Polyurethane Elastomers Market in the Automotive & Transportation Segment to Grow Rapidly Between 2017 and 2022
The report “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region – Global Forecast to 2022”, Globally, people are opting for products that deliver outstanding performance and have a long life. PU elastomers are used as a replacement for standard elastomers, metals, and rubbers because of their unique set of properties such as heat resistance, weathering resistance, ozone resistance, chemical resistance, oil & gas resistance, aging resistance, flexibility, durability, and huge variety. These factors ultimately increase the demand for PU elastomers globally.
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BASF SE (Germany), The Dow Chemical Company (US), Huntsman International LLC (US), Covestro AG (Germany), and Mitsui Chemicals, Inc. (Japan) are the key companies operational in the polyurethane elastomers market. Other major manufacturers of PU elastomers are Chemtura Corporation (US), The Lubrizol Corporation (US), P+S Polyurethan-Elastomere GmbH & Co. KG (Germany), Tosoh Corporation (Japan), and Wanhua Chemical Group Co., Ltd. (China). Targeting new markets will enable PU elastomer manufacturers to overcome the effects of volatile economy, leading to a diversified business portfolio and increase in revenue.
On the Basis of Type:
- Thermoset Polyurethane Elastomers
- Thermoplastic Polyurethane Elastomers
On the Basis of Application:
- Footwear
- Automotive & Transportation
- Industrial Machinery
- Building & Construction
On the Basis of Region:
- APAC
- Europe
- North America
- Middle East & Africa
- South America
Browse 75 market data tables and 38 figures spread through 125 pages here – https://www.marketsandmarkets.com/PressReleases/polyurethane-elastomers.asp
Footwear application is estimated to lead the PU elastomers market during the forecast period.
PU elastomers are majorly used in footwear application for the perfect combination of ergonomics, microclimate, and sensation to deliver the most comfortable experience to consumers. High abrasion resistance, light weight, and excellent long-term mechanical properties are preferable for hardwearing shoe soles in footwear applications. In addition, the growth in demand for PU elastomers is in response to their physical properties, such as enhanced resiliency, high mechanical strength, heat resistance, lower shrinkage, high filler capacity, improved abrasion resistance, durability, softness, resistance to hydrolysis, high rigidity, and resistance to chemicals. The low-density compact PU elastomers are used especially for mid-soles and outer soles.
