Market Research Analysis Thermoplastic Polyurethane Market - Industry Size | Page 2

On the other hand, there are factors that may hamper the development of the market including rising environmental
concerns with the production and usage of thermoplastic polyurethanes. Thermoplastic Polyurethane Market is
anticipated to grow at a significant CAGR of 7.5% in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
The market may be explored by type, application, and geography. The market may be explored by type as Polyester,
Polycaprolactone, and Polyether. The “Polyester” sector led the market in 2016 and is anticipated to maintain its
dominance by 2020 owing to suitability of polyester in a number of applications in numerous end-use industries, such
as engineering, automotive, and construction & building among others.
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The key applications that could be explored in the Thermoplastic Polyurethane Market include Footwear, Automotive,
Engineering, Wires & Cables, Building & Construction, Medical, and Hose & Tubing. The “Footwear” sector led the
market in 2016 and is anticipated to maintain its dominance by 2020. Footwear segment is followed by Wires and
Cables.
Asia-Pacific accounted for the major share of the Thermoplastic Polyurethane Market Size in 2016 and will continue
to lead in the forecast period. The factors that could be attributed to the growth includes growing demand for
thermoplastic polyurethane from developing countries, such as China and India. China is the major market for
thermoplastic polyurethanes in the Asia-Pacific region.
Some of the key players that fuel the growth of the Thermoplastic Polyurethane Market comprise BASF SE, API Plastics,
Bayer Material Science AG, Wanhua Chemical Group Co. Ltd, Hexpol AB, COIM, Headway Polyurethane Co. Ltd.,
Huntsman Corporation, Miracll Chemical Co. Ltd., Lubrizol Corporation, and others. The leading companies are taking
up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
Key Applications
• Automotive
• Construction
• Electronic & Electrical