Industrial PU Elastomer Market Trend, Share, Growth, Size and Forecast 2032

Industrial PU Elastomer Market Insights

According to the report published by Zion Market Research, the global Industrial PU Elastomer Market size was valued at USD 8.70 Billion in 2023 and is predicted to reach USD 14.17 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.47% during the forecast period. The report analyzes the global Industrial PU Elastomer Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Industrial PU Elastomer Market industry.

Request Free Sample

Global Industrial PU Elastomer Market: Overview

Polyurethane elastomers are substances with elastomeric properties based on extenders, diisocyanates, and polyols. These elastomers are processed by compression, blow, extrusion, and injection molding equipment that can be solution-coated or vacuum formed. The polyurethane elastomers are utilized for a wide range of fabrication methodologies and can be easily converted into different shapes. Moreover, they are light in weight as compared to metals and facilitate superior stress recovery. These elastomers are effectively resistant to harsh environmental factors. It offers a considerable number of mechanical properties that make them an extremely flexible and adaptable material to a large number of applications including footwear sole making, agitators, truck bed liner, run-flat tire, gaskets, seals, tire fill products, pulley, and belts.

Global Industrial PU Elastomer Market: Growth Factors

The growing demand for lightweight and highly efficient materials in the transportation sector is one of the major factors driving the growth of the global industrial PU elastomer market. Furthermore, the automobile manufacturers prefer these substances over the traditional metal because of their enhanced efficiency owing to their lower fuel consumption and carbon emissions. These elastomers are a long chain of polymers made up of large molecules.

Further, the chains are reconfigured within themselves. Therefore, they permit elastomers to move into their original place. The resurgence of the footwear industry along with a spike in demand for polyurethane elastomers is likely to create several lucrative growth opportunities in the global industrial PU elastomer market during the forecast period. Polyurethane elastomers are very much similar to rubber materials manufactured by utilizing the reaction of isocyanates with a hydroxyl group in polyols. They are more durable, versatile, possess excellent mechanical properties, therefore, it is a predominant choice in several sectors.

The growing health consciousness among people is inclining them towards adopting an active and healthy lifestyle. Therefore, a majority of fitness enthusiasts are adopting athletic accessories and footwear, which in turn will significantly escalate the demand for polyurethane elastomers globally. Furthermore, the growing disposable income of people globally will also complement the growth of the market. The significant increase in the adoption of minimally invasive surgical procedures will propel the growth of the market globally. The medical sector is growing exponentially all across the globe. The polyurethane elastomer is widely utilized in the manufacturing process of orthodontic products, medical devices, catheters, and wound care products. Also, the growing incidences of cardiovascular diseases, orthopedic surgery, dental surgery, and several others will accentuate the market growth.

Request Free Sample

Global Industrial PU Elastomer Market: Segmentation

The global industrial PU elastomer market can be segmented into end-user, type, and region.

By end-user, the market can be segmented into medical, building & construction, mining equipment, industrial, transportation, and others. The transport segment holds the largest share in the global industrial PU elastomer market.

By type, the market can be segmented into thermoplastic and thermosetting polyurethane elastomers. The thermoset polyurethane elastomer accounts for the largest share in the global industrial PU elastomer market as they exhibit exceptional resistance to oil & grease, high load-bearing capacity, excellent resilience, high impact resistance, and high abrasion resistance.

Industrial PU Elastomer Market: Report Scope

Global Industrial PU Elastomer Market: Regional analysis

Asia Pacific accounts for the largest share in the global industrial PU elastomer market due to the rapidly proliferating automobile and transport sector in the region. The growing economies like India and China are utilizing industrial polyurethane elastomers in several manufacturing processes for various applications, especially in the building & construction, mining equipment, and transportation sector. Furthermore, the growing investment from the government to encourage the construction and building applications in the region due to the growing population will further accentuate the growth of the regional market. Furthermore, the growing disposable income of the people is likely to further escalate the growth of the regional market in forthcoming years.

Global Industrial PU Elastomer Market: Competitive Players

Some of the significant players in the global industrial PU elastomer market are:

• Accella Polyurethane Systems
• Inoac Corporation
• Coim Group
• Headway Group
• Trelleborg
• Wanhua Chemical
• Mitsui Chemicals.

The Global Industrial PU Elastomer Market is segmented as follows:

By End-user 

• medical
• building & construction
• mining equipment
• industrial 
• transportation 
• and others

By Type 

• thermoplastic
• thermosetting polyurethane elastomers

Global Industrial PU Elastomer Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.