Global Thermoplastic Polyurethane Market 2018-2022
About Thermoplastic Polyurethane
Thermoplastic polyurethanes (TPUs) are versatile polymers possessing dual properties. They are soft and processible when exposed to heat but tough and hard at normal temperature conditions. They are produced by reacting raw materials, including diisocyanato, polyols, and diols through reactive extrusion techniques.Technavio’s analysts forecast the global thermoplastic polyurethane market to grow at a CAGR of 6.31% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global thermoplastic polyurethane market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Thermoplastic Polyurethane Market 2018-2022
Technavio recognizes the following companies as the key players in the global thermoplastic polyurethane market: BASF, Covestro, Huntsman International, huafeng group, The Lubrizol Corporation, and Wanhua Chemical Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is upcoming developments in bio-based products. Bio-based TPU is gaining significant traction due to its superior properties such as biodegradability, low density, and recyclability. The customers are attracted to these advantages provided by bio-based TPUs and are replacing their synthetic counterparts in several applications such as household objects, packaging, automobiles, and furniture.”
According to the report, one driver in the market is increasing opportunities in APAC. The growth of automotive industry in APAC is expected to drive the demand for TPU. APAC is likely to register the highest growth in the TPU market during the forecast period due to the rapidly increasing population and rising purchasing power of individuals.
Further, the report states that one challenge in the market is damage to TPU structure caused by moisture. TPU elastomers are hygroscopic in nature, i.e., they absorb moisture when exposed to atmospheric humidity. Aromatic Pus undergo polymerization or depolymerization reactions at an equilibrium rate when processed above 355°F.
AVERY DENNISON CORPORATION
Daoming Optics & Chemical
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook