The global industrial PU elastomers market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period (2021-2027). The rising demand for bio-based PU elastomers will generate new opportunities for the market in the near future as such elastomers are biodegradable, economical in cost, easily available, and having a lower environmental impact. These types of elastomers are developed from vegetable oils, cashew nut shell liquid, terpene, eucalyptus, and other bio-renewable sources. Various market players had launched bio-based PU elastomers by considering the growing trend.
Browse the full report description of "Global Industrial PU Elastomers Market Size, Share & Trends Analysis Report by Type (Thermosetting PU Elastomers and Thermoplastic PU Elastomers), by Additives (Pigments, Blowing Agents, Fillers, Smoke Retardants, and Flame Retardants), and by Application (Transportation, Industrial, Building & Construction, Medical, Footwear, and Others) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/industrial-pu-elastomers-market
For instance, in January 2021, Audia Elastomers had launched its AudiaFlex family of sustainable thermoplastic elastomers. The AudiaFlex family is comprised of customizable grades which are produced from post-consumer, post-industrial, bio-based, and marine-based sources. Moreover, Lanxess had launched a new range of MDI polyether prepolymers in August 2019 under the brand name Adiprene Green. These polymers are developed from bio-based raw materials which have similar properties to fossil-based polyether elastomers served by the company. The growing inclination of manufacturers towards the launch of bio-based PU elastomers is anticipated to a key factor driving the global industrial PU elastomer market.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By Additives
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- BASF SE, Bayer CropScience Ltd., DuPont de Nemours, Inc., The Dow Chemical Co., 3M Co., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Industrial PU Elastomers Market Report Segment
By Type
• Thermosetting PU Elastomers
• Thermoplastic PU Elastomers
By Additives
By Application
• Transportation
• Industrial
• Building & Construction
• Medical
• Footwear
• Others (including Mining Equipment, Furniture, Adhesives and Sealants)
Global Industrial PU Elastomers Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa