Global Thermoplastic Polyurethane (TPU) Market is forecasted to grow at 7.0% with factors such as increasing consumption of thermoplastic polyurethane (TPU) in the footwear industry.
Thermoplastic polyurethane (TPU) market has shown an exceptional penetration in countries such as U.S., Germany and China. Growing usage of thermoplastic polyurethane (TPU) is increasing the penetration in developed countries. In developing countries, increasing application of thermoplastic polyurethane (TPU) for improvement of raw material is creating opportunity for the global thermoplastic polyurethane (TPU) market.
Thermoplastic polyurethane (TPU) Market Scenario
According to Data Bridge Market Research the market for thermoplastic polyurethane (TPU) in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader are HEXPOL AB, AVERY DENNISON CORPORATION, Huntsman International LLC, LTD which accounts an estimated market share of approximately 15 % to 18 % in the Asia-Pacific. The company has gained outstanding sale through their wide range of thermoplastic polyurethane (TPU) that have wide range of application in electronics sector.
- In August 2020, HEXPOL AB has reached an arrangement to buy 100% of the stock of the MESGO. The MESGO is the market pioneer in high-performance elastomers such as fluorocarbons and silicones and MESGO is also experienced in traditional rubber compounds and thermoplastics. MESGO's main customer divisions rely on the manufacturing, consumer goods, distribution and automobile industries. With this purchase, HEXPOL AB is taking a strategic turn into high-performance elastomers, where MESGO has cutting-edge know-how. MESGO has state-of-the-art services in Carobbio and Gorlago, Italy and Poland and Turkey. MESGO also has facilities dealing in thermoplastics and masterbatches in Garlasco and Grigno, Italy which has expanded the portfolio for the company.
Trends Impacting the Market
Now the question is which other regions HEXPOL AB, AVERY DENNISON CORPORATION, Huntsman International LLC are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific thermoplastic polyurethane (TPU) market and the market leaders targeting China and India to be their next revenue pockets for 2020.
Thermoplastic polyurethane (TPU) market is becoming more competitive every year with companies such as HEXPOL AB, AVERY DENNISON CORPORATION, Huntsman International LLC, national as they are the market leaders for Thermoplastic polyurethane (TPU). Data Bridge Market Research new reports highlight the major growth factors and opportunities in the thermoplastic polyurethane (TPU) market.
For more analysis on the thermoplastic polyurethane (TPU) market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-thermoplastic-polyurethane-market
Thermoplastic Polyurethane (TPU) Market Development
- In October 2018, AVERY DENNISON CORPORATION unveiled a new paint safety film that has provided self-healing results. SPF-XI supreme protection film maintained the appearance of a vehicle while helping to retain its residual value by insulating paint from unnatural looking harm. Maintaining the aesthetics and value of a vehicle is one of the great benefits offered by covers, so we have developed an easy-to-install paint protection film that has been protected against all sorts of excessive wear while allowing the car to shine.
Scope of the Thermoplastic Polyurethane (TPU) Market
Global Thermoplastic polyurethane (TPU) market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East & Africa.
- All country based analysis of thermoplastic polyurethane (TPU) market is further analyzed based on further segmentation. On the basis of raw material, the thermoplastic polyurethane (TPU) market is segmented into diisocyanate, polyols, diols and others. On the basis of type, the thermoplastic polyurethane (TPU) market is segmented into polyester, polyether and polycaprolactone. On the basis of end-user, the thermoplastic polyurethane (TPU) market is segmented into building and construction, textile, sports and leisure, consumer goods, footwear, industrial machinery, automotive, medical, electronics, heavy engineering and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-thermoplastic-polyurethane-market
Key Pointers Covered in Thermoplastic Polyurethane (TPU) Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
- Value Chain Analysis
Key Market Competitors Covered in the Report
- KURARAY CO., LTD.
- BASF SE
- The Lubrizol Corporation (A subsidiary of Berkshire Hathaway Inc.)
- Covestro AG
- API
- Taiwan PU Corporation
- Statex, Novotex Italiana S.p.A.
- AMERICAN POLYFILM, INC.
- Coim Group
- Mitsui Chemicals, Inc.
- Sanyo Corporation of America (A Subsidiary of the SANYO TRADING CO., LTD.)
- Huntsman International LLC
- Wanhua Chemical Group Co.,Ltd.
- Avient Corporation
- HEXPOL AB
- SONGWON
- AVERY DENNISON CORPORATION
- Tosoh Corporation
- Kolon Industries, Inc.
Above are the key players covered in the report, to know about more and exhaustive list of thermoplastic polyurethane (TPU) companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-thermoplastic-polyurethane-market
Research Methodology: Global Thermoplastic Polyurethane (TPU) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturers, and Industrial Professionals
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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