
The global Polyurethane Elastomers market size was US$ 6453 million in 2024 and is forecast to a readjusted size of US$ 9686 million by 2031 with a CAGR of 6.1% during the forecast period 2025-2031.
Polyurethane elastomer is an elastic material made of polyurethane polymer, which has excellent elasticity, wear resistance and tear resistance. Polyurethane elastomer is a variety of polyurethane synthetic materials (other varieties refer to polyurethane foam plastics, polyurethane adhesives, polyurethane coatings and polyurethane fibers). Polyurethane elastomer is a polymer material that combines the advantages of rubber and plastic. Its molecular structure contains hard segments and soft segments. The hard segments provide mechanical strength, and the soft segments give the material elasticity and flexibility, which makes polyurethane elastomer suitable for a variety of applications.
Polyurethane elastomers are versatile materials widely used in various industries due to their exceptional mechanical properties, including high elasticity, abrasion resistance, and chemical stability. The global market is driven by demand in automotive, construction, footwear, and industrial applications. Innovations such as bio-based polyurethane elastomers and lightweight formulations are gaining traction, driven by sustainability trends. The Asia-Pacific region, especially China and India, dominates the market owing to rapid industrialization and urbanization. Meanwhile, developed markets in North America and Europe focus on high-performance and specialty applications. The industry faces challenges such as fluctuating raw material prices and environmental regulations, which are pushing manufacturers toward greener alternatives.
The global Polyurethane Elastomers market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
Huafeng Group
BASF
Lubrizol
Wanhua Chemical
Covestro
Yinoway
Merui New Materials
Huntsman
LANXESS
Zibo Huatian Rubber & Plastic Technology
Huide Technology
COIM Group
Epaflex
Trinseo
Hexpol
Avient
Zhongke Yourui
By Type: (Dominant Segment vs High-Margin Innovation)
Casting Polyurethane Elastomer (CPE)
Thermoplastic Polyurethane Elastomer (TPE)
Polyurethane Microcellular Elastomer
Mixed Polyurethane Elastomer(MPE) and Others
By Application: (Core Demand Driver vs Emerging Opportunity)
Automotive
Industrial Machinery
Electronics and Electrical Appliances
Medical Equipment
Sports and Leisure
Other
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., Huafeng Group in Europe)
- Emerging Product Trends: Casting Polyurethane Elastomer (CPE) adoption vs. Thermoplastic Polyurethane Elastomer (TPE) premiumization
- Demand-Side Dynamics: Automotive growth in China vs. Industrial Machinery potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Polyurethane Elastomers market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Thermoplastic Polyurethane Elastomer (TPE) in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Industrial Machinery in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Polyurethane Elastomers value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Polyurethane Elastomers Product Scope
1.2 Polyurethane Elastomers by Type
1.2.1 Global Polyurethane Elastomers Sales by Type (2020 & 2024 & 2031)
1.2.2 Casting Polyurethane Elastomer (CPE)
1.2.3 Thermoplastic Polyurethane Elastomer (TPE)
1.2.4 Polyurethane Microcellular Elastomer
1.2.5 Mixed Polyurethane Elastomer(MPE) and Others
1.3 Polyurethane Elastomers by Application
1.3.1 Global Polyurethane Elastomers Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Automotive
1.3.3 Industrial Machinery
1.3.4 Electronics and Electrical Appliances
1.3.5 Medical Equipment
1.3.6 Sports and Leisure
1.3.7 Other
1.4 Global Polyurethane Elastomers Market Estimates and Forecasts (2020-2031)
1.4.1 Global Polyurethane Elastomers Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Polyurethane Elastomers Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Polyurethane Elastomers Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Polyurethane Elastomers Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Polyurethane Elastomers Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Polyurethane Elastomers Sales Market Share by Region (2020-2025)
2.2.2 Global Polyurethane Elastomers Revenue Market Share by Region (2020-2025)
2.3 Global Polyurethane Elastomers Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Polyurethane Elastomers Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Polyurethane Elastomers Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Polyurethane Elastomers Market Size and Prospective (2020-2031)
