Thermoplastic Polyurethane Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

Thermoplastic polyurethane are defined as the class of thermoplastic elastomers, which supports the melting process of the polyurethane to form parts and then the parts are solidified. TPUs are known for their high-performance features, enhanced mechanical properties, resistance to chemicals and oils, and improved durability. They find their applications across several end use industries such as automotive, construction, medical, aerospace and others. Further, they are considered as biodegradable and environment-friendly substitute of PVC and other types of polymers.

MARKET DYNAMICS

The thermoplastic polyurethane market has witnessed a significant growth owing to factors such as rise in demand for thermoplastic polyurethane for automotive and medical applications coupled with their environment-friendly nature which makes them versatile elements to be used across several end-use industries. However, high cost associated with the thermoplastic polyurethane in comparison to other conventional materials is projected to hamper the thermoplastic polyurethane market growth over the projected period. Moreover, the primary trend followed in the thermoplastic polyurethane market is emerging use of bio-based thermoplastic polyurethane.

MARKET SCOPE

The "Global Thermoplastic Polyurethane Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermoplastic polyurethane market with detailed market segmentation by raw material, type, end user industry, and geography. The global thermoplastic polyurethane market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermoplastic polyurethane market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global thermoplastic polyurethane market is segmented on the basis of raw material, type, end user industry. On the basis of raw material, the thermoplastic polyurethane market is segmented into diisocyanate, polyols and diols. The thermoplastic polyurethane market on the basis of the type is classified into polyester, polyether and polycaprolactone. The thermoplastic polyurethane market on the basis of the end user industry is classified into footwear, industrial machinery, automotive, medical, electronics and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoplastic polyurethane market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermoplastic polyurethane market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the thermoplastic polyurethane market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thermoplastic polyurethane market in these regions.

MARKET PLAYERS

The reports cover key developments in the thermoplastic polyurethane market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from thermoplastic polyurethane market are anticipated to lucrative growth opportunities in the future with the rising demand for Thermoplastic polyurethane in the global market. Below mentioned is the list of few companies engaged in the Thermoplastic polyurethane market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermoplastic polyurethane market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  BASF SE
•  Coim Group
•  Covestro AG
•  Epaflex Polyurethanes Spa
•  Hexpol AB
•  Huntsman International LLC
•  Kuraray Co. Ltd.
•  Lubrizol Corporation
•  Polyone
•  Wanhua

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Thermoplastic Polyurethane Report Scope