The latest and updated Emergen Research on the Global High Performance Polyurethane Elastomers Market covers a comprehensive overview of the High Performance Polyurethane Elastomers market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the High Performance Polyurethane Elastomers market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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.
Need for the automobile industry to check carbon emissions persuades them to produce lightweight vehicles. Increasing population all over the world is also a major factor contributing to the growth of the market. Rising construction activities and rapid urbanization of developing economies all over the world further propel the growth of the market. Expansion of industrial vertical in countries like USA, Canada and India also adds to the growing market.
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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.
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.
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.
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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.
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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)
- Building & construction
- Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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
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