The Polyurethane Elastomers Market is expected to reach USD 22.57 Billion by 2028, according to a new report by Reports and Data. Polyurethane elastomers are synthetic or artificial rubbers that are composed of polymers. The polyurethane elastomers are profoundly divided into thermosetting elastomers and thermoplastic elastomers.
Prominent players analyzed in the report are 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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Chemical and manufacturing industry largely caters to a broad range of commodity-related manufacturing and include a wide variety of materials such as sand, gravel, stone, and chemicals. Increasing focus on development of sustainable chemicals and materials, advancements in the development of smart materials such as nanocomposites and other advanced composites, and growing popularity of 3D printing have significantly contributed to revenue growth of the market. In addition, rising emphasis on green building and construction have increased use of renewable resources and this is also a key factor driving market growth.
Key companies are engaged in developing advanced materials having robust characteristics and forming strategic alliances such as mergers and acquisitions, joint ventures, collaborations, and product launches among others to gain a robust footing in the market. The competitive landscape section offers a comprehensive analysis of the competitive landscape along with profiles of the companies, their product portfolios, and lucrative business strategies undertaken by them.
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The report further segments the Polyurethane Elastomers market based on product types, applications, technology, end-use, and region, among others. The report also offers insights into key factors influencing the revenue growth of each segment and sub-segment along with market revenue share and CAGR.
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)
- Blowing agents
- 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)
- Automotive & Transportation
- Industrial Machinery
- Building & Construction
- Adhesives & Sealants
The report also offers a detailed regional analysis along with information about which region is expected to account for largest revenue share or register the fastest revenue growth and the key factors contributing to their growth. The regions are analyzed with regards to supply and demand, import/export, production and consumption pattern, market share, revenue contribution, market size, along with a stringent analysis of the key players present in the key regions.
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Regional analysis covers the following key regions:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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