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Thermoplastic Polyurethane Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Thermoplastic Polyurethane Market Statistics 2028The global Thermoplastic Polyurethanes (TPU) market was valued at USD 2315.9 million in 2020 and it is expected to reach USD 3740.5 million by the end of 2027, growing at a CAGR of 6.0% during 2021-2027.
Thermoplastic polyurethane (TPU) refers to any of a group of polyurethane polymers that include flexibility, transparency, and resistance to abrasion, grease, and other liquids. They are technically thermoplastic elastomers made of linear block copolymers with hard and soft segments.
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Thermoplastic polyurethane Market Share Analysis
Geographically, the polyurethane elastomer market is dominated by Europe, Asia-Pacific, and the United States. Asia-Pacific is also the largest and fastest-growing regional market in the globe, with China playing a more significant role globally. The largest market share, at more than 55% in value, was held by APAC.
TPU may be broadly categorized into three groups according to the type of material they are made of: TPU based on polyester, TPU based on polyether, and TPU based on polycaprolactone. With more than 58% of market consumption, polyester had the highest market share out of the three product type groups.
TPU has a wide range of applications, including those in the automotive, footwear, medical, industrial, transportation/automotive, wire and cable solutions, and sports goods and footwear, which account for the largest market share.
Lubrizol, BASF, Covestro, Huntsman, Miracll Chemicals Co., Ltd, Wanhua Chemical, Trinseo, Hexpol, COIM Group, Epaflex, and others are among the major Thermoplastic Polyurethanes (TPU) producers in the world. The top 5 accounted for around 66% of market value.
Thermoplastic polyurethane Market Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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Thermoplastic polyurethane Market Segment By Type
• Polyester-based TPU
• Polyether-based TPU
• Polycaprolactone-based TPU
Thermoplastic polyurethane Market Segment By Application
• Sports Goods & Footwear
• Industrial Applications
• Transportation/Automotive
• Wire and Cable Solutions
• Construction Materials
• Medical
• Others
By Company
• Lubrizol
• BASF
• Covestro
• Wanhua Chemical
• Huntsman
• Trinseo
• Hexpol
• Kuraray
• COIM Group
• Avient
• Epaflex
• Miracll Chemicals
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