Thermoplastic Polyurethane (tpu) Market to Expand At A Robust Cagr Of 5.5% By 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.

According to a recent publication by Transparency Market Research (TMR), the global thermoplastic polyurethane (TPU) industry is expected to grow at a 5.5% CAGR during the period of 2013-2018, reaching US$1,746.9 million by the end of the forecast period. The global TPU market stood at US$987.2 million in 2010.The research report, titled "Thermoplastic Polyurethane (TPU) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018", states that the global market for TPU is stimulated by the extensive development of the global footwear and automotive industries.

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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 finds its application in end-use industries such as construction, automotive, wire and cable, electronics and appliances, footwear, hose and tubing, and others such as industrial insulation, and CASE. The wire and cable industry leads the global market in terms of volume and revenue. Based on the revenue generated, the wire and cable market is expected to grow at a CAGR of 5.9% during the forecast period. The expansion of the global automotive industry is also driving the TPU industry significantly.

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.

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