Press release
Key Insights on Competitive Landscape in Global Thermoplastic Polyurethane Market: Ken Research
Few Global Players Dominate the Market despite the Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Thermoplastic Polyurethane Market by Ken Research
Thermoplastic Polyurethane is an elastomer that can be processed using various conventional methods such as injection molding, extrusion, and compression molding. Thermoplastic Polyurethane (TPU) has the characteristics of both plastic and rubber and thus exhibits properties like durability, flexibility as well as excellent tensile strength. It is a type of block copolymer consisting of alternating sequences of hard and soft segments that makes it ideal to be used for applications such as footwear, wire and cable, film and sheet, compounding, adhesives, and specialty molded parts.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Global Players Constitute ~20% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~50% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Thermoplastic Polyurethane Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players. The country-niche players comprise about ~50% in terms of the number of companies followed by regional players with ~30% of the total competitors. All the players are manufacturing thermoplastic polyurethane by incorporating any or all of the raw materials such as polyols, diisocyanate, and diols. Majority of the companies are involved in making extruded thermoplastic polyurethane (TPU) polyester products for various end-use industries such as footwear, automotive, construction, aerospace, energy & power, medicals, and others.
Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY4
The Increasing Demand for Thermoplastic Polyurethane Products in the Automotive and Footwear Sector is expected to be the Primary Driver of the Market
Detailed comparative analysis of key competitors available within the Research Study shows that major players such as 3M, BASF SE, Huntsman International LLC, KURARAY CO., LTD., and others are highly focused on providing a significant number of Thermoplastic Polyurethane products that can be used across multiple end-user industries, including healthcare, food packaging, electrical & electronics, automotive, construction, footwear, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players for the development of techniques used in the manufacture of Thermoplastic Polyurethane plastic materials.
In September 2022, Novoloop, a leading player in plastic circularity, announced its partnership with the Swiss sports brand, On. The company manufactured the world's first chemically upcycled TPU, featured as the outsole for On's newest carbon capture consortium shoe, Cloudprime.
In March 2020, The Lubrizol Corporation extended its Thermoplastic Polyurethane line in its Songjiang (Shanghai) China plant. With this product line enlargement, the company built its presence strong in the Asia Pacific region by fulfilling the high demand for specialty elastomers.
In October 2021, Covestro AG expanded its portfolio of circular TPU products, manufactured with ISCC Plus-certified mass-balanced TPU grades. The new products are produced using renewable or bio-based raw materials and have a reduced carbon footprint in comparison to their fossil-based counterparts.
Increased Government Initiatives and New Strategical Investments in the Polymers Industry Promoted Sustainable Plastics Products Which Led to Major Industry-Wide Developments, Acquisitions, and Product developments in the industry.
The Governments of many developed countries are committed to achieving zero plastic waste by establishing recycled content standards that drive the demand for recycled plastic, including thermoplastic polyurethane products. For instance,
In May 2021, the U.S. Department of Energy (DOE) invested US$ 14.5 million for research and development related to the recycling of single-use plastics. The project helped the region in developing viable solutions for designing plastics that are more recyclable and biodegradable.
In February 2022, the Ministry of Environment and Climate Change in Canada developed a set of new regulations stating minimum percentage requirements of recycled content for items made of plastic. The strategy works in collaboration with governments of different provinces and territories and imposes regulations on plastic manufacturers for the production of new plastic products.
Various leading players are developing new thermoplastic polyurethanes products that can be used in various end-use industries. For instance,
In November 2021, APS Elastomers, a thermoplastic elastomers supplier expanded its portfolio by partnering with an Italy-based thermoplastic polyurethanes manufacturer, Epaflex Polyurethanes Spa. The company included extrusion-based series, Epaline TPUs in its portfolio of products.
In April 2019, Adidas introduced the Futurecraft Loop design, running shoes made from 100% recyclable TPU. The company manufactured its shoes with TPU Boost cushioning technology.
Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY4
Key Topics Covered in the Report
Snapshot of Global Thermoplastic Polyurethane Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Thermoplastic Polyurethane Market
Historic Growth of Overall Global Thermoplastic Polyurethane Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Global Thermoplastic Polyurethane Industry
Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
Covid-19 Impact on the Overall Global Thermoplastic Polyurethane Market
Future Market Forecast and Growth Rates of the Total Global Thermoplastic Polyurethane Market and Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Global Thermoplastic Polyurethane Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region
Notable Major Companies Mentioned in the Report
3M
BASF SE
Coim Group
Covestro AG
Huntsman International LLC
KURARAY CO., LTD.
Tosoh Corporation
Sumei Chemical Co. Ltd
The Lubrizol Corporation
Epaflex Polyurethanes Spa
Notable Emerging Companies Mentioned in the Report
Omni Technologies
Foster Polymer Distribution
H.B. Fuller Company
Kent Elastomer Products
SHANDONG INOV POLYURETHANE CO., LTD.
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
Thermoplastic Polyurethane Manufacturers
Thermoplastic Polyurethane Suppliers
Polyurethane Manufacturers
Polyols Suppliers
Diisocyanate Suppliers
Diols Suppliers
Thermoplastic Polyurethane Distributors
Emerging and Startup Thermoplastic Polyurethane Companies in the Market
Different Types of Thermoplastic Polyurethane Institutes
Government Ministries and Departments of Chemicals and Polymers
Importers and Distributors of Thermoplastic Polyurethane
Environmental Regulatory Authorities
Investment Banks and PE Firms focused on Chemicals Sector
Potential Entrants into Thermoplastic Polyurethane Industry
Period Captured in the Report
Historical Period: 2017-2021
Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: -
https://www.kenresearch.com/business-research/global-thermoplastic-polyurethane-market-outlook-2028/
Follow Us
https://www.linkedin.com/company/2775089/admin/
https://www.instagram.com/kenresearch/
https://www.facebook.com/kenresearch
https://twitter.com/KenResearch
https://www.youtube.com/c/KenResearchKen
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
Thermoplastic Polyurethane is an elastomer that can be processed using various conventional methods such as injection molding, extrusion, and compression molding. Thermoplastic Polyurethane (TPU) has the characteristics of both plastic and rubber and thus exhibits properties like durability, flexibility as well as excellent tensile strength. It is a type of block copolymer consisting of alternating sequences of hard and soft segments that makes it ideal to be used for applications such as footwear, wire and cable, film and sheet, compounding, adhesives, and specialty molded parts.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Global Players Constitute ~20% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~50% of Total Competitors.
A comprehensive competitive analysis conducted during the Research Study found that the Global Thermoplastic Polyurethane Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players. The country-niche players comprise about ~50% in terms of the number of companies followed by regional players with ~30% of the total competitors. All the players are manufacturing thermoplastic polyurethane by incorporating any or all of the raw materials such as polyols, diisocyanate, and diols. Majority of the companies are involved in making extruded thermoplastic polyurethane (TPU) polyester products for various end-use industries such as footwear, automotive, construction, aerospace, energy & power, medicals, and others.
Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY4
The Increasing Demand for Thermoplastic Polyurethane Products in the Automotive and Footwear Sector is expected to be the Primary Driver of the Market
Detailed comparative analysis of key competitors available within the Research Study shows that major players such as 3M, BASF SE, Huntsman International LLC, KURARAY CO., LTD., and others are highly focused on providing a significant number of Thermoplastic Polyurethane products that can be used across multiple end-user industries, including healthcare, food packaging, electrical & electronics, automotive, construction, footwear, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players for the development of techniques used in the manufacture of Thermoplastic Polyurethane plastic materials.
In September 2022, Novoloop, a leading player in plastic circularity, announced its partnership with the Swiss sports brand, On. The company manufactured the world's first chemically upcycled TPU, featured as the outsole for On's newest carbon capture consortium shoe, Cloudprime.
