Press release
Global Demand For Various Resins Used In Manufacturing Has Increased The Growth Of TPU Elastomers Market
The study on the Global TPU Elastomers Market Insights published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of TPU Elastomers Market Insights in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the TPU Elastomers Market Insights during the forecast period (2021-2031).To Get In-depth Information View Full Report – https://www.factmr.com/report/3445/tpu-elastomers-market
The report examines the current trends, growth opportunities, restraints, and market drivers that are projected to influence the overall dynamics of the TPU Elastomers Market Insights in the assessment period.
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TPU Elastomers Market Insights Segmentation
By Region
North America
Europe
East Asia
South Asia
Latin America
Oceani
Middle East & Africa
TPU Elastomers Market – Competitive Landscape
In January 2019, Lubrizol International, Inc. – a U.S.-based specialty chemical company – announced that it has acquired the TPU business from The Dow Chemical Company, one of the leading chemical companies based in the U.S. The company declared that the acquisition is mainly aimed at leveraging Dow's strong TPU brand recognition in the U.S. to expand its global footprint and consolidate a strong position in the TPU elastomers market. The acquisition also could help Lubrizol to diversify its product portfolio at provide access to new industrial end-uses, such as medical devices, for its TPU elastomers business.
In November 2018, Wanhua Chemical Group Co. Ltd – a leading supplier of TPU elastomers – launched its new TPU adhesive and polyether TPU products suitable for equipment used in the firefighting industry. The company announced that the fast crystallization rate and excellent heat resistance of the company’s new TPU adhesives, and hydrolytic stability and good environmental adaptability of polyether TPU products for fire hose liner can improve the quality of various fire-fighting equipment significantly.
In October 2018, Covestro AG – a German stakeholder in the TPU elastomers market – announced that it has developed new TPU elastomer products, under the name cardyon™, based on carbon dioxide (CO2) technology. The new series of TPU products contains polyether carbonate polyols and has a high tensile strength 36 megapascals. The company announced that its new TPU products leave a lower carbon footprint as compared to their conventional counterparts and can be used in various industrial applications, including textiles, footwear, and petrochemical industrial applications.
In May 2018, Huntsman Corporation – an American multinational manufacturer of specialty chemicals – it will soon invest in a new polyurethanes systems house in Dubai. The company announced that the new facility will strengthen the company’s position in the TPU elastomers market in the Middle East. This will also enable the company to capitalize on increasing applications of TPU elastomers in the fast-growing footwear markets.
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What is a Key Challenge for Market Players?
The environmental impacts of TPU elastomers are more severe than other variants, which has led to limited adoption in many countries. Leading market players are focusing on reducing the environmental footprint of manufacturing TPU elastomers to meet the evolving regulatory climate.Other leading players in the TPU elastomers market include BASF SE, Miracll Chemical Co. Ltd., Kuraray Co. Ltd., Ravago Petrokimya Üretim A.S, COIM SPA, Coating Chemical Industry Company, Zibo Hengjiu Pu Technology Company Ltd., Huafon Group, Xuchuan Chemical Group, Evermore Chemical Industry Company Ltd., Sunko Ink Co. Ltd., Songwon Industrial Group, DuPont Tate & Lyle Bio Products, Blackwell Plastics LLP, Hexpol AB, Mitsui Chemicals, Inc., Lanxess Aktiengesellschaft,Honeywell International, Inc., PolyOne Corp., Tosoh Corporation, Nihon Matai Co. Ltd., APS Elastomers, and Townsend Chemicals Pty. Ltd.
Essential Takeaways from the TPU Elastomers Market Insights Report
Comparison of prominent players operating in the TPU Elastomers Market Insights.
Recent developments and key strategies adopted by market players.
Study of the micro and macro-economic growth indicators.
Impact of the various factors on the value chain of the TPU Elastomers Market Insights.
Growth opportunities for emerging market players in various regional markets.
Current trends influencing the scenario of the TPU Elastomers Market Insights.
Important queries related to the TPU Elastomers Market Insights addressed in the report:
Who are the most prominent players in the TPU Elastomers Market Insights?
What are the factors that are likely to hinder the growth of the TPU Elastomers Market Insights during the forecast period (2021-2031)?
Why is the concentration of tier-1 companies high in specific region?
How are the soaring prices of raw materials impacting the demand for keyword?
Why are market players eyeing opportunities in particular region?
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