Asia-Pacific Thermoplastic Polyurethane Market Overview, Trends And Growth Opportunities Forecasted Till 2025

The major factors driving the growth of this market are growing demand of thermoplastic polyurethane in automotive sector, scope of TPU innovation in footwear sector, growing application in medical sector. The thermoplastic polyurethane market in the Asia-Pacific region is leading in China.

Asia-Pacific Thermoplastic Polyurethane Market is expected to reach 1,434.75 thousand tonnes by 2025 from 824.72 thousand tonnes in 2017, at a CAGR of 7.3% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Key Points: Asia-Pacific Thermoplastic Polyurethane Market

Wanhua Chemical Group Co., Ltd. is going to dominate the Asia-Pacific Thermoplastic Polyurethane market following with Covestro AG and Kuraray Co. Ltd.
Polyester is expected to dominate the APAC thermoplastic polyurethane market.

The thermoplastic polyurethane market in the Asia-Pacific region is leading in Japan, China, India and South Korea. China accounts for the highest market share in this region.

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Market Segmentation: Asia-Pacific Thermoplastic Polyurethane Market

The Asia-Pacific 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 APAC thermoplastic polyurethane market is segmented into Polyester, Polyether, Polycaprolactone. Asia-Pacific thermoplastic polyurethane market is dominated by polyester with 58.2% market share in 2018, growing at a CAGR of 7.3% in the forecast period.

The Asia-Pacific thermoplastic polyurethane market is segmented based on raw material into Diisocyante, Polyols, Diols. The Diisocyante market segment is expected to dominate the market. APAC thermoplastic polyurethane market is dominated by diisocyante with 51.4% market share in 2018, growing at a CAGR of 8.0% in the forecast period.

On the basis of end users, the APAC 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. Hose and tubing is further sub segmented into hoses, organic waste pipes and pneumatic and brake tube. Building and construction is further sub segmented into roofing membranes and cured in place pipe. Wires and cables is further sub segmented into telecommunication, transportation and mining. Medical is further sub-segmented into catheters, medical device housing and wound care products. The Footwear market segment is expected to dominate the market.

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