Stratview Research announces the launch of a new research report on the Thermoplastic Polyurethane Market by Raw Material Type (Diisocyante, Polyols, and Diols), by Type (Polyester, Polyether, and Polycaprolactone), by End-Use Industry Type (Footwear, Engineering, Building & Construction, Automotive, Hose & Tubing, Wires & Cables, and Medical), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Highlights from the Report
The thermoplastic polyurethane market size was estimated at USD 2.6 billion in 2021 and is likely to grow at a CAGR of 8.07% during 2022-2028 to reach USD 4.51 billion in 2028.
Market Dynamics
The market has witnessed modest growth in the current years which is anticipated to continue during the forecast period as well. Thermoplastic polyurethane bears properties, such as remarkable abrasion resistance, outstanding low-temperature suppleness, and high oil resistance, owing to which it is used in various end-use industries, such as medical, automotive, wires & cables, hose & tubing, engineering, building & construction, and footwear.
This report provides critical insights on the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Key success factors
This report studies the Thermoplastic Polyurethane Market and has segmented the market in few ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the ways in which the market is segmented.
By Type
Based on the type, the market is segmented as polyester, polyether, and polycaprolactone. The polyester segment had a considerable share in the market in 2021, owing to its extensive use in various end-use industries, such as building & construction, automotive, and engineering, among others. The polycaprolactone segment is estimated to register the highest growth in the coming five years. The growth is attributed to its extensive application in various end-use industries.
By End-Use Industry Type
Based on the end-use industry type, the market is segmented as footwear, engineering, building & construction, automotive, hose & tubing, wires & cables, and medical. The footwear segment led the market in 2021 in terms of volume, which was subsequently followed by the wires & cables, and the engineering segments. Further, the medical end-use industry segment is estimated to depict the highest growth during the forecast period.
Regional Analysis
In terms of regions, Asia-Pacific is expected to dominate the thermoplastic polyurethane market in the coming five years, in terms of both value and volume. It is also estimated to depict the highest growth during the forecast period. China and India are the growth engines of the region. The market is driven by the growing demand for thermoplastic polyurethane in various end-use industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Following are the key players in the Thermoplastic Polyurethane Market:
- American Polyfilm, Inc.
- BASF Polyurethanes GmbH (BASF SE)
- Covestro AG
- Hexpol AB
- Huntsman Corporation
- Kuraray Co., Ltd.
- The Lubrizol Corporation
- Polyone Corporation
- Wanhua Chemical Group Co., Ltd.
- Headway Polyurethane Co. Ltd.
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