세계의 폴리우레탄 엘라스토머 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of polyurethane elastomers Market

The global polyurethane elastomers market is experiencing steady expansion, driven by increasing applications across automotive, furniture, construction, footwear, and industrial manufacturing. According to the latest industry insights, the global polyurethane elastomers market size reached USD 6.26 billion in 2024, is projected to rise to USD 6.59 billion in 2025, and is expected to reach USD 9.52 billion by 2032, reflecting a CAGR of 5.4% from 2025-2032. The Asia Pacific region dominated with a 46.17% market share in 2024, supported by its strong industrial base, robust manufacturing growth, and rising demand across automotive and consumer goods sectors.

Market Overview

Polyurethane elastomers are highly versatile elastic polymers known for their exceptional strength, flexibility, abrasion resistance, and ability to undergo significant reversible deformation. Their superior performance characteristics make them ideal substitutes for rubber, plastics, and metals in demanding applications. Industries around the world increasingly rely on polyurethane elastomers to enhance durability, reduce weight, and improve product performance-especially in automotive and consumer goods manufacturing.

Leading companies in the global market include Covestro AG, Nordmann, American Urethane, Inc., Argonics, DOW, Huntsman, LANXESS, Mitsui Chemicals, and INOAC, all of which continue to invest in sustainability, product innovation, and capacity expansion.

Market Trends

A significant trend shaping market growth is the rising adoption of polyurethane elastomers in electric vehicles (EVs). As EV manufacturers seek lightweight, durable components to improve battery efficiency and range, PU elastomers are increasingly used for battery seals, thermal insulation, gaskets, vibration control components, bumpers, and lightweight body parts. The expansion of EV production facilities globally-combined with the shift toward energy-efficient materials-is expected to accelerate PU elastomer demand throughout the forecast period.

Market Dynamics

Drivers

The automotive sector remains a primary driver of global market growth. Polyurethane elastomers are used extensively in suspension bushings, tires, gaskets, engine mounts, wheel components, and interior parts, owing to their high tensile strength, flexibility, and abrasion resistance. As global car production increases-especially in China, India, and the U.S.-so does the requirement for advanced elastomers that meet performance and regulatory standards.

The consumer goods industry also contributes significantly. PU elastomers are widely used in footwear, sporting goods, ergonomic furniture components, electronics housings, and household products, driven by rising demand for lightweight, durable materials that enhance comfort and performance.

Restraints

Durability concerns and health risks linked to certain raw materials-such as polybutadiene-pose challenges for the market. Performance limitations in extremely harsh environments may lead manufacturers to adopt alternative materials with higher durability.

Opportunities

A major opportunity lies in the development of bio-based and environmentally friendly polyurethane elastomers. Emerging technologies enable manufacturers to use lignin, vegetable oils, biomass-derived polyols, and other renewable feedstocks, reducing carbon emissions and dependency on petroleum. With global emphasis on sustainability, bio-based PU elastomers are likely to gain traction across consumer goods, automotive, and industrial applications.

Segmental Analysis

By Application

The furniture segment is expected to hold the largest market share in 2025, driven by the rising use of polyurethane elastomers in mattresses, cushions, ergonomic accessories, and structural components. PU materials offer long-lasting comfort, resilience, and customization options, supporting strong adoption across the global furniture manufacturing industry.

The construction segment uses polyurethane elastomers in sealants, adhesives, and expansion joint materials, benefitting from their superior stress recovery and environmental resistance.

The automotive segment continues to expand, utilizing PU elastomers in tires, panels, mounts, and suspension systems, aiding vehicle weight reduction and fuel efficiency.

Regional Outlook

Asia Pacific - Market Size 2024: USD 2.89 Billion

Asia Pacific remains the leading region due to high manufacturing activity, urbanization, and strong automotive and electronics production in China, India, and Japan.

North America

Growth is supported by automotive innovation, construction activity, and increasing use of polyurethane elastomers in EV components and cold-storage infrastructure.

Europe

Demand is driven by advanced automotive manufacturing, footwear production, and construction applications. Lightweight materials remain a priority across Germany, France, and Italy.

