Market Research Future Published a Half-Cooked Research Report on Global Polyurethane Elastomers Market Report - Global Forecast till 2025
Leading Players in the Covid-19 Analysis on Polyurethane Elastomers Market include VCM Polyurethanes Pvt. Ltd., Argonics Inc., Herikon, Trelleborg, The Lubrizol Corporation, LANXESS, Huntsman International LLC, Covestro AG, BASF SE, Dow, and Tosoh Corporation.
In October 2019, Covestro conferred its yearly global science awards in the Covestro Science Celebration at K 2019.The award was given to a researcher looking to develop faster methods of production for custom polymer formulations. Industrial backing to the research sector is likely to remain an important driver for the Polyurethane Elastomers Market, as the market still witnesses a significant degree of innovation and research projects hold an important role in the market.
Global Polyurethane Elastomers Market has been segmented based on Type, End-Use Industry and Region.
Based on Type, Global Polyurethane Elastomers Market has been classified as thermoset PU elastomers and thermoplastic PU elastomers.
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By End-Use Industry, Global Polyurethane Elastomers Market has been divided into footwear, automotive, machinery, building & construction, medical, and others. Footwear is the largest revenue generator in the Global Polyurethane Elastomers Market and is likely to expand at a healthy CAGR over the forecast period to remain the leading end use segment over the forecast period. The footwear segment accounted for a strong 37% share in the Global Polyurethane Elastomers Market in 2018, followed by the automotive and machinery segments. These two segments are also likely to be highly important to the Global Polyurethane Elastomers Market over the forecast period.
Asia Pacific is the leading revenue generator in the Global Polyurethane Elastomers Market and accounted for more than 50% of the global market in 2018. Increasing spending on consumer goods, including footwear, is a major driver for the Polyurethane Elastomers Market in Asia Pacific. The rising demand for high-performance sports footwear is likely to be a major driver for the Polyurethane Elastomers Market in Asia Pacific, as sports footwear uses a high amount of Polyurethane.
COVID-19 Study in Detail:
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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