Polyurethane Elastomers Market Analysis

End Use Industry (Automotive, Building & Construction, Footwear, Machinery)

The footwear segment is estimated to hold 24% share of the global polyurethane elastomers market in the coming years owing to its numerous favorable properties of polyurethane elastomers when used as a raw material for manufacturing footwear. The composition of polyurethane elastomer is mostly utilized to create flexible high-tensile soles, suppers, and accessories. PU elastomers maintain the aesthetics of the footwear. Also, it prevents the formation of wrinkles and has excellent hydrolysis and abrasion resistance. Utilization of PU elastomers for manufacturing footwear also provides good compression.

In addition, numerous forms of footwear, including boots and shoes for sports and hiking, are made of polyurethane elastomer foams owing to their low weight and excellent dampening properties.

Type (Thermoplastic, Thermoset PU Elastomers)

The thermoset PU elastomers segment is set to garner a notable share in the near future driven by the fact that it has high elasticity compared to other polymer elastomers and it can function quite well in low-temperature with robust flexibility. Elastomers are polymers with weak crosslinks, which exhibit great elasticity at room temperature and can be widely stretched. Moreover, it is a versatile material that can take multiple forms.

Thermoset PU elastomers are highly used in the mining processes such as storage, transportation, and extraction mainly in rollers, mining screens, pump impeller wheels, and others. Furthermore, thermoset PU elastomers are also used as adhesives, mold compounds, insulation, and coatings. Hence, all these factors are anticipated to boost the market growth over the forecast period.

Our in-depth analysis of the global market includes the following segments: