Thermoplastic Polyurethane Market to offer a healthy CAGR of 8.2% during 2020-25
February 17, 2020
Thermoplastic Polyurethane Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Thermoplastic Polyurethane Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/609/thermoplastic-polyurethane-market.html
Thermoplastic Polyurethane Market Segment Insights:
Type: polyester, polyether, and polycaprolactone
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.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/609/thermoplastic-polyurethane-market.html
End-Use Industry Type: footwear, engineering, building & construction and others
Based on the end-use industry type, the market is segmented as footwear, engineering, building & construction, automotive, hose & tubing, wires & cables, and medical. The footwear segment led the market in 2018 in terms of volume, which was subsequently followed by the wires & cables, and the engineering segments. Further, the medical end-use industry segment is estimated to depict the highest growth during the forecast period.
A highly/moderately/fragment consolidated Market
Some of the major players 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., and Headway Polyurethane Co. Ltd.
Region: Asia-Pacific is expected to dominate the thermoplastic polyurethane market
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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