| Product Code: ETC13013857 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, the Philippines saw a shift in the import landscape for polyurethane elastomers, with top exporters including Japan, Malaysia, China, South Korea, and Singapore. The market experienced a decrease in concentration levels, moving from moderate to low concentration, indicating a more diversified import market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained strong at 7.95%, highlighting sustained demand for polyurethane elastomers in the Philippines.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Polyurethane Elastomers Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Polyurethane Elastomers Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Polyurethane Elastomers Market - Industry Life Cycle |
3.4 Philippines Polyurethane Elastomers Market - Porter's Five Forces |
3.5 Philippines Polyurethane Elastomers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Polyurethane Elastomers Market Revenues & Volume Share, By Processing Technology, 2021 & 2031F |
3.7 Philippines Polyurethane Elastomers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Polyurethane Elastomers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from end-use industries such as automotive, construction, and footwear |
4.2.2 Growing awareness about the benefits of polyurethane elastomers over traditional materials |
4.2.3 Government initiatives promoting the use of sustainable and high-performance materials in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Lack of skilled labor for the manufacturing and processing of polyurethane elastomers |
4.3.3 Competition from substitute materials in certain applications |
5 Philippines Polyurethane Elastomers Market Trends |
6 Philippines Polyurethane Elastomers Market, By Types |
6.1 Philippines Polyurethane Elastomers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Polyurethane Elastomers Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Polyurethane Elastomers Market Revenues & Volume, By Thermoset, 2021 - 2031F |
6.1.4 Philippines Polyurethane Elastomers Market Revenues & Volume, By Thermoplastic, 2021 - 2031F |
6.1.5 Philippines Polyurethane Elastomers Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.1.6 Philippines Polyurethane Elastomers Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Philippines Polyurethane Elastomers Market, By Processing Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Polyurethane Elastomers Market Revenues & Volume, By Injection Molding, 2021 - 2031F |
6.2.3 Philippines Polyurethane Elastomers Market Revenues & Volume, By Cast Molding, 2021 - 2031F |
6.2.4 Philippines Polyurethane Elastomers Market Revenues & Volume, By Extrusion, 2021 - 2031F |
6.2.5 Philippines Polyurethane Elastomers Market Revenues & Volume, By Compression Molding, 2021 - 2031F |
6.3 Philippines Polyurethane Elastomers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Polyurethane Elastomers Market Revenues & Volume, By Seals and Gaskets, 2021 - 2031F |
6.3.3 Philippines Polyurethane Elastomers Market Revenues & Volume, By Wheels and Tires, 2021 - 2031F |
6.3.4 Philippines Polyurethane Elastomers Market Revenues & Volume, By Vibration Dampeners, 2021 - 2031F |
6.3.5 Philippines Polyurethane Elastomers Market Revenues & Volume, By Industrial Components, 2021 - 2031F |
7 Philippines Polyurethane Elastomers Market Import-Export Trade Statistics |
7.1 Philippines Polyurethane Elastomers Market Export to Major Countries |
7.2 Philippines Polyurethane Elastomers Market Imports from Major Countries |
8 Philippines Polyurethane Elastomers Market Key Performance Indicators |
8.1 Research and development investment in innovative polyurethane elastomer formulations |
8.2 Adoption rate of polyurethane elastomers in new applications |
8.3 Number of partnerships and collaborations for technology transfer and market expansion |
9 Philippines Polyurethane Elastomers Market - Opportunity Assessment |
9.1 Philippines Polyurethane Elastomers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Polyurethane Elastomers Market Opportunity Assessment, By Processing Technology, 2021 & 2031F |
9.3 Philippines Polyurethane Elastomers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Polyurethane Elastomers Market - Competitive Landscape |
10.1 Philippines Polyurethane Elastomers Market Revenue Share, By Companies, 2024 |
10.2 Philippines Polyurethane Elastomers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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