Pune, MAharashtra -- (SBWIRE) -- 01/16/2020 -- Global Thermoplastic Polyurethane Market By Type (Polyester, Polyether and Polycaprolactone), Grade (Flame Retardant, Antistatic.

Global Thermoplastic Polyurethane Market is expected to rise from its initial estimated value of USD 1.62 billion in 2018 to an estimated value of USD 3.12 billion by 2026, registering a CAGR of 6.8% in the forecast period of 2019-2026. The high oil resistance of the thermoplastic polyurethane is attributing to the rising demand in the end-use industries.

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High usage of aromatic ketone and fluoropolymers polymers is leading to the increase end-use industries demand which is driving the market for thermoplastic polyurethane.
Biodegradability and recyclability of the thermoplastic polyurethane properties is driving the growth of the market.
Market Restraints:

Hydroscopic nature of the thermoplastic polyurethane is a restrain for the growth of the market.
Price fluctuation of raw materials is another restrain for the growth of thermoplastic polyurethane market.

Market Drivers:

High usage of aromatic ketone and fluoropolymers polymers is leading to the increase end-use industries demand which is driving the market for thermoplastic polyurethane.
Biodegradability and recyclability of the thermoplastic polyurethane properties is driving the growth of the market.

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Market Restraints:

Hydroscopic nature of the thermoplastic polyurethane is a restrain for the growth of the market.
Price fluctuation of raw materials is another restrain for the growth of thermoplastic polyurethane market.
Segmentations: Global Thermoplastic Polyurethane Market
By Type
Polyester
Polyether
Polycaprolactone
Grade
Flame Retardant, Antistatic
Reinforced
Others

By Application

Injection Molding
Extrusion
Adhesives & Sealants
Paints & Coatings
By End-users
Automotive
Construction
Engineering
Footwear
Hose & Tube
Medical
Wire & Cable

By Geography

North America
US.
Canada
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

Key Developments in the Market:

In December 2018, Covestro announced that it has increased stake of joint venture with DIC Covestro Polymer Ltd., a Japanese thermoplastic polyurethane industry by 30%. This is to increase the annual production capacity of the thermoplastic polyurethane.
In November 2017, Huntsman Corporation added thermoplastic polyurethane raw material for the production of footwear. This helped in enhancing the quality and durability of the footwear products.
Competitive Analysis:

The global thermoplastic polyurethane market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thermoplastic polyurethane market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in thermoplastic polyurethane market are: The Lubrizol Corporation, Covestro AG, Huntsman International LLC, Wanhua Chemical Group Co., Ltd., AMERICAN POLYFILM INC., HEXPOL AB, KURARAY CO., LTD., PolyOne Corporation, API, BASF SE, The Dow Chemical Co , CALIFORNIA URETHANE , Honeywell International Inc., Coim Group.

Research Methodology: Global Thermoplastic Polyurethane Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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