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Thermoplastic Polyurethane (TPU) Market by Raw Material (Polyols, Diisocyanate, Diols), Type (Polyester, Polyether, Polycaprolactone), End-use industry (Footwear, Industrial Machinery, Automotive, Electronics, Medical), Region - Global Forecast to 2024

  • ID: 4863433
  • Report
  • December 2019
  • Region: Global
  • 163 Pages
  • Markets and Markets
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The TPU market is Projected to Register a CAGR of 7.1%, in Terms of Value, Between 2019 and 2024.

FEATURED COMPANIES

  • Americal Polyfilm
  • Coim
  • Epaflex
  • Huntsman
  • Lubrizol
  • Novotex
  • MORE

The TPU market is projected to register a CAGR of 7.1%, in terms of value, between 2019 and 2024.

The market size of TPU is estimated at USD 2.5 billion in 2019 and is projected to reach USD 3.5 billion by 2024, at a CAGR of 7.1%. The growth of this market is attributed to increasing consumer spending and demand for high-performance materials. There is an increased demand for TPU in automotive and medical applications along with the increased consumer spending in emerging countries of APAC such as China, India, Indonesia, South Korea, and others. However, the high cost of TPU when compared to other conventional materials is restraining the growth of the TPU market. Technological advancements in the manufacturing of different grades of TPU with new properties are, however, providing growth opportunities for TPU manufacturers.

Footwear industry to be the largest consumer of TPU.

Footwear was the largest end-use industry of TPU in 2018. TPU is used to form various parts of footwear, such as upper yarns, midsoles/foam & cushioning, outsoles, eyelets, heel cups, logos, shanks & toe caps. Growing demands for comfort, performance, and durability, are driving the market in the footwear industry

APAC is projected to be the largest TPU market during the forecast period.

The APAC TPU market is projected to register the highest CAGR during the forecast period. The footwear market in APAC is driven by increased consumer spending, strong economic growth, greater disposable incomes, growing awareness of healthy lifestyles, popularity of sports footwear, and a growing sports-driven consumer base. The footwear market in APAC remains strong with the presence of Nike and Adidas in Japan, South Korea, and Taiwan.

This study was validated through primary interviews conducted with various industry experts worldwide. The primary sources were divided into three categories, namely, company type, designation, and region.

  • By Company Type – Tier 1: 25%, Tier 2: 50%, and Tier 3: 25%
  • By Designation - C Level: 35%, Director Level: 25%, and Others: 40%
  • By Region - APAC: 30%, Europe: 25%, North America: 20%, South America: 15%, and the Middle East & Africa: 10%

The report profiles several leading players of the TPU market such as BASF SE (Germany), Lubrizol Corporation (US), Covestro AG (Germany), Huntsman Corporation (US), Wanhua Industrial Group (China), COIM Group (Italy), American Polyfilm Inc. (US), Kuraray Co., Ltd (Japan), and Polyone Corporation (US). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the TPU market.

Research Coverage:
The report offers insights into the TPU market in the key regions. It aims at estimating the size of the TPU market during the forecast period and projects future growth of the market across various segments based on raw material, type, end-use industry, and region. The report also includes an in-depth competitive analysis of the key players in the TPU market, along with company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • The report will help leaders/new entrants in the TPU market by providing them with the closest approximations of revenues for the overall market and its various sub-segments.
  • This report will help stakeholders obtain a better understanding of the competitive landscape and gain insights to enhance their businesses and devise suitable market strategies.
  • The report will also help stakeholders understand the pulse of the market and help acquire information on key market drivers, restraints, challenges, and opportunities affecting the growth of the TPU market.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Americal Polyfilm
  • Coim
  • Epaflex
  • Huntsman
  • Lubrizol
  • Novotex
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondry Data
2.1.2 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary      

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for TPU in Automotive and Medical Industries
5.2.1.2 Replacement of Conventional Materials By TPU
5.2.2 Restraints
5.2.2.1 Higher Cost of TPU When Compared to Other Conventional Materials
5.2.3 Opportunities
5.2.3.1 Replacement of Pvc in Medical Application By TPU
5.2.3.2 Emerging Market for Bio-Based TPU
5.2.4 Challenges
5.2.4.1 Volatility in Raw Material Prices of TPU
5.3 Porter’s Five Forces Analysis
5.3.1 Intensity of Competitive Rivalry
5.3.2 Bargaining Power of Buyers
5.3.3 Bargaining Power of Suppliers
5.3.4 Threat of Substitutes
5.3.5 Threat of New Entrants
5.4 Patent Analysis

6 Thermoplastic Polyurethane Market, By Raw Material (In Terms of USD Million and Kilotons)
6.1 Introduction
6.2 Diisocyanate
6.2.1 Providing Reactivity and Curing Properties to TPU Will Boost the Market
6.3 Polyols
6.3.1 The Properties to Form Soft, Elastic Polymers to Drive the Market
6.4 Diols
6.4.1 Providing Varying Degrees of Toughness to TPU is Driving the Market

7 Thermoplastic Polyurethane Market, By Type (In Terms of USD Million and Kilotons)
7.1 Introduction
7.2 Polyester
7.2.1. Cost Effectiveness and Good Resistance Properties Will Drive the Market
7.3 Polyether
7.3.1. Good Impingement Abrasion Resistance and Good Hydrolytic Stability to Boost the Market
7.4 Polycaprolactone
7.4.1. Inherent Toughness and Good Abrasion Resistance to Spur the Market

