Stratview Research has published a new market research report titled Thermoplastic Polyurethane Market. According to the report, the Thermoplastic Polyurethane Market is Segmented by Raw Material Type (Diisocyante, Polyols, and Diols), by Type (Polyester, Polyether, and Polycaprolactone), by End-Use Industry Type (Footwear, Engineering, Building & Construction, Automotive, Hose & Tubing, Wires & Cables, and Medical), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Stratview Research has concluded that the thermoplastic polyurethane market size was estimated 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.

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.

COVID-19 IMPACT

Thermoplastic polyurethane, a sizeable market, also couldn’t escape the pandemic and witnessed a huge decline as the pandemic largely influenced production. However, the market started to rebound in the year 2021 as assembly plants opened and the supply chain was revived.

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.

Key players

The key players active in the Thermoplastic Polyurethane Market mentioned in the report are as follows -

  • 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.

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FAQs in the Report-

What will be the size of Thermoplastic Polyurethane Market in the foreseeable years?

Who are the key players in the Thermoplastic Polyurethane Market?

Which country/region is expected to at highest rate in the Thermoplastic Polyurethane Market?

Which Application type is expected to remain dominant in the Thermoplastic Polyurethane Market?

What does the supply chain of the Thermoplastic Polyurethane Market comprise of?

Which region is expected to maintain its leading position in the market?

About Stratview Research
Stratview Research is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries. With this report, Stratview Research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or connect with our experts at - +1-313-307-4176.