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Thermoplastic Polyurethane Market Report
Thermoplastic Polyurethane Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2025.
The Thermoplastic Polyurethane Market is Segmented by Raw Material Type (Diisocyante, Polyols, and Diols), by Type (Polyester, Polyether, and Polycaprolactone), by End-Use Industry Type (Footwear, Engineering, Building & Construction, Automotive, Hose & Tubing, Wires & Cables, and Medical), and by Region ...
Thermoplastic polyurethane market is likely to witness an impressive CAGR of 8.2% during the forecast period. The market has witnessed modest growth in the current years which is anticipated to continue during the forecast period as well. Thermoplastic polyurethane bears properties, such as remarkable abrasion resistance, outstanding low temperature suppleness, and high oil resistance, owing to which it is used in various end-use industries, such as medical, automotive, wires & cables, hose & tubing, engineering, building & construction, and footwear.
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Thermoplastic Polyurethane Market - Snapshot |
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Growth |
8.2% for the next five years |
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Major Type |
Polyester |
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Dominant End-Use Industry Type |
Footwear |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
American Polyfilm Inc., BASF Polyurethanes GmbH (BASF SE), Covestro AG, Hexpol AB, Huntsman Corporation, Kuraray Co. Ltd., The Lubrizol Corporation, Polyone Corporation, Wanhua Chemical Group Co. Ltd., and Headway Polyurethane Co. Ltd. |
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Based on the type, the market is segmented as polyester, polyether, and polycaprolactone. The polyester type segment had a considerable share in the market in 2018, owing to its extensive use in various end-use industries, such as building & construction, automotive, engineering, among others. The polycaprolactone segment is estimated to register the highest growth in the coming five years. The growth is attributed to its extensive application in various end-use industries.
Based on the end-use industry type, the market is segmented as footwear, engineering, building & construction, automotive, hose & tubing, wires & cables, and medical. The footwear segment led the market in 2018 in terms of volume, which was subsequently followed by the wires & cables, and the engineering segments. Further, the medical end-use industry segment is estimated to depict the highest growth during the forecast period.
In terms of regions, Asia-Pacific is expected to dominate the thermoplastic polyurethane market in the coming five years, in terms of both value and volume. It is also estimated to depict the highest growth during the forecast period. China and India are the growth engines of the region. The market is driven by the growing demand for thermoplastic polyurethane in various end-use industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Thermoplastic Polyurethane is a polyurethane plastic form that has some of the common properties such as they are melt-processable and elastic in nature. Later on, it is processed through different options such as compression molding and injection for manufacturing end products such as footwear, wires and cables, and others.
Thermoplastic Polyurethane are known for a number of properties like transparency, elasticity, and resistance to abrasion, grease, and oil. They are widely used in some of the common industries such as engineering, automotive, medical, footwear, wires and cables, building & construction, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Thermoplastic Polyurethane Market Research Report - Features |
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Market Segmentation |
4 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The thermoplastic polyurethane market is segmented into the following categories.
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Some of the major players in the thermoplastic polyurethane market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
American Polyfilm, Inc., BASF Polyurethanes GmbH (BASF SE), Covestro AG, Hexpol AB, Huntsman Corporation, Kuraray Co., Ltd., The Lubrizol Corporation, Polyone Corporation, Wanhua Chemical Group Co., Ltd., and Headway Polyurethane Co. Ltd are among the key players in the thermoplastic polyurethane market.
The thermoplastic polyurethane market is expected to witness an impressive growth of 8.2% CAGR in the foreseeable future.
Asia-pacific is expected to dominate the thermoplastic polyurethane market in the coming five years.
The medical end-use industry is expected to depict the highest growth in the thermoplastic polyurethane market during the forecast period.
The polycaprolactone segment is expected to register the highest growth in the thermoplastic polyurethane market in the coming years.
Chine and India are the growth engines of the Asia-pacific thermoplastic polyurethane market.
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