Thermoplastic Polyurethane (TPU) Market Growing Massively by 2021-2026 Major Players: API, AMERICAN POLYFILM, INC., Bailey-Parks Urethane, BASF SE, Covestro AG, Coim Group

The report presents an in-depth assessment of the Thermoplastic Polyurethane (TPU) Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Thermoplastic Polyurethane (TPU) from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The global thermoplastic polyurethane market is estimated to witness a healthy growth, at an estimated CAGR of over 3.5%, over the forecast period. 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Thermoplastic Polyurethane (TPU) Market: API, AMERICAN POLYFILM, INC., Bailey-Parks Urethane, BASF SE, Covestro AG, Coim Group, DingZing Advanced Materials Inc., huafeng group, Huntsman International LLC, Mitsui Chemicals Inc., Schweitzer-Mauduit International Inc, Sumei Chemical Co. Ltd, Suzhou Austin Novel Materials Co. Ltd, The Lubrizol Corporation, Tosoh Corporation, Wanhua Chemical Group Co.,Ltd. and others.

Regional Analysis For Thermoplastic Polyurethane (TPU) Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Increasing Demand from Adhesives and Sealants
- TPU-based adhesives and sealants find a wide range of applications in different industries, which benefit from their broad combination of properties. Flexible sealing temperature and adhesion to various substrates make these adhesives suitable for usage in several end-user industries, such as transportation, furniture, textile, and footwear.
- TPU adhesives offer certain characteristics, such as good hot green strength and an excellent final bond, which have increased their applications in the automotive industry for automotive interior parts, such as door panel, instrument panel, attachment clip, and bonding of components. Heat sealable fabrics, such as soft trim and foam lamination, are the application segments of TPU-based adhesives in the automotive industry.
- In the furniture industry, TPU-based adhesives are widely used in the lamination of plastic films onto kitchen or bathroom furniture application, as TPU adhesives provide good bonding to wood and plastics, like PVC.
- TPU-based hot melt adhesives are widely used in the textile industry to make heat sealable fabrics, which are obtained by coating processes, such as scattering or dot coating (powder or paste).
- Additionally, TPU hot melt adhesives also find application in the footwear industry, for shoe joining purposes. A major demand for TPU adhesives in the footwear segment is observed from countries, such as Thailand, China, and India.
- Owing to all the aforementioned factors, the market for thermoplastic polyurethane is likely to grow during the forecast period.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Thermoplastic Polyurethane (TPU) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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