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Thermoplastic Polyurethane Trends and Forecast
The future of the thermoplastic polyurethane market looks promising with opportunities in the footwear, industrial machinery, automotive & transportation, electronic, and medical markets. The thermoplastic polyurethane market is expected to reach an estimated $5.2 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight and durable materials, growing automotive industry, and rising construction activity.
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Thermoplastic Polyurethane by Segment
The study includes a forecast for the global thermoplastic polyurethane by raw material type, type, technology, end use, and region.
Thermoplastic Polyurethane Market by Raw Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Diisocyanates
• Polyols
• Diols
• Adipic Acid
Thermoplastic Polyurethane Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Polyester
• Polyether
• Polycaprolactone
• Polycarbonate-Based TPU
Thermoplastic Polyurethane Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Blow Molding
• Solvent Casting
• Lamination
• Extrusion
• Injection Molding
• Others
Thermoplastic Polyurethane Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Footwear
• Industrial Machinery
• Automotive & Transportation
• Electronics
• Medical
• Others
Thermoplastic Polyurethane Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Thermoplastic Polyurethane Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermoplastic polyurethane companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermoplastic polyurethane companies profiled in this report include-
• Lubrizol
• Covestro
• BASF
• Avient
• Huntsman
• Trinseo
• Epaflex Polyurethanes
• Dongsung
• Wanhua Chemical
• Hexpol
Thermoplastic Polyurethane Market Insights
Lucintel forecasts that diisocyanates will remain the largest segment over the forecast period.
APAC will remain the largest region over the forecast period due to increasing demand for thermoplastic polyurethane from footwear and automtove sector and existence of major hub for production and consumption of industrail machine and electronics manufacturing in the region.
Features of the Thermoplastic Polyurethane Market
Market Size Estimates: Thermoplastic polyurethane market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Thermoplastic polyurethane market size by various segments, such as by raw material type, type, technology, end use, and region in terms of value ($B).
Regional Analysis: Thermoplastic polyurethane market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different raw material types, types, technologies, end uses, and regions for the thermoplastic polyurethane market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermoplastic polyurethane market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the thermoplastic polyurethane market size?
Answer: The global thermoplastic polyurethane market is expected to reach an estimated $5.2 billion by 2030.
Q2. What is the growth forecast for thermoplastic polyurethane market?
Answer: The global thermoplastic polyurethane market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the thermoplastic polyurethane market?
Answer: The major drivers for this market are 0, growing automotive industry and rising construction activity.
Q4. What are the major segments for thermoplastic polyurethane market?
Answer: The future of the thermoplastic polyurethane market looks promising with opportunities in the footwear, industrial machinery, automotive & transportation, electronic, and medical markets.
Q5. Who are the key thermoplastic polyurethane market companies?
Answer: Some of the key thermoplastic polyurethane companies are as follows:
• Lubrizol
• Covestro
• BASF
• Avient
• Huntsman
• Trinseo
• Epaflex Polyurethanes
• Dongsung
• Wanhua Chemical
• Hexpol
Q6. Which thermoplastic polyurethane market segment will be the largest in future?
Answer: Lucintel forecasts that diisocyanates will remain the largest segment over the forecast period.
Q7. In thermoplastic polyurethane market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing demand for thermoplastic polyurethane from footwear and automtove sector and existence of major hub for production and consumption of industrail machine and electronics manufacturing in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the thermoplastic polyurethane market by raw material type (diisocyanates, polyols, diols, and adipic acid), type (polyester, polyether, polycaprolactone, and polycarbonate-based TPU), technology (blow molding, solvent casting, lamination, extrusion, injection molding, and others), end use (footwear, industrial machinery, automotive & transportation, electronics, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Thermoplastic Polyurethane Market, Thermoplastic Polyurethane Market Size, Thermoplastic Polyurethane Market Growth, Thermoplastic Polyurethane Market Analysis, Thermoplastic Polyurethane Market Report, Thermoplastic Polyurethane Market Share, Thermoplastic Polyurethane Market Trends, Thermoplastic Polyurethane Market Forecast, Thermoplastic Polyurethane Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Thermoplastic Polyurethane Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Thermoplastic Polyurethane Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Thermoplastic Polyurethane Market by Raw Material Type
3.3.1: Diisocyanates
3.3.2: Polyols
3.3.3: Diols
3.3.4: Adipic Acid
3.4: Global Thermoplastic Polyurethane Market by Type
3.4.1: Polyester
3.4.2: Polyether
3.4.3: Polycaprolactone
3.4.4: Polycarbonate-Based TPU
3.5: Global Thermoplastic Polyurethane Market by Technology
3.5.1: Blow Molding
3.5.2: Solvent Casting
3.5.3: Lamination
3.5.4: Extrusion
3.5.5: Injection Molding
3.5.6: Others
3.6: Global Thermoplastic Polyurethane Market by End Use
3.6.1: Footwear
3.6.2: Industrial Machinery
3.6.3: Automotive & Transportation
3.6.4: Electronics
3.6.5: Medical
3.6.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Thermoplastic Polyurethane Market by Region
4.2: North American Thermoplastic Polyurethane Market
4.2.2: North American Thermoplastic Polyurethane Market by End Use: Footwear, Industrial Machinery, Automotive & Transportation, Electronics, Medical, and Others
4.3: European Thermoplastic Polyurethane Market
4.3.1: European Thermoplastic Polyurethane Market by Raw Material Type: Diisocyanates, Polyols, Diols, and Adipic Acid
4.3.2: European Thermoplastic Polyurethane Market by End Use: Footwear, Industrial Machinery, Automotive & Transportation, Electronics, Medical, and Others
4.4: APAC Thermoplastic Polyurethane Market
4.4.1: APAC Thermoplastic Polyurethane Market by Raw Material Type: Diisocyanates, Polyols, Diols, and Adipic Acid
4.4.2: APAC Thermoplastic Polyurethane Market by End Use: Footwear, Industrial Machinery, Automotive & Transportation, Electronics, Medical, and Others
4.5: ROW Thermoplastic Polyurethane Market
4.5.1: ROW Thermoplastic Polyurethane Market by Raw Material Type: Diisocyanates, Polyols, Diols, and Adipic Acid
4.5.2: ROW Thermoplastic Polyurethane Market by End Use: Footwear, Industrial Machinery, Automotive & Transportation, Electronics, Medical, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Thermoplastic Polyurethane Market by Raw Material Type
6.1.2: Growth Opportunities for the Global Thermoplastic Polyurethane Market by Type
6.1.3: Growth Opportunities for the Global Thermoplastic Polyurethane Market by Technology
6.1.4: Growth Opportunities for the Global Thermoplastic Polyurethane Market by End Use
6.1.5: Growth Opportunities for the Global Thermoplastic Polyurethane Market by Region
6.2: Emerging Trends in the Global Thermoplastic Polyurethane Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Thermoplastic Polyurethane Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermoplastic Polyurethane Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Lubrizol
7.2: Covestro
7.3: BASF
7.4: Avient
7.5: Huntsman
7.6: Trinseo
7.7: Epaflex Polyurethanes
7.8: Dongsung
7.9: Wanhua Chemical
7.10: Hexpol
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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