Press release
Thermoplastic Polyurethane (TPU) Market Trends, Segmentation, Growth, Analysis and Forecast 2023-2030
The global thermoplastic polyurethane (TPU) market is estimated to exhibit a CAGR of around 7% during the forecast period. Increasing use of TPU in a wide range of end-user industries such as electronics, footwear, industrial machinery, medical, and others has been a major driving factor for the growth of the global TPU industry. Increasing demand for TPU in the manufacturing of automotive interior components such as door panel and instrumental panel tends to further expand the global TPU market size in the near future.
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Increasing preference of consumers for high performance and lightweight passenger cars has been driving plastics innovation in automotive manufacturing. These factors have resulted in an increased consumption of thermoplastics in the automotive industry. Thermoplastics possess superior physical and chemical properties as compared to that of thermoset plastics, and thus, are widely preferred in terms of applications. The high substitution rate of TPU as an alternative to ethylene propylene diene monomer in construction materials further tends to complement the global demand of TPU during the forecast period.
The footwear industry is a major application for TPU and TPU-based adhesive is widely used for shoes joining purpose in the footwear industry. There is an increasing demand for footwear incountries, such as China, and India, which in turn drives the growth of the TPU market. Moreover, owing to the increasing demand for fancy, trendy, and comfortable footwear among all age groups tend to increase the demand for TPU-based adhesive in the footwear industry and hence tend to drive the growth of the overall market.
Apart from footwear, automotive, industrial machinery, electronics, medical, and other industries in which TPU find applications include furniture and textile. In the furniture industry, adhesives and sealants manufactured from TPU are widely adopted in the lamination of plastic films onto kitchen or bathroom furniture applications. The demand for TPU-based adhesives in this industry is owing to the good bonding provided by it to wood and plastics, such as PVC. TPU-based adhesives are also used in the textile industry for making heat-sealable fabrics.
Global TPU Market-Segmentation
By Raw Material
Polyol
Diisocyanate
Diols
By Application
Footwear
Industrial Machinery
Automotive
Electronics
Medical
Others
A full report of Global Thermoplastic Polyurethane (TPU) Market is available at: https://www.omrglobal.com/industry-reports/thermoplastic-polyurethane-tpu-market
Global TPU Market- Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
Company Profiles
BASF SE
Coim Group
Covestro AG
DingZing Advanced Materials Inc.
EpaflexPolyurethanes Spa
Hexpol AB
Huafeng Group
Huntsman International LLC
MH&W International Corp.
Mitsubishi Chemical Corp.
Mitsui Chemicals Inc.
NovotexItaliana SpA
PolyOne Corp.
Sanyo Corp.
Schweitzer-Mauduit International Inc
Reasons to Buying From us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/thermoplastic-polyurethane-tpu-market
Increasing preference of consumers for high performance and lightweight passenger cars has been driving plastics innovation in automotive manufacturing. These factors have resulted in an increased consumption of thermoplastics in the automotive industry. Thermoplastics possess superior physical and chemical properties as compared to that of thermoset plastics, and thus, are widely preferred in terms of applications. The high substitution rate of TPU as an alternative to ethylene propylene diene monomer in construction materials further tends to complement the global demand of TPU during the forecast period.
The footwear industry is a major application for TPU and TPU-based adhesive is widely used for shoes joining purpose in the footwear industry. There is an increasing demand for footwear incountries, such as China, and India, which in turn drives the growth of the TPU market. Moreover, owing to the increasing demand for fancy, trendy, and comfortable footwear among all age groups tend to increase the demand for TPU-based adhesive in the footwear industry and hence tend to drive the growth of the overall market.
Apart from footwear, automotive, industrial machinery, electronics, medical, and other industries in which TPU find applications include furniture and textile. In the furniture industry, adhesives and sealants manufactured from TPU are widely adopted in the lamination of plastic films onto kitchen or bathroom furniture applications. The demand for TPU-based adhesives in this industry is owing to the good bonding provided by it to wood and plastics, such as PVC. TPU-based adhesives are also used in the textile industry for making heat-sealable fabrics.
Global TPU Market-Segmentation
By Raw Material
Polyol
Diisocyanate
Diols
By Application
Footwear
Industrial Machinery
Automotive
Electronics
Medical
Others
A full report of Global Thermoplastic Polyurethane (TPU) Market is available at: https://www.omrglobal.com/industry-reports/thermoplastic-polyurethane-tpu-market
Global TPU Market- Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
Company Profiles
BASF SE
Coim Group
Covestro AG
DingZing Advanced Materials Inc.
EpaflexPolyurethanes Spa
Hexpol AB
Huafeng Group
Huntsman International LLC
MH&W International Corp.
Mitsubishi Chemical Corp.
Mitsui Chemicals Inc.
NovotexItaliana SpA
PolyOne Corp.
Sanyo Corp.
Schweitzer-Mauduit International Inc
Reasons to Buying From us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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