Thermoplastic Polyurethane Industry Driven by Extensive Growth of Global Automotive and Footwear Industries
According to a recent publication by Transparency
Market Research (TMR), the global thermoplastic polyurethane (TPU) industry is
expected to grow at a 5.5% CAGR during the period of 2013-2018, reaching
US$1,746.9 million by the end of the forecast period. The global TPU market stood
at US$987.2 million in 2010.The research report, titled “Thermoplastic
Polyurethane (TPU) Market - Global Industry Analysis, Market Size, Share,
Trends, Analysis, Growth and Forecast, 2012 - 2018”, states that the global
market for TPU is stimulated by the extensive development of the global
footwear and automotive industries.
Thermoplastic polyurethane, or TPU, belongs
to a class of elastomers completely thermoplastic in nature and possesses in
abundance the distinguishing characteristics of elastomers such as elasticity
and process ability on melting. Due to its elasticity, transparency, and oil
resistance, TPU is employed on a large scale in various industry verticals.
Paints and coatings, injection molding, adhesives and sealants, and extrusion
are the major applications for TPU. In terms of volume produced and revenue
generated, the TPU industry is headed by the application segment of extrusion.
By volume, this market is expected to grow at a CAGR of 5.1% during the
forecast period. In addition to this, the market for injection molding and the
adhesive and sealants industry is also going through a significant phase of
growth. In terms of revenue, the extrusion industry is developing at a CAGR of
5.7% during the forecast period.
Get the PDF Brochure for
more Professional and Technical industry insights @:
Thermoplastic polyurethane finds its
application in end-use industries such as construction, automotive, wire and
cable, electronics and appliances, footwear, hose and tubing, and others such
as industrial insulation, and CASE. The wire and cable industry leads the
global market in terms of volume and revenue. Based on the revenue generated,
the wire and cable market is expected to grow at a CAGR of 5.9% during the
forecast period. The expansion of the global automotive industry is also
driving the TPU industry significantly.
The global TPU industry is spread across
various regional markets such as North America; Europe, the Middle East, and
Africa; Asia Pacific; and Rest of the World. The EMEA region dominates the
global TPU market. In terms of the revenue generated, the market in this region
is expanding at the highest CAGR of all regional markets during the forecast
period – 4.9%. The TPU market in Asia Pacific is also expected to report
significant growth during the forecast period.
Browse Market Research
Report & Analysis:
In the EMEA region, Germany leads the TPU
industry on the basis of revenue generated and volume produced. The markets for
TPU in the U.K and Italy stand second and third, respectively. In the TPU
industry in Asia Pacific, China is the largest market in terms of volume
produced. This market is expected to expand at a CAGR of 7.8% during the
forecast period. The markets for TPU in the Rest of the World segment are also
exhibiting enormous potential for growth.
Bayer AG, Huntsman Corporation, BASF, Dow Chemicals,
Merquinsa, Nippon Polyurethane, Yantai Wanhua Polyurethane Co., Ltd, and
Lubrizol are the major players of the global market for thermoplastic
polyurethane.
About Us
Transparency Market Research (TMR) is a
global market intelligence company providing business information reports and
services. The company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather and
analyses information.
TMR’s data repository is continuously
updated and revised by a team of research experts so that it always reflects
the latest trends and information. With extensive research and analysis
capabilities, Transparency Market Research employs rigorous primary and
secondary research techniques to develop distinctive data sets and research
material for business reports.
Comments
Post a Comment