Press release
Thermoplastic Polyurethane (TPU) Market Report: Industry Analysis And Revenue Forecast 2022-2027
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Thermoplastic polyurethane (TPU) refers to a thermoplastic elastomer that is manufactured through conventional methods, such as extrusion, injection molding, and compression molding. It is biodegradable, environment-friendly, recyclable, and resistant to high-energy radiation, solvents, and oil. It is used to produce hard rubber and soft engineering thermoplastic products due to its flexibility. As it offers transparency and elasticity, TPU is widely employed in the automotive, sports, footwear, construction, aerospace, medical, textile, and electronics industries across the globe.
Market Trends:
At present, the rising demand for flexible and biodegradable plastics in the footwear industry around the world represents one of the primary factors contributing to the market growth. Besides this, the growing adoption of TPU in the automotive industry due to its hydrolytic stability and biocompatibility is offering lucrative growth opportunities to industry players. Apart from this, governing agencies of various countries are encouraging the adoption of eco-friendly plastics, which is bolstering the growth of the market.
Moreover, various benefits offered by TPU, such as versatility, durability, toughness, and slip, grease, and abrasion resistance properties, are strengthening the growth of the market. Furthermore, the increasing utilization of TPU in conveyor belts, electrical wires, power cable sheathing, equipment connectors, drive belts, and medical disposables is propelling the growth of the market.
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Thermoplastic Polyurethane (TPU) Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global thermoplastic polyurethane market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• American Polyfilm Inc.
• BASF SE
• Coim Group
• Huntsman International LLC
• Kuraray Co. Ltd.
• Mitsui Chemicals Inc.
• Sumei Chemical Co. Ltd.
• Covestro AG
• Epaflex Polyurethanes Spa
• Hexpol AB
• The Lubrizol Corporation (Berkshire Hathaway Inc.)
• Wanhua Chemical Group Co. Ltd.
Key Market Segmentation:
The report has segmented the global thermoplastic polyurethane market based on type, raw material, application, end use industry and region.
Breakup by Type:
• Polyester
• Polyether
• Polycaprolactone
Breakup by Raw Material:
• Polyols
• Diisocyanate
• Diols
Breakup by Application:
• Extruded Products
• Injection Molded Products
• Adhesives
• Others
Breakup by End Use Industry:
• Construction
• Automotive
• Footwear
• Medical
• Electrical and Electronics
• Heavy Engineering
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Key Questions Answered in This Report:
• How has the global thermoplastic polyurethane (TPU) market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global thermoplastic polyurethane (TPU) market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the raw material?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global thermoplastic polyurethane (TPU) market and who are the key players?
• What is the degree of competition in the industry?
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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