Global Expanded Thermoplastic Polyurethane Market, By Application (Vehicle Construction, Sports and Leisure, Shoes Manufacturing), End-Use Industry (Leather & Allied Products Manufacturing, Automotive), Raw Material (Diisocyanate, Polyols, Diols, Others), Type (Polyester, Polyether, Polycaprolactone), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Expanded Thermoplastic Polyurethane Market Analysis and Insights
Expanded thermoplastic polyurethane market will grow at a rate of 3.50% for the forecast period of 2021 to 2028. Growing demand for TPU in automotive and medical industries is a vital factor driving the growth of expanded thermoplastic polyurethane market.
Expanded thermoplastic polyurethane is defined as a polymeric foam with closed-cell structure that has excellent shock absorbing property and is primarily used in the footwear industry. Thermoplastic polyurethane is extensively used across construction, automotive, aerospace and medical industry for numerous applications due to its properties such as transparency, elasticity, and resistance to oil, grease, and abrasion.
Rising replacement of conventional materials by TPU is the vital factor escalating the market growth, also growing automotive industry, increasing growth in sales of sports and leisure goods due to the growing influence of global sport events, increasing per capita disposable income, rapid urbanization, and economic growth across the globe, rising air passenger traffic, growing tour and travel industry, and increasing affluent population, thus increases the demand for the product in the aerospace industry which collectively acts as the major factors among others driving the expanded thermoplastic polyurethane market. Moreover, rising replacement of Pvc in medical application by TPU, rising emerging market for bio-based TPU, rising research and development activities in the market and increasing technological advancements and modernization in the production techniques will further create new opportunities for the expanded thermoplastic polyurethane market in the forecast period of 2021- 2028.
However, increased cost of TPU when compared to other conventional materials is the major factors among others acting as restraints, while rising volatility in raw material prices of TPU will further challenge the growth of expanded thermoplastic polyurethane market in the forecast period mentioned above.
This expanded thermoplastic polyurethane market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on expanded thermoplastic polyurethane market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Expanded Thermoplastic Polyurethane Market Scope and Market Size
Expanded thermoplastic polyurethane market is segmented on the basis of application, end-use industry, raw material and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the expanded thermoplastic polyurethane market is segmented into vehicle construction, sports and leisure and shoes manufacturing.
- On the basis of end-use industry, the expanded thermoplastic polyurethane market is segmented into leather & allied products manufacturing and automotive.
- Based on raw material, the expanded thermoplastic polyurethane market is segmented into diisocyanate, polyols, diols and others.
- The expanded thermoplastic polyurethane market is also segmented on the basis of type into polyester, polyether and polycaprolactone.
Expanded Thermoplastic Polyurethane Market Country Level Analysis
Expanded thermoplastic polyurethane market is analysed and market size, volume information is provided by country, application, end-use industry, raw material and type as referenced above.
The countries covered in the expanded thermoplastic polyurethane market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the expanded thermoplastic polyurethane market due to rising government policies favoring different industries coupled with the expansion of the medical, automotive, and construction sectors, increasing consumer disposable income levels and increased demand from industries, such as railway, building & construction, aerospace, and energy in this region. North America is the expected region in terms of growth in expanded thermoplastic polyurethane market due to rising presence of medium- and large-scale aerospace and component manufacturers and increasing agriculture production in this region.
The country section of the expanded thermoplastic polyurethane market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Expanded Thermoplastic Polyurethane Market Share Analysis
Expanded thermoplastic polyurethane market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to expanded thermoplastic polyurethane market.
The major players covered in the expanded thermoplastic polyurethane market report are KURARAY CO., LTD., BASF SE, The Lubrizol Corporation, Covestro AG, API, Taiwan PU Corporation, Statex, Novotex Italiana S.p.A., AMERICAN POLYFILM, INC., Coim Group, Mitsui Chemicals, Inc., SANYO TRADING CO., LTD, Huntsman International LLC, Wanhua Chemical Group Co.,Ltd., Avient Corporation, HEXPOL AB, SONGWON, AVERY DENNISON CORPORATION, Tosoh Corporation, and Kolon Industries, Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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