Press release
Thermoplastic Polyurethane Market to reach at USD 5.33 billion with Notching a CAGR 6.5% and Advancements Within Industry Up to 2029
Thermoplastic Polyurethane
Research report on the Thermoplastic Polyurethane market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Thermoplastic Polyurethane market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.
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⇨Thermoplastic Polyurethane (TPU) Market Recent Developments
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.
⇨In August 2022, BASF SE announced the launch of their Thermoplastic Polyurethane Paint Protection Film from RODIM.
In October 2021, Trinseo introduced two sustainably-advantaged material grades Bio TPU dedicated to footwear and fashion.
✦ Dynamics
► Rising Adoption of Thermoplastic Polyurethane (TPU) by Footwear and Automotive Manufacturers is Fuelling the Market Worldwide
Footwear is the largest end-use industry of Thermoplastic Polyurethane (TPU) as it is used ito manufacture various parts of footwear, such as upper yarns, midsoles/foam & cushioning, outsoles, eyelets, heel cups, logos, shanks & toe caps. Rising demand for durability and performance among people from all age groups is driving the market in the footwear industry.
► High Manufacturing Cost of Thermoplastic Polyurethane is the Major Challenge Faced by The Thermoplastic Polyurethane Market
Thermoplastic polyurethane is usually costlier than traditional materials. Its higher price may limit its adoption, especially in less demanding applications. The excessive price is due to the high production costs incurred due to the great degree of customization. Additionally, extrusion, injection molding, and compression molding are among the TPU production processes that require big machinery and skilled laborers, thereby raising the overall manufacturing cost of the product.
Prominent Key players of the Thermoplastic Polyurethane Market survey report:
Historical data available in the report elaborates on the development of the Thermoplastic Polyurethane on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - BASF SE, Lubrizol Corporation, Covestro AG, Huntsman Corporation as well as Wanhua Industrial Group, COIM Group, American Polyfilm Inc
Thermoplastic Polyurethane Market Segmentation:
Thermoplastic Polyurethane Market by Raw Material, 2023-2029, (USD Million)
» Diisocyanate
» Polyols
» Diols
Thermoplastic Polyurethane Market by Type, 2023-2029, (USD Million)
» Polyester
» Polyether
» Polycaprolactone
Thermoplastic Polyurethane Market by End User, 2023-2029, (USD Million)
» Footwear
» Automotive
» Industrial Machinery
» Medical
Electronics
Others
The regional outlook by revenue covers the countries namely:
✦ North America (United States, Canada and Mexico)
✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
✦ South America (Brazil, Argentina, Colombia, and Rest of South America)
✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Read Full Report with TOC:
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Key Features of the Thermoplastic Polyurethane Market Report: -
⇨ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
⇨ Examine the market opportunities for stakeholders by identifying higher growth sections.
⇨ To study and analyse the global Thermoplastic Polyurethane industry status and forecast including key regions.
⇨ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
⇨ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
⇨ It helps you make strategic business decisions and investment plans.
Competitive Landscape
Competition has been growing for the Thermoplastic Polyurethane industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.
Highlight the Following Key Factors:
► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History: The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.
► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Table of Contents
Global Thermoplastic Polyurethane Market Research Report 2023-2029
1 Thermoplastic Polyurethane Market Overview
1.1 Product Overview and Scope of Thermoplastic Polyurethane
1.2 Thermoplastic Polyurethane Segment by Type (Product Category)
1.3 Global Thermoplastic Polyurethane market Segment by Application
1.4 Global Thermoplastic Polyurethane Market by Region (2023-2029)
1.4.1 Global Thermoplastic Polyurethane Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)
1.4.2 North America Status and Prospect (2023-2029
1.4.3 Europe Status and Prospect (2023-2029)
1.4.4 China Status and Prospect (2023-2029)
1.4.5 Japan Status and Prospect (2023-2029)
1.4.6 Southeast Asia Status and Prospect (2023-2029)
1.4.7 India Status and Prospect (2023-2029)
1.5 Global Market Size (Value) of Thermoplastic Polyurethane (2023-2029)
1.5.1 Global Thermoplastic Polyurethane Revenue Status and Outlook (2023-2029)
1.5.2 Global Thermoplastic Polyurethane Capacity, Production Status and Outlook (2023-2029)
…
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✔ Unbiased conclusions and market insights
✔ 24×7 customer service available to address client queries
✔ Highly efficient and experienced team of analysts striving to create top-quality reports
✔ Our reports have facilitated the growth of over 500 companies
✔ The systematic and methodical market research process
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