Chemical

According to a market report by Lucintel, the future of the polyurethane elastomer market looks promising with opportunities in the transportation, aerospace, construction, footwear, electrical & electronics, adhesives & sealants, medical, and textile industries. The global polyurethane elastomer market is expected to reach an estimated $16.9 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are growing consumption of footwear and increasing usage of polyurethane elastomer in the production of tires and body panels of automobiles.



In this market, injection molding, extrusion, and blow and compression molding are the major process method segments elastomer. Lucintel forecasts that injection molding will remain the largest process method segment over the forecast period because it is a cost-effective method, which ensures enhanced strength and higher flexibility as compared to other types of processing methods.



Within this market, footwear is expected to remain the largest segment due to its increasing application of polyurethane elastomer in the production of comfortable and lightweight footwear as it ensures excellent abrasion resistance, durability, and softness.



APAC will remain the largest region due to growing demand from the footwear sector and significant growth in the automotive industry.

Tosoh Corporation, Dow, BASF SE, Covestro AG, and Huntsman International are the major suppliers in the global polyurethane elastomer market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global polyurethane elastomer market by material type, processing method, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Polyurethane Elastomer Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global polyurethane elastomer market by material type, processing method, application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the polyurethane elastomer market by material type (thermoplastic and  thermoset), processing method (injection molding, extrusion, and blow and compression molding), application (automotive body panels, tires, adhesives, fibers, industrial tools, appliances, conveyor belts, sealing gaskets, lubricants, consumer products, and others), end use industry (transportation, aerospace, construction, footwear, electrical & electronics, adhesives & sealants, medical, textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?