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Global Thermoplastic Polyurethane (TPU) Market - Segmented by Application, End-user Industry and Geography - Growth, Trends and Forecast (2018 - 2023)

Global Thermoplastic Polyurethane (TPU) Market - Segmented by Application, End-user Industry and Geography - Growth, Trends and Forecast (2018 - 2023)

The global thermoplastic polyurethane (TPU) market is expected to witness a CAGR of 3.36% during the forecast period, 2018 to 2023. In 2017, in terms of volume, Asia-Pacific dominated the TPU market, holding a share of more than 60%, owing to the rising demand for automobiles and construction of buildings in the region.

Rising Demand from Medical Industry

TPU belongs to a class of thermoplastic elastomers that are long-chain linear polymers, which allow the polyurethane to be melted to form parts and then the parts are solidified. The usage of TPU in medical applications is consistently increasing, owing to its high-performance characteristics, resistance to chemicals and oils, improved mechanical properties, and enhanced durability. Melt-processable polyurethanes are used to make catheters, such as central-venous access catheters, over-the-needle IV catheters and multi-lumen catheters. They are also used in wound dressing, owing to their versatile nature. TPU wound-dressing films are used to cover the wound and restrict the entry of bacteria and fluids, but allow moisture to permeate. Owing to improved biocompatibility, hydrolytic stability, biostability, abrasion resistance, elasticity, high rigidity and strength, chemical resistance, and excellent mechanical properties, TPU is used in numerous other healthcare and medical applications.

Footwear Industry to Dominate the Global TPU Market

TPUs can be made into fine threads, and can be combined with nylon to make more lightweight, stretchable garments. Because of these techniques, manufacturers can make a broad range of foot wear. Furthermore, TPU has been considered as an efficient replacement of rubber and other resins used in footwear industry, owing to its high elasticity & resilience, high tensile strength, and high tear strength compared to the traditionally used rubber. Various grades of TPU can provide a range of hardness to deliver the required amount of friction and flexibility. A rise in the net income of people in regions of Asia-Pacific, such as China and India, is expected to provide huge opportunities for the market to grow during the forecast period.

TPU Market to Expand at a Fastest Rate in India

The construction sector in India is growing at higher rate with urbanization projects and new construction activities, such as bridges, dams, roads, railways (metro rails), urban infrastructures, buildings, etc. Around 100% FDI in the construction sector has also helped the industry to grow, which is expected to grow further at higher rate, with increasing population, during the forecast period. The housing sector has witnessed a healthy growth in the near past, which, in turn, has increased the consumption of TPU in the construction industry. Heavy engineering is the other major end user. There are many industrial units in the country, which will increase the consumption of TPU market. Moreover, the Indian footwear industry holds an important place in the country’s economy as it provides employment and foreign earnings due to export. This industry is highly fragmented with almost 15,000 medium and small industries operating in organized and unorganized segments, therefore, driving the TPU market.

Key Developments in the Market

November 2017: Covestro to expand its TPU production facility in North America by 25% and is likely to come into operation by second quarter of 2018

Major Players: Covestro, Lubrizol, Huntsman Corp., BASF, Hexpol, and Huntsman, among others

Reasons to Purchase the Report

Current and future of TPU market in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

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1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Extensive Demand from Automobile Industry
4.1.2 Increasing Applications in Medical Industry
4.1.3 Environment-friendly and Recyclable
4.2 Restraints
4.3 Opportunities
4.3.1 Shifting Focus Toward The Development of Bio-based Products
4.3.2 Increasing Research and Development Activities
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Application
5.1.1 Extruded Products
5.1.2 Injection Molded Products
5.1.3 Paints & Coatings
5.1.4 Adhesives & Sealants
5.2 By End-user Industry
5.2.1 Construction
5.2.2 Automobile
5.2.3 Footwear
5.2.4 Medical
5.2.5 Electrical & Electronics
5.2.6 Heavy Engineering
5.2.7 Others
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 Australia & New Zealand
6.1.5 South Korea
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 France
6.3.4 Italy
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 UAE
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Api S.P.A.
8.2 Argotec
8.3 American Polyfilm Inc.
8.4 Austin Novel Materials
8.5 Bailey-Parks Urethane Inc.
8.6 Basf Polyurethanes Gmbh
8.7 Covestro – Bayer Material Science
8.8 Coim
8.9 Dow Polyurethane
8.10 Ding-Zing Chemical Products Co. Ltd
8.11 Hexpol Rubber Compounding
8.12 Huafon Group
8.13 Huntsman Corp.
8.14 Kuraray Co. Ltd
8.15 Lubrizol Corp.
8.16 Miracll Chemicals Ltd
8.17 Polyone Corporation
8.18 Sumei Chemical Co. Ltd
8.19 Walton Plastics, Inc.
8.20 Wanhua Chemical Group Co. Ltd
9. Disclaimer
**Subject to Availability on Public Domain

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