The thermoplastic polyurethane market trends for the current forecast period show a progressive shift in attention toward creating bio-based goods, which offers the market remarkable features in terms of growth, expansion, and revenue expansion. In addition, the degree of research and development activity has increased. Therefore, the market is estimated to have lucrative growth over he forecasted period.
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The market is segmented based on Europe Thermoplastic Polyurethane (TPU) Market Segmentation, By Raw Material (Diisocyanate, Polyols, Diols, Others), Type (Polyester, Polyether, Polycaprolactone), Application (Extruded Products, Injection Molded Products, Adhesives, Other Applications), End-User (Footwear, Industrial Machinery, Automotive, Electronics, Medical, Consumer Goods, Sports and Leisure, Building and Construction, Textile, Heavy Engineering, Others) – Industry Trends and Forecast to 2031
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The Europe Thermoplastic Polyurethane Market size was valued at USD 794.82 USD Million in 2023.
The Europe Thermoplastic Polyurethane Market is projected to grow at a CAGR of 7.3% during the forecast period of 2024 to 2031.
The major players operating in the market include BASF SE, The Lubrizol Corporation, Covestro AG, HEXPOL AB, Huntsman Internaional LLC, Wanhua, Sanyo Corporation of America, COIM Group, Mitsui Chemicals , Tosoh India Pvt. , American Polyfilm , Kuraray Co. Ltd, AVERY DENNISON CORPORATION, APi GROUP, Kolon Industries, and Avient,.
The market report covers data from the Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe.