Industrial PU Elastomer Market: Industry Analysis and Forecast (2021-2027) by Type, Application, and Region

The Industrial PU Elastomer Market is expected to grow by US$ 10.51 Billion by 2027, thanks to growth in the Type and Application segment. The report analyzes market dynamics by region and end-user industries.

Industrial PU Elastomer Market Overview:

The Industrial PU Elastomer Market was valued at US$ 6.85 Bn. in 2020, and it is expected to grow at US$ 10.51 Bn. by 2027 with a CAGR of 6.3% during the forecast period. Polyurethane (PU) elastomers are synthetics having elastic properties manufactured by reacting polymeric materials. They are based on diisocyanates, polyols, and in some cases chain extenders. These elastomers are made by combining hard (isocyanate) and flexible (polyol) components, with different selections resulting in better polyurethane elastomers. PU elastomers are first-class materials used for coatings. Industrial PU Elastomer Market To know about the Research Methodology :- Request Free Sample Report

COVID–19 Influence on Industrial PU Elastomer Market:

• Unlike other industries, the medical and healthcare industry had a positive impact on the pandemic. Medical devices like thermal scanners, ventilators, diagnostic devices, and patient care items were in huge demand as the COVID-19 patients across the globe were rising. Pu elastomer is used for the production of this medical equipment. Thus, the pandemic surged the demand for PU elastomers and led to the growth of the market. • The pandemic harmed the transportation industry. As transportation mounts, suspension pads, damper springs, busing, drive belts, bunnage, bed liners, filters, wheels, tires, tire fills, rollers, and various components are all made from PU elastomers. The manufacturing and fabrication of aeronautical, automotive, and marine components had been halted in major economies like China, Germany, the US, and many others leading to a shortage of raw materials, a slowdown in logistics, and a reduction in manpower. As a result, there has been a sharp drop in consumer presence in stores and automotive sales.

Industrial PU Elastomer Market Dynamics:

With the qualities such as tear and corrosion resistance, high load-bearing capacity, chemically inert, and excellent dynamic performance, transportation is one of the main end-use industries for PU elastomers. Industrial PU elastomers are important in reducing the overall weight of transportation equipment, which improves fuel efficiency and reduces pollution emissions. Thus, the popularity of lightweight designs of the equipment used in the production of transportation components are expected to drive the demand for PU elastomers as well as the market growth during the forecast period. Thermoplastic PU elastomer is a high-temperature operating elastomer that requires highly qualified technical expertise during its manufacturing process. Since the process is more complicated than that of other types of plastics, such as PE, PVC, natural rubbers, and conventional PU, the manufacturing of this specific elastomer involves a huge investment. Furthermore, compounding grades of polyethylene, polypropylene, acrylonitrile butadiene styrene and PU are being produced that have qualities similar to industrial PU elastomers but are less expensive. Thus, the high manufacturing cost and constantly increasing prices of its raw material are the factors expected to limit the use of industrial PU elastomer in some of the industries like automotive, transportation, aerospace, marine, and others. Thermoplastic PU elastomer has good chemical and mechanical properties, as well as being biocompatible, all of which are essential in medical applications. Furthermore, features such as wear resistance, low temperature, oil, chemical resistance, and resilience make thermoplastic PU elastomer an excellent alternative to PVC. Plasticizers are found in PVC, which might provide a safety risk. Plasticizers contain phthalates, which can cause liver problems, cancer, and reproductive tract abnormalities in male infants. When PVC is burned, it emits hazardous compounds and causes environmental issues. Since some medical equipment is introduced into the human body for treatment purposes, safety and comfort are important considerations when selecting materials for medical devices. Catheters, medical devices, orthodontic devices, and wound care products are examples of their use in healthcare. As the demand for minimum encroaching surgery is increasing, it is also providing lucrative growth opportunities in front of industrial PU elastomer manufacturers. Crude oil, natural gas, TDI, MDI, and polyols are the primary raw materials needed to manufacture thermoplastic PU elastomer. These petroleum-based basic materials are sensitive to price fluctuations. For PU manufacturers, the price and availability of raw materials are the most important factors in defining the cost structure of their products. The price of thermoplastic PU elastomers has been volatile due to raw material price volatility. Adipic acid is a polyester polyol used in the production of thermoplastic PU elastomers. A significant amount of adipic acid is used in the manufacture of nylon around the world. Increased nylon demand, combined with changing lifestyles in developing nations like China and India, has resulted in an adipic acid supply imbalance. Thus, the price of PU elastomers has risen much more as a result of this imbalance. So, maintaining the economic price of the product is a challenging task for the PU elastomer manufacturers.

Industrial PU Elastomer Market Segment Analysis:

Based on Type, the Industrial PU Elastomer Market is segmented into two types as follows, Thermoplastic PU Elastomer and Thermoset PU Elastomer. In 2020, the thermoset PU elastomer segment led the market by accounting xx% of the overall market share, owing to given the low cost and widespread availability of thermoset PU elastomers around the world, particularly in Asia Pacific. High impact strength, good resilience, high load-bearing capacity, remarkable resistance to oil and grease, and high corrosion resistance are all features of the Thermoset PU elastomer making them a suitable material for various industries like mining equipment, medical, manufacturing, transportation, building & construction, and material handling. The thermoplastic PU elastomer segment, on the other hand, is expected to grow at a faster rate of xx% over the forecast period, thanks to its remarkable benefits in filling the gap between elastic rubber and rigid plastics. Industrial PU Elastomer Market 1 Based on Application, the Industrial PU Elastomer Market is segmented into six types as follows, Transportation (Automotive, Marine, Aerospace), Industrial (Material Handling, Manufacturing), Mining Equipment, Construction and Building, Medical and Healthcare, and Others. The transportation segment is expected to dominate the global market over the forecast period. Outstanding properties such as excellent resilience, high mechanical strength, heat resistance, lower shrinkage, high filler capacity, improved abrasion resistance, durability and softness, resistance to hydrolysis, high rigidity, and chemical resistance, industrial PU elastomers are expected to see increased use in the transportation industry.

