The expanding universe of Thermoplastic Elastomers (TPEs)
includes several classes of materials whose common character is close
replication of the elastic properties of natural rubbers combined with the easy
processability of thermoplastics. TPE families are based on styrenics,
polyolefins, polyesters, polyurethanes, thermoplastic vulcanizates (TPVs) and
other materials. Polyurethane Elastomers can be processed on extrusion as well
as injection, blow and compression molding equipment’s. The market regarding
this is seeing a huge boom lately and is expected to grow well in the coming
years.
To Know More About
Polyurethane Elastomers Market, Download Sample Brochure:
Brief Outlook of the
Market:
As a whole, the Polyurethane Market is expected to cross $73
Billion by 2020. The global market is projected to reach 9.5 million tons by
the year 2015 driven by active demand from construction, furniture and
automotive markets. Thermosetting elastomers and thermoplastic elastomers are
the two types of the PU elastomers of which thermosetting hold the largest
market share of around 75%. Apart from its outstanding toughness, durability and
processing ease Polyurethane Elastomer is a versatile performer that bridges
the gap between rubber and plastics.
Over one-third of the
global application of PU elastomers is the production of footwear followed by
the furniture and interiors and the automotive industry. The global PU market
demand is expected to reach 22,060 kilo tons by 2020 and with a growing CAGR of
5% from 2014-2020. Automotive applications are expected to be the most demand
causing segment of Polyurethane elastomers growing at a CAGR of 5.5% from
2014-2020. The demand for PU elastomers in electronic appliances is expected to
grow at a CAGR of 8% till 2020.
More Info on
Polyurethane Elastomers:
Regional Analysis:
Around 95% of the Global Polyurethane Elastomers Market is
accounted by Europe, APAC and the U.S. APAC is the top one leading and fastest
soaring region in the Polyurethane Market due to China which is the leading
largest market in APAC and accounts to be one of the leading countries in terms
of production and consumption of Polyurethane Elastomers. While China holds 25%
of the global market, it consists of 50% of APAC in the past years. APAC is estimated
to grow at a CAGR of 6% during the forecast period 2014-2020. The U.S. was the most
dominating geography of Polyurethane Elastomer in North America and accounted
over 80% of the Global Polyurethane Market in the year 2013.
REPORT SCOPE:
The report contains different market aspects explored with
particular focus on key market drivers, challenges, constraints and market
landscape. The Global Polyurethane Elastomers Market has been thoroughly
analyzed and carefully segmented by geographic locations based on major
economic and topographical regions. The report details current market potential
and future market growth in this industry. The report overall contains the most
detailed, in depth segmentation and analysis of the Polyurethane Elastomers Market
during the forecast period 2015-2020.
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per Your Requirements:
Market Segmentation:
The Polyurethane Elastomers Market is broadly segmented into
three types based on different factors:
1.
By
Product Type: Thermoplastic Elastomers and Thermosetting Elastomers with
further sub segmentations of each.
2.
By
Application: Automotive, Construction, Packaging, Footwear and Others.
3.
By
Geography: Americas, Europe, APAC and ROW.
Key Players:
·
BASF SE
·
Bayer Material Science AG
·
Chemtura Corporation
·
Chematur International AB
·
COIM S.P.A
·
DuPont DE Nemours and Company
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