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Thermoplastic Polyurethane Market by Top Competitors Analysis (American Polyfilm Inc., Basf SE, Covestro AG, API (Trinseo), Hexpol AB, Huntsman International Llc., Kuraray Co. Ltd, The Lubrizol Corporation, Polyone, Wanhua Chemical Group Co. Ltd., Coim Gr
Thermoplastic Polyurethane Market
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Global Thermoplastic Polyurethane Market, By Raw Material Type (Diisocyante, Polyols, Diols), By Type (Polyester, Polyether, Polycaprolactone) By Application (Extruded, Injection Molded, Paints and Coatings, Adhesives and Sealants) By End User (Automotive, Footwear, Engineering, Building & Construction, Wires & Cables, Hose & Tubing, Medical) – Industry Trends and Forecast to 2025
Recent Development:
Today’s polyurethanes have been expressed to provide good biocompatibility, flexural endurance, high strength, high abrasion resistance and processing versatility over a wide range of applications. These qualities are important in supporting new applications continually being found by medical device manufacturers including artificial hearts, catheter tubing, feeding tubes, surgical drains, intra-aortic balloon pumps, dialysis devices, non-allergenic gloves, medical garments, hospital bedding, wound dressings and more. All the above factors are the reason for the high growth of TPU in medical industry and due to which the demand for TPU will increase and will drive the market in future.
Major Market Competitors:
The key market players for Global Thermoplastic polyurethanes are listed below:
• Covestro AG
• Huntsman International LLC
• BASF SE
• American Polyfilm, Inc.
• API (Trinseo)
• Hexpol AB
• Kuraray Co. Ltd
• Ensinger
• The Lubrizol Corporation
• Polyone
• Wanhua Chemical Group Co., Ltd.
• Coim Group
• Headway Group
• Miracll Chemicals Co., Ltd
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The global thermoplastic polyurethane market is segmented on the basis of product type, raw material end-user and geography. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
On the basis of product type, the global thermoplastic polyurethane market is segmented into Polyester, Polyether, Polycaprolactone. Global thermoplastic polyurethane market is dominated by polyester with 59.9% market share in 2018, growing at a CAGR of 6.2% in the forecast period.
The global thermoplastic polyurethane market is segmented based on raw material into Diisocyante, Polyols, Diols. The Diisocyante market segment is expected to dominate the market. Global thermoplastic polyurethane market is dominated by diisocyante with 53.0% market share in 2018, growing at a CAGR of 6.8% in the forecast period.
On the basis of end users, the global thermoplastic polyurethane market is classified into footwear, engineering, automotive, hose and tubing, building and construction, wires and cables and medical. Among these, in 2018 footwear segment dominated the market and the trend is expected to remain the same till 2025. Footwear is further sub segmented into shoes & soles and slippers. Engineering is further sub segmented into electronic devices and machinery parts.
Key Points: Global Thermoplastic Polyurethane Market
• Covestro AGis going to dominate the global thermoplastic polyurethane market following with Huntsman International LLC and BASF SE. Some of the major players operating in this market are American Polyfilm, Inc., API (Trinseo), Hexpol AB, Kuraray Co. Ltd, The Lubrizol Corporation, Polyone, Wanhua Chemical Group Co., Ltd., Coim Group, Headway Group, Miracll Chemicals Co., Ltd among others.
• The global thermoplastic Polyurethane market is expected to reach 35 thousand tonnes by 2025 from USD 1,630.00 million in 2017, at a CAGR of 6.2% in the forecast period 2018 to 2025.
• The footwear is expected to dominate the thermoplastic polyurethane market with 33.1% market share, growing at a CAGR 7.1% in the forecast period 2018 to 2025.
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