• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
The Thermoplastic Polyurethanes (TPU) market is expected to gain its size between 2019 and 2026 and projected to reach XXXX USD by 2026 with a CAGR of XXXX%. Global economic development, government regulations adjustment, related industrial dynamics, industry upgrading, and competition among market’s participators are some of the associated factors that influencing the Thermoplastic Polyurethanes (TPU) market development. Distinctive and comprehensive picture of Thermoplastic Polyurethanes (TPU) is embodied in the report.
Thermoplastic Polyurethanes (TPU) are a class of polyurethane that possess properties of both plastics and elastomers. They are colorless translucent materials that have high shear strength. They possess high abrasion resistance and have excellent impact strength even at low temperatures. They exhibit elastic properties that span across their complete range of hardness. TPU finds applications as a substitute for PVC and rubber in a variety of applications.
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Market Driver and Constraint
The Thermoplastic Polyurethanes (TPU) market growth is mainly attributed to the replacement of conventional materials by thermoplastic polyurethane in applications demanding high dimensional stability and increased abrasion resistance. Moreover, the further development of urbanization and modernization, the growing construction activities, and surging demand for Thermoplastic Polyurethanes (TPU) from various end-use industries.
Region-wise Analysis
The Asia Pacific is currently dominating the Thermoplastic Polyurethanes (TPU) market. This is mainly attributed to the presence of manufactures for Thermoplastic Polyurethanes (TPU) in the Asia Pacific, the increasing demand for Thermoplastic Polyurethanes (TPU) from the emerging countries such as China and India, the rising demand for automobiles and construction of buildings in the region, and growing end-use industries such as footwear, engineering, automotive, and building & construction in major countries. China is the largest market of Thermoplastic Polyurethanes (TPU) market in this region.
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Competition Analysis
The key market players that are involved in the Thermoplastic Polyurethanes (TPU) market include American Polyfilm, Inc., Austin Novel Materials, Bailey Parks Urethane Inc., BASF, Covestro – Bayer Material Science, COIM, Dow Polyurethane, Ding-Zing Advanced Materials Inc., Hexpol Rubber Compounding, Huafon Group, Huntsman, Kuraray Co., Ltd., Lubrizol Corp., Miracll Chemical Co. Ltd., Polyone Corp., Sumei Chemical, Walton Plastics, and Wanhua Chemical Group Co. Ltd.
Worldwide Thermoplastic Polyurethanes (TPU) Market Based on Type
Polyester, Polyether, and Polycaprolactone.
Polyester segment holds the major market share in 2018. Polyester-based thermoplastic polyurethane (TPU) possesses stronger cut and tear resistance combined with better oil and heat resistance properties than polyether-based thermoplastic polyurethane (TPU). In addition, cost of polyester-based thermoplastic polyurethane (TPU) is lower in comparison to polyether-based thermoplastic polyurethane (TPU). All these factors are expected to drive the growth of the polyester type segment of the thermoplastic polyurethane (TPU) market.
Worldwide Thermoplastic Polyurethanes (TPU) Market Based on Application
Construction, Automobile, Footwear, Medical, Heavy Engineering, and Others.
Footwear segment occupied the largest market share and it is greatly influenced by consumer trends and fashion. Rising demand for fancy and trendy comfortable footwear among all age groups is a key factor driving the growth of the footwear industry across the globe, which, in turn, is driving the thermoplastic polyurethane (TPU) market. Medical segment is anticipated to grow at the highest rate during the predicted years.
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Target Audience:
• Thermoplastic Polyurethanes (TPU) manufacturers
• Raw material suppliers of Thermoplastic Polyurethanes (TPU)
• Distributors and resellers of Thermoplastic Polyurethanes (TPU)
• Thermoplastic Polyurethanes (TPU) industry associations
• Product managers, Thermoplastic Polyurethanes (TPU) industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Healthcare organizations
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