US Polyurethane Wheels Market Size was valued at USD 272.6 Million in 2023. The Polyurethane Wheels Market industry is projected to grow from USD 283.9 Million in 2024 to USD 388.2 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.0% during the forecast period (2024 - 2032).
An important factor influencing the market for Polyurethane Wheels in the United States is the rising demand for resilient and high-performing materials across numerous industries. An additional noteworthy catalyst for the growth of the Polyurethane Wheels market in the United States is the expanding e-commerce sector. The market for Polyurethane Wheels in the United States offers a significant opportunity propelled by the increasing focus on sustainability in various sectors.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
In March 2024, Clics, a prominent health, beauty, and wellness retail chain in South Africa, revealed the establishment of its first-ever e-commerce order processing facility in Cape Town with 2232 square meters total area and an annual capacity of 1.4 million parcels.
The increasing demand for durable and effective wheels in a variety of sectors—including material handling equipment, industrial apparatus, and automotive components—is driving the growth of polyurethane wheel production. The increasing market prevalence of Polyurethane Wheels is significantly attributable to their durability. There is a growing trend among both manufacturers and end-users to prioritize products that provide prolonged durability and demanding maintenance needs. Wheels made of polyurethane, which are renowned for their durability, toughness, and load-bearing capability, meet these criteria admirably. Technological advancements, customization, and an emphasis on eco-friendly materials are all market trends that contribute to the increasing prevalence of Polyurethane Wheels in a variety of industries. To maintain a competitive advantage and take advantage of emerging opportunities, it will be critical for businesses to remain informed about these trends as the market continues to develop.
Polyurethane Wheels are gaining traction in the logistics and distribution industry due to the exponential expansion of online retail and the rising need for streamlined material handling solutions. Significant effects of the e-commerce expansion can be observed in the expansion of the Polyurethane Wheels market. E-commerce is highly dependent on efficient and rapid material handling procedures, which encompass the utilization of conveyors, trolleys, and other wheeled equipment. Due to their exceptional load-bearing capacity, impact absorption capabilities, and durability, Polyurethane Wheels are highly suitable for the demanding conditions encountered within the e-commerce supply chain. The expansion of the e-commerce sector has a direct correlation with the demand for durable and dependable material handling equipment, which has resulted in an upsurge in the production of Polyurethane Wheels.
Based on Type, the US Polyurethane Wheels market segmentation includes PPG Polyurethane Wheels, PTMEG Polyurethane Wheels. The PPG Polyurethane Wheels segment held the majority market share in 2022 and is expected to grow at a significant growth rate. Polyurethane Wheels, specifically those manufactured utilizing PPG (Polyol) as a principal constituent, are of considerable importance across diverse sectors owing to their remarkable characteristics including longevity, capacity to bear loads, and resistance to attrition. The continuous growth of global industries, specifically in the material handling, logistics, and manufacturing sectors, is a significant factor in the increasing need for Polyurethane Wheels. PPG Polyurethane Wheels are gaining popularity in industrial environments that prioritize performance and dependability due to their durable properties.
Figure 1: US Polyurethane Wheels Market, by Type, 2022 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The US Polyurethane Wheels market segmentation, based on application, includes Medical Using, Supermarket Using, Industrial Using, Others. The Industrial Using segment dominated the market in 2022 and is expected to continue dominating the market during the forecast period 2023-2030. The continuous proliferation of industrial automation and the imperative for streamlined material management in manufacturing and distribution establishments are substantial factors driving the market demand for high-performance Polyurethane Wheels. The efficient operation of conveyor systems and other industrial apparatus is dependent upon these wheels. Ensuring workplace safety is of the utmost importance in industrial environments. Polyurethane Wheels, which are renowned for their robustness and capacity to support loads, are of paramount importance in augmenting the security of material handling apparatus by mitigating the likelihood of accidents and interruptions in industrial operations.
