Thermoplastic Polyurethane Market Size, Global Trends and Forecast by Regions, Grade, Types, Applications and Outlook 2017-2023

Thermoplastic Polyurethane Market
Global Thermoplastic Polyurethane Market Information- By Grade (Flame Retardant, Antistatic, Reinforced & Others), By Type (Polyester, Polyether, and Polycaprolactone), By Application (Automotive, Construction, Engineering, Medical and Others) and by Region – Forecast till 2023

Market Research Future Published a Half Cooked Research Global Thermoplastic Polyurethane Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023.    

BASF SE (Germany), Bayer Material Science AG (Germany), API S.p.A (Italy), Covestro AG (Germany), Hexpol AB (Sweden), The Lubrizol Corporation (United States), Kuraray Co., Ltd. (Japan), Huntsman International LLC. (United States), PolyOne Corporation (United States) and Wanhua Chemical Group Co.,Ltd. (China) among others are some of the prominent players at the forefront of competition in the Global Thermoplastic PolyurethaneMarket and are profiled in MRFR Analysis.

Thermoplastic Polyurethane Market – Market Overview

Thermoplastic Polyurethane (TPU) industry is witnessing substantial growth on account of its properties such as low weight, resistance to heat, abrasion and excellent low temperature flexibility which in turn is used in various end use industries such as automotive, medical and building & construction. The increasing application scope such as pipe & hoses, footwear and wire & cable is also anticipated to drive the Thermoplastic Polyurethane demand over the forecast period.

Different types of Thermoplastic Polyurethane Market such as polyester, polyether and polycaprolactone and others. The demand for polyester is expected to take steep growth on account of increasing number of application such as automotive, building & construction and engineering equipment’s and possess properties such as high tear resistance and heat-oil resistance compared to polyether Thermoplastic Polyurethane. Thermoplastic Polyurethane is elastomer is extensively used in automotive industry owing to rising demand of lightweight components to increase fuel efficiency. Automotive end use industry segment is flourishing market in terms of value and volume as TPU is substituting rubber and PVC to give better performance, UV resistance and help in reducing the overall weight of vehicle. Due to low temperature stability and high abrasion resistance TPU is used in gear knobs, interior door handle and seating cushions. Moreover, high dielectric strength and flame resistance makes TPU extensively used in wire & cables. Currently, OEM’s in automotive industry are collaborating with TPU manufacturer to develop modern and advanced TPU in order to meet new application requirements. High investment in research of new grades of TPU are impacting the global TPU market.

Additionally, footwear is major consumer of Thermoplastic Polyurethane owing to high resilience, tensile and tear strength. The ability of TPU to take any form of colour has made a preferred choice in footwear and automotive industry. Due to upcoming events such as Olympics, marathons and FIFA world cup may increase the demand of TPU in footwear industry as it is efficient material for manufacturing sportwear and shoes. However, intense competition among compounding plastic components manufacturer and rise in raw material cost of TPU are expected to restraint the market growth over the forecast period.

The Global Thermoplastic Polyurethane Market is dominated by Asia Pacific region owing to presence of major end use industries such as footwear, automotive coupled with skilled labor. Changing trend of replacing many metal parts in automotive with lightweight components in order to improve fuel efficiency and mechanical performance is expected to complement product penetration. China witnessed strong growth owing to relocation of key players in this market to capture huge market share with favourable government policies. Moreover, countries like Japan, India and South Korea are leading countries in automotive industries which in turn triggered the Global TPU Market in these countries. Europe is second largest automotive coating market followed by North America. Strong consolidation and favourable economic conditions are likely to boost the product penetration in regional market. U.S. market is exhibiting enormous growth potential on account of stringent environmental regulation regarding usage of compounding plastics over TPU would benefit the Thermoplastic Polyurethane Market.

Request Sample Research Report @ https://www.marketresearchfuture.com/sample_request/3269

Thermoplastic Polyurethane Market – Competitive Analysis

Thermoplastic Polyurethane Market is fragmented market with tier 1 and tier 2 players dominating the overall market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. To meet environmental regulations, manufacturer is entering into agreement with raw material supplier to reduce the cost and untapped the market share. Auto manufacturers are focusing more on performance of vehicle by lowering of greenhouse gases. BASF, Bayer and Huntsman are investing more into R&D and partnering with distributors to enhance their market share.

Industry/ Innovation/ Related News:

November 06, 2017–BASF expands Cellasto capacity at Dahej plant, India. Cellasto a Thermoplastic Polyurethane used successfully in suspension system to reduce noise in automotive vehicle. This expansion strengthens the BASF automotive sector and allow the company to focus more into supplying South Asia with TPU products.

June 02, 2017 – BASF announced a force majeure in North America on products such as methylene diphenyl diisocyanate (MDI) system and thermoplastic polyurethane (TPU). The flood water of Mississippi river has caused problem in to operate with subsequent closure of Kinder Morgan’s terminal. This affected the production of MDI and TPU products to procure market share in this region. Moreover, this impact can affect the company revenue along with global TPU market.

February 04, 2015 – German based company Bayer Material Science expanded production capacity in India to tap growing demand of TPU in domestic market. The annual production capacity will increase to 6,000 metric tonnes. Supportive regulations by government such as ‘Make in India’ campaign is expected to benefit manufacturer thereby, strengthening the company market position.

June 15, 2017 –Trinseo a global leader in plastic, latex binders and synthetic rubber acquired the Applicazioni Plastiche Industriali S.p.A. (API). This acquisition is expected to strengthen soft touch polymer thereby, driving the growth of performance plastics. 

Inquire more about this Report @ https://www.marketresearchfuture.com/reports/thermoplastic-polyurethane-market-3269                                                         

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com