Global Thermoplastic Polyurethane (TPU) Market is Expected to Cross USD 1,746.9 Million in 2018: Transparency Market Research
According to a new market report published by Transparency Market Research "Thermoplastic Polyurethane (TPU) Market- Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," the global thermoplastic polyurethane (TPU) demand was worth USD 987.2 million in 2010 and is expected to reach USD 1,746.9 million in 2018, growing at a CAGR of over 5.5% from 2013 to 2018. EMEA (Europe,Middle East and Africa) dominates the global market in terms of demand, although Asia Pacific is expected to be the most promising market in the near future.
The global market for thermoplastic polyurethane is mainly driven by the growth in the global footwear and cars market. However, due to volatility in raw material prices and increasing environmental concerns the market is being restrained.
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The TPU market by application in terms of volume and revenue is dominated by extrusion. Extrusion market by volume is growing at a CAGR of 5.1% from 2013 to 2018.Following extrusion, the market for injection molding and adhesive and sealants is also witnessing significant growth. In terms of revenue, the market of extrusion is growing at a CAGR of 5.7% from 2013 to 2018.
With respect to end use, TPU is widely used in wire and cable, hose and tubing and automotive sectors. Wire and cable dominates the market in terms of revenue and volume followed by hose and tubing and automotive. The automotive sector occupies the largest market share in the TPU market and the growth is primarily driven by the expansion of the global automobiles market where TPU is being used to manufacture interior design products for automobiles including dash boards. In terms of revenue the market for wire and cable is growing at a CAGR of 5.9% from 2013 to 2018.
EMEA is the market leader for TPU, growing at a CAGR of 4.9% from 2013 to 2018 in terms of revenue. But in future, growth is expected to be robust in the market of Asia Pacific. In EMEA, Germany dominates the market for TPU in terms of revenue and volume followed by U.K and Italy. In Asia Pacific, China is the most attractive market growing at a CAGR of 7.8% from 2013 to 2018 in terms of volume. The markets of RoW are also showing huge signs of growth.
Some of the key players of the market are Bayers AG, BASF, Huntsman Corporation, Nippon Polyurethane, LUBRIZOL, and Yantai Wanhua Polyurethane Co., Ltd.
This research is specially designed to estimate and analyze the demand and performance of TPU in a global scenario. The research provides in-depth analysis of TPU manufacturers, product sales, and trend analysis by segments and demand by geography. The report covers all the major product segments of the TPU market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the TPU market as below:
- Global TPU market, by applications
- Injection molding
- Adhesives and Sealants
- Paints and Coatings
- Global TPU market, by end use
- Electronics and Appliances
- Hose and Tubing
- Wire and Cable
- Others ( Industrial insulation, CASE and so on)
In addition the report provides a cross-sectional analysis of all the above segments with respect to the following geographical markets:
- North America
- United Kingdom
- South Korea
- Rest of the World (RoW)
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