The North American polyurethane elastomers market is expected to witness significant growth, driven by the increasing demand from various end-use industries such as automotive, construction, and footwear. The United States and Canada are major contributors to the market in this region, with the United States leading in terms of market share. The growing automotive production and increasing construction activities in the region are expected to fuel the demand for polyurethane elastomers in the coming years.
Asia Pacific:
In the Asia Pacific region, China, Japan, and South Korea are the key markets for polyurethane elastomers. China is the largest consumer and producer of polyurethane elastomers in the region, supported by the thriving manufacturing sector and rapid industrialization. Japan and South Korea are also significant markets for polyurethane elastomers, driven by the presence of a robust automotive industry and increasing investments in infrastructure development.
Europe:
In Europe, the United Kingdom, Germany, and France are the major markets for polyurethane elastomers. The automotive and construction sectors are the primary drivers of demand for polyurethane elastomers in these countries. Germany, in particular, has a strong presence in the automotive industry, which significantly contributes to the demand for polyurethane elastomers. The United Kingdom and France are also witnessing steady growth in the consumption of polyurethane elastomers, supported by infrastructure development and a growing emphasis on energy-efficient construction materials.