Polyurethane Elastomers Market Size

Polyurethane Elastomers Market size was over USD 2.16 billion in 2024 and is poised to reach USD 3.27 billion by the end of 2037, witnessing around 3.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polyurethane elastomers is assessed at USD 2.22 billion. The reason behind the growth is impelled by the growing requirement for polyurethane elastomers in the automotive industry. Polyurethane elastomers are highly used in the automotive industry to manufacture doors, window surrounds, acoustic insulation, headrests, seats, trimming, and exterior & interior of automobiles. Furthermore, these elastomers are also used in the tires and wheels of automobiles.

The rising demand for polyurethane elastomers in mining is believed to fuel market growth. For instance, polyurethane elastomers are highly used in the mining sector such as pump impellers, mining screens, conveyors’ belts, and others. It is a highly required product in mining since it can decrease wear and tear, abrasion, and shock.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of polyurethane elastomers is assessed at USD 2.22 billion.

The polyurethane elastomers market size was over USD 2.16 billion in 2024 and is poised to reach USD 3.27 billion by the end of 2037, witnessing around 3.4% CAGR during the forecast period i.e., between 2025-2037. Rising demand for polyurethane elastomers in mining and the growing requirement for polyurethane elastomers in the automotive industry will boost the market growth.

Asia Pacific is predicted to account for the largest share of over 32% by 2037, impelled by increase in spending on consumer goods in the region.

The major players in the market include BASF SE, Dow Chemical Company, Tosoh Corporation, Argonics, Inc., LANXESS AG, Herikon, Huntsman International LLC., Trelleborg AB, Lubrizol Corporation, Covestro AG.

Polyurethane Elastomers Market Size