The markets for polyurethane wheels in the United States are dynamic and highly competitive as a result of the rising demand in a variety of industries. Principal market participants consist of industry titans, including Stellana, Trew Wheels, and Blickle, among others. These businesses have positioned themselves as frontrunners in their respective industries through the provision of an extensive selection of premium polyurethane wheels that are tailored to the particular requirements of clients in the material handling, automotive, and industrial sectors. There is intensive competition in the market, with firms concentrating on products.
Companies strive to obtain a competitive edge in a market characterised by intense competition by concentrating on product innovation, research and development, and strategic partnerships. In response to evolving consumer demands for high-performance, wear-resistant, and long-lasting polyurethane wheels, manufacturers are allocating resources towards the development of cutting-edge materials and technologies. Furthermore, stringent quality standards, environmental regulations, and the demand for cost-effective solutions all exert an influence on the market.
In November 2023, Stellana has recently unveiled its newly constructed 10,000-square-meter production facility in Qingdao, China, marking the occasion with a grand inauguration. The achievement of this goal signifies a noteworthy milestone, as the facility has commenced full operation, augmenting our manufacturing capabilities in China, and improving our capacity to fulfil the increasing number of orders. This advancement guarantees a consistent and accelerated delivery procedure, serving as evidence of our steadfast dedication to delivering an exceptional experience to our clientele.
The new product is expected to successfully fly upon Recital NV/SA in June 2023 after launch and contains 25% biocircular raw materials. The required insulation boards with the stated bio-circular content will help to reduce the CO2 emissions by 43%.
For instance, in June 2023, the former president of the automotive category, who is an active member of the BoD, announced the opening of a new warehousing facility for the company in Austria. From this unit, the company will be providing accessories and service parts to more than 300 dealers located in the region. Of the features offered by this facility, which happens to be the most enticing is that it has been carbon neutral from the start, thus giving the firm one step toward the carbon vision.
Beginning in March 2023, DIC Corporation has released the new HYDRAN GP Series Waterborne Polyurethane Resins that are eco-friendly waterborne and reduce dependency on petrochemical based polyurethane resins.
In May 2023, Covestro AG opened the newest work line and presented the Desmopan® UP series of thermoplastic polyurethanes (TPU) for the manufacture of paint protective film for wind and automotive industries.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 272.6 Million |
| Market Size 2024 | USD 283.9 Million |
| Market Size 2032 | USD 388.2 Million |
| Compound Annual Growth Rate (CAGR) | 4.0% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application |
| Geographies Covered | US |
| Countries Covered | US |
| Key Companies Profiled | Trew Industrial Wheels, Superior Tire & Rubber Corp, RWM Casters, Albion Casters, Uremet, Exotic Automation & Supply, Maclan Corporation, American Vulko Tread Corporation, Thombert, Sunray Inc, Molded Dimensions Group, Stellana, Millennium Tire |
| Key Market Opportunities | Increasing Focus on Sustainability in Various Sectors Upward Trend in Industrial Automation |
| Key Market Dynamics | Rising Demand for Resilient and High-Performing Materials Across Numerous IndustriesExpanding E-commerce Sector |
Frequently Asked Questions (FAQ) :
The US Polyurethane Wheels Market size is expected to be USD 388.2 Million in 2032.
The US Polyurethane Wheels Market size was valued at USD 272.6 Million in 2023.
The US market is projected to grow at a CAGR of 4.0% during the forecast period, 2024-2032.
The key players in the market are Trew Industrial Wheels, Superior Tire & Rubber Corp, RWM Casters, Albion Casters, Uremet, Exotic Automation & Supply, Maclan Corporation, American Vulko Tread Corporation, Thombert, Sunray Inc, Molded Dimensions Group, Stellana, Millennium Tire.
The PPG Polyurethane Wheels segment dominated the US Polyurethane Wheels market in 2022.
Industrial Using segment had the largest revenue share of the US Polyurethane Wheels market in 2022.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
