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.
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.
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.
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.
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.
Global Thermoplastic Polyurethane (TPU) Market – Industry Trends and Forecast to 2027
North America Thermoplastic Polyurethane (TPU) Market – Industry Trends and Forecast to 2027
Asia-Pacific Thermoplastic Polyurethane (TPU) Market – Industry Trends and Forecast to 2027
Europe Thermoplastic Polyurethane (TPU) Market – Industry Trends and Forecast to 2027