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19th June 2019 – Global Thermoplastic Polyurethane Market is anticipated to grow considerably in the forecast period. A distinctive class of plastic is produced when polyaddition happens between a diisocyanate and one or more diols. This plastic is referred to as “Thermoplastic Polyurethane”. They have many useful properties such as resistance to oil, elasticity, grease and abrasion, etc. The factors that propel the growth of the market include its substitution with conventional materials in end user industry, improved abrasion resistance, growing populace, and increasing buying power of individuals.

On the other hand, there are factors that may hamper the development of the market including rising environmental concerns with the production and usage of thermoplastic polyurethanes. Thermoplastic Polyurethane Market is anticipated to grow at a significant CAGR of 7.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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The market may be explored by type, application, and geography. The market may be explored by type as Polyester, Polycaprolactone, and Polyether. The “Polyester” sector led the market in 2016 and is anticipated to maintain its dominance by 2020 owing to suitability of polyester in a number of applications in numerous end-use industries, such as engineering, automotive, and construction & building among others.

The key applications that could be explored in the Thermoplastic Polyurethane Market include Footwear, Automotive, Engineering, Wires & Cables, Building & Construction, Medical, and Hose & Tubing. The “Footwear” sector led the market in 2016 and is anticipated to maintain its dominance by 2020. Footwear segment is followed by Wires and Cables.

Key Vendors

  • BASF
  • Covestro
  • Huntsman
  • Lubrizol
  • Wanhua Group
  • Sumei Chemical
  • Huafon Group
  • Baoding Bangtai Polymeric New-Materials
  • Miracll Chemicals

Key Applications

  • Automotive
  • Construction
  • Electronic & Electrical
  • Engineering
  • Footwear
  • Hose & Tubing
  • Medical
  • Wires & Cables

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Key Questions Answered in this Report

  • What will the market size be in 2022?
  • What are the key factors driving the global thermoplastic polyurethane market?
  • What are the challenges to market growth?
  • Who are the key players in the thermoplastic polyurethane market?
  • What are the market opportunities and threats faced by the key players?

 

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