The latest report published by Reports and Data is a work of meticulous research on the global Polyurethane Elastomers industry. It delves into the core structure of the industry to highlight its key segments and various micro-economic and macro-economic factors that influence industry growth. The report elucidates the key market dynamics such as market size, market share, market growth drivers, restraints, threats, and opportunities using advanced analytical methods including SWOT analysis and Porter’s Five Forces analysis. It further offers market revenue growth in terms of gross profits, regional market revenues, industry revenue growth rate, sales statistics, manufacturing costs, production & consumption, supply & demand, and key market players’ financial standing.
The Polyurethane Elastomers market report offers latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Polyurethane Elastomers industry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on the emerging opportunities.
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Further key findings from the report suggest
- The Polyurethane Elastomers Market is estimated to reach USD 22.57 Billion by 2028, at a CAGR of 5.20% during the forecast period.
- The application of these polymers in footwear industry accounted for the largest share of 29.3% of the market in 2018.
- The pigment additives segment is anticipated to witness the highest CAGR of 5.5% during the forecast period.
- The thermoplastic polyurethane elastomers is expected to witness a higher CAGR of 5.6% during the forecast period.
- The unique blend of properties of vulcanized rubber and simple processability of thermoplastic makes thermoplastic elastomers suitable to use in a broad range of applications in end-user industries such as consumer goods, building & construction, automotive, medical, and others.
- Thermoplastic elastomers have exceptional physical properties such as chemical inertness, excellent dimensional stability, good vapor and gas transmission properties, and versatility.
- The market in the Asia Pacific region accounted for the largest share of 32.3% of the market in 2018. The largest share is due to the developing automotive industry and growing polymer consumption. Moreover, key players are moving the production base to developing countries like China and India. The decrease of energy costs associated with heating and cooling conditions is further expanded towards the market growth in the region.
- Various players are developing strategies to mark their presence in the industry.
- Mitsui chemicals launched Fortimo and Stabio in 2015, which are utilized in chemical and abrasion segments.
- The Key players in the Polyurethane Elastomers Market include BASF SE, DuPont, Mitsui Chemicals, Inc, Bayer CropScience Limited, Covestro AG, Huntsman International LLC, the Dow Chemical Company., Accella Polyurethane Systems, P+S Polyurethan-Elastomere GmbH & Co. KG, 3M.
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For the purpose of this study, Reports and Data have segmented the market on the basis of Additives, Type, Application, and region:
Additives Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2018-2028)
- Pigments
- Blowing agents
- Fillers
- Smoke Retardants
- Flame Retardants
Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2018-2028)
- Thermoset Polyurethane Elastomers
- Thermoplastic Polyurethane Elastomers
Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2018-2028)
- Footwear
- Automotive & Transportation
- Industrial Machinery
- Building & Construction
- Adhesives & Sealants
Regional Outlook (Volume, Square Meters; and Revenue, USD Billion ; 2018-2028)
- North America
- U.S.
- Europe
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Reasons to purchase this report:
- The industry analysis report offers actionable insights into the global Polyurethane Elastomers industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
- The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
- The report systematically profiles the leading companies operating in the Polyurethane Elastomers market, and, at the same time, highlights their long-term business expansion strategies.
- In-depth scrutiny of the Polyurethane Elastomers business landscape with accurate market projections for the forecast period.
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