The Polyurethane Elastomers Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Polyurethane Elastomers Market?
The global market for polyurethane elastomers has experienced substantial growth recently. The market size is expected to increase from $19.56 billion in 2024 to $20.78 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Polyurethane Elastomers Industry?
The Polyurethane Elastomers Global Market is forecasted to reach a value of $25.61 billion in 2029, with a compound annual growth rate (CAGR) of 5.4%.
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What are the Key Growth Drivers Fueling the Polyurethane Elastomers Market?
The key drivers in the polyurethane elastomers market are:
• Continued industrialization in developing regions
• Evolving automotive industry requirements
• Rising construction and infrastructure development
• Expansion of electronics and consumer goods markets
Global Market Segmentation: Identifying Major Polyurethane Elastomers Industry Segments
The polyurethane elastomers market covered in this report is segmented –
1) By Type: Thermoplastic Elastomers, Thermosetting Elastomers
2) By Processing: Injection Molding, Extrusion, Blow and Compression Molding
3) By Application: Automotive, Construction, Packaging Industry, Furniture And Interiors, Electronics And Appliances, Other Applications
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What are the Emerging Trends Shaping the Future of the Polyurethane Elastomers Market?
The key trends in the polyurethane elastomers market are:
• The market is being greatly transformed by advancements in polyurethane elastomers formulations and technologies.
• Technological progress in production processes is a key emerging trend.
• There's increased application of polyurethane elastomers in the medical device sector.
• The use of polyurethane elastomers in construction and infrastructure sectors is seeing a rising trend.
Who Are the Top Competitors & Leading Players in the Polyurethane Elastomers Market?
Major companies in the polyurethane elastomers market are:
• BASF SE
• Dow Inc.
• Lyondellbasell
• Saint-Gobain Performance Plastics Corporation
• 3M
• Wanhua Chemical Group Co. Ltd.
• Covestro AG
• Mitsui Chemicals Inc.
• DuPont
• LANXESS AG
• Huntsman Corporation
• Tosoh Corporation
• The Lubrizol Corporation
• Polyone Corporation (Avient Corporation)
• Trelleborg AB
• Stepan Company
• Carpenter Technology Corporation
• Rogers Corporation
• INOAC CORPORATION
• The Vita Group
• Kingfa Science And Technology
• Rogers Foam Corporation
• RECKLI
• Polytek Development Corp.
• Argonics Inc.
• Bayer Materialscience LLC
• Renosol Corporation
• Marchem
• VCM Polyurethanes Pvt. Ltd.
• Cellular Moldings Ltd.
Regional Dominance: Which Area Leads the Global Polyurethane Elastomers Market?
Asia-Pacific was the largest region in the polyurethane elastomers market in 2024
