The report “Polyurethane Elastomers Market by Type (Thermoset Polyurethane Elastomers and TPU Elastomers), Application (Footwear, Automotive & Transportation, Industrial Machinery, Building & Construction), and Region - Global Forecast to 2022”, Globally, people are opting for products that deliver outstanding performance and have a long life. PU elastomers are used as a replacement for standard elastomers, metals, and rubbers because of their unique set of properties such as heat resistance, weathering resistance, ozone resistance, chemical resistance, oil & gas resistance, aging resistance, flexibility, durability, and huge variety. These factors ultimately increase the demand for PU elastomers globally.

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Major players in the global PU elastomers market are BASF (Germany), Dow (US), Huntsman (US), Covestro (Germany), Mitsui Chemicals, (Japan), Chemtura Corporation (US), Lubrizol Corporation (US), P+S Polyurethan-Elastomere (Germany), Tosoh (Japan), and Wanhua Chemical (China).

Footwear application is estimated to lead the PU elastomers market during the forecast period.

PU elastomers are majorly used in footwear application for the perfect combination of ergonomics, microclimate, and sensation to deliver the most comfortable experience to consumers. High abrasion resistance, light weight, and excellent long-term mechanical properties are preferable for hardwearing shoe soles in footwear applications. In addition, the growth in demand for PU elastomers is in response to their physical properties, such as enhanced resiliency, high mechanical strength, heat resistance, lower shrinkage, high filler capacity, improved abrasion resistance, durability, softness, resistance to hydrolysis, high rigidity, and resistance to chemicals. The low-density compact PU elastomers are used especially for mid-soles and outer soles.

APAC is the largest and the fastest-growing market for PU elastomers.

APAC is estimated to be the largest and fastest-growing market for PU elastomers. China is estimated to be the largest market for PU elastomers, whereas, India is estimated to be the fastest-growing market for PU elastomers in the APAC region. Low manufacturing costs, high economic growth rate, and large population with growing middle-class lifestyles are the major factors that have led to the growth of the PU elastomers market in this region. Owing to these, the demand for PU elastomers from the footwear and automotive & transportation applications is expected to grow in this region.

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