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 â€“ 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.