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Thermoplastic Polyurethane Market Research 2022, Size, Share, Global Trend, Future Growth, Business Opportunity, Key Findings and Forecast to 2029
Thermoplastic Polyurethane Market Overview:Thermoplastic polyurethane refers to an unusual type of plastic that bridges the gap between plastics and rubbers. The key to the versatility of thermoplastic polyurethane lies in its highly customized hardness. Thermoplastic polyurethane can be as rigid as hard plastics or as soft a rubber. It can be either colored or transparent.
The global Thermoplastic Polyurethane market size of TPU is estimated at USD 2.84 billion in 2020 and is projected to reach USD 5.33 billion by 2029, at a CAGR 6.5% during the forecast period 2022-2029.
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Thermoplastic polyurethane-based sealants and adhesives find use in a wide range of applications in various industries benefitting from their blend of features. Flexible sealing adhesion and temperature to several substrates make these adhesives ideal for use in many end use sectors, such as textile, transportation, footwear, and furniture. This factor is likely to encourage growth of the global thermoplastic polyurethane (TPU) market in the forthcoming years.
Thermoplastic Polyurethane Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are BASF SE, Lubrizol Corporation, Covestro AG, Huntsman Corporation as well as Wanhua Industrial Group, COIM Group, American Polyfilm Inc and Others
Recent Development
In September 2021, KPX Chemical, a leading polyols producer for polyurethanes in Korea, established a joint venture with Huntsman Corporation named KPX HUNTSMAN POLYURETHANES AUTOMOTIVE CO. LTD (KHPUA). The joint venture will create and provide innovative polyurethane system solutions to Korean automakers.
March 2020: The Lubrizol Corporation extended its TPU line in its Songjiang (Shanghai) China plant. With this enlargement, the company will back the high demand for specialty elastomers in Asia.
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Thermoplastic Polyurethane Market Segmentation:
Thermoplastic Polyurethane Market by Raw Material, 2022-2029, (USD Million)
Diisocyanate
Polyols
Diols
Thermoplastic Polyurethane Market by Type, 2022-2029, (USD Million)
Polyester
Polyether
Polycaprolactone
Thermoplastic Polyurethane Market by End User, 2022-2029, (USD Million)
Footwear
Automotive
Industrial Machinery
Medical
Electronics
Others
Growth Factors:
Increasing demand from the Thermoplastic Polyurethane industries
The growing use of Thermoplastic Polyurethane in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Thermoplastic Polyurethane Market
Thermoplastic Polyurethane Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Thermoplastic Polyurethane Market Trends
- The report identifies, determines, and forecasts the Global Thermoplastic Polyurethane Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Thermoplastic Polyurethane Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Thermoplastic Polyurethane Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Thermoplastic Polyurethane Market.
Frequently Asked Questions
What is the study period of this market?
What is the growth rate of Thermoplastic Polyurethane (TPU) Market?
Which region has highest growth rate in Thermoplastic Polyurethane (TPU) Market?
Which region has largest share in Thermoplastic Polyurethane (TPU) Market?
Who are the key players in Thermoplastic Polyurethane (TPU) Market?
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