Polyurethane Elastomers Market worth 16.63 Billion USD by 2022 | MarketsandMarkets

Global size of the Polyurethane (PU) Elastomers Market was USD 11.78 Billion in 2016 and is estimated to grow at a CAGR of 5.9% between 2017 and 2022. The main objective of the study is to define, describe, and forecast the Polyurethane elastomers market on the basis of type, application, and region. The report includes a detailed information about the major factors (drivers, opportunities, restraint, and industry-specific challenges) influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market.

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On the Basis of Type:

Thermoset Polyurethane Elastomers

Thermoplastic Polyurethane Elastomers

On the Basis of Application:

Footwear

Automotive & Transportation

Industrial Machinery

Building & Construction

♦ Leading Key Players -

BASF SE (Germany), The Dow Chemical Company (US), Huntsman International LLC (US), Covestro AG (Germany), and Mitsui Chemicals, Inc. (Japan) are the key companies operational in the polyurethane elastomers market. Other major manufacturers of PU elastomers are Chemtura Corporation (US), The Lubrizol Corporation (US), P+S Polyurethan-Elastomere GmbH & Co. KG (Germany), Tosoh Corporation (Japan), and Wanhua Chemical Group Co., Ltd. (China). Targeting new markets will enable PU elastomer manufacturers to overcome the effects of volatile economy, leading to a diversified business portfolio and increase in revenue.