Thermoplastic Polyurethane Market By Raw Material Type, Type, Application, End User and Global Forecast to 2025
Global Thermoplastic Polyurethane Market is expected to reach 2,607.35 thousand tonnes by 2025 from 1,630.00 thousand tonnes in 2017, at a CAGR of 6.2% in the forecast period 2018 to 2025.
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Different factors such as expanding episodes of immune system issue, expanding government assistance, enhancing administrative structure, expanding computerization of research centers and rising subsidizing and repayment are persistently adding to the development of the Global Thermoplastic Polyurethane Market
Major Market Competitors:
The key market players for Global Thermoplastic polyurethanes Market are listed below:
• Covestro AG
• Huntsman International LLC
• BASF SE
• American Polyfilm, Inc.
• API (Trinseo)
• Hexpol AB
• Kuraray Co. Ltd
• The Lubrizol Corporation
• Wanhua Chemical Group Co., Ltd.
• Coim Group
• Headway Group
• Miracll Chemicals Co., Ltd
Market Definition: Global Paints and Coatings Market
Paints & coatings helps to prevent corrosion of the material. Generally, for short period of 1-5 years single packs materials such as emulsions, alkyds, acrylics are used, for the period of 5-10 years two component materials such as polyurethanes, zinc-rich primers, epoxies, glass flakes and FRP(Fiberglass Reinforced Plastics). High tech coatings consist of cationic electrocoating materials that cover all the complex metals part from corrosion.Key Drivers: Global Thermoplastic Polyurethane Market
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Key Drivers: Global Thermoplastic Polyurethane Market
Some of the major factors driving the market for global thermoplastic polyurethane market are growing demand of thermoplastic polyurethane in automotive sector, scope of TPU innovation in footwear sector, growing application in medical sector.
Unstable raw material prices may hinder the market growth Many companies are increasingly focusing on technological advancement of thermoplastic polyurethane in order to strengthen their product portfolios in the thermoplastic polyurethane market.
The market is further segmented into:
• Product type
• Raw Material
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.
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. Automotive is further sub segmented into interior body parts and exterior body parts.
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