There is a continuous growth in “Thermoplastic Polyurethane (TPU)” Market in last five years and also continue for the forecast year 2023. Thermoplastic Polyurethane (TPU) industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. Thermoplastic Polyurethane (TPU) Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.
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The global thermoplastic polyurethane (TPU) market is expected to witness a CAGR of 3.36% during the forecast period, 2018 to 2023. In 2017, in terms of volume, Asia-Pacific dominated the TPU market, holding a share of more than 60%, owing to the rising demand for automobiles and construction of buildings in the region.
Rising Demand from Medical Industry
TPU belongs to a class of thermoplastic elastomers that are long-chain linear polymers, which allow the polyurethane to be melted to form parts and then the parts are solidified. The usage of TPU in medical applications is consistently increasing, owing to its high-performance characteristics, resistance to chemicals and oils, improved mechanical properties, and enhanced durability. Melt-processable polyurethanes are used to make catheters, such as central-venous access catheters, over-the-needle IV catheters and multi-lumen catheters. They are also used in wound dressing, owing to their versatile nature. TPU wound-dressing films are used to cover the wound and restrict the entry of bacteria and fluids, but allow moisture to permeate. Owing to improved biocompatibility, hydrolytic stability, biostability, abrasion resistance, elasticity, high rigidity and strength, chemical resistance, and excellent mechanical properties, TPU is used in numerous other healthcare and medical applications.
Footwear Industry to Dominate the Global TPU Market
TPUs can be made into fine threads, and can be combined with nylon to make more lightweight, stretchable garments. Because of these techniques, manufacturers can make a broad range of foot wear. Furthermore, TPU has been considered as an efficient replacement of rubber and other resins used in footwear industry, owing to its high elasticity & resilience, high tensile strength, and high tear strength compared to the traditionally used rubber. Various grades of TPU can provide a range of hardness to deliver the required amount of friction and flexibility. A rise in the net income of people in regions of Asia-Pacific, such as China and India, is expected to provide huge opportunities for the market to grow during the forecast period.
TPU Market to Expand at a Fastest Rate in India
The construction sector in India is growing at higher rate with urbanization projects and new construction activities, such as bridges, dams, roads, railways (metro rails), urban infrastructures, buildings, etc. Around 100% FDI in the construction sector has also helped the industry to grow, which is expected to grow further at higher rate, with increasing population, during the forecast period. The housing sector has witnessed a healthy growth in the near past, which, in turn, has increased the consumption of TPU in the construction industry. Heavy engineering is the other major end user. There are many industrial units in the country, which will increase the consumption of TPU market. Moreover, the Indian footwear industry holds an important place in the country’s economy as it provides employment and foreign earnings due to export. This industry is highly fragmented with almost 15,000 medium and small industries operating in organized and unorganized segments, therefore, driving the TPU market.
Key Developments in the Market
November 2017: Covestro to expand its TPU production facility in North America by 25% and is likely to come into operation by second quarter of 2018
Major Players: Covestro, Lubrizol, Huntsman Corp., BASF, Hexpol, and Huntsman, among others
Major Regions: – US,Canada,Mexico,Spain,UK,France,Germany,Russia,Italy,China,India,Japan,Australia,Brazil,Argentina,South Africa
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Reasons to Purchase this Report:
- Analysing various perspectives of the Thermoplastic Polyurethane (TPU) market size with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Thermoplastic Polyurethane (TPU) market growth during the forecast period.
- Identify the latest developments, Thermoplastic Polyurethane (TPU) market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Major Points Covered in Table of Content of Thermoplastic Polyurethane (TPU) Market forecast 2023
1. Introduction of Thermoplastic Polyurethane (TPU) Market Report
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Thermoplastic Polyurethane (TPU) Market Trends
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Thermoplastic Polyurethane (TPU) Market Dynamics
6.Global Thermoplastic Polyurethane (TPU) Market, Segmented by Size
7. Global Thermoplastic Polyurethane (TPU) Market, Segmented by Technology Type
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8. Global Thermoplastic Polyurethane (TPU) Market, Segmented by Geography
8.1 North America
8.1.1 United States
8.2 South America
8.4.1 United Kingdom
8.5 Africa and Middle East
8.5.2 South Africa
8.5.3 Saudi Arabia
9. Competitive Landscape
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
11. Future Outlook of the Market
And Many More……….
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