Thermoplastic Polyurethane Market 2024-2028
The thermoplastic polyurethane market is forecasted to grow by USD 945.7 mn during 2023-2028, accelerating at a CAGR of 6.21% during the forecast period. The report on the thermoplastic polyurethane market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing opportunities in automotive industry in apac, superior properties of thermoplastic polyurethane, and recyclability of thermoplastic polyurethane.
Technavio's thermoplastic polyurethane market is segmented as below:
- By Application
- Footwear
- Consumer goods and electronics
- Automotive
- Construction
- Others
- By Product
- Polyester
- Polyether
- Polycaprolactone
- By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the upcoming developments in bio-based products as one of the prime reasons driving the thermoplastic polyurethane market growth during the next few years. Also, expansion of production capacities of thermoplastic polyurethane and growing demand for thermoplastic polyurethane in medical applications will lead to sizable demand in the market.
The report on the thermoplastic polyurethane market covers the following areas:
- Thermoplastic polyurethane market sizing
- Thermoplastic polyurethane market forecast
- Thermoplastic polyurethane market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermoplastic polyurethane market vendors that include API Spa, BASF SE, Avient Corp., COIM Spa, Covestro AG, DIC Corp., Dongsung Corp, Epaflex Polyurethanes Spa, HEXPOL AB, Huntsman Corp., Kolon Industries Inc., Koninklijke DSM NV, KURARAY Co. Ltd., Mitsui Chemicals Inc., Sanyo Corp of America, Songwon Industrial Co. Ltd., Taiwan PU Corp., The Lubrizol Corp., Tosoh Corp., and Wanhua Chemical Group Co. Ltd.. Also, the thermoplastic polyurethane market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.