Polyurethane Elastomers Market - Forecast(2021 - 2026)
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. Polyurethane Elastomers Market Outlook: Polyurethane Elastomers are rubber like materials that are manufactured by the reaction of Isocyanates with hydroxyl group in the Polyols (alcohol) to which a curative agent is added which forms the links between the polymer strands thus curing the polyurethane elastomer. The major Isocyanates used are either Toluene Diisocyanate (TDI) or Methy-dip...