Thermoplastic Polyurethane Market to reach USD 5.54 billion by 2030, and is expected to undergo a CAGR of 7.60%, by Type (Polyester, Polyether, Polycaprolactone)

Market Definition

Thermoplastic polyurethane is extensively used across construction, automotive, aerospace and medical industry for numerous applications due to its properties such as transparency, elasticity, and resistance to oil, grease, and abrasion. Moreover, thermoplastic polyurethane is environment-friendly, biodegradable and fully recyclable, that makes it a suitable alternative to PVC and various other polymers.

Thermoplastic polyurethane is a versatile synthetic material with a wide range of applications across various industries. It is known for its unique combination of properties, making it a popular choice for manufacturing products that require flexibility, durability, and resistance to abrasion, chemicals, and weather conditions. It is commonly used in the manufacturing of footwear, including shoe soles and flexible components, due to its excellent abrasion resistance and flexibility, providing comfort and long-lasting wear. It is also utilized in the production of phone cases, protective sportswear, and medical devices, where its softness and resistance to body fluids make it a suitable material. One of the key advantages of the polymer is its thermoplastic nature, allowing for easy processing through methods like injection molding and extrusion. Due to mention above all the reason it is considered that there will be an upsurge in the global thermoplastic polyurethane market in the forecast period of 2023 to 2030.

 Data Bridge Market Research analyses that the global thermoplastic polyurethane market which was USD 3.08 billion in 2022, is expected to reach USD 5.54 billion by 2030, and is expected to undergo a CAGR of 7.60% during the forecast period of 2023 to 2030.  "Polyester" dominates the type segment of the global thermoplastic polyurethane market due to its excellent balance of strength, flexibility, and chemical resistance. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

View Detailed Report: https://databridgemarketresearch.com/reports/global-thermoplastic-polyurethane-market

Some of the major players operating in the global thermoplastic polyurethane market are:

KURARAY CO., LTD. (Japan)
BASF SE (Germany)
The Lubrizol Corporation (U.S.)
Covestro AG (Germany)
Taiwan PU Corporation (Taiwan)
Novotex Italiana S.p.A. (Italy)
AMERICAN POLYFILM, INC. (U.S.)
Coim Group (Italy)
Mitsui Chemicals, Inc. (Japan)
Sanyo Corporation of America (U.S.)
Huntsman International LLC (U.S.)
Wanhua Chemical Group Co., Ltd. (China)
Avient Corporation (U.S.)
HEXPOL AB (Sweden)
SONGWON (South Korea)
AVERY DENNISON CORPORATION (U.S.)
Tosoh Corporation (Japan)
Kolon Industries, Inc. (South Korea)
Global Thermoplastic Polyurethane Market Scope

The global thermoplastic polyurethane market is segmented on the basis of raw material, type and end-user.  The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

Diisocyanate
Polyols
Diols
Others

Type

Polyester
Polyether
Polycaprolactone

End-User

Footwear
Industrial Machinery
Automotive
Electronics
Medical
Consumer Goods
Sports and Leisure
Building and Construction
Textile
Heavy Engineering
Others

Opportunity

Immense Potential in 3D Printing

Thermoplastic polyurethane is increasingly used in 3D printing due to its unique properties. Thermoplastic polyurethane filaments, known for their flexibility and elasticity, enable the creation of flexible and durable 3D printed objects. This makes thermoplastic polyurethane a preferred material for producing items like phone cases, shoe soles, gaskets, and custom-fit wearables. As 3D printing technology continues to advance, thermoplastic polyurethane role in creating functional, customized, and innovative products is expected to expand further.

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