2.4.2 Europe Polyurethane Elastomers Market Size and Prospective (2020-2031)
2.4.3 China Polyurethane Elastomers Market Size and Prospective (2020-2031)
2.4.4 Japan Polyurethane Elastomers Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Polyurethane Elastomers Historic Market Review by Type (2020-2025)
3.1.1 Global Polyurethane Elastomers Sales by Type (2020-2025)
3.1.2 Global Polyurethane Elastomers Revenue by Type (2020-2025)
3.1.3 Global Polyurethane Elastomers Price by Type (2020-2025)
3.2 Global Polyurethane Elastomers Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Polyurethane Elastomers Sales Forecast by Type (2026-2031)
3.2.2 Global Polyurethane Elastomers Revenue Forecast by Type (2026-2031)
3.2.3 Global Polyurethane Elastomers Price Forecast by Type (2026-2031)
3.3 Different Types Polyurethane Elastomers Representative Players
4 Global Market Size by Application
4.1 Global Polyurethane Elastomers Historic Market Review by Application (2020-2025)
4.1.1 Global Polyurethane Elastomers Sales by Application (2020-2025)
4.1.2 Global Polyurethane Elastomers Revenue by Application (2020-2025)
4.1.3 Global Polyurethane Elastomers Price by Application (2020-2025)
4.2 Global Polyurethane Elastomers Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Polyurethane Elastomers Sales Forecast by Application (2026-2031)
4.2.2 Global Polyurethane Elastomers Revenue Forecast by Application (2026-2031)
4.2.3 Global Polyurethane Elastomers Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Polyurethane Elastomers Application
5 Competition Landscape by Players
5.1 Global Polyurethane Elastomers Sales by Players (2020-2025)
5.2 Global Top Polyurethane Elastomers Players by Revenue (2020-2025)
5.3 Global Polyurethane Elastomers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Polyurethane Elastomers as of 2024)
5.4 Global Polyurethane Elastomers Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Polyurethane Elastomers, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Polyurethane Elastomers, Product Type & Application
5.7 Global Key Manufacturers of Polyurethane Elastomers, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Polyurethane Elastomers Sales by Company
6.1.1.1 North America Polyurethane Elastomers Sales by Company (2020-2025)
6.1.1.2 North America Polyurethane Elastomers Revenue by Company (2020-2025)
6.1.2 North America Polyurethane Elastomers Sales Breakdown by Type (2020-2025)
6.1.3 North America Polyurethane Elastomers Sales Breakdown by Application (2020-2025)
6.1.4 North America Polyurethane Elastomers Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Polyurethane Elastomers Sales by Company
6.2.1.1 Europe Polyurethane Elastomers Sales by Company (2020-2025)
6.2.1.2 Europe Polyurethane Elastomers Revenue by Company (2020-2025)
6.2.2 Europe Polyurethane Elastomers Sales Breakdown by Type (2020-2025)
6.2.3 Europe Polyurethane Elastomers Sales Breakdown by Application (2020-2025)
6.2.4 Europe Polyurethane Elastomers Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Polyurethane Elastomers Sales by Company
6.3.1.1 China Polyurethane Elastomers Sales by Company (2020-2025)
6.3.1.2 China Polyurethane Elastomers Revenue by Company (2020-2025)
6.3.2 China Polyurethane Elastomers Sales Breakdown by Type (2020-2025)
6.3.3 China Polyurethane Elastomers Sales Breakdown by Application (2020-2025)
6.3.4 China Polyurethane Elastomers Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Polyurethane Elastomers Sales by Company
6.4.1.1 Japan Polyurethane Elastomers Sales by Company (2020-2025)
6.4.1.2 Japan Polyurethane Elastomers Revenue by Company (2020-2025)
6.4.2 Japan Polyurethane Elastomers Sales Breakdown by Type (2020-2025)
6.4.3 Japan Polyurethane Elastomers Sales Breakdown by Application (2020-2025)
6.4.4 Japan Polyurethane Elastomers Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Huafeng Group
7.1.1 Huafeng Group Company Information
7.1.2 Huafeng Group Business Overview
7.1.3 Huafeng Group Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Huafeng Group Polyurethane Elastomers Products Offered
7.1.5 Huafeng Group Recent Development
7.2 BASF
7.2.1 BASF Company Information
7.2.2 BASF Business Overview
7.2.3 BASF Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.2.4 BASF Polyurethane Elastomers Products Offered
7.2.5 BASF Recent Development
7.3 Lubrizol
7.3.1 Lubrizol Company Information
7.3.2 Lubrizol Business Overview
7.3.3 Lubrizol Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Lubrizol Polyurethane Elastomers Products Offered
