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US Thermoplastic Polyurethane (TPU) Market Size, Growth Future Forecast And Country Analysis by 2028 | Eminent Players: Lubrizol, BASF, Huntsman, Covestro, Wanhua, and others

05-28-2020 11:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

US Thermoplastic Polyurethane (TPU) Market

US Thermoplastic Polyurethane (TPU) Market

US Thermoplastic Polyurethane (TPU) Market was estimated at USD 679.23 million in 2020 and is projected to reach USD 1,095.80 million by 2028 at a CAGR of 5.5% between 2020 and 2028. Key factors driving the demand of the TPU market in the US incorporate increasing demand for 3D printing applications and growing market demand in medical devices over conventional materials.

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Thermoplastic polyurethane is a kind of advanced plastic polyurethane with elasticity, transparency, grease, abrasion and resistance against oil. Compositionally, thermoplastic polyurethane consists of an alternating series between hard and soft segments with the reaction of diisocyanate with diols and diisocyanate with long-chain diols.
US thermoplastic polyurethane (TPU) market can be classified as per the raw material, type and end use. In terms of raw materials the market is bifurcated into Diisocyanate, Polyols, Diols. Diisocyante being one of the key materials dominated the market with a percentage share of 49% in 2019 by value in the US market.

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By competitive scenario, the US TPU market is dominated by companies including Lubrizol, BASF, Huntsman, Covestro, Wanhua, and others. The market demand is catered by production in North America and China. However, recent trade implications with China are expected to have a major impact on the supply capacity in the US market. Their strategies to consolidate their shares or positions, and their insight into brand positioning strategies for key traction players are studied here. The analysis in the report looks at the investment patterns of leading players more closely.

Key Developments
o In January, 2020, Lubrizol launched new thermoplastic polyurethane (TPU) ESTANE 3D TPU M95A, which is the only TPU, certified for HP's Multi Jet Fusion 4200 series 3D printing solution. The release of ESTANE® 3D TPU M95A will allow Lubrizol's customers to effectively target a variety of commercial TPU applications with an advanced additive manufacturing technology. Applications for the new material include footwear and prostheses (lightweight performance through lattice structures, optimized for cushioning applications), wearables (skin contact certification pending), seals (oil resistance) and a wide variety of industrial applications.

o In October, 2019, Wanhua Chemical launched high-quality and highly flexible 3D printing materials which include WANFAB® TPU Filament, WANFAB® TPU Powder, WANFAB® Waterborne Coating and Adwel® Waterborne Adhesive for the 3D Printed Shoe-Material Solution. This development will help Wanhua to acquire a greater market share in 3D printing material market, globally.

o In September, 2019, Huntsman Corporation has opened a new Polyurethanes Systems House in dubai. The facility will manufacture polyurethane foams for construction, insulation, appliances, bedding, and furniture applications. It will also produce systems for the footwear industry and prepolymers for coatings, adhesives, sealants and elastomers applications. The expansion will help to strengthen Huntsman's downstream capabilities in the Middle East and North Africa while increasing its capacity to produce polyurethane systems and polyester polyols for customers across the region.

Market Segments




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Key Questions Answered By This Report

o How is the US thermoplastic polyurethane (TPU) market evolving?
o What is driving and restraining US thermoplastic polyurethane (TPU) market dynamics?
o How will each US thermoplastic polyurethane (TPU) market submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
o How will market shares of each US thermoplastic polyurethane (TPU) market submarket develop from 2020-2028?
o Which US thermoplastic polyurethane (TPU) market submarket will be the main driver of the overall market from 2020-2028?
o Who are the leading players and what are their prospects over the forecast period?
o How will the sector evolve as alliances form during the period between 2020 and 2028?

Reasons to buy this report:

o Market size estimation of US thermoplastic polyurethane (TPU) market on a country basis
o The unique research design for market size estimation and forecasts
o Profiling of the major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144

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