Global Thermoplastic Polyurethane Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global thermoplastic polyurethane market in its upcoming report titled, “Global Thermoplastic Polyurethane Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global thermoplastic polyurethane market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The thermoplastic polyurethane market report has been segmented on the basis of product, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Thermoplastic polyurethane is an elastomer that can be processed on extrusion as well as blow, injection, and compression molding equipment. Physical properties of thermoplastic polyurethane make it extremely flexible material that can be used in the various end-use application.

On the basis of product type, the polyester segment is expected to hold major revenue share in the global thermoplastic polyurethane market. Oil, heat, and tear resistance properties of polyester is expected to drive segment growth over the forecast period. Moreover, the low cost of polyester thermoplastic polyurethane as compared to other thermoplastic polyurethane is expected to support revenue growth of the segment.

On the basis of application, the automotive segment is estimated to hold major revenue share in the global thermoplastic polyurethane market and is expected to maintain its dominance over the forecast period. Raising demand for lightweight materials in the automotive industry to reduce the overall weight of the vehicle to improve fuel efficiency and performance is expected to drive segment growth over the forecast period.

Asia Pacific market is estimated to hold major revenue share in the global thermoplastic polyurethane market, in 2017 and is expected to maintain its dominance over the forecast period. Growing construction, medical, and energy industries is expected to be a major factor driving the growth of Asia Pacific thermoplastic polyurethane market. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Increasing demand automotive and building & construction industries in China, India, and South Korea are expected to augment market growth in the region. Moreover, the presence of a large number of international and local manufacturers in the region is expected to support Asia Pacific thermoplastic polyurethane market over the forecast period.

Market segmentation and key players operating in the global thermoplastic polyurethane market:

By product:

• Polyester thermoplastic polyurethane
• Polyether thermoplastic polyurethane
• Polycaprolactone thermoplastic polyurethane

By application:

• Automotive
• Building & Construction
• Aerospace
• Footwear
• Furniture
• Energy
• Others (flexible packaging, and medical & health care)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa