HEXPOL AB, AVERY DENNISON CORPORATION, and Huntsman International LLC are Dominating the Global Thermoplastic Polyurethane (TPU) Market in 2019

Global Thermoplastic Polyurethane Market is expected to grow with the CAGR of 7.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global thermoplastic polyurethane (TPU) market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global thermoplastic polyurethane (TPU) market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance,

In June 2015, Huntsman International LLC has reported that it has completed the purchase of Tecnoelastomeri, a producer and marketer of methylene diphenyl diisocyanate (MDI) manufactured hot-cast elastomer systems and production machines located in Modena, Italy. Acquiring Tecnoelastomer, adding its highly skilled team to our polyurethane company, would dramatically improve our access to the rising, downstream hot-cast elastomer markets worldwide.

HEXPOL AB. is the dominating player in global thermoplastic polyurethane (TPU) market. The other key players existing in the market includes 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, SONGWON, AVERY DENNISON CORPORATION, Tosoh Corporation, and Kolon Industries, Inc.

Thermoplastic Polyurethane (TPU) MarketHEXPOL AB

HEXPOL AB headquartered in Malmö, Sweden which is engaged in the development, manufacture and marketing of polymer products with compounding and engineered methods. The company has wide range of product including Dryflex TPE, Mediprene TPE, Epseal TPE, Lifobatch Masterbatch, Lifocork, Lifolit Soft PVC and the market focused product is Dryflex TPE in thermoplastic polyurethane (TPU) market. The company has wide global presence across the globe such as North America, Europe, and Asia. The company also generate revenue from its subsidiaries such as Gislaved Gummi AB (Sweden), Megufo AB, (Sweden), HEXPOL Holding AB (Sweden), Stellana AB (Sweden), Elastomeric Engineering Co., Ltd. 1) (Sri Lanka) among others.

For instance,

  • 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, 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.

AVERY DENNISON CORPORATION

AVERY DENNISON CORPORATION founded in 1935 and is headquartered in California, U.S. The company is engaged in pressure-sensitive materials for labels and graphic applications tapes and other bonding solutions for industrial, medical, and retail applications, tags, labels, embellishments for apparel , radio frequency identification (RFID) solutions serving retail apparel and other market. The company offers various products such as advertising and promotions, architecture and buildings, consumer packaged goods, electronic and electrical, government, retail, supply chain and logistics, apparel and footwear branding, automotive, durable goods and equipment, food, medical and healthcare, RFID, transportation among which automotive is market focused segment.

The company has wide global presence in Americas, Asia-Pacific, Middle East and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as ADC PHILIPPINES, INC. (PHILIPPINES), ADESPAN S.R.L. (ITALY), ADESPAN U.K. LIMITED (U.K.), ADHIPRESS BANGLADESH LTD. (BANGLADESH), ADHIPRESS (HONG KONG) LTD. (HONG KONG) among others.

For instance,

  • 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.

Huntsman International LLC

Huntsman International LLC headquartered in Texas, U.S. The company is engaged in manufacturing product for the polyurethanes, advanced materials, performance products, and textile effects. The company offers various products such as aerospace and defense, automation, robotics and engineering, automotive and transportation, building and construction, cold chain, elastomers, electronics, energy, footwear, furniture and bedding, industrial manufacturing, sports and leisure, textiles among which elastomers is market focused segment.

The company has wide global presence in Americas, Asia-Pacific, Europe, Africa, and Middle East. In addition to it, the company also generates its revenue from the various subsidiary companies such as Huntsman (Argentina) S.r.l. (Argentina), Felgray Pty Limited (Australia), HCA Finance Pty Limited (Australia), HCCA Pty Limited (Australia), and HCPH Holdings Pty Limited (Australia) among others.

For instance,

  • In September 2019, Huntsman International LLC has confirmed the launch of its latest polyurethane machine house in Dubai. Located inside the Jebel Ali Free trade region (JAFZA), this plant is planned to enhance Huntsman's capacity to manufacture polyurethanes and polyester polyols for consumers in the Middle East and North Africa to boost the quality.