Market Overview:
The global thermoplastic polyurethane products 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 products from the automotive, construction, and consumer goods industries. In terms of type, the foam segment is expected to lead the global thermoplastic polyurethane products market during the forecast period. This can be attributed to its properties such as high thermal insulation and noise absorption capacity. In terms of application, the automotive segment is expected to lead the global thermoplastic polyurethane products market during the forecast period.
Product Definition:
Thermoplastic Polyurethane (TPU) products are made from a combination of polyester and polyurethane. The resulting material is a thermoplastic, meaning that it becomes soft and malleable when heated and can be molded into different shapes. This quality makes TPU ideal for use in products such as phone cases, shoes, medical braces, and hoses.
Foam:
Foam is a three-dimensional cellular polymeric material, created by the process of polymerization. Foams can be categorized as closed cell foams and open cell foams based on their density levels. The most common types of commercial foam are expanded polystyrene (EPS), expanded polypropylene (EPP), high-density Polyethylene (HDPE) and low density Polyethylene (LDPE).
Elastomer:
Elastomers are polymers with the elasticity of rubber and the resilience of plastic. They can be classified as thermoplastic elastomers (TPEs) or thermosetting elastomers. TPEs are flexible, soft, and resilient; while thermosetting elastomers are hard, rigid, and strong.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Thermoplastic polyurethanes are used as an alternative to thermoset rubbers such as SBR, EPDM, and chlorosulfonated polyethylene. TPUs have better heat resistance properties than other thermoplastics thus making them suitable for use in automotive applications. They also offer good adhesion and compatibility with metals which further aids their penetration into the automotive industry.
The construction sector is estimated to register a CAGR of XX% from 2018 to 2030 owing to increasing demand from emerging economies such as China, India, Brazil etcetera on account of growing urbanization & industrial development coupled with rising per capita income levels among consumers globally will drive product demand in this application segment over the forecast period.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to high demand from end-use industries, such as automotive and construction. The region accounted for a share of more than 30% in 2017 on account of high product penetration in various applications. Increasing consumer disposable income levels and rapid urbanization are also estimated to boost product demand over the coming years.
Asia Pacific is projected to be one of the fastest growing regions with a CAGR exceeding 6% during the forecast period owing to increasing automobile production coupled with rising investments by MNCs in this region. In addition, favorable government initiatives towards infrastructure development are anticipated to drive industry growth over the next eight years.
Growth Factors:
- Increasing demand from the automotive industry for lightweight and fuel-efficient components
- Growing popularity of thermoplastic polyurethane in medical applications due to its biocompatibility and elasticity
- Rising demand for TPU films and sheets in packaging applications as they offer high barrier properties
- Increasing use of TPUs in electrical & electronic equipment owing to their excellent insulation properties
- Growing demand for TPUs from the construction sector for manufacturing window profiles, door frames, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoplastic Polyurethane Products 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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Thermoplastic Polyurethane Products Market Report Segments:
The global Thermoplastic Polyurethane Products 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 Products 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 Products 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 products are a type of plastic that is made from a thermoset polymer and an elastomer. The thermoset polymer forms the backbone of the product, while the elastomer provides flexibility and durability. This combination makes thermoplastic polyurethane products strong, flexible, and resistant to heat, water, and other chemicals.
Some of the key players operating in the thermoplastic polyurethane products market are Lubrizol, RTP Company, Covestro, BASF, Epaflex, Huntsman, Shin-Etsu, NewPower, Kuraray, Wanhua, Lubrizol, Guosheng.
The thermoplastic polyurethane products market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoplastic Polyurethane Products 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 Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoplastic Polyurethane Products 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 Products 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 Products Market Size & Forecast, 2018-2028
4.5.1 Thermoplastic Polyurethane Products Market Size and Y-o-Y Growth
4.5.2 Thermoplastic Polyurethane Products Market Absolute $ Opportunity
Chapter 5 Global Thermoplastic Polyurethane Products 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 Products 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 Products 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 Products 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 Products 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 Products 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 Products Analysis and Forecast
9.1 Introduction
9.2 North America Thermoplastic Polyurethane Products 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 Products 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 Products 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 Products Analysis and Forecast
10.1 Introduction
10.2 Europe Thermoplastic Polyurethane Products 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 Products 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 Products 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 Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermoplastic Polyurethane Products 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 Products 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 Products 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 Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermoplastic Polyurethane Products 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 Products 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 Products 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 Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermoplastic Polyurethane Products 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 Products 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 Products 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 Products Market: Competitive Dashboard
14.2 Global Thermoplastic Polyurethane Products 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