Industrial PU Elastomer Market Regional Insights:

In 2020, Asia Pacific was the dominant and largest market for industrial PU elastomer accounting xx% of the overall market share. The industrial sector and transportation sector are very predominant in this region thanks to the cheap labor costs, availability of raw materials, supportive government policies, and high demand for transportation equipment. Other factors like the innovation of e-vehicles, growing construction, and building activities, growing population, and rising per capita income are expected to drive the demand for the market in this region during the forecast period.

Recent Advancements:

• In June 2021, to meet the growing demand for PU systems and products, Dow built an integrated MDI distillation and Prepolymers facility in Freeport, Texas. The MDI facility is expected to be operational in 2023, after which the company's PU assets at the La Porte site in the United States will be shut down. • In December 2020, BASF and Meiban cooperated to develop the Elastollan soft-touch feel thermoplastic PU series, which leads to new design possibilities. • In May 2020, Covestro and Teknor Apex, a global plastics compounder, teamed up to create a compounding industrial thermoplastic PU elastomer. The collaboration wanted to provide clients with customized items, both old and new. • In August 2019, Lanxess launched Adiprene Green, a new product of MDI polyether prepolymers made from bio-based raw materials. The characteristics of Adiprene Green are similar to those of the company's fossil-based polyether elastomers. The objective of the report is to present a comprehensive analysis of the Industrial PU Elastomer Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Industrial PU Elastomer Market dynamics, structure by analyzing the market segments and project the Industrial PU Elastomer Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Industrial PU Elastomer Market make the report investor’s guide.

Industrial PU Elastomer Market Scope:Inquire before buying

Industrial PU Elastomer Market 3

Industrial PU Elastomer Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Industrial PU Elastomer Market Key Players

Huntsman • Covestro • Era PolymersMitsui ChemicalsNotedome • Lanxess • The Lubrizol Corporation • Wanhua Chemical Company • BASF SE • Inoac Corporation • Headway Group • Chemtura Corporation • Trelleborg • Tosoh • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Industrial PU Elastomer market report? Ans. The forecast period for the Industrial PU Elastomer market is 2021-2027. 2. Which key factors are hindering the growth of the Industrial PU Elastomer market? Ans. The high manufacturing cost and increasing raw materials prices are the key factors expected to hinder the growth of the Industrial PU Elastomer market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Industrial PU Elastomer market for the next 6 years? Ans. The Industrial PU Elastomer Market is expected to grow at a CAGR of 6.3% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Industrial PU Elastomer market? Ans. The popularity of lightweight designs of the equipment used in the production of transportation components is expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Industrial PU Elastomer market report? Ans. Huntsman, Covestro, Era Polymers, Mitsui Chemicals, Notedome, Lanxess, The Lubrizol Corporation, Wanhua Chemical Company, BASF SE, Inoac Corporation, Headway Group, Chemtura Corporation, Trelleborg, Tosoh, and Others.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Industrial PU Elastomer Market Size, by Market Value (US $Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Industrial PU Elastomer Market 3.4. Geographical Snapshot of the Industrial PU Elastomer Market, By Manufacturer share 4. Industrial PU Elastomer Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Industrial PU Elastomer Market 5. Supply Side and Demand Side Indicators 6. Industrial PU Elastomer Market Analysis and Forecast, 2020-2027 6.1. Global Industrial PU Elastomer Products Market Size & Y-o-Y Growth Analysis. 7. Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Thermoplastic PU Elastomer 7.1.2. Thermoset PU Elastomer 7.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.2.1. Transportation 7.2.1.1. Automotive 7.2.1.2. Marine 7.2.1.3. Aerospace 7.2.2. Industrial 7.2.2.1. Material Handling 7.2.2.2. Manufacturing 7.2.3. Mining Equipment 7.2.4. Construction and Building 7.2.5. Medical and Healthcare 7.2.6. Others 8. Industrial PU Elastomer Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Thermoplastic PU Elastomer 9.1.2. Thermoset PU Elastomer 9.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.2.1. Transportation 9.2.1.1. Automotive 9.2.1.2. Marine 9.2.1.3. Aerospace 9.2.2. Industrial 9.2.2.1. Material Handling 9.2.2.2. Manufacturing 9.2.3. Mining Equipment 9.2.4. Construction and Building 9.2.5. Medical and Healthcare 9.2.6. Others 10. North America Industrial PU Elastomer Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Industrial PU Elastomer Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Industrial PU Elastomer Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Fungicide Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Industrial PU Elastomer Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Industrial PU Elastomer Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Industrial PU Elastomer Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Industrial PU Elastomer Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Technology and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Huntsman 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Covestro 45.3.3. Era Polymers 45.3.4. Mitsui Chemicals 45.3.5. Notedome 45.3.6. Lanxess 45.3.7. The Lubrizol Corporation 45.3.8. Wanhua Chemical Company 45.3.9. BASF SE 45.3.10. Inoac Corporation 45.3.11. Headway Group 45.3.12. Chemtura Corporation 45.3.13. Trelleborg 45.3.14. Tosoh 45.3.15. Others 46. Primary Key Insights

About This Report

Report ID 122446
Category Material & Chemical
Published Date Oct 2021
Updated Date
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