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, inject...