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Polyurethane Elastomers Market Share

Report ID: GMI3899
Published Date: Aug 2023
Report Format: PDF

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Polyurethane Elastomers Market Share

Some of the major business players operating in the Polyurethane elastomers market are

Covestro AG
BASF SE
Dow Inc
Huntsman Corporation
The Lubrizol Corporation
Wanhua Chemical Group Co., Ltd.
Mitsui Chemicals, Inc.
LANXESS AG
Chemtura Corporation
Era Polymers Pty Ltd
Trelleborg AB
Polytek Development Corp.
Huntsman Advanced Materials
COIM Group
The Vita Group

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of polyurethane elastomers was worth 19.14 billion in 2023 and will reach USD 30.98 billion by 2032 due to the widespread product usage in applications where materials are subjected to abrasion, impact, and mechanical stress.

Polyurethane elastomers market from the thermoplastic polyurethane segment was valued at USD 5.1 billion in 2022 and will witness significant CAGR from 2023-2032 on account of the excellent abrasion resistance of thermoplastic polyurethane.

The injection molding segment held 40% of the polyurethane elastomer industry share in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the widespread applications in the automotive, electronics, and medical industries.

Covestro AG, BASF SE, Dow Inc., Huntsman Corporation, The Lubrizol Corporation, Wanhua Chemical Group Co., Ltd., Mitsui Chemicals, Inc., LANXESS AG, Chemtura Corporation, and Era Polymers Pty Ltd, are some of the major polyurethane elastomer companies worldwide.