Thermoplastic Polyurethane (TPU) - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Thermoplastic Polyurethane (TPU) market is accounted for $361.8 million in 2018 and is expected to reach $670.77 million by 2027 growing at a CAGR of 7.1% during the forecast period. Some of the key factors propelling the market growth are increasing demand for TPU in automotive and medical industries and substitute of conventional materials by TPU. However, huge costs involved is the restraining factor for the growth of the market.
Thermoplastic polyurethane refers to a highly versatile elastomer that comes with distinctive characteristics that offer flexibility in processing and superior performance as well. Thermoplastic polyurethane is measured an ideal polymer for use across a wide variety of applications in several end use segments, including specialty molded parts, film and sheet, footwear, adhesives, wire and cable, and compounding. Thermoplastic polyurethane refers to an unusual type of plastic that bridges the gap among plastics and rubbers. The key to the versatility of thermoplastic polyurethane lies in its highly customized hardness. Thermoplastic polyurethane can be as rigid as hard plastics or as soft a rubber. It can be either colored or transparent.
By product type, polyester segment is expected to grow at the significant market share during the forecast period owing to its inherent toughness, good flexibility over a wide temperature range and very good abrasion resistance properties. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to increasing demand for high-performance materials and growing end-use industries have led to innovation and development, making APAC an essential industrial hub, globally. High growth and innovation, along with industry consolidations, are expected to lead to the rapid growth of the market in the region.
Some of the key players in Thermoplastic Polyurethane (TPU) Market include BASF, Americal Polyfilm, Coim, Covestro, Epaflex, Hexpol AB, Huntsman, Kuraray, Lubrizol, Mitsui Chemicals, Novotex, Polyone, Sanyo Corporation, Songwon, Statex, Taiwan Pu Corporation and Wanhua
Raw Materials Covered:
Product Types Covered:
• Aromatic TPU
• Aliphatic TPU
• Paints and Coatings
• Injection Molded Products
• Extruded Products
• Adhesives and Sealants
• TPU Pipe
• TPU Film
End Users Covered:
• Industrial Machiery
• Consumer Goods
• Building & Construction
• Heavy Engineering
• Hose and Tubing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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