Global Polyurethane Elastomer Market Growth 2025-2031
Description
The global Polyurethane Elastomer market size is predicted to grow from US$ 19380 million in 2025 to US$ 24910 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Polyurethane elastomer is a type of polymer that combines the properties of rubber and plastic, resulting in a flexible, durable material. These elastomers are formed by the reaction of polyols and isocyanates, which can be adjusted to achieve specific mechanical properties, hardness, and elasticity.
The global polyurethane elastomer market is experiencing significant growth due to rising demand in various sectors such as automotive, footwear, electronics, and medical devices. The automotive industry particularly drives the demand for lightweight and durable materials for components like seals, gaskets, and interior parts. The footwear segment benefits from TPUs' flexibility and comfort, leading to increased use in sports and casual shoes. Additionally, the trend towards sustainable materials is fostering the development of bio-based TPU products.
The polyurethane elastomer market is currently experiencing rapid growth. There is an increasing demand for high-performance materials across various industries, particularly in automotive, construction, electronics, and healthcare. Due to their superior abrasion resistance and flexibility, polyurethane elastomers are widely used in seals, gaskets, tires, and other high-performance products.
As industries focus on lightweight materials with superior performance, polyurethane elastomers are increasingly favored for their versatility and durability. Competition in the market is intensifying, with many companies investing in R&D to introduce more advanced materials. Innovations in formulations and applications can further expand market reach. Additionally, the growing trend towards sustainability is prompting the development of bio-based polyurethane elastomers, creating new avenues for growth.
Polyurethane elastomers can be categorized into various types based on hardness and performance, including thermoplastic polyurethane (TPU), cast polyurethane, etc. Different types of products have widespread applications in automotive, medical, and consumer goods sectors, driving market diversification.
Asia-Pacific region is the fastest-growing market, particularly in China and India. North American and EU markets are stable, primarily driven by the automotive and construction sectors. Future market dynamics in these regions will be influenced by economic development and policy changes, especially regarding environmental regulations.
LP Information, Inc. (LPI) ' newest research report, the “Polyurethane Elastomer Industry Forecast” looks at past sales and reviews total world Polyurethane Elastomer sales in 2024, providing a comprehensive analysis by region and market sector of projected Polyurethane Elastomer sales for 2025 through 2031. With Polyurethane Elastomer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polyurethane Elastomer industry.
This Insight Report provides a comprehensive analysis of the global Polyurethane Elastomer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polyurethane Elastomer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polyurethane Elastomer market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyurethane Elastomer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polyurethane Elastomer.
This report presents a comprehensive overview, market shares, and growth opportunities of Polyurethane Elastomer market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thermoset PU Elastomers
Thermoplastic PU Elastomers
Segmentation by Application:
Automotive Industry
Electronics and Electrical Appliances
Construction and Engineering
Medical Equipments
Sports and Leisure
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Lubrizol
BASF
Covestro
Wanhua Chemical
Huntsman
Trinseo
Hexpol
Kuraray
COIM Group
Avient
Epaflex
Miracll Chemicals
Shandong INOV New Materials
Urecore
Huide Technology
Huafon Chemical
LANXESS (In Process of Divestment)
Key Questions Addressed in this Report
What is the 10-year outlook for the global Polyurethane Elastomer market?
What factors are driving Polyurethane Elastomer market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polyurethane Elastomer market opportunities vary by end market size?
How does Polyurethane Elastomer break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Polyurethane elastomer is a type of polymer that combines the properties of rubber and plastic, resulting in a flexible, durable material. These elastomers are formed by the reaction of polyols and isocyanates, which can be adjusted to achieve specific mechanical properties, hardness, and elasticity.
The global polyurethane elastomer market is experiencing significant growth due to rising demand in various sectors such as automotive, footwear, electronics, and medical devices. The automotive industry particularly drives the demand for lightweight and durable materials for components like seals, gaskets, and interior parts. The footwear segment benefits from TPUs' flexibility and comfort, leading to increased use in sports and casual shoes. Additionally, the trend towards sustainable materials is fostering the development of bio-based TPU products.
The polyurethane elastomer market is currently experiencing rapid growth. There is an increasing demand for high-performance materials across various industries, particularly in automotive, construction, electronics, and healthcare. Due to their superior abrasion resistance and flexibility, polyurethane elastomers are widely used in seals, gaskets, tires, and other high-performance products.
As industries focus on lightweight materials with superior performance, polyurethane elastomers are increasingly favored for their versatility and durability. Competition in the market is intensifying, with many companies investing in R&D to introduce more advanced materials. Innovations in formulations and applications can further expand market reach. Additionally, the growing trend towards sustainability is prompting the development of bio-based polyurethane elastomers, creating new avenues for growth.
Polyurethane elastomers can be categorized into various types based on hardness and performance, including thermoplastic polyurethane (TPU), cast polyurethane, etc. Different types of products have widespread applications in automotive, medical, and consumer goods sectors, driving market diversification.
Asia-Pacific region is the fastest-growing market, particularly in China and India. North American and EU markets are stable, primarily driven by the automotive and construction sectors. Future market dynamics in these regions will be influenced by economic development and policy changes, especially regarding environmental regulations.
LP Information, Inc. (LPI) ' newest research report, the “Polyurethane Elastomer Industry Forecast” looks at past sales and reviews total world Polyurethane Elastomer sales in 2024, providing a comprehensive analysis by region and market sector of projected Polyurethane Elastomer sales for 2025 through 2031. With Polyurethane Elastomer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polyurethane Elastomer industry.
This Insight Report provides a comprehensive analysis of the global Polyurethane Elastomer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polyurethane Elastomer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Polyurethane Elastomer market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polyurethane Elastomer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polyurethane Elastomer.
This report presents a comprehensive overview, market shares, and growth opportunities of Polyurethane Elastomer market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Thermoset PU Elastomers
Thermoplastic PU Elastomers
Segmentation by Application:
Automotive Industry
Electronics and Electrical Appliances
Construction and Engineering
Medical Equipments
Sports and Leisure
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Lubrizol
BASF
Covestro
Wanhua Chemical
Huntsman
Trinseo
Hexpol
Kuraray
COIM Group
Avient
Epaflex
Miracll Chemicals
Shandong INOV New Materials
Urecore
Huide Technology
Huafon Chemical
LANXESS (In Process of Divestment)
Key Questions Addressed in this Report
What is the 10-year outlook for the global Polyurethane Elastomer market?
What factors are driving Polyurethane Elastomer market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polyurethane Elastomer market opportunities vary by end market size?
How does Polyurethane Elastomer break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
130 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Polyurethane Elastomer by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Polyurethane Elastomer by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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