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The objective of the Thermoplastic Polyurethane Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Thermoplastic Polyurethane Market.
Market Insights – The Thermoplastic Polyurethane Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Thermoplastic Polyurethane Market are-
American Polyfilm, Inc.
BASF Polyurethanes GmbH (BASF SE)
Covestro AG
Hexpol AB
Huntsman Corporation
Kuraray Co., Ltd.
The Lubrizol Corporation
Polyone Corporation
Wanhua Chemical Group Co., Ltd.
Headway Polyurethane Co. Ltd.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Thermoplastic Polyurethane Market value and growth drivers over the trend period of 2022-27. According to the report -
Thermoplastic polyurethane market is likely to witness an impressive CAGR of 8.2% during the forecast period. The market has witnessed modest growth in the current years which is anticipated to continue during the forecast period as well. Thermoplastic polyurethane bears properties, such as remarkable abrasion resistance, outstanding low temperature suppleness, and high oil resistance, owing to which it is used in various end-use industries, such as medical, automotive, wires & cables, hose & tubing, engineering, building & construction, and footwear.
Segment Analysis:
Based on Type:
Based on the type, the market is segmented as polyester, polyether, and polycaprolactone. The polyester type segment had a considerable share in the market in 2018, owing to its extensive use in various end-use industries, such as building & construction, automotive, engineering, among others. The polycaprolactone segment is estimated to register the highest growth in the coming five years. The growth is attributed to its extensive application in various end-use industries.
Based on Region:
In terms of regions, Asia-Pacific is expected to dominate the thermoplastic polyurethane market in the coming five years, in terms of both value and volume. It is also estimated to depict the highest growth during the forecast period. China and India are the growth engines of the region. The market is driven by the growing demand for thermoplastic polyurethane in various end-use industries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Critical Questions Answered in the Report
l What are the key trends in the global Thermoplastic Polyurethane Market?
l How the Thermoplastic Polyurethane Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Thermoplastic Polyurethane Market?
l What are the key strategies adopted by the major vendors to lead in the Thermoplastic Polyurethane Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Thermoplastic Polyurethane Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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