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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

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

“The increasing demand from the footwear industry in APAC is a key factor fueling the growth of the PU elastomers market.”
The global PU elastomers market is estimated to reach USD 16.63 billion by 2022 from USD 12.47 billion in 2017, at a CAGR of 5.9% from 2017 to 2022. China is the largest producer and consumer of footwear globally. However, there has been a slight shift witnessed in the production of footwear from China to other Asian countries such as India, Indonesia, Vietnam, and others. According to World Footwear, the footwear production share in China has been declined by 2% from 2013. PU elastomers are being increasingly used to manufacture shoe, soles, and slippers. The growing demand for superior performance, abrasion resistance, and excellent appearance & attractiveness driven by rising disposable incomes and growing working class across APAC will increase the demand for PU elastomers. Increasing population and economic prosperity will further drive the footwear production in APAC. For instance, in India the population is projected to rise to 9.3 billion by 2050, which will lead to increased footwear demand and thus, will drive the PU elastomers market. However, hazardous impact on human health as well as environment and high cost of TPU in comparison to other conventional materials are the major restraints for this market.

“The TPU segment of the PU elastomers market is expected to grow at the highest CAGR during the forecast period.”
Among various types of PU elastomers, the TPU segment of the PU elastomers market is expected to grow at the highest CAGR, during the forecast period. TPU is among the most innovative products in the PU elastomer market as it has functional properties of thermoset polyurethane elastomers while possessing the strength of thermoplastics. TPU is the major type of TPE classified on the basis of chemical resistance, heat resistance, and compatibility with other polymers. Due to these properties, TPU is used for a wide range of applications, including footwear, electrical & electronics (cable & wire), hose & tube, automotive & transportation, medical, building & construction, and so on.

“The rising demand for use in various applications is expected to drive the PU elastomers market in the APAC region.”
APAC is expected to be the fastest-growing market for PU elastomers. Developing economies in the region and rapid growth in footwear, automotive, and transportation industries are expected to increase the demand for PU elastomers in the region. In addition, rapid technological advancements in automotive as well as transportation applications and increasing disposable income are encouraging the use of PU elastomers in the region. China, India, Japan, and South Korea are the key markets for PU elastomers in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.
The breakdown of primary interviews is given below:

• By Company Type: Tier 1 - 58%, Tier 2 - 25%, and Others - 17%
• By Designation: C-level - 33%, Director-level - 42%, and Others - 25%
• By Region: North America - 50%, Europe - 17%, APAC – 17%, South America - 8%, and the Middle East & Africa - 8%

Note 1: Others includes sales, marketing, and product managers.
Note 2: The tier of companies is determined on the basis of their revenue and ownership.
Key companies profiled in this market research report are BASF (Germany), Dow (US), Huntsman (US), Covestro (Germany), Mitsui Chemicals, (Japan), Chemtura Corporation (US), Lubrizol Corporation (US), P+S Polyurethan-Elastomere (Germany), Tosoh (Japan), and Wanhua Chemical (China).

Research Coverage
This report covers the PU elastomers market, in terms of volume and value, and forecasts the market size till 2022. The report includes the market segmentation based on type (thermoset PU elastomers and thermoplastic PU elastomers), application (automotive & transportation, footwear, industrial machinery, and building & construction), and region (APAC, Europe, North America, Middle East & Africa, and South America). The regions have been further segmented based on key countries into the US, Canada, Mexico, Germany, the UK, France, Spain, Italy, Russia, China, Japan, India, South Korea, the UAE, Saudi Arabia, South Africa, Brazil, and Argentina. The report also provides company profiles and competitive strategies adopted by the key players in the PU elastomers market.

The report will help market leaders/new entrants in the global PU elastomers market in the following ways:

1. This report segments the PU elastomers market comprehensively and provides closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

2. It will help stakeholders understand the pulse of the market and provide them information on key market drivers, challenges, restraints, and opportunities.

