Market Overview:
The global thermoplastic polyurethane plastics market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for thermoplastic polyurethane plastics from the automotive, construction, and consumer goods industries. In terms of volume, the foam segment is expected to dominate the global thermoplastic polyurethane plastics market during the forecast period. Asia Pacific is expected to be the fastest-growing region in this market during the forecast period.
Product Definition:
Thermoplastic Polyurethane Plastics are a class of synthetic polymer plastics that can be repeatedly softened by the application of heat and hardened again on cooling. They are used in a variety of applications, including automotive components, furniture, and medical devices.
Foam:
Foam is a three-dimensional cellular polymeric material made up of millions of cells that are interconnected to form a network. This network has the ability to be cut, molded, and extruded into any shape or size. Foams can be categorized as closed cell foams and open cell foams based on their structure; however they can also cross-over between both categories depending upon the application requirements.
Elastomer:
Elastomers are polymers with the elasticity of rubber. They can be classified as thermoplastic or thermosetting elastomers. Thermoplastic elastomers (TPEs) have a higher flexibility than thermosetting ones and they can be re-molded after being stretched, unlike rigid plastics such as polystyrene and PVC which cannot be reshaped after being molded.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing automotive industry, especially in China, India and Japan is expected to remain a key driving factor for the global thermo plastics market. In addition, favorable government regulations regarding reduced vehicle weight are anticipated to further propel sales of these products in this sector.
The consumer goods segment occupied a significant share of the overall revenue in 2017 owing to increasing demand for innovative products with enhanced features such as softness, flexibility and durability at an affordable cost. Foam dominated this application segment due to properties such as high density & stiffness ratio along with excellent resistance towards wear & tear which makes it suitable for use as mattress padding or cushioning material among others.
Regional Analysis:
The industry in North America is expected to witness considerable growth over the forecast period owing to increasing demand for PU plastics from various end-use industries such as automotive, construction and consumer goods. The growing use of thermoplastic polyurethane plastics in industrial machinery due to their lightweight characteristics is anticipated to augment market growth over the forecast period.
Asia Pacific was the largest regional market with a revenue share of more than 35% in 2017 on account of high product demand from end-use industries such as automotive, construction and electrical & electronics. Increasing population coupled with rising disposable income will drive product consumption across this region which will result into higher revenue generation for global players operating within Asia Pacific.
Europe also held a significant share followed by Asia Pacific.
Growth Factors:
- Increasing demand from end-use industries: The global thermoplastic polyurethane plastics market is witnessing a significant growth due to the increasing demand from various end-use industries such as automotive, construction, and electrical & electronics.
- Rising awareness about the benefits of thermoplastic polyurethane plastics: The growing awareness about the benefits of using thermoplastic polyurethane plastics is another key factor driving the market growth. These benefits include superior properties such as high impact resistance, abrasion resistance, and chemical resistance.
- Technological advancements in manufacturing processes: The technological advancements in manufacturing processes are also propelling the market growth as it helps in producing high quality products with better performance characteristics. For instance, Injection molding process offers excellent part quality along with short cycle times for small to medium size parts production runs whereas blow molding process can produce large hollow parts with good surface finish and thickness control . 4) Growing popularity of green building practices: Thermoplastic Polyurethane Plastics are gaining popularity among green builders due to their ability to contribute towards LEED certification points for various categories including recycled content (10 points), innovation in design (4 points), regional priority credits (4 points), low-emitting materials (
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoplastic Polyurethane Plastics Market Research Report
By Type
Foam, Elastomer, Others
By Application
Automotive, Consumer Goods, Construction, Others
By Companies
Lubrizol, RTP Company, Covestro, BASF, Epaflex, Huntsman, Shin-Etsu, NewPower, Kuraray, Wanhua, Lubrizol, Guosheng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Thermoplastic Polyurethane Plastics Market Report Segments:
The global Thermoplastic Polyurethane Plastics market is segmented on the basis of:
Types
Foam, Elastomer, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Consumer Goods, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lubrizol
- RTP Company
- Covestro
- BASF
- Epaflex
- Huntsman
- Shin-Etsu
- NewPower
- Kuraray
- Wanhua
- Lubrizol
- Guosheng
Highlights of The Thermoplastic Polyurethane Plastics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Foam
- Elastomer
- Others
- By Application:
- Automotive
- Consumer Goods
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermoplastic Polyurethane Plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermoplastic polyurethane plastics (TPUs) are a type of plastic that is made from a thermoplastic polymer. These plastics are often used in products that need to be flexible, such as phone cases and laptop sleeves. TPUs are also popular for their durability and resistance to heat and water.
