Industrial PU Elastomers Market
Global Industrial PU Elastomers Market Size, Share & Trends Analysis Report by Type (Thermosetting PU Elastomers and Thermoplastic PU Elastomers), by Additives (Pigments, Blowing Agents, Fillers, Smoke Retardants, and Flame Retardants), and by Application (Transportation, Industrial, Building & Construction, Medical, Footwear, and Others) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
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.
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.
Impact of COVID-19 Pandemic on Global Industrial PU Elastomers Market
The COVID-19 pandemic had halted the component manufacturing and fabrication facilities of the aerospace, automotive, and marine sector due to a shortage of raw materials and unavailability of labor workforce. Additionally, the decline of automobile sales had drastically reduced the demand for PU elastomers. However, during the same timeframe, the demand for various medical equipment including ventilators, and thermal scanners had grown significantly. With the sudden global health emergency, regulatory authorities had approved various diagnostic instruments and devices which are manufactured through plastics, adhesives, and elastomers. Thus, the medical segment recorded significant growth during the pandemic period.
Segmental Outlook
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 Share by Application, 2020 (%)
The Consumer Electronics Segment Held Considerable Share in the Global Industrial PU Elastomers Market
The transportation segment held considerable share in the industrial PU elastomers market. The replacement of conventional metals and rubbers with the PU elastomers due to their easy processing, high impact strength, low weight, temperature resistance, good abrasive resistance, and economical cost will generate demand for industrial PU elastomers in the transportation sector. These elastomers are used in manufacturing various automotive components including cables, jackets, gear shift knobs, brake tubes, cup holders, bellows, snow traction devices, slush molding, and bumpers.
The thermosetting PU elastomers hold a major share in the market as these elastomers have various properties including high impact strength, excellent resilience, good load-bearing capacity, high abrasive resistance, and exceptional resistance for oil & grease. These properties make these elastomers an excellent material for a wide range of industrial applications including hydraulic applications.
Regional Outlooks
The global industrial PU elastomers market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America).
Global Industrial PU Elastomers Market Growth, by Region 2021-2027
The Asia-Pacific is Anticipated to Exhibit Considerable Growthin the Global Industrial PU Elastomers Market
Asia-Pacific is anticipated to exhibit considerable growth in the industrial PU elastomer market. The rapid shift of manufacturing facilities of industrial PU elastomers from Europe to the Asia-Pacific region had driven the market growth across the region. India and China are the major contributors to this regional market. Transportation, mining equipment, and building & construction are the major industries of Asia-Pacific that are generating demand for PU elastomers. The supportive government regulations, availability of an economic labor force, and abundance of natural resources are expected to further drive the market growth of industrial PU elastomers in the Asia-Pacific region.
Market Players Outlook
The major companies serving the global industrial PU elastomers market include BASF SE, Bayer CropScience Ltd., DuPont de Nemours, Inc., The Dow Chemical Co., 3M, Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Covestro had collaborated with Teknor Apex in May 2020, to develop compounding industrial thermoplastic PU elastomers that can serve the customization requests of the customers.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global industrial PU elastomers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Industrial PU Elastomers Market
• Recovery Scenario of Global Industrial PU Elastomers Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. BASF SE
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Bayer CropScience Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. DuPont de Nemours, Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. The Dow Chemical Co.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. 3M Co.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Industrial PU Elastomers Market by Type
5.1.1. Thermosetting PU Elastomers
5.1.2. Thermoplastic PU Elastomers
5.2. Global Industrial PU Elastomers Market by Additives
5.2.1. Pigments
5.2.2. Blowing Agents
5.2.3. Fillers
5.2.4. Smoke Retardants
5.2.5. Flame Retardants
5.3. Global Industrial PU Elastomers Market by Application
5.3.1. Transportation
5.3.2. Industrial
5.3.3. Building & Construction
5.3.4. Medical
5.3.5. Footwear
5.3.6. Others (including Mining Equipment, Furniture, Adhesives and Sealants)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 3M Co.
7.2. Accella Polyurethane Systems
7.3. Argonics, Inc.
7.4. BASF SE
7.5. Bayer CropScience Ltd.
7.6. Blackwell Plastics LLP
7.7. BSW Berleburger Schaumstoffwerk GmbH
7.8. Covestro AG
7.9. DuPont de Nemours, Inc.
7.10. Herikon BV
7.11. Huntsman International LLC
7.12. LANXESS AG
7.13. Mitsui Chemicals, Inc.
7.14. P+S Polyurethan-Elastomere GmbH & Co. KG
7.15. The Dow Chemical Co.
7.16. The Lubrizol Corp.
7.17. Tosoh Corp.
7.18. Trelleborg AB
7.19. VCM Polyurethanes Pvt. Ltd.
7.20. Wanhua Chemical Group Co.,Ltd.
1. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL THERMOSETTING PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL THERMOPLASTIC PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY ADDITIVES, 2020-2027 ($ MILLION)
5. GLOBAL PIGMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL BLOWING AGENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL FILLERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL SMOKE RETARDANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL FLAME RETARDANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
11. GLOBAL TRANSPORTATION PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL BUILDING & CONSTRUCTION PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL MEDICAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL FOOTWEAR PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL OTHER PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
18. NORTH AMERICAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. NORTH AMERICAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
20. NORTH AMERICAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY ADDITIVES, 2020-2027 ($ MILLION)
21. NORTH AMERICAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
22. EUROPEAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
23. EUROPEAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
24. EUROPEAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY ADDITIVES, 2020-2027 ($ MILLION)
25. EUROPEAN INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY ADDITIVES, 2020-2027 ($ MILLION)
29. ASIA-PACIFIC INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
30. REST OF THE WORLD INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
31. REST OF THE WORLD INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY ADDITIVES, 2020-2027 ($ MILLION)
33. REST OF THE WORLD INDUSTRIAL PU ELASTOMERS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL INDUSTRIAL PU ELASTOMERS MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL INDUSTRIAL PU ELASTOMERS MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL INDUSTRIAL PU ELASTOMERS MARKET, 2021-2027 (%)
4. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL THERMOSETTING PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL THERMOPLASTIC PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET SHARE BY ADDITIVES, 2020 VS 2027 (%)
8. GLOBAL PIGMENTS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL BLOWING AGENTS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL FILLERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL SMOKE RETARDANTS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL FLAME RETARDANTS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
14. GLOBAL TRANSPORTATION PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL BUILDING & CONSTRUCTION PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL MEDICAL PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL FOOTWEAR PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL OTHER PU ELASTOMERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL INDUSTRIAL PU ELASTOMERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
21. US INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
22. CANADA INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
23. UK INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
24. FRANCE INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
25. GERMANY INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
26. ITALY INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
27. SPAIN INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF EUROPE INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
29. INDIA INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
30. CHINA INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
31. JAPAN INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
32. SOUTH KOREA INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF ASIA-PACIFIC INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
34. REST OF THE WORLD INDUSTRIAL PU ELASTOMERS MARKET SIZE, 2020-2027 ($ MILLION)
