The global demand for Millable Polyurethane Rubber Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Millable Polyurethane Rubber is a millable gum with superior processing benefits that can be compounded using conventional rubber manufacturing techniques and equipment to produce finished products. This elastomer exhibits high resistance to abrasion and ozone and high tensile strength. The most common application of MPU is a shock absorber in footwears. It is also widely used in the production of conveyor belts for mining and transport, rollers, and drive belts for industrial machines. MPU is the preferred choice for many industrial rubber applications in military, aerospace, electronics, automotive parts, and industrial tires. It plays a vital role in critical applications like non-implantable medical devices.
The growing need to handle large volumes of goods in the commercial and industrial sectors will be the main driver for the growth of the MPU market. The tremendous growth in the footwear sector due to rapid urbanization and high disposable income along with widespread use of e-commerce will augment the growth of this market. The broad spectrum of resilient features offered by MPU will make it a much-preferred choice for many applications involving rubber. The use of MPU in the hospitality sector will be a market booster. The COVID-19 lockdown will have minimal impact on this market except for reduced production. The main factor hampering the growth of the MPU market is the availability of other low-cost rubbers.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of millable polyurethane rubber.
The entire millable polyurethane rubber market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Rollers & Belting
- Aerospace & Defense
This section covers regional segmentation which accentuates on current and future demand for millable polyurethane rubber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Millable Polyurethane Rubber Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the millable polyurethane rubber market include TSE Industries, Inc., Swastik Group of Companies, LANXESS. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.