Thermoplastic Polyurethane (tpu) Market - Global Industry 2013 – 2018

Thermoplastic polyurethane, commonly referred as TPU is a class of elastomers which is fully thermoplastic i.e. elastic and melt-processable in nature. Thermoplastic polyurethane is widely used in many industries owing to its properties of elasticity, oil resistance and transparency. Technically thermoplastic polyurethane is a thermoplastic elastomer consisting of linear segmented block copolymers composed of soft and hard segments. The hard segment can either be aromatic or aliphatic.

By geography, the global thermoplastic polyurethane market is divided into Europe, the Middle East, and Africa (EMEA), North America, Asia Pacific, and Rest of the World. The global thermoplastic polyurethane market was dominated by the EMEA region in 2013 and the region is anticipated to sustain its lead until 2018. In terms of revenue, the market in the EMEA region is expected to expand at a 4.90% CAGR by 2018. The Asia Pacific thermoplastic polyurethane market is projected to grow rapidly during the forecast period. Germany leads the thermoplastic polyurethane market in the EMEA region on the basis of revenue. China is the largest market in the Asia Pacific region in terms of volume and is predicted to rise at a 7.80% CAGR during the forecast period.

By end use, the global thermoplastic polyurethane market is divided into automotive, construction, electronics and appliances, and wire and cable. In terms of revenue, the wire and cable segment is projected to expand at a 5.90% CAGR till 2018.

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Thermoplastic polyurethane (TPU) can be processed through injection molding as well as on extrusion and is highly versatile in nature which results in high resilience, resistance to abrasions, tears and hydrocarbons.

Thermoplastic polyurethane is widely used in various applications across diverse industries where greater structural integrity is required, such as in the automotive industry. In addition to that when it is added to PVC (polyvinyl chloride), it improves abrasion resistance, low temperature flexibility and compression set.

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Growth in the TPU market is due to the growth in the market of footwear and cars. But volatility in the raw material prices is one of the major factors acting as a barrier in the growth of the market.

Key player of the market are BASF, Bayers AG, Huntsman Corporation, Dow Chemicals, Lubrizol and so on.

Companies mentioned in the research report

Some of the leading players in the global thermoplastic polyurethane (TPU) market are Bayer AG, BASF, Dow Chemicals, Lubrizol, and Huntsman Corporation.

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