Global thermoplastic polyurethane market is driven by growing demand from automotive and footwear industry across the globe

The global thermoplastic polyurethane market revenue is expected to expand at a lucrative CAGR over the forecast period. Growing demand for thermoplastic polyurethane in various end-use industries is expected to drive revenue growth of the market over the forecast period. Properties of thermoplastic polyurethane such as elasticity and resistance to oil and grease are projected to support revenue growth of the market. However, fluctuating prices of raw materials are expected to restrain revenue growth of the market over the forecast period.

The global thermoplastic polyurethane market report has been segmented on the basis of product, application, and region.

On the basis of product, the global thermoplastic polyurethane market has been segmented into polyester thermoplastic polyurethane, polyether thermoplastic polyurethane, and polycaprolactone thermoplastic polyurethane. The polyether segment is expected to witness steady growth over the forecast period.

On the basis of application, the global thermoplastic polyurethane market has been segmented into automotive, building & construction, aerospace, footwear, furniture, energy, and others (flexible packaging, and medical & healthcare). The footwear segment is expected to witness steady growth rate over the forecast period. Changing fashion trends coupled with growing demand for fancy and comfortable footwear is expected to drive revenue growth of this segment over the forecast period.

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On the basis of region, the global thermoplastic polyurethane market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to grow at a rapid pace over the forecast period. Growing end-use industries such as footwear, automotive, and building & construction are expected to support revenue growth of the market in the region.

Key players operating in the global thermoplastic polyurethane market include BASF SE, Covestro AG, Permali Gloucester Limited, Huntsman Corporation, The Lubrizol Corporation, PAR Group, MH&W International Corp., American Polyfilm Inc., Tosoh Corporation, and Avery Dennison Corporation.

About the Author

Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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