8 Thermoplastic Polyurethane Market, By End Use Industry (In Terms of USD Million and Kilotons)
8.1 Introduction
8.2 Footwear
8.2.1 Need for Comfort, Performance, and Durability in Footwear Drives the Market
8.2.2 Shoe
8.2.3 Sole
8.2.4 Slipper
8.3 Industrial Machiery
8.3.1 Good Abrasion Resistance, Impact Strength, High Tear and Tensile Strength Properties for Use in Demanding Situations to Drive the Market
8.3.2 Seals & Gaskets
8.3.3 Belts & Profiles
8.3.4 Wheels & Rollers
8.4 Automotive
8.4.1 High Performance Material Such as TPU and Cfrtp to Boost the Market
8.4.2 Interior Body Parts
8.4.3 Exterior Body Parts
8.5 Medical
8.5.1 Low Temperature Flexibility, Resistance to Microbial Activity and Plasticizer Free TPU to Spur the Market
8.5.2 Catheters
8.5.3 Medical Device Housing
8.5.4 Wound Care Products
8.6 Electronics
8.6.1 Flame Retardant Properties of TPU to Fuel the Market
8.6.2 Wires & Cables
8.6.3 Electronic Devices
8.7 Others
8.7.1 Consumer Goods
8.7.2 Building & Construction
8.7.3 Textile

9 Thermoplastic Polyurethane Market, By Region (In Terms of USD Million and Kilotons)
9.1 Introduction
9.2 North America
9.2.1
9.2.1.1 US
9.2.1.1.1 Presence of Various Manufacturing Sector is Going to Spur the Market
9.2.1.2 Canada
9.2.1.1.2 The Growing Demand for Strong, Light Weight Material in Automotive Manufacturing is Going to Boost the Market
9.2.1.3 Mexico
9.2.1.1.3 The Growing Industries and Increasing Investments is Going to Drive the Market
9.3 Europe
9.3.1
9.3.1.1 Germany
9.3.1.1.1 The Presence of Leading TPU Manufacturers and Automotive Industry, Fuels the Market
9.3.1.2 France
9.3.1.1.2 The Strong Automotive, Industrial Manufacturing, and Chemical Sector, Boosts the Market
9.3.1.3 UK
9.3.1.1.3 The Growing Manufacturing and Healthcare Sector is Going to Spur the Market
9.3.1.4 Italy
9.3.1.1.4 The Growing Domestic Demand and Growing Industrial Sector to Boost the Market
9.3.1.5 Spain
9.3.1.1.5 The Growth in Manufacturing of Automotive, Electronics, and Pharmaceutical to Drive the Market
9.3.1.6 Russia
9.3.1.1.6 Economic Growth With Infrastructural Developments is Going to Fuel The Market
9.3.1.7 Rest of Europe
9.4 Asia-Pacific
9.4.1
9.4.1.1 China
9.4.1.1.1 The Strong Presence of Footwear and Automotive Industry With the Presence of Various TPU Manufacturers is Driving the Market
9.4.1.2 India
9.4.1.2.1 Growth in Footwear Industry Due to Favourable Economic Growth and Rising Population is Fuelling the Market
9.4.1.3 Japan
9.4.1.3.1 The Well-Established Automotive Sector of Japan is Driving the Market
9.4.1.4 South Korea
9.4.1.4.1 Strong Presence of Electronics Industry is Driving the Market
9.4.1.5 Thailand
9.4.1.5.1 Increased Investments of Automotive Manufacturers in Thailand Boost the Market
9.4.1.6 Indonesia
9.4.1.6.1 Growth in the Footwear Industry of Indonesia to Boost the Market
9.4.1.7 Taiwan
9.4.1.7.1 The Strong Presence of Industrial Manufacturing is Driving the Market
9.4.1.8 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Country Market Size
9.5.1.1 Saudi Arabia
9.5.1.1.1 Growing Manufacturing Sector and Diversifying Economy, to Fuel the Market
9.5.1.2 South Africa
9.5.1.2.1 The Presence of Manufacturing Sectors to Boost the Market
9.5.1.4 Rest of Middle East
9.6 South America
9.6.1
9.6.1.1 Brazil
9.6.1.1.1 The Increased Sale of Automobiles, to Boost the Market
9.6.1.2 Argentina
9.6.1.1.1 The Growing Economy and Increasing Demand Will Drive the Market
9.6.1.4 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Players
10.3 Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Scenario
10.4.1 New Product Launch
10.4.2 Investment & Expansion
10.4.3 Merger & Acquisition
10.4.4 Partnership

11 Company Profiles
11.1 BASF
11.2 Lubrizol
11.3 Covestro
11.4 Huntsman
11.5 Wanhua
11.6 Polyone
11.7 Epaflex
11.8 Coim
11.9 Hexpol AB
11.10 Kuraray
11.11 Other Players
11.11.1 Americal Polyfilm
11.11.2 Mitsui Chemicals
11.11.3 Novotex
11.11.4 Statex
11.11.5 Songwon
11.11.6 Taiwan Pu Corporation
11.11.7 Sanyo Corporation

12 Appendix

Note: Product cover images may vary from those shown
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  •  BASF
  •  Lubrizol
  •  Covestro
  •  Huntsman
  •  Wanhua
  •  Polyone
  •  Epaflex
  •  Coim
  •  Hexpol AB
  •  Kuraray
  •  Americal Polyfilm
  •  Mitsui Chemicals
  •  Novotex
  •  Statex
  •  Songwon
  •  Taiwan Pu Corporation
  •  Sanyo Corporation
Note: Product cover images may vary from those shown
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