Thermoplastic polyurethane (TPU) can be processed through injection molding as well as on extrusion and is highly versatile in nature which results in high resilience, resistance to abrasions, tears and hydrocarbons.
Albany, NY -- (SBWIRE) -- 07/05/2016 -- Thermoplastic polyurethane (TPU) belongs to a class of elastomers, which are thermoplastic in nature. Due to its transparency, oil resistance, and elasticity, TPU finds application in various industries across the globe. Some of the major application segments of the thermoplastic polyurethane market are paints and coatings, adhesives and sealants, and injection molding.
Growth of the global cars and footwear markets is expected to propel the global thermoplastic polyurethane market during the period from 2013 to 2018. Development of biobased alternatives and potential demand for thermoplastic polyurethane from the medical industry will create development opportunities for the global thermoplastic polyurethane market during the forecast period.
The global thermoplastic polyurethane market is broadly segmented on the basis of applications, end use, and geography. Use of thermoplastic polyurethane in applications such as injection molding, extrusion, and adhesives and sealants is expected to shape the growth trajectory of the global thermoplastic polyurethane market.
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The overview section of the global thermoplastic polyurethane market report provides information on the market restraints, drivers, competitive analysis, future opportunities, and new developments. The global thermoplastic polyurethane market report also features market attractiveness analysis, profiles of leading players under a competitive overview, and emerging trends. The report describes technological advancements and changing market trends pertaining to the global thermoplastic polyurethane market. The report also covers a Porter's five forces model, which helps in understanding the prevailing dynamics of the current global market.
Overview of the Thermoplastic Polyurethane (TPU) Market
The global thermoplastic polyurethane market was valued at US$0.9 bn in 2010 and is expected to reach US$1.7 bn by 2018. The global thermoplastic polyurethane market is expected to expand at a 5.50% CAGR during the period from 2013 to 2018.
By geography, the global thermoplastic polyurethane market is divided into Europe, the Middle East, and Africa (EMEA), North America, Asia Pacific, and Rest of the World. The global thermoplastic polyurethane market was dominated by the EMEA region in 2013 and the region is anticipated to sustain its lead until 2018. In terms of revenue, the market in the EMEA region is expected to expand at a 4.90% CAGR by 2018. The Asia Pacific thermoplastic polyurethane market is projected to grow rapidly during the forecast period. Germany leads the thermoplastic polyurethane market in the EMEA region on the basis of revenue. China is the largest market in the Asia Pacific region in terms of volume and is predicted to rise at a 7.80% CAGR during the forecast period.
By end use, the global thermoplastic polyurethane market is divided into automotive, construction, electronics and appliances, and wire and cable. In terms of revenue, the wire and cable segment is projected to expand at a 5.90% CAGR till 2018.
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Growing environmental concerns and instability in the prices of raw materials are major restraints that the global thermoplastic polyurethane market will have to face during the forecast period. However, growth of the global automotive market and the global footwear market will fuel the demand for thermoplastic polyurethane, thereby boosting the global thermoplastic polyurethane market.
Companies mentioned in the research report
Some of the leading players in the global thermoplastic polyurethane (TPU) market are Bayer AG, BASF, Dow Chemicals, Lubrizol, and Huntsman Corporation.
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