Stratview Research has published a report on the Thermoplastic Polyurethane Market based on information acquired from reliable sources, qualitative and quantitative research by experts, and insights from industry veterans and key players across the value chain. The report provides a thorough analysis of present and upcoming market trends, market dynamics, factors affecting the industry, and growth strategies. This report also provides an in-depth analysis of the impact of the COVID-19 pandemic on the market.
Market Insights
The thermoplastic polyurethane market size was valued at USD 2.6 billion in 2021 and is likely to grow at a CAGR of 8.07% during 2022-2028 to reach USD 4.51 billion in 2028.
What is thermoplastic polyurethane?
Thermoplastic Polyurethane is a polyurethane plastic form that has some of the common properties such as they are melt-processable and elastic in nature. Later on, it is processed through different options such as compression molding and injection for manufacturing end products such as footwear, wires and cables, and others.
Thermoplastic Polyurethane is known for a number of properties like transparency, elasticity, and resistance to abrasion, grease, and oil. They are widely used in some of the common industries such as engineering, automotive, medical, footwear, wires and cables, building & construction, and others.
Market Dynamics
The market has witnessed modest growth in the current years which is anticipated to continue during the forecast period as well. Thermoplastic polyurethane bears properties, such as remarkable abrasion resistance, outstanding low-temperature suppleness, and high oil resistance, owing to which it is used in various end-use industries, such as medical, automotive, wires & cables, hose & tubing, engineering, building & construction, and footwear.
What you can find in this report –
The report has been compiled by using a variety of analytical methodologies and has analysed data on the key players, market scope, and much more. The researchers at Stratview Research have studied the growth of the top competitors in the Thermoplastic Polyurethane Market.
Key Features: The report covers the revenue, production rate, import/export, supply/demand, market share, CAGR, etc. Furthermore, the research provides in-depth information on current trends, growth drivers, and competition.
Regional Analysis: The present report throws light on the regional analysis of the Thermoplastic Polyurethane Market. The data given can be used to get an idea of trends, patterns, threats or challenges, and many such phenomena. On the basis of region, the report mentions that,
In terms of regions, Asia-Pacific is expected to dominate the thermoplastic polyurethane market in the coming five years, in terms of both value and volume. It is also estimated to depict the highest growth during the forecast period. China and India are the growth engines of the region. The market is driven by the growing demand for thermoplastic polyurethane in various end-use industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Linchpins in the Thermoplastic Polyurethane Market
After a thorough investigation of the market and its players, market experts have listed some key players in the report. Here is the list -
- American Polyfilm, Inc.
- BASF Polyurethanes GmbH (BASF SE)
- Covestro AG
- Hexpol AB
- Huntsman Corporation
- Kuraray Co., Ltd.
- The Lubrizol Corporation
- Polyone Corporation
- Wanhua Chemical Group Co., Ltd.
- Headway Polyurethane Co. Ltd.
Competitive Analysis:
Understanding the strategies of rivalry is critical and Stratview Research does this for its users. This report includes an analysis of the key competitors, the products/services, the differentiators, and market shares, etc.
Critical Questions Answered in the Report
- What are the key trends in the Thermoplastic Polyurethane Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the Thermoplastic Polyurethane Market?
- What is the market share of the top vendors?
Customization of the Report:
This report can be customized to meet the user’s requirements. Stratview research offers custom research services across the sectors.
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