3. It will help stakeholders understand competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product launches, expansions, acquisitions, and agreements.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • SIGNIFICANT OPPORTUNITIES IN THE PU ELASTOMERS MARKET
    • PU ELASTOMERS MARKET, BY APPLICATION
    • PU ELASTOMERS MARKET, BY TYPE
    • PU ELASTOMERS MARKET, BY REGION
    • APAC PU ELASTOMERS MARKET, BY APPLICATION AND BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
        • Table COST COMPARISON OF TPU VS OTHER PLASTICS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACROECONOMIC OVERVIEW AND KEY TRENDS
      • TRENDS AND FORECAST OF GDP
        • Table TRENDS AND FORECAST OF GDP, USD BILLION (2016-2022)
      • TRENDS OF THE GLOBAL AUTOMOTIVE INDUSTRY (2012-2016)
        • Table TOTAL VEHICLE PRODUCTION IN 15 COUNTRIES, 2012-2016
      • TRENDS OF THE GLOBAL CONSTRUCTION INDUSTRY (2012-2016)
        • Table GDP CONTRIBUTION OF COUNTRIES TO THE CONSTRUCTION INDUSTRY (USD BILLION), 2012-2016
  • PU ELASTOMERS MARKET, BY TYPE
    • INTRODUCTION
      • Table PU ELASTOMERS MARKET SIZE, BY TYPE, 2015-2022 (KILOTON)
      • Table PU ELASTOMERS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
      • Table THERMOSET VS THERMOPLASTIC TYPE OF PU ELASTOMERS
    • THERMOSET POLYURETHANE ELASTOMER
    • THERMOPLASTIC POLYURETHANE ELASTOMER (TPU)
  • PU ELASTOMERS, BY APPLICATION
    • INTRODUCTION
      • Table PU ELASTOMERS MARKET, BY APPLICATION 2015-2022 (KILOTON)
      • Table PU ELASTOMERS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
    • FOOTWEAR
    • AUTOMOTIVE & TRANSPORTATION
      • UNDER THE HOOD
      • INTERIOR
      • EXTERIOR
      • TIRE
    • INDUSTRIAL MACHINERY
      • WHEELS AND ROLLERS
      • SEALS AND GASKETS
    • BUILDING & CONSTRUCTION
      • ELEVATOR CONSTRUCTION
      • ROOFING MEMBRANE
    • OTHERS
      • CONSUMER GOODS
      • MINING
      • OIL & GAS
      • MEDICAL
      • MARINE & OFFSHORE
      • WIRES & CABLES
      • ELECTRONIC DEVICES
  • PU ELASTOMERS MARKET, BY REGION
    • INTRODUCTION
      • Table PU ELASTOMERS MARKET SIZE, BY REGION, 2015-2022 (KILOTON)
      • Table PU ELASTOMERS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • APAC
      • Table APAC: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table APAC: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table APAC: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table APAC: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • CHINA
        • Table CHINA: PU ELASTOMERS MARKET SIZE, APPLICATION, 2015-2022 (KILOTON)
        • Table CHINA: PU ELASTOMERS MARKET, BY APPLICATION, 2015-2022 (USD MILLION)
      • JAPAN
        • Table JAPAN: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table JAPAN: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • INDIA
        • Table INDIA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table INDIA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table SOUTH KOREA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF APAC: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table EUROPE: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table EUROPE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table EUROPE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • GERMANY
        • Table GERMANY: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table GERMANY: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • FRANCE
        • Table FRANCE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table FRANCE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • UK
        • Table UK: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table UK: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table RUSSIA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • ITALY
        • Table ITALY: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table ITALY: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SPAIN
        • Table SPAIN: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table SPAIN: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF EUROPE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table NORTH AMERICA: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table NORTH AMERICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • US
        • Table US: PU ELASTOMERS MARKET SIZE, BY APPLICATION 2015-2022 (KILOTON)
        • Table US: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • CANADA
        • Table CANADA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table CANADA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MEXICO
        • Table MEXICO: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table MEXICO: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table MIDDLE EAST & AFRICA: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table MIDDLE EAST & AFRICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table SAUDI ARABIA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table SOUTH AFRICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • UAE
        • Table UAE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table UAE: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF MIDDLE EAST & AFRICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (KILOTON)
      • Table SOUTH AMERICA: PU ELASTOMERS MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table SOUTH AMERICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
      • Table SOUTH AMERICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table BRAZIL: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table ARGENTINA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (KILOTON)
        • Table REST OF SOUTH AMERICA: PU ELASTOMERS MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF KEY PLAYERS
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES
      • EXPANSIONS
      • ACQUISITIONS
      • AGREEMENTS
  • COMPANY PROFILES
    • BASF
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • THE DOW CHEMICAL COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • HUNTSMAN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • COVESTRO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MITSUI CHEMICALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CHEMTURA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LUBRIZOL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • P+S POLYURETHAN-ELASTOMERE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TOSOH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • WANHUA CHEMICAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER MARKET PLAYERS
      • COIM GROUP
      • HEADWAY GROUP
      • INOAC CORPORATION
      • ACCELLA POLYURETHANE SYSTEMS
      • TRELLEBORG
      • RECKLI
      • HERIKON
      • CELLULAR MOULDINGS
      • BLACKWELL PLASTICS
      • RTP COMPANY
      • ERA POLYMERS
      • PERSTORP
      • ASAHI KASEI CORPORATION
      • KASODUR POLYURETHANE
      • VCM POLYURETHANES
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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