Global Thermoplastic Polyurethane Materials Market Overview:
Thermoplastic polyurethane is a type of polyurethane plastics with a variety of characteristics, such as transparency, flexibility, and resistance to abrasion, grease, and oils. Technically speaking, they are linear segmented block copolymers with hard and soft segments that are thermoplastic elastomers. The market is expanding primarily as a result of the rising demand for high-performance materials. Innovation and development have been fuelled by a growing population and end-use industries. The market is expected to be driven by high growth, innovation, industry consolidations, and new products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Development of Bio-based Plastics and Stringent Regulations on Plastic production
Market Growth Drivers:
Growing Demand for Thermoplastic Polyurethane in Automotive, Medical and Footwear Industries and Replacement of Conventional Materials by Thermoplastic Polyurethane
Challenges:
Volatility in Raw Material Prices of Thermoplastic Polyurethane
Restraints:
Higher Cost of TPU When Compared to Other Conventional Materials
Opportunities:
Replacement of PVC in Medical Application by Thermoplastic Polyurethane and Emerging Market for Bio-Based Thermoplastic Polyurethane
Competitive Landscape:
Global Thermoplastic Polyurethane Materials is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are BASF SE (Germany), Lubrizol Corporation (United States), Covestro AG (Germany), Huntsman Corporation (United States), Wanhua Industrial Group (China), COIM Group (Italy), American Polyfilm Inc (United States), Kuraray Co., Ltd (Japan) and Polyone Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like Americal Polyfilm (United States), Mitsui Chemicals (Japan), Novotex (Algeria), Statex (India), Songwon (South Korea), Taiwan Pu Corporation (United States) and Sanyo Corporation (Japan). Considering Market by Raw Material, the sub-segment i.e. Diols will boost the Thermoplastic Polyurethane Materials market. Considering Market by End User, the sub-segment i.e. Medical will boost the Thermoplastic Polyurethane Materials market.
Latest Market Insights:
In December 2021, Mitsui Chemicals, Inc. had agreed to acquire all the shares in Japan Medical Dynamic Marketing, Inc. The business and capital alliance with Japan MDM will be the great starting point for Mitsui Chemicals to achieve its goal in contributing to peoples better lives.
In October 2021, Covestro (Germany) discloses the development of its Desmopan 7000 thermoplastic polyurethane (TPU) to meet the demand for materials that facilitate and ensure high transmission rates for 5G signals, a technology that, compared to the previous 4G standard, enables higher network speeds, shorter data runtimes (latency), lower power consumption and more stable connections.
What Can be Explored with the Thermoplastic Polyurethane Materials Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Thermoplastic Polyurethane Materials Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Thermoplastic Polyurethane Materials
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Thermoplastic Polyurethane Materials market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Thermoplastic Polyurethane Materials market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Thermoplastic Polyurethane Materials Manufacturers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.