Market Research Global Thermoplastic Polyurethane (TPU) Market

The global thermoplastic polyurethane (TPU) market is expected to witness a CAGR of 3.36%
during the forecast period, 2018 to 2023. In 2017, in terms of volume, Asia-Pacific dominated
the TPU market, holding a share of more than 60%, owing to the rising demand for automobiles
and construction of buildings in the region.
Rising Demand from Medical Industry
TPU belongs to a class of thermoplastic elastomers that are long-chain linear polymers, which
allow the polyurethane to be melted to form parts and then the parts are solidified. The usage of
TPU in medical applications is consistently increasing, owing to its high-performance
characteristics, resistance to chemicals and oils, improved mechanical properties, and enhanced
durability. Melt-processable polyurethanes are used to make catheters, such as central-venous
access catheters, over-the-needle IV catheters and multi-lumen catheters. They are also used in
wound dressing, owing to their versatile nature. TPU wound-dressing films are used to cover the
wound and restrict the entry of bacteria and fluids, but allow moisture to permeate. Owing to
improved biocompatibility, hydrolytic stability, biostability, abrasion resistance, elasticity, high
rigidity and strength, chemical resistance, and excellent mechanical properties, TPU is used in
numerous other healthcare and medical applications.
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Footwear Industry to Dominate the Global TPU Market
TPUs can be made into fine threads, and can be combined with nylon to make more lightweight,
stretchable garments. Because of these techniques, manufacturers can make a broad range of foot
wear. Furthermore, TPU has been considered as an efficient replacement of rubber and other
resins used in footwear industry, owing to its high elasticity & resilience, high tensile strength,
and high tear strength compared to the traditionally used rubber. Various grades of TPU can
provide a range of hardness to deliver the required amount of friction and flexibility. A rise in the
net income of people in regions of Asia-Pacific, such as China and India, is expected to provide
huge opportunities for the market to grow during the forecast period.
TPU Market to Expand at a Fastest Rate in India
The construction sector in India is growing at higher rate with urbanization projects and new
construction activities, such as bridges, dams, roads, railways (metro rails), urban infrastructures,
buildings, etc. Around 100% FDI in the construction sector has also helped the industry to grow,
which is expected to grow further at higher rate, with increasing population, during the forecast
period. The housing sector has witnessed a healthy growth in the near past, which, in turn, has
increased the consumption of TPU in the construction industry. Heavy engineering is the other
major end user. There are many industrial units in the country, which will increase the
consumption of TPU market. Moreover, the Indian footwear industry holds an important place in
the countrys economy as it provides employment and foreign earnings due to export. This
industry is highly fragmented with almost 15,000 medium and small industries operating in
organized and unorganized segments, therefore, driving the TPU market.