Performance Polyurethane Elastomers Market is Speculated to Accrue USD 27.19 Billion by 2028
Emergen Research Logo
Growing footwear industry and rapid urbanization in developing economies are key factors driving the market growth
VANCOUVER, BC, CANADA, April 13, 2022 /EINPresswire.com/ -- The global High Performance Polyurethane Elastomer Market is expected to reach a market size of USD 27.19 Billion at a rapid CAGR of 4.3% in 2028, according to the latest analysis by Emergen Research. Increase in the demand from automobile industry and footwear industry is a key factor driving the growth of the market. Durability, high temperature resistance, cut resistance, and abrasion resistance are important properties that increase demand for polyurethane elastomers.
Being lightweight, polyurethane elastomers are extensively used in automobile industry to manufacture body panels, bumpers, exterior and interior components. Rise in the demand for lighter vehicles with better fuel efficiency is also driving the market in the positive direction.
To Get Holistic SAMPLE Of The Report, Please Click: https://www.emergenresearch.com/request-sample/963
Major companies operating in High Performance Polyurethane Elastomer Market are BASF SE, Covestro AG, DowDuPont, Eurofoam Group Co., Huntsman Corp., Recticel SA, Mitsui Chemicals, Wanhua Industrial Group, Armacell Enterprise GmbH & Co. KG, Carpenter Co.
Key Highlights of Report
In January 2021, Huntsman Corporation acquired Gabriel Performance Products in order to further expand its chemical portfolio.
In February 2021, Covestro developed a wearable smart patch concept. This smart patch can be applied to the skin in to which electronics are integrated. This will offer a wide range of medical diagnosis possibilities in the healthcare sector.
In August 2020, an innovative machine for direct infusion of polyurethane rotor blades was developed by Covestro. This will help in deriving high output and smart flow rate control from the blades.
Asia Pacific accounted for the largest revenue share contributor to the global market in 2020 and is expected to grow significantly during the forecast period. This can be attributed to the increasing number developmental projects, rapid urbanization and rise in the per capita income of middle class section in the region.
Request a discount on the report @ https://www.emergenresearch.com/request-discount/963
Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the High Performance Polyurethane Elastomers market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
Competitive Terrain:
The Global High Performance Polyurethane Elastomers Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/high-performance-polyurethane-elastomers-market
Emergen Research has segmented the global High Performance Polyurethane Elastomer Market based on type, application and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Thermoset PU elastomers
Thermoplastic PU elastomers
Application Outlook (Revenue, USD Billion; 2018–2028)
Footwear
Automotive
Machinery
Building & construction
Medical
Regional Outlook (Revenue, USD Billion; 2018–2028)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
BENELUX
Belgium
Austria
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Israel
Rest of MEA
Radical Highlights of the High Performance Polyurethane Elastomers Market Report:
Comprehensive overview of the High Performance Polyurethane Elastomers market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the High Performance Polyurethane Elastomers market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Explore More Reports offered by Emergen Research:
Continuous Fiber Composites Market
https://www.einnews.com/pr_news/567495432/continuous-fiber-composites-market-scope-size-demand-and-growth-analysis-with-forecast-up-to-2027
Anti-Reflective Coatings Market
https://www.einnews.com/pr_news/567540944/anti-reflective-coatings-market-to-reach-a-valuation-of-usd-6-875-3-million-by-2027-growing-at-a-cagr-of-6-3
Soil Stabilization Market
https://www.einnews.com/pr_news/567093789/soil-stabilization-market-worth-34-44-billion-globally-by-2027-at-4-6-cagr-verified-market-research
Construction Sealants Market
https://www.einnews.com/pr_news/567496107/construction-sealants-market-research-by-type-application-future-growth-to-2027-top-key-players-sika-ag-basf-se
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Eric Lee
Emergen Research
+91 90210 91709
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