Some of the major companies in the thermoplastic polyurethane plastics market are Lubrizol, RTP Company, Covestro, BASF, Epaflex, Huntsman, Shin-Etsu, NewPower, Kuraray, Wanhua, Lubrizol, Guosheng.
The thermoplastic polyurethane plastics market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoplastic Polyurethane Plastics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermoplastic Polyurethane Plastics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoplastic Polyurethane Plastics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermoplastic Polyurethane Plastics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermoplastic Polyurethane Plastics Market Size & Forecast, 2018-2028
4.5.1 Thermoplastic Polyurethane Plastics Market Size and Y-o-Y Growth
4.5.2 Thermoplastic Polyurethane Plastics Market Absolute $ Opportunity
Chapter 5 Global Thermoplastic Polyurethane Plastics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermoplastic Polyurethane Plastics Market Size Forecast by Type
5.2.1 Foam
5.2.2 Elastomer
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermoplastic Polyurethane Plastics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermoplastic Polyurethane Plastics Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Consumer Goods
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoplastic Polyurethane Plastics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermoplastic Polyurethane Plastics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermoplastic Polyurethane Plastics Analysis and Forecast
9.1 Introduction
9.2 North America Thermoplastic Polyurethane Plastics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermoplastic Polyurethane Plastics Market Size Forecast by Type
9.6.1 Foam
9.6.2 Elastomer
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermoplastic Polyurethane Plastics Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Consumer Goods
9.10.3 Construction
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermoplastic Polyurethane Plastics Analysis and Forecast
10.1 Introduction
10.2 Europe Thermoplastic Polyurethane Plastics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermoplastic Polyurethane Plastics Market Size Forecast by Type
10.6.1 Foam
10.6.2 Elastomer
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermoplastic Polyurethane Plastics Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Consumer Goods
10.10.3 Construction
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermoplastic Polyurethane Plastics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermoplastic Polyurethane Plastics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermoplastic Polyurethane Plastics Market Size Forecast by Type
11.6.1 Foam
11.6.2 Elastomer
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermoplastic Polyurethane Plastics Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Consumer Goods
11.10.3 Construction
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermoplastic Polyurethane Plastics Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermoplastic Polyurethane Plastics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermoplastic Polyurethane Plastics Market Size Forecast by Type
12.6.1 Foam
12.6.2 Elastomer
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermoplastic Polyurethane Plastics Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Consumer Goods
12.10.3 Construction
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermoplastic Polyurethane Plastics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermoplastic Polyurethane Plastics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermoplastic Polyurethane Plastics Market Size Forecast by Type
13.6.1 Foam
13.6.2 Elastomer
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermoplastic Polyurethane Plastics Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Consumer Goods
13.10.3 Construction
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermoplastic Polyurethane Plastics Market: Competitive Dashboard
14.2 Global Thermoplastic Polyurethane Plastics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lubrizol
14.3.2 RTP Company
14.3.3 Covestro
14.3.4 BASF
14.3.5 Epaflex
14.3.6 Huntsman
14.3.7 Shin-Etsu
14.3.8 NewPower
14.3.9 Kuraray
14.3.10 Wanhua
14.3.11 Lubrizol
14.3.12 Guosheng
