Title: Polyurethane Elastomers Market - Forecast(2022 - 2027)
1Polyurethane Elastomers Market - Forecast(2022 -
2027)
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- Polyurethane elastomers find application in
various fields and are preferred due to their
durability, flexibility, toughness, load
strength, abrasion resistance, and chemical
resistance. - The Asia-Pacific region is the largest
shareholder in the market for Polyurethane
Elastomers followed by America. The Polyurethane
Elastomer Market is estimated to be worth around
22 billion by 2023 - The market is expected to grow at a CAGR of 4.7
during the forecast period from 2018 to 2023.
China was the highest importer of Polyurethane
while Germany was the Lead exporter of
polyurethane in its primary forms.Â
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- Key Takeaways from this Report
- Key players in the market are expanding their
polyurethane production capacities such as BASF
and COIM so as to maintain supply for the growing
demand for polyurethane elastomers and
polyurethane material in general. - 4, 4-methylenebis 2-chloroaniline, also known as
MOCA, is one the widely used curatives in the
processing of polyurethane elastomers. Due to
actions taken by the REACH regulatory body in the
EU, MOCA has been put under a strict ban due to
its toxic nature and its link to cancer. This has
led to the slow phase out of MOCA and innovative
solutions for alternative curing agents.
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By Distribution Channel- Segment Analysis The
most widely used raw materials for the production
of Polyurethane are TDI, MDI and 1, 4 Butanediol
are all derivatives of crude oil. The increasing
prices of crude oil and the general volatility
that is observed in the prices of crude oil are a
major deterrent for the market. MOCA which is the
most used chemical as a curative for polyurethane
manufacturing is also facing regulatory backlash
in the EU region due to which alternative will
have to be considered, none of which perform as
well a MOCA.
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- Polyurethane Elastomers Market Industry Outlook
- Covestro
- BASF
- Dow DuPont
- Huntsman Corporation
- Chemtura
- American Urethanes
- Sinopec
- Lyondellbasell industries
- Galagher corp., Argonics and many more. Â
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ane-elastomers-market-analysis.html
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