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Thermoplastic Polyurethane Market by Type, End-Use Industry, and Region - Global Forecast to 2021

Thermoplastic Polyurethane Market: Global Forecast until 2021

  • March 2017
  • 135 pages
  • ID: 4784298
In this report:
The automotive segment is the fastest-growing end-use industry of TPU, registering a CAGR of ##.##%, in terms of value, between 2016 and 2021.
Medical is projected to be the fastestgrowing end-use industry, registering a CAGR of ##.##%-##.##% between 2016 and 2021.
The market size in Thailand was ##.## kilotons in 2015 and is expected to reach ##.## kilotons by 2021, at a CAGR of ##.##% between 2016 and 2021.


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"Increasing use of thermoplastic polyurethane in the automotive sector is a prime factor for the increase ot the thermoplastic polyurethane market across the world."

The thermoplastic polyurethane market is estimated to grow ~$2.5B by 2021, at a compound annual growth rate of 6.80 percent from 2016 to 2021, in terms of value significance. Increased investments in new automotive manufacturing plants across the world are fueling the increase of the thermoplastic polyurethane market as thermoplastic polyurethane is being increasingly used in manufacturing interior and exterior components, including panels for inner parts of hoods of automobiles, engine parts, and impact absorbers, among others. Higher costs of thermoplastic polyurethane as distinguished to conventional plastics, including polyethylene, polypropylene, polyurethane, and others is anticipated to restraint the rise of the thermoplastic polyurethane market between 2016 and 2021.

"Among types, the polycaprolactone segment of the thermoplastic polyurethane market is expected to increase at the maximal compound annual growth rate (CAGR) between 2016 and 2021."

Among types, the polycaprolactone segment of the thermoplastic polyurethane market

is expected to rise at the highest CAGR (Compound annual growth rate), in terms of quantity and value during the outlook period, 2016 to 2021. Polycaprolactone possesses inherent toughness and resistance of polyester-based thermoplastic polyurethanes, combined with low temperature performance and relatively high resistance to hydrolysis, thereby enabling use of polycaprolactone in hydraulic and pneumatic seal applications.

"Growing demand for thermoplastic polyurethane from varied end-use markets is the main driver for the increase ot the Asia-Pacific thermoplastic polyurethane market."

The Asia-Pacific thermoplastic polyurethane market is expected to grow at the highest compound annual growth rate (CAGR) during the estimate period, in terms of value importance and quantity. High economic increase rate, growth in the number of manufacturing sectors, availability of cheap labor, rise in foreign investments, and increase in use of thermoplastic polyurethane across automotive, engineering, and footwear applications are some of the main factors anticipated to fuel the rise of the Asia-Pacific thermoplastic polyurethane market. Territories, such as china (CN), South Korea (KR), Japan (JP), and India (IN), which are main hubs for production of automotive, are forecast to steer the increase of the Asia-Pacific thermoplastic polyurethane market during the outlook period.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were performed.

The breakdown of primary interviews is presented below:

- By Company Type - Tier 1 - 33.0 percent, Tier 2 - 60.0 percent, and Others - 7.0 percent

- By Designation - C-Level - 56.0 percent, Director Level - 33.0 percent, and Others - 11.0 percent

- By area - North america (NA) - 13.0 percent, Europe - 47.0 percent, Asia-Pacific - 20.0 percent, Middle East & Africa - 13.0 percent, and South America - 7.0 percent

The main companies decribed in this research report are BASF Polyurethanes, The Lubrizol Corporation, Covestro (ETR:1COV), Huntsman (NYSE:UN), and Wanhua Chemical Group Co., Limited, among others.

Segment Research

The thermoplastic polyurethane market has been split on the basis of type, end-use sector, and area. This industry report includes the thermoplastic polyurethane market, in terms of value as well as volume, and forecasts its size until 2021. The analysis also offers company descriptions and competitive landscape approved by the top players in the thermoplastic polyurethane market to enhance their level in the sector.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the thermoplastic polyurethane market comprehensively and offers the best approximations of the revenue data for the global market and sub-segments across several verticals and localities.

2. It will facilitate partners to apprehend the pulse of the sector and offer them with the info on main market drivers, market restraints, opportunities, and alternatives.

3. It will facilitate partners to comprehend their players and obtain business insights to enhance their rank in the business sector. The competitive outlook section includes recent product launches, alliances, and mergers & acquisitions.

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