Latin America

Brazil leads regional growth due to expanding automotive and footwear production, supported by rapid industrialization.

Middle East & Africa

Gradual growth is driven by construction expansion and emerging automotive assembly operations.

Conclusion

With the global market rising from USD 6.26 billion in 2024 to USD 9.52 billion by 2032, polyurethane elastomers remain essential across industries aiming for durability, efficiency, and material innovation. Expanding EV production, growing furniture demand, and increasing technological advancements are expected to sustain strong market growth in the years ahead.

Segmentation By Application

• Furniture
• Construction
• Electronics
• Automotive & Transportation
• Packaging
• Footwear
• Others

By Region

• North America (By Application and Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Application and Country)
  • Germany (By Application)
  • France (By Application)
  • U.K. (By Application)
  • Italy (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Application and Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Application and Sub-region)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Application and Sub-region)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of the Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Market Trends in the Global Market
• 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
• 4.3. Latest Technological Advancement
• 4.4. Insights on Sustainability
• 4.5. Porters Five Forces Analysis
• 4.6. TARIFF impact on Market
• 4.7. Price Trend Analysis

5. Global Polyurethane Elastomers Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. By Application
  • 5.2.1. Furniture
  • 5.2.2. Construction
  • 5.2.3. Electronics
  • 5.2.4. Automotive & Transportation
  • 5.2.5. Packaging
  • 5.2.6. Footwear
  • 5.2.7. Others
• 5.3. By Region
  • 5.3.1. North America
  • 5.3.2. Europe
  • 5.3.3. Asia Pacific
  • 5.3.4. Latin America
  • 5.3.5. Middle East & Africa

6. North America Polyurethane Elastomers Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. By Application
  • 6.2.1. Furniture
  • 6.2.2. Construction
  • 6.2.3. Electronics
  • 6.2.4. Automotive & Transportation
  • 6.2.5. Packaging
  • 6.2.6. Footwear
  • 6.2.7. Others
• 6.3. By Country
  • 6.3.1. U.S.
    • 6.3.1.1. By Application
      • 6.3.1.1.1. Furniture
      • 6.3.1.1.2. Construction
      • 6.3.1.1.3. Electronics
      • 6.3.1.1.4. Automotive & Transportation
      • 6.3.1.1.5. Packaging
      • 6.3.1.1.6. Footwear
      • 6.3.1.1.7. Others
  • 6.3.2. Canada
    • 6.3.2.1. By Application
      • 6.3.2.1.1. Furniture
      • 6.3.2.1.2. Construction
      • 6.3.2.1.3. Electronics
      • 6.3.2.1.4. Automotive & Transportation
      • 6.3.2.1.5. Packaging
      • 6.3.2.1.6. Footwear
      • 6.3.2.1.7. Others

7. Europe Polyurethane Elastomers Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Application
  • 7.2.1. Furniture
  • 7.2.2. Construction
  • 7.2.3. Electronics
  • 7.2.4. Automotive & Transportation
  • 7.2.5. Packaging
  • 7.2.6. Footwear
  • 7.2.7. Others
• 7.3. By Country
  • 7.3.1. Germany
    • 7.3.1.1.
      • 7.3.1.1.1. Furniture
      • 7.3.1.1.2. Construction
      • 7.3.1.1.3. Electronics
      • 7.3.1.1.4. Automotive & Transportation
      • 7.3.1.1.5. Packaging
      • 7.3.1.1.6. Footwear
      • 7.3.1.1.7. Others
  • 7.3.2. France
    • 7.3.2.1. By Application
      • 7.3.2.1.1. Furniture
      • 7.3.2.1.2. Construction
      • 7.3.2.1.3. Electronics
      • 7.3.2.1.4. Automotive & Transportation
      • 7.3.2.1.5. Packaging
      • 7.3.2.1.6. Footwear
      • 7.3.2.1.7. Others
  • 7.3.3. U.K.
    • 7.3.3.1. By Application
      • 7.3.3.1.1. Furniture
      • 7.3.3.1.2. Construction
      • 7.3.3.1.3. Electronics
      • 7.3.3.1.4. Automotive & Transportation
      • 7.3.3.1.5. Packaging
      • 7.3.3.1.6. Footwear
      • 7.3.3.1.7. Others
  • 7.3.4. Italy
    • 7.3.4.1. By Application
      • 7.3.4.1.1. Furniture
      • 7.3.4.1.2. Construction
      • 7.3.4.1.3. Electronics
      • 7.3.4.1.4. Automotive & Transportation
      • 7.3.4.1.5. Packaging
      • 7.3.4.1.6. Footwear
      • 7.3.4.1.7. Others
  • 7.3.5. Rest of Europe
    • 7.3.5.1. By Application
      • 7.3.5.1.1. Furniture
      • 7.3.5.1.2. Construction
      • 7.3.5.1.3. Electronics
      • 7.3.5.1.4. Automotive & Transportation
      • 7.3.5.1.5. Packaging
      • 7.3.5.1.6. Footwear
      • 7.3.5.1.7. Others

8. Asia-Pacific Polyurethane Elastomers Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Application
  • 8.2.1. Furniture
  • 8.2.2. Construction
  • 8.2.3. Electronics
  • 8.2.4. Automotive & Transportation
  • 8.2.5. Packaging
  • 8.2.6. Footwear
  • 8.2.7. Others
• 8.3. By Country
  • 8.3.1. China
    • 8.3.1.1. By Application
      • 8.3.1.1.1. Furniture
      • 8.3.1.1.2. Construction
      • 8.3.1.1.3. Electronics
      • 8.3.1.1.4. Automotive & Transportation
      • 8.3.1.1.5. Packaging
      • 8.3.1.1.6. Footwear
      • 8.3.1.1.7. Others
  • 8.3.2. Japan
    • 8.3.2.1. By Application
      • 8.3.2.1.1. Furniture
      • 8.3.2.1.2. Construction
      • 8.3.2.1.3. Electronics
      • 8.3.2.1.4. Automotive & Transportation
      • 8.3.2.1.5. Packaging
      • 8.3.2.1.6. Footwear
      • 8.3.2.1.7. Others
  • 8.3.3. India
    • 8.3.3.1. By Application
      • 8.3.3.1.1. Furniture
      • 8.3.3.1.2. Construction
      • 8.3.3.1.3. Electronics
      • 8.3.3.1.4. Automotive & Transportation
      • 8.3.3.1.5. Packaging
      • 8.3.3.1.6. Footwear
      • 8.3.3.1.7. Others
  • 8.3.4. Rest of Asia-Pacific
    • 8.3.4.1. By Application
      • 8.3.4.1.1. Furniture
      • 8.3.4.1.2. Construction
      • 8.3.4.1.3. Electronics
      • 8.3.4.1.4. Automotive & Transportation
      • 8.3.4.1.5. Packaging
      • 8.3.4.1.6. Footwear
      • 8.3.4.1.7. Others

9. Latin America Polyurethane Elastomers Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Application
  • 9.2.1. Furniture
  • 9.2.2. Construction
  • 9.2.3. Electronics
  • 9.2.4. Automotive & Transportation
  • 9.2.5. Packaging
  • 9.2.6. Footwear
  • 9.2.7. Others
• 9.3. By Country
  • 9.3.1. Brazil
    • 9.3.1.1. By Application
      • 9.3.1.1.1. Furniture
      • 9.3.1.1.2. Construction
      • 9.3.1.1.3. Electronics
      • 9.3.1.1.4. Automotive & Transportation
      • 9.3.1.1.5. Packaging
      • 9.3.1.1.6. Footwear
      • 9.3.1.1.7. Others
  • 9.3.2. Mexico
    • 9.3.2.1. By Application
      • 9.3.2.1.1. Furniture
      • 9.3.2.1.2. Construction
      • 9.3.2.1.3. Electronics
      • 9.3.2.1.4. Automotive & Transportation
      • 9.3.2.1.5. Packaging
      • 9.3.2.1.6. Footwear
      • 9.3.2.1.7. Others
  • 9.3.3. Rest of Latin America
    • 9.3.3.1. By Application
      • 9.3.3.1.1. Furniture
      • 9.3.3.1.2. Construction
      • 9.3.3.1.3. Electronics
      • 9.3.3.1.4. Automotive & Transportation
      • 9.3.3.1.5. Packaging
      • 9.3.3.1.6. Footwear
      • 9.3.3.1.7. Others

