Global Thermoplastic Polyurethane Market to Witness High Demand Due to Growing Demand from Medical Industries

Thermoplastic Polyurethane Market is expected to grow at 6.8% for 2019 to 2026 to an estimated value of USD 3.12 billion by 2026 of with factors such as high cost of the thermoplastic polyurethane and fluctuation in the cost of the raw material which is hampering the market growth.    

Thermoplastic polyurethane market has shown a significant adoption rate and preferences from the Asia- Pacific region. This is due to increasing demand for high performance material and growth in the end- user industries which will enhance the market demand in the region.

Thermoplastic Polyurethane Market Scenario

According to Data Bridge Market Research the thermoplastic polyurethane market in developing regions is witnessing a growth in terms of its adoption rate, due to rising demand for TPU from automotive & medical industries, rising awareness about the advantages of TPU, growing demand for the bio based products, and increasing production capabilities.

Now the question is which are the regions that thermoplastic polyurethane market players should target? Data Bridge Market Research has estimated market leaders to target Asia- Pacific developing regions to help them in attaining better volume of revenue generation.

Thermoplastic polyurethane market is becoming more competitive every year with footwear currently being the largest market end- user for the forecast period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the thermoplastic polyurethane market.

For more analysis on the thermoplastic polyurethane market, request for a briefing with our analysts

Thermoplastic Polyurethane Market Development

Mitsubishi Chemical Corporation announced that they are going to acquire AdvanSource Biomaterials Corporation’s thermoplastic polyurethane elastomer business in November 2019. This acquisition will help the company to enhance their product portfolio and will also allow them to strengthen their market position.

Scope of the Thermoplastic Polyurethane Market

Thermoplastic polyurethane market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa

  • All country based analysis of the thermoplastic polyurethane market is further analysed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into polyester, polyether and polycaprolactone. Based on grade, the market is divided into flame retardant, antistatic, reinforced and others. Application segment of the market is segmented into injection molding, extrusion, adhesives & sealants and paints & coatings. The market is also segmented into automotive, construction, engineering, footwear, hose & tube, medical and wire & coating on the basis of end- users.
  • Thermoplastic polyurethane is thermoplastic elastomers which usually bridge the distance between the plastics and rubbers. They usually are flexible and also offer good performance. These materials are widely used in industries such as wire & cable, paint & coatings, injection & molding, coatings, extrusions and others. They are also used as cooling agent in many devices so they can avoid overheating. TPU are mainly manufactured by combining a diisocyanate, short chain diol and polyol. Some of the common types of thermoplastic elastomers include polyether, polycaprolactone, polyester and other. They are used in industries such as automotive, engineering, footwear, construction, hose & tube and others.

To know more about the study

Key Pointers Covered in the Thermoplastic Polyurethane Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • The Lubrizol Corporation
  • Covestro AG
  • Huntsman International LLC
  • Wanhua Chemical Group Co., Ltd.
  • PolyOne Corporation
  • API
  • The Dow Chemical Co
  • Honeywell International Inc.
  • Coim Group.

Above are the key players covered in the report, to know about more and exhaustive list of thermoplastic polyurethane companies, contact us

Research Methodology: Global Thermoplastic Polyurethane 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, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Related Reports

Browse in Chemical and Materials Category Related Reports@