In March 2020, The Lubrizol Corporation extended its Thermoplastic Polyurethane line in its Songjiang (Shanghai) China plant. With this product line enlargement, the company built its presence strong in the Asia Pacific region by fulfilling the high demand for specialty elastomers.
In October 2021, Covestro AG expanded its portfolio of circular TPU products, manufactured with ISCC Plus-certified mass-balanced TPU grades. The new products are produced using renewable or bio-based raw materials and have a reduced carbon footprint in comparison to their fossil-based counterparts.
Increased Government Initiatives and New Strategical Investments in the Polymers Industry Promoted Sustainable Plastics Products Which Led to Major Industry-Wide Developments, Acquisitions, and Product developments in the industry.
The Governments of many developed countries are committed to achieving zero plastic waste by establishing recycled content standards that drive the demand for recycled plastic, including thermoplastic polyurethane products. For instance,
In May 2021, the U.S. Department of Energy (DOE) invested US$ 14.5 million for research and development related to the recycling of single-use plastics. The project helped the region in developing viable solutions for designing plastics that are more recyclable and biodegradable.
In February 2022, the Ministry of Environment and Climate Change in Canada developed a set of new regulations stating minimum percentage requirements of recycled content for items made of plastic. The strategy works in collaboration with governments of different provinces and territories and imposes regulations on plastic manufacturers for the production of new plastic products.
Various leading players are developing new thermoplastic polyurethanes products that can be used in various end-use industries. For instance,
In November 2021, APS Elastomers, a thermoplastic elastomers supplier expanded its portfolio by partnering with an Italy-based thermoplastic polyurethanes manufacturer, Epaflex Polyurethanes Spa. The company included extrusion-based series, Epaline TPUs in its portfolio of products.
In April 2019, Adidas introduced the Futurecraft Loop design, running shoes made from 100% recyclable TPU. The company manufactured its shoes with TPU Boost cushioning technology.
Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY4
Key Topics Covered in the Report
Snapshot of Global Thermoplastic Polyurethane Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Thermoplastic Polyurethane Market
Historic Growth of Overall Global Thermoplastic Polyurethane Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of Global Thermoplastic Polyurethane Industry
Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
Covid-19 Impact on the Overall Global Thermoplastic Polyurethane Market
Future Market Forecast and Growth Rates of the Total Global Thermoplastic Polyurethane Market and Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Global Thermoplastic Polyurethane Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region
Notable Major Companies Mentioned in the Report
3M
BASF SE
Coim Group
Covestro AG
Huntsman International LLC
KURARAY CO., LTD.
Tosoh Corporation
Sumei Chemical Co. Ltd
The Lubrizol Corporation
Epaflex Polyurethanes Spa
Notable Emerging Companies Mentioned in the Report
Omni Technologies
Foster Polymer Distribution
H.B. Fuller Company
Kent Elastomer Products
SHANDONG INOV POLYURETHANE CO., LTD.
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
Thermoplastic Polyurethane Manufacturers
Thermoplastic Polyurethane Suppliers
Polyurethane Manufacturers
Polyols Suppliers
Diisocyanate Suppliers
Diols Suppliers
Thermoplastic Polyurethane Distributors
Emerging and Startup Thermoplastic Polyurethane Companies in the Market
Different Types of Thermoplastic Polyurethane Institutes
Government Ministries and Departments of Chemicals and Polymers
Importers and Distributors of Thermoplastic Polyurethane
Environmental Regulatory Authorities
Investment Banks and PE Firms focused on Chemicals Sector
Potential Entrants into Thermoplastic Polyurethane Industry
Period Captured in the Report
Historical Period: 2017-2021
Forecast Period: 2022E-2028F
For More Information on the Research Report, refer to below links: -
https://www.kenresearch.com/business-research/global-thermoplastic-polyurethane-market-outlook-2028/
Follow Us
https://www.linkedin.com/company/2775089/admin/
https://www.instagram.com/kenresearch/
https://www.facebook.com/kenresearch
https://twitter.com/KenResearch
https://www.youtube.com/c/KenResearchKen
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
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