10. Middle East & Africa Polyurethane Elastomers Market Analysis, Insights and Forecast, 2019-2032

• 10.1. Key Findings / Summary
• 10.2. By Application
  • 10.2.1. Furniture
  • 10.2.2. Construction
  • 10.2.3. Electronics
  • 10.2.4. Automotive & Transportation
  • 10.2.5. Packaging
  • 10.2.6. Footwear
  • 10.2.7. Others
• 10.3. By Country
  • 10.3.1. GCC
    • 10.3.1.1. By Application
      • 10.3.1.1.1. Furniture
      • 10.3.1.1.2. Construction
      • 10.3.1.1.3. Electronics
      • 10.3.1.1.4. Automotive & Transportation
      • 10.3.1.1.5. Packaging
      • 10.3.1.1.6. Footwear
      • 10.3.1.1.7. Others
  • 10.3.2. South Africa
    • 10.3.2.1. By Application
      • 10.3.2.1.1. Furniture
      • 10.3.2.1.2. Construction
      • 10.3.2.1.3. Electronics
      • 10.3.2.1.4. Automotive & Transportation
      • 10.3.2.1.5. Packaging
      • 10.3.2.1.6. Footwear
      • 10.3.2.1.7. Others
  • 10.3.3. Rest of Middle East & Africa
    • 10.3.3.1. By Application
      • 10.3.3.1.1. Furniture
      • 10.3.3.1.2. Construction
      • 10.3.3.1.3. Electronics
      • 10.3.3.1.4. Automotive & Transportation
      • 10.3.3.1.5. Packaging
      • 10.3.3.1.6. Footwear
      • 10.3.3.1.7. Others

11. Competitive Analysis

• 11.1. Covestro AG (Germany)
  • 11.1.1. Overview
  • 11.1.2. Description
  • 11.1.3. Product Portfolio
  • 11.1.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.1.5. Recent Developments
• 11.2. Nordmann (Germany)
  • 11.2.1. Overview
  • 11.2.2. Description
  • 11.2.3. Product Portfolio
  • 11.2.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.2.5. Recent Developments
• 11.3. American Urethane, Inc. (U.S.)
  • 11.3.1. Overview
  • 11.3.2. Description
  • 11.3.3. Product Portfolio
  • 11.3.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.3.5. Recent Developments
• 11.4. Argonics (U.S.)
  • 11.4.1. Overview
  • 11.4.2. Description
  • 11.4.3. Product Portfolio
  • 11.4.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.4.5. Recent Developments
• 11.5. DOW (U.S.)
  • 11.5.1. Overview
  • 11.5.2. Description
  • 11.5.3. Product Portfolio
  • 11.5.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.5.5. Recent Developments
• 11.6. Huntsman International LLC (U.S.)
  • 11.6.1. Overview
  • 11.6.2. Description
  • 11.6.3. Product Portfolio
  • 11.6.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.6.5. Recent Developments
• 11.7. INOAC CORPORATION (Japan)
  • 11.7.1. Overview
  • 11.7.2. Description
  • 11.7.3. Product Portfolio
  • 11.7.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.7.5. Recent Developments
• 11.8. LANXESS (Germany)
  • 11.8.1. Overview
  • 11.8.2. Description
  • 11.8.3. Product Portfolio
  • 11.8.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.8.5. Recent Developments
• 11.9. Mitsui Chemicals, Inc. (Japan)
  • 11.9.1. Overview
  • 11.9.2. Description
  • 11.9.3. Product Portfolio
  • 11.9.4. Financials (Data as available in public domain and/or on paid databases)
  • 11.9.5. Recent Developments
• 11.10. The Lubrizol Corporation (U.S.)
  • 11.10.1. Overview
  • 11.10.2. Description
  • 11.10.3. Product Portfolio
  • 11.10.4. Financials (Data as available in public domain and/or on paid databases)
• 11.11. Recent Developments

12. Strategic Recommendations