7.3.5 Lubrizol Recent Development
7.4 Wanhua Chemical
7.4.1 Wanhua Chemical Company Information
7.4.2 Wanhua Chemical Business Overview
7.4.3 Wanhua Chemical Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Wanhua Chemical Polyurethane Elastomers Products Offered
7.4.5 Wanhua Chemical Recent Development
7.5 Covestro
7.5.1 Covestro Company Information
7.5.2 Covestro Business Overview
7.5.3 Covestro Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Covestro Polyurethane Elastomers Products Offered
7.5.5 Covestro Recent Development
7.6 Yinoway
7.6.1 Yinoway Company Information
7.6.2 Yinoway Business Overview
7.6.3 Yinoway Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Yinoway Polyurethane Elastomers Products Offered
7.6.5 Yinoway Recent Development
7.7 Merui New Materials
7.7.1 Merui New Materials Company Information
7.7.2 Merui New Materials Business Overview
7.7.3 Merui New Materials Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Merui New Materials Polyurethane Elastomers Products Offered
7.7.5 Merui New Materials Recent Development
7.8 Huntsman
7.8.1 Huntsman Company Information
7.8.2 Huntsman Business Overview
7.8.3 Huntsman Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Huntsman Polyurethane Elastomers Products Offered
7.8.5 Huntsman Recent Development
7.9 LANXESS
7.9.1 LANXESS Company Information
7.9.2 LANXESS Business Overview
7.9.3 LANXESS Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.9.4 LANXESS Polyurethane Elastomers Products Offered
7.9.5 LANXESS Recent Development
7.10 Zibo Huatian Rubber & Plastic Technology
7.10.1 Zibo Huatian Rubber & Plastic Technology Company Information
7.10.2 Zibo Huatian Rubber & Plastic Technology Business Overview
7.10.3 Zibo Huatian Rubber & Plastic Technology Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Zibo Huatian Rubber & Plastic Technology Polyurethane Elastomers Products Offered
7.10.5 Zibo Huatian Rubber & Plastic Technology Recent Development
7.11 Huide Technology
7.11.1 Huide Technology Company Information
7.11.2 Huide Technology Business Overview
7.11.3 Huide Technology Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Huide Technology Polyurethane Elastomers Products Offered
7.11.5 Huide Technology Recent Development
7.12 COIM Group
7.12.1 COIM Group Company Information
7.12.2 COIM Group Business Overview
7.12.3 COIM Group Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.12.4 COIM Group Polyurethane Elastomers Products Offered
7.12.5 COIM Group Recent Development
7.13 Epaflex
7.13.1 Epaflex Company Information
7.13.2 Epaflex Business Overview
7.13.3 Epaflex Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Epaflex Polyurethane Elastomers Products Offered
7.13.5 Epaflex Recent Development
7.14 Trinseo
7.14.1 Trinseo Company Information
7.14.2 Trinseo Business Overview
7.14.3 Trinseo Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Trinseo Polyurethane Elastomers Products Offered
7.14.5 Trinseo Recent Development
7.15 Hexpol
7.15.1 Hexpol Company Information
7.15.2 Hexpol Business Overview
7.15.3 Hexpol Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Hexpol Polyurethane Elastomers Products Offered
7.15.5 Hexpol Recent Development
7.16 Avient
7.16.1 Avient Company Information
7.16.2 Avient Business Overview
7.16.3 Avient Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Avient Polyurethane Elastomers Products Offered
7.16.5 Avient Recent Development
7.17 Zhongke Yourui
7.17.1 Zhongke Yourui Company Information
7.17.2 Zhongke Yourui Business Overview
7.17.3 Zhongke Yourui Polyurethane Elastomers Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Zhongke Yourui Polyurethane Elastomers Products Offered
7.17.5 Zhongke Yourui Recent Development
8 Polyurethane Elastomers Manufacturing Cost Analysis
8.1 Polyurethane Elastomers Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Polyurethane Elastomers
8.4 Polyurethane Elastomers Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Polyurethane Elastomers Distributors List
9.3 Polyurethane Elastomers Customers
10 Polyurethane Elastomers Market Dynamics
10.1 Polyurethane Elastomers Industry Trends
10.2 Polyurethane Elastomers Market Drivers
10.3 Polyurethane Elastomers Market Challenges
10.4 Polyurethane Elastomers Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
Huafeng Group
BASF
Lubrizol
Wanhua Chemical
Covestro
Yinoway
Merui New Materials
Huntsman
LANXESS
Zibo Huatian Rubber & Plastic Technology
Huide Technology
COIM Group
Epaflex
Trinseo
Hexpol
Avient
Zhongke Yourui
Ìý
Ìý
*If Applicable.
