Polyurethane Elastomers Market Size & Share, by Type (Thermoplastic, Thermoset PU Elastomers); End-user (Automotive, Building & Construction, Footwear, Machinery) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 2842
  • Published Date: Jul 28, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Polyurethane Elastomers Market size is poised to reach USD 20 Billion by the end of 2035, growing at a CAGR of 3% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of polyurethane elastomers was USD 2 Billion. The reason behind the growth is impelled by the growing requirement for polyurethane elastomers in the automotive industry. Polyurethane elastomers are highly used in the automotive industry to manufacture doors, window surrounds, acoustic insulation, headrests, seats, trimming, and exterior & interior of automobiles. Furthermore, these elastomers are also used in the tires and wheels of automobiles.

The rising demand for polyurethane elastomers in mining is believed to fuel market growth. For instance, polyurethane elastomers are highly used in the mining sector such as pump impellers, mining screens, conveyors’ belts, and others. It is a highly required product in mining since it can decrease wear and tear, abrasion, and shock.

Polyurethane Elastomers Market
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Polyurethane Elastomers Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Conveyors Belts - Polyurethane elastomers are the most suitable material to make conveyor belts. Moreover, polyurethane adhesives are usually used to seal the ends of conveyor belts and can be utilized in even the most delicate food applications without any problems. Therefore, higher demand for conveyor belts in bottling manufacturing, mining, agriculture, food, and industries is estimated to propel the market growth over the forecast period.
  • Growing Demand in Medical Devices- The high strength and simplicity of processing polyurethane elastomers make them the material of choice for innumerable medical devices. Polyurethanes elastomers are used in medicine since they are compatible with the human body and are also employed in medical devices such as surgical instruments.


  • Health Hazards of Polyurethane Elastomers - To give shape to end-use products manufactured from polyurethane elastomers, the hot wire cutting method is used. During this process, vapors from the hot wire cutting can be irritating and hence in acute conditions, result in coughing. The emitted vapor is also known to contain trace amounts of toluene diisocyanate (TDI) or diphenylmethane diisocyanate (MDI), which is harmful to human health. In chronic conditions, studies showed that inhalation or overexposure to clouds of dust may cause inflammation of the lungs, fibrosis, and airway obstruction. Such factors are anticipated to hamper the growth of the global polyurethane elastomers market.
  • Poor Weatherability and Thermal Capability
  • Flammable and Utilizes Toxic Isocyanates

Polyurethane Elastomers Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 20 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Polyurethane Elastomers Segmentation

End Use Industry (Automotive, Building & Construction, Footwear, Machinery)

The footwear segment is estimated to hold 24% share of the global polyurethane elastomers market in the coming years owing to its numerous favorable properties of polyurethane elastomers when used as a raw material for manufacturing footwear. The composition of polyurethane elastomer is mostly utilized to create flexible high-tensile soles, suppers, and accessories. PU elastomers maintain the aesthetics of the footwear. Also, it prevents the formation of wrinkles and has excellent hydrolysis and abrasion resistance. Utilization of PU elastomers for manufacturing footwear also provides good compression.

In addition, numerous forms of footwear, including boots and shoes for sports and hiking, are made of polyurethane elastomer foams owing to their low weight and excellent dampening properties.

Type (Thermoplastic, Thermoset PU Elastomers)

The thermoset PU elastomers segment is set to garner a notable share in the near future driven by the fact that it has high elasticity compared to other polymer elastomers and it can function quite well in low-temperature with robust flexibility. Elastomers are polymers with weak crosslinks, which exhibit great elasticity at room temperature and can be widely stretched. Moreover, it is a versatile material that can take multiple forms.

Thermoset PU elastomers are highly used in the mining processes such as storage, transportation, and extraction mainly in rollers, mining screens, pump impeller wheels, and others. Furthermore, thermoset PU elastomers are also used as adhesives, mold compounds, insulation, and coatings. Hence, all these factors are anticipated to boost the market growth over the forecast period.

Our in-depth analysis of the global market includes the following segments:


  • Thermoplastic
  • Thermoset PU Elastomers

           End Use

  • Automotive
  • Building & Construction
  • Footwear
  • Machinery

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Polyurethane Elastomers Industry - Regional Synopsis

APAC Market Forecast

Polyurethane Elastomers market in Asia Pacific is predicted to account for the largest share of over 32% by the end of 2035 impelled by the increase in spending on consumer goods. For instance, more and more consumers in the region are investing in home furniture and bedding products to upgrade their living spaces which require the usage of polyurethane elastomers since they are Rubber-like materials and can be molded into practically any shape. Furthermore, these materials are also used to create hard foams that offer support and cushioning.

North American Market Statistics

The polyurethane elastomers market in North America is estimated to be the second largest, during the forecast timeframe led by the increasing construction sector. For instance, Canada is one of the wealthiest nations with one of the largest economies in the world, and the foundation of its economy is construction. As a result, the demand for polyurethane elastomers is expected to rise in the region.

Moreover, polyurethane-elastomers are suitable as forms for cement-bound materials including concrete, which is primarily utilized for sealing joints and openings in constructions. Owing to their superior bonding qualities and endurance, they are also frequently employed as sealants and adhesives in construction. According to the estimates, in 2022, the construction market in the United States was estimated to be around USD 1 trillion.

Research Nester
Polyurethane Elastomers Market Size
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Companies Dominating the Global Polyurethane Elastomers Landscape

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Dow Chemical Company
    • Tosoh Corporation
    • Argonics, Inc.
    • Herikon
    • Huntsman International LLC.
    • Trelleborg AB
    • Lubrizol Corporation
    • Covestro AG

In the News

  • BASF SE announced that it has expanded the application range of Ultrasim, which is a computer-aided engineering (CAE) simulation tool, aimed to support the manufacturing process of thermoplastic elastomers.
  • Dow Inc. announced that it has partnered with Univar Inc. for the distribution of its broad portfolio range of polyurethane products in North America.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 2842
  • Published Date: Jul 28, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for polyurethane elastomers in mining and the growing requirement for polyurethane elastomers in the automotive industry are the major factors driving the growth of the market.

The market size of Polyurethane Elastomers is anticipated to attain a CAGR of 3% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Dow Chemical Company, Tosoh Corporation, Argonics, Inc., LANXESS AG, Herikon, Huntsman International LLC., Trelleborg AB, Lubrizol Corporation, Covestro AG, and others.

The footwear segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Polyurethane Elastomers Market Report Scope

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