Urethane Rubber Market Size, Share & Industry Analysis, By Type (Self Release Urethane Rubber, Not-self-release Urethane Rubbers, Waterproof Urethane Rubber, No-linear-shrinkage Urethane Rubbers, Others), By Application (Cement, Gypsum, Waxes, Ceramic, Pastes, Others) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103727 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Urethane rubber is a strong and flexible rubber. The purpose of producing this rubber is to outperform natural & synthetic rubbers as well as many metals. The urethane rubber is available in different types such as self-release, not-self-release, waterproof, and no-linear-shrinkage. It has urethane and polyether blocks which enhance elasticity, bolstered strength, and improve heat resistance. Furthermore, the urethane rubber is resistant to radiation, abrasion impacts, ozone & oxygen attacks, and chemicals. It also has superior sound dampening property, which makes it preferred choice over traditional rubbers and plastics. These properties surge its demand in cement, gypsum, waxes, ceramic, and pastes applications.

The rising demand for urethane rubber over metals will surge the product demand. The urethane rubber is a very tough elastomer, due to which it replaces metals in certain applications. The high load-bearing capacity in the compression, tension, and shear allows urethane rubber to produce thinner, longer-lasting, and lighter components. Also, the machinability of hard urethane components is comparable to plastics and metals. The urethane also offers inherent tear & tensile strength and abrasion resistance. It is also cost-effective and easy to use. Hence, rising demand for urethane rubber over metals will fuel the market growth.

However, the urethane rubber is sensitive to moisture, and may bubble if exposed to too much moisture, which can also impact the shelf life of urethane rubber. Hence, this reduces the adoption of the product and anticipated to restrict market growth.

Key Market Driver -

Rising use of urethane over metals to drive the market growth

Key Market Restraint -

Moisture sensitivity of urethane rubber to restrict the market growth

Market Segmentation:

Based on type, the urethane rubber market is segmented into self release urethane rubber, not-self-release urethane rubbers, waterproof urethane rubber, no-linear-shrinkage urethane rubbers, and others. Based on application, the market is segmented into cement, gypsum, waxes, ceramic, pastes, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the urethane rubber market includes Smooth-On, Inc., Polytek® Development Corp, Bentley Advanced Materials, Reynolds Advanced Materials, Taiwan PU Corporation, Rahco Rubber, Inc., Expressions-LTD, U.S. Composites, Inc., Raw Material Suppliers, MISUMI Corporation, TAP Plastics, and Frank Lowe.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness sustainable growth in the urethane market during the forecast period. The growth is attributed to the rising product demand in the cement application. Further, the rising adoption of the product over metals will also fuel the market growth in this region. The rising demand for urethane rubber in the application of the ceramic will fuel the market growth in Europe, in which UK and Germany are the leading countries. In North America, the growth is due to rising demand for self-release and waterproof urethane rubber in the gypsum application. The Middle East & Africa is anticipated to witness significant growth, owing to the rising product adoption in the waxes and pastes.

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Segmentation

ATTRIBUTE	DETAILS
By Type	Self Release Urethane Rubber Not-self-release Urethane Rubbers Waterproof Urethane Rubber No-linear-shrinkage Urethane Rubbers Others
By Application	Cement Gypsum Waxes Ceramic Pastes Others
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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