Polyurethane Elastomers Market
Polyurethane Elastomers Market Size And Forecast
According to Verified Market Research, Global Polyurethane Elastomers Market was valued at USD 13.03 Billion in 2018 and is projected to reach USD 20.55 Billion by 2026, growing at a CAGR of 5.88 % from 2019 to 2026.
Global Polyurethane Elastomers Market Outlook
Growing demand from end-use industries is driving the growth of the polyurethane elastomer market. The strong growth of the automobile industry and the increasing consumption of TPU (thermoplastic polyurethane) owing to the growing use in film applications are influencing the growth of the market. People are maintaining more than one pair of shoes, following the trend of matching shoes with clothes. The EVA, PVC, and other shoemaking material is getting replaced by polyurethane elastomer. The global giants are extending their production capabilities and are adopting a merger and acquisition strategy to sustain in the competition and to meet future needs. However, factors such as the hazardous impact on human health and environment, higher cost of thermoplastic polyurethane than the other conventional materials, and stringent emission regulations are restraining the growth of the polyurethane elastomers market.
Global Polyurethane Elastomers Market Competitive Landscape
The Global Polyurethane Elastomers Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF, The Dow Chemical Company, Huntsman, Covestro, Mitsui Chemicals, Chemtura Corporation, Lubrizol, P+S Polyurethan-Elastomere, Tosoh, and Wanhua Chemical. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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