Thermoplastic Polyurethane Market is expected to witness significant growth owing to rising demand from the automotive sector

November 09 11:46 2017

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 Overview:

Thermoplastic Polyurethane Market is expected to grow at a rapid phase owing to rising demand from various regions and it vast application in various end-use industries. Thermoplastic Polyurethane has good properties such as Elasticity, transparency, and resistance to oil, grease, and abrasion due to this the application of Thermoplastic Polyurethane has been expanding.  Globally, the Thermoplastic Polyurethane Market is expected to witness significant growth owing to rising demand from the automotive sector. In addition, Thermoplastic Polyurethanes applications in medical are also expected to boost the growth of the TPU market in the coming years. However, the growing environmental concerns with the manufacture and usage of Thermoplastic Polyurethanes are expected to hinder the growth of the market.

 In addition, growth of automotive and construction industry are the major industries for consumption of Thermoplastic Polyurethane especially in APAC region by contributing the major countries such as China, India, Thailand, and South Korea. It is expecting thatduring 2016-2023 the Global Thermoplastic Polyurethane Market will grow with the CAGR of 6.53%.  

Competitive Analysis:

Key players of the Global Thermoplastic Polyurethane Market are API Plastics, BASF SE, Bayer Material Science Ag, COIM, Headway Polyurethane Co. Ltd., Hexpol AB, Huntsman Corporation, Lubrizol Corporation, Miracll Chemical Co. Ltd., Wanhua Chemical Group Co. Ltd and others.

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Market Segmentation:

The Global Thermoplastic Polyurethane Market is majorly segmented on the basis of garde, types, application, and region. Based on grade, of Thermoplastic Polyurethane the market is segmented into Flame Retardant, Antistatic, Reinforced & Others. Based on types of thermoplastic polyurethane the market is segmented into polyester, polyether, and polycaprolactone. Furthermore, based on application of Thermoplastic Polyurethane the market is segmented into as Automotive, Construction, Engineering, Medical and Others

Based on Type, of Thermoplastic Polyurethane the market is segmented into polyester, polyether, and polycaprolactone. The market for polyester is expected to grow at healthy CAGR, the properties of polyester TPU allows compatible with PVC and other polar plastics and are unaffected by oils and chemicals it provides excellent abrasion resistance and good balance of physical properties that are used in polybends. The polyether they are slightly lower in specific gravity than polyester and polycarprolactone, it provides low temperature flexibility and good abrasion and tear resilience. Polycarprolactone TPU, are second largest market they inherent toughness and resistance of polyester based TPUs, they are ideal raw material for hydraulic and pneumatic seals.

Furthermore, based on Application of Thermoplastic Polyurethane the market is segmented into as Automotive, Construction, Engineering, Medical and Others. The automotive segment accounted for the largest market share among application in 2016 and is expected to witness significant growth owing to the developments in automotive industry. Key market palyers have been investing in R&D in order to innovate or develop THUs and increase its applications. Medical sector is also expected to grow at significant pace owing to medical device housing, wound care products by the leading market players.

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Regional Analysis:

In geographical terms, Asia Pacific is the largest market of Thermoplastic Polyurethane due to demand in various industry such as automotive, construction, engineering, medical and others, in China region followed by India. Increasing demand for automotive industry in the China, India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global Thermoplastic Polyurethane Market followed by increasing in the consumption of Thermoplastic Polyurethane Market in Europe region. In Europe region, Thermoplastic Polyurethane Market is mainly drive by engineering sector. In addition, the third largest market of Thermoplastic Polyurethane is North America region due to large consumption in automotive and construction industry. Latin America and Middle East also witnessed in growth of Thermoplastic Polyurethane Market due to various applications.

Expansion and new product development are the key strategies followed by major industry players for growth of Thermoplastic Polyurethane Market for instance BASF Thermoplastic Polyurethane (Elastollan®) is expanded at the Ludwigshafen headquarters, using an innovative procedure. In-addition major companies are investing in Research and development in order to innovative in TPUs and major applications of TPUs.

LIST OF TABLES:

Table 1        World Population by Major Regions (2016 To 2030) 

Table 2        Global Thermoplastic Polyurethane    Market: By Region, 2016-2023 

Table 3        North America Thermoplastic Polyurethane    Market: By Country, 2016-2023 

Table 4        Europe Thermoplastic Polyurethane    Market: By Country, 2016-2023 

Table 5        Asia-Pacific Thermoplastic Polyurethane    Market: By Country, 2016-2023 

Table 6        RoW Thermoplastic Polyurethane    Market: By Country, 2016-2023 

Table 7        Global Thermoplastic Polyurethane    by Types Market: By Regions, 2016-2023 

Table 8        North America Thermoplastic Polyurethane    by Types Market: By Country, 2016-2023 

Table 9        Europe Thermoplastic Polyurethane    by Types Market: By Country, 2016-2023 

Table 10        Asia-Pacific Thermoplastic Polyurethane    by Types Market: By Country, 2016-2023 

Table 11        RoW Thermoplastic Polyurethane    by Types Market: By Country, 2016-2023 

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LIST OF FIGURES:

FIGURE 1    Global Thermoplastic Polyurethane Market segmentation

FIGURE 2    Forecast Methodology

FIGURE 3    Five Forces Analysis of Global Thermoplastic Polyurethane Market

FIGURE 4    Value Chain of Global Thermoplastic Polyurethane Market

FIGURE 5    Share of Global Thermoplastic Polyurethane    Market in 2016, by country (in %)

FIGURE 6    Global Thermoplastic Polyurethane    Market, 2016-2023

FIGURE 7    Sub-segments of Applications

FIGURE 8    Global Thermoplastic Polyurethane Market size by Application, 2016

FIGURE 9     Share of Global Thermoplastic Polyurethane Market by Application, 2016 to 2023  

FIGURE 10    Global Thermoplastic Polyurethane    Market size by Types, 2016

FIGURE 11    Share of Global Thermoplastic Polyurethane    Market by Types, 2016 to 2023

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