Lucintel’s latest market report analyzed that polyurethane elastomer provides attractive opportunities in the transportation, aerospace, construction, footwear, electrical & electronics, adhesives & sealants, medical, and textile industries. The polyurethane elastomer market is expected to reach $12.0 billion by 2028 with a CAGR of 6%. In this market, injection molding is the largest segment by processing method, whereas footwear is largest by end use industry.
Based on processing method, the polyurethane elastomer market is segmented into injection molding, extrusion, and blow and compression molding. The injection molding segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because it is a cost-effective method, which ensures enhanced strength and higher flexibility as compared to other types of processing methods.
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The Polyurethane Elastomer Market is marked by the presence of several big and small players. Some of the prominent players offering polyurethane elastomer include Tosoh Corporation, Dow, BASF SE Covestro AG, and Huntsman International.
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