Pune, India -- (SBWire) -- 07/16/2018 --Analyze by Thermoplastic Polyurethane Market Research report gives details of Thermoplastic Polyurethane Market With different Features by market Point of views. The analysts forecast global thermoplastic polyurethane market to grow at a CAGR of 6.31% during the period 2018-2022.
Thermoplastic polyurethanes (TPUs) are versatile polymers possessing dual properties. They are soft and processible when exposed to heat but tough and hard at normal temperature conditions. They are produced by reacting raw materials, including diisocyanato, polyols, and diols through reactive extrusion techniques.
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Top players in the global thermoplastic polyurethane market: BASF, Covestro, Huntsman International, huafeng group, The Lubrizol Corporation, and Wanhua Chemical Group. One trend in the market is upcoming developments in bio-based products. Bio-based TPU is gaining significant traction due to its superior properties such as biodegradability, low density, and recyclability. The customers are attracted to these advantages provided by bio-based TPUs and are replacing their synthetic counterparts in several applications such as household objects, packaging, automobiles, and furniture.
According to the thermoplastic polyurethane market report, one driver in the market is increasing opportunities in APAC. The growth of automotive industry in APAC is expected to drive the demand for TPU. APAC is likely to register the highest growth in the TPU market during the forecast period due to the rapidly increasing population and rising purchasing power of individuals.
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This report covers the present scenario and the growth prospects of the global thermoplastic polyurethane market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
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Market driver
- Increasing opportunities in APAC
- For a full, detailed list, view our report
Market challenge
- Damage to TPU structure caused by moisture
- For a full, detailed list, view our report
Market trend
- Upcoming developments in bio-based products
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
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Global Thermoplastic Polyurethane Market Forecasts: 6.31% CAGR to 2022
One challenge in the thermoplastic polyurethane market market is damage to TPU structure caused by moisture. TPU elastomers are hygroscopic in nature, i.e., they absorb moisture when exposed to atmospheric humidity.