount of investment. Additionally, a high level of technical expertization is required for its manufacturing which restrains the market growth. Apart from this, compounding grades of polyethylene, polypropylene, and acrylonitrile butadiene styrene are developed which have similar properties to industrial PU elastomers and are economical in cost. Thus, these product alternatives create touch competition for the industrial PU elastomers market.
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The global industrial PU elastomers market is segmented based on the type, additives, and application. Based on the type, the market is segmented into thermosetting PU elastomers and thermoplastic PU elastomers. Based on additives, the market is sub-segmented into pigments, blowing agents, fillers, smoke retardants, and flame retardants. Based on output type, the market is sub-segmented into analog and digital. Based on application, the market is sub-segmented into transportation, industrial, building & construction, medical, footwear, and others (including mining equipment, furniture, adhesives and sealants).
Global Industrial PU Elastomers Market – Segmentation
by Type
Thermosetting PU Elastomers
Thermoplastic PU Elastomers
by Additives
Pigments
Blowing Agents
Fillers
Smoke Retardants
Flame Retardants
by Application
Transportation
Industrial
Building & Construction
Medical
Footwear
Others (including Mining Equipment, Furniture, Adhesives and Sealants)
Global Industrial PU Elastomers Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
3M Co.
Accella Polyurethane Systems
Argonics, Inc.
BASF SE
Bayer CropScience Ltd.
Blackwell Plastics LLP
BSW Berleburger Schaumstoffwerk GmbH
Covestro AG
DuPont de Nemours, Inc.
Herikon BV
Huntsman International LLC
LANXESS AG
Mitsui Chemicals, Inc.
P+S Polyurethan-Elastomere GmbH & Co. KG
The Dow Chemical Co.
The Lubrizol Corp.
Tosoh Corp.
Trelleborg AB
VCM Polyurethanes Pvt. Ltd.
Wanhua Chemical Group Co.,Ltd.
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