Rapid Growth In Automotive And Electronics Industries Are Expected To Drive Polyurethane Elastomers Market

Polyurethane is a polymer comprising of organic molecules. Polyurethane elastomers are derived from polyurethane. Polyurethane elastomers are derived from the reaction between isocyanate molecule and a molecule of multiple alcohol groups called polyol. Polyurethane elastomer is a class or material of polyurethane that possesses properties of a rubber. Akin to rubber material, polyurethane elastomers exhibit qualities such as plasticity, elasticity, and resistance to abrasion & solvents. Polyurethane elastomers are also known as synthetic rubbers as they are manufactured using other organic molecules.
Based upon product type, the polyurethane elastomers market can be segmented into thermoplastic elastomers and thermosetting elastomers. Demand for thermosetting polyurethane elastomers is high in the polyurethane elastomers market across the globe. Thermosetting elastomers set permanently when heated. Most polyurethane elastomers are based on thermosetting polymers. However, demand for thermoplastic elastomers is also high. Thermoplastic elastomers become soft on heating and harden on cooling, and are able to repeat these processes. Thermoplastic elastomers are cheaper, efficient, and used in wide range of applications. Polyurethane elastomers are employed in almost all end-user industries. They exhibit properties such as high durability, resistance to fire, soft touch, and clarity.
Based upon end-user type, the polyurethane elastomers market can be divided into automotive, building & construction, footwear, electronics, and others. The automotive segment accounted for the major share of the polyurethane elastomers market in 2016. Polyurethane elastomers are primarily used in manufacture of wheels, automotive suspension bushings, and other parts of automotive products. Under the electronics segment, polyurethane elastomers are used for forming high resilience foam and insulation panels. Polyurethane elastomers are used for in elevators and other infrastructure items in the building & construction industry. Under the others segment, polyurethane elastomers are used for making shopping carts, hoses, and sealants. They are also employed in the surface coating process. Rapid growth in automotive and electronics industries across the globe is projected to boost the polyurethane elastomers market. Rise in demand for durable and impact resistant materials in automotive and electronic applications is estimated to be a key driver of the polyurethane elastomer market. Health hazard due to the usage of polyurethane elastomers is the only restraint of the market.
In terms of region, Asia Pacific dominated the global polyurethane elastomers market. Increase in population and rapid industrialization have led to growth in infrastructure projects. Furthermore, increase in disposable income is boosting the automotive and electronics industries. North America also accounted for key share of the polyurethane elastomers market in 2016. Growth in reconstruction activities has boosted the polyurethane elastomers market in the region. Europe is the third major consumer of polyurethane elastomers across the globe. The automotive industry in Germany is one of the largest hubs across the globe. Expansion in the automotive industry has led to a rise in demand for polyurethane elastomers. Middle East & Africa and Latin America held low share of the polyurethane elastomers market across the globe. However, market share of these regions is anticipated to increase at a fast pace in the near future. Increase in investment in the regions for industrial growth is expected to augment the demand for polyurethane elastomers.
Key players operating in the global polyurethane elastomers market include BASF SE, DuPont, The Dow Chemical Company, VCM Polyurethanes Pvt. Ltd., Huntsman International LLC and Covestro.

Comments

Post a Comment

Popular posts from this blog

Tributyl Citrate Market Analysis, Trend and Growth, 2015-2025

Tributyl Citrate (TBC) Market: Overview  Tributyl Citrate (TBC), also known as Butyl Citrate, Tri-n-butyl citrate, and Tributyl Ester, is a colorless, non-toxic, and oily liquid with a high boiling point and fruity flavor at room temperature. It is insoluble in water, but dissolves in acetic acid, acetone, castor oil, carbon tetrachloride, mineral oil, and methanol. Known to react with oxidizing reagents, TBC is produced through esterification of citric acid with 1-butanol and concentrated sulfuric acid acting as a catalyst. TBC is widely used in food wrapping films, soft toys for children, cosmetics, and as a plasticizer for polymers such as poly vinyl chloride (PVC) and its copolymers. It aids maintenance of color when processed with resins due to its excellent heat stability. Get Research Report Overview@ https://www.transparencymarketresearch.com/tributyl-citrate-market.html Tributyl Citrate (TBC) Market: Trends Products manufactured using TBC are able to withstand cold
Read more

Oil Gas Static Rotating Equipment Market to Witness an Outstanding Growth by 2025

Transparency Market Research has recently published a new research report that provides detailed information about the intricate working details of the global  static and rotating equipment (oil and gas) market . According to the research report, the market will provide highly lucrative business opportunities as leading players in the market will adopt lean management strategies for coping up with the pressures of pricing. Such marketing strategies can help in controlling the manufacturing costs. Manufacturers are also projected to reduce their expenses on production and exploration activities. According to the research report, the global static and rotating equipment (oil and gas) market will reach to a valuation of US$35.8 bn by the end of 2022. The market initially was valued at US$26.5 bn back in the year 2013. This scaling up of the valuation of the global static and rotating equipment (oil and gas) market is expected to be achieved with the help of a modest CAGR of 3.7% over
Read more

Rise In Applications In Pharmaceutical And Pigment Industries Are Expected To Drive Diketene Market

Diketene is an organic compound and colorless liquid with the molecular formula of C4H4O2. It is a member of the oxetane family. Diketene is manufactured by the process of dimerization of ketene. It is used as a reagent in organic chemistry. Diketenes with two alkyl chains are used in the manufacture of paper for sizing of paper in order to improve their printability. Diketene is a highly reactive building block, which can be combined with numerous other chemical compounds to make a wide range of products. Transport of diketene is forbidden due to its high energy content. Diketene product are made with alcohols, aliphatic amines, and aromatic amines. Planning to lay down strategy for the next few years? Our report can help shape your plan better. Diketene, the anhydride of acetoacetic acid, and diketene derivatives can be segmented based on application into manufacture of agrochemicals, dyes, pigments, pharmaceuticals (including vitamins), and stabilizers for PVC and polyester. O
Read more