Polyurethane Elastomers Global Market Report 2026

Polyurethane elastomers are synthetic materials with elastomeric properties, consisting of diisocyanates, polyols, and sometimes chain extenders. These elastic polymers possess the ability to be stretched and, upon release, return to their original dimensions and shape. They exhibit characteristics such as strength, stiffness, flexibility, toughness, resilience, durability, and longevity. Polyurethane elastomers find applications in various industries, including mining screens, pump impellers, conveyor belts, rollers, and wheels.

The primary types of polyurethane elastomers include thermoplastic elastomers and thermosetting elastomers. Thermoplastic elastomers combine features of both thermoplastics and elastomers, demonstrating elasticity and flexibility when heated and solidifying into a rigid form upon cooling. These materials undergo processing through methods such as injection molding, extrusion, blow molding, and compression molding. They are utilized in diverse applications across industries such as automotive, construction, packaging, furniture and interiors, electronics, appliances, and more.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the polyurethane elastomers market by increasing costs of imported diisocyanates, polyols, additives, and processing machinery used in elastomer production. Automotive, mining, and industrial sectors in North America and Europe are most affected due to reliance on imported chemical feedstocks, while Asia-Pacific faces cost pressures on elastomer exports. These tariffs are increasing production costs and pricing volatility. However, they are also driving regional chemical manufacturing expansion and greater supply chain localization.

The polyurethane elastomers market research report is one of a series of new reports from The Business Research Company that provides polyurethane elastomers market statistics, including polyurethane elastomers industry global market size, regional shares, competitors with a polyurethane elastomers market share, detailed polyurethane elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the polyurethane elastomers industry. This polyurethane elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The polyurethane elastomers market size has grown steadily in recent years. It will grow from $20.5 billion in 2025 to $21.52 billion in 2026 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to growth in mining and material handling industries, rising use of elastomers in industrial equipment, expansion of automotive manufacturing, increased demand for wear-resistant components, availability of advanced elastomer formulations.

The polyurethane elastomers market size is expected to see steady growth in the next few years. It will grow to $26.14 billion in 2030 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to increasing demand for lightweight and durable materials, rising adoption of electric vehicles, expansion of automation in industrial processes, growing focus on recyclable elastomer solutions, increasing investments in infrastructure and construction. Major trends in the forecast period include increasing adoption of high-durability elastomer components, rising use of polyurethane elastomers in heavy-duty applications, growing demand for abrasion-resistant materials, expansion of elastomer use in automotive systems, enhanced focus on long-service-life components.

The rising automotive industry is anticipated to drive the growth of the polyurethane elastomers market. This industry encompasses various companies, organizations, and activities involved in the design, development, production, marketing, and sale of motor vehicles. Polyurethane elastomers play a crucial role in the automotive sector, providing a versatile solution with a balance of flexibility, resilience, and chemical resistance. This enhances the performance and longevity of automotive components. For instance, in December 2023, MarkLines Co. Ltd., a U.S.-based provider of online information services to the automotive industry, reported that new vehicle sales in the U.S. reached 1,242,376 units for November 2023, reflecting a 2.6% increase from October 2023 and an 8.8% increase from November 2022. Therefore, the growing automotive industry is a key driver for the polyurethane elastomers market.

Major companies in the polyurethane elastomers sector are focusing on product innovations. One such innovation is the development of polyurea-based elastomer systems to enhance performance and cater to diverse industrial demands. Polyurea-based elastomer systems are utilized in coatings or linings, forming durable, flexible, and protective layers with applications in industries such as construction, automotive, and marine. For example, in March 2023, Pearl Polyurethane Systems LLC, a UAE-based provider of customized solutions for polyurethane applications, introduced the polyurea-based DuraPearl Elastomer System. This system is predominantly used by spray coating contractors in projects such as waterproofing, joint sealant, truck bed liner, pipeline, and floor coatings. Polyurea-based solutions such as DuraPearl offer the advantage of faster curing times compared to epoxy alternatives, leading to increased productivity for spray coating operators. Additionally, these solutions provide an innovative and durable option for demanding spray coating applications, striking a balance between performance, sustainability, and ease of application.

In January 2023, Mearthane Products Corporation, a U.S.-based manufacturer of polyurethane components, acquired Precision Elastomers Inc. for an undisclosed amount. This strategic acquisition aimed to expand Mearthane Products Corporation's range of thermoset material capabilities by incorporating Precision Elastomers Inc.'s unique precision manufacturing processes and molded silicone technology. Precision Elastomers Inc. is a U.S.-based manufacturer specializing in custom thermoset polyurethane and silicone components.

Major companies operating in the polyurethane elastomers market are BASF SE, Dow Inc, Wanhua Chemical Group Co Ltd, Covestro AG, Huntsman Corporation, LANXESS AG, The Lubrizol Corporation, Tosoh Corporation, Mitsui Chemicals Inc, DuPont, Saint Gobain Performance Plastics Corporation, Trelleborg AB, Stepan Company, Polytek Development Corp, Argonics Inc, INOAC Corporation, The Vita Group, Kingfa Science And Technology, VCM Polyurethanes Pvt Ltd, Cellular Mouldings Ltd, Marchem

Asia-Pacific was the largest region in the polyurethane elastomers market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane elastomers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the polyurethane elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The polyurethane elastomers market consists of sales of isocyanates such as toluene diisocyanate (TDI), diphenylmethane diisocyanate (MDI) and polyols including polyester, PPG polyether. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Polyurethane Elastomers Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses polyurethane elastomers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for polyurethane elastomers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The polyurethane elastomers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Thermoplastic Elastomers; Thermosetting Elastomers
• 2) By Processing: Injection Molding; Extrusion; Blow And Compression Molding
• 3) By Application: Automotive; Construction; Packaging Industry; Furniture And Interiors; Electronics And Appliances; Other Applications
• Subsegments:
• 1) By Thermoplastic Elastomers: Styrenic Block Copolymers (SBC); Thermoplastic Polyurethanes (TPU); Thermoplastic Vulcanizates (TPV); Polyolefin Elastomers (POE)
• 2) By Thermosetting Elastomers: High-Density Polyurethane (HDPU); Reaction Injection Molded Polyurethane (RIMPU); Cast Polyurethane Elastomers; Flexible Polyurethane Elastomers
• Companies Mentioned: BASF SE; Dow Inc; Wanhua Chemical Group Co Ltd; Covestro AG; Huntsman Corporation; LANXESS AG; The Lubrizol Corporation; Tosoh Corporation; Mitsui Chemicals Inc; DuPont; Saint Gobain Performance Plastics Corporation; Trelleborg AB; Stepan Company; Polytek Development Corp; Argonics Inc; INOAC Corporation; The Vita Group; Kingfa Science And Technology; VCM Polyurethanes Pvt Ltd; Cellular Mouldings Ltd; Marchem
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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