Thermoplastic Polyurethane Market Revenue to Surge to USD 3.8 Billion By 2028

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Report Summary:

A type of polyurethane plastic known as thermoplastic polyurethane (TPU) has a number of characteristics, including flexibility, transparency, and resistance to abrasion, grease, and oil. They are linear segmented block copolymers with hard and soft segments that are used to create thermoplastic elastomers.

TPU’s expanding use in the footwear and apparel industries is the main factor driving the market under study.

On the other hand, the expansion of the market under study is being hampered by the rising costs of raw materials.

The market analysed over the forecast period is likely to see growth opportunities from bio-based TPU films.

Critical Market Trends

TPU usage is rising in the apparel and footwear industries.
The demand for leather is increasing at a healthy rate as a result of the population’s rapid growth and the ongoing expansion of numerous economies. The conventional leather industry uses a lot of resources and pollutes the environment. The public’s focus on environmental issues presents serious challenges for the leather industry.

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TPU film is frequently used in clothing and footwear because it has many of the same characteristics as other plastics and rubbers.

With the development of science and technology, the production technology for TPU film and its composite products has grown significantly, creating the perfect environment for their adoption. Recently, manufacturers have introduced a lot of innovations to the clothing and footwear markets.

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Asia-Pacific will control the market.

The thermoplastic polyurethane market in Asia-Pacific was the largest regional market. TPU-based adhesives and sealants are anticipated to expand at a healthy rate in the region as a result of rising demand for automobiles as well as for textiles and footwear.

The largest footwear market worldwide, China has a strong domestic sales network and exports to several developed nations. The demand for TPU adhesives is thought to be the highest in China when compared to other regions of the world because leather footwear makes up the largest portion of the footwear sector there.

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The population’s shift from rural to urban areas and rising household income levels are anticipated to continue to fuel demand for the Chinese market under study.

Competitive Environment

The top five players control the majority of the market researched on the thermoplastic polyurethane industry, which is consolidated in nature. The Lubrizol Corporation, Huntsman International LLC, BASF SE, Covestro AG, Wanhua Chemical Group Co., and Covestro AG are a few of the market’s main participants. Ltd.

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By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

  • What is the study period of this market?
  • What is the growth rate of Thermoplastic Polyurethane (TPU) Market?
  • Which region has highest growth rate in Thermoplastic Polyurethane (TPU) Market?
  • Which region has largest share in Thermoplastic Polyurethane (TPU) Market?
  • Who are the key players in Thermoplastic Polyurethane (TPU) Market?
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Report Summary: A type of polyurethane plastic known as thermoplastic polyurethane (TPU) has a number of characteristics, including flexibility, transparency, and resistance to abrasion, grease, and oil. They are linear segmented block copolymers with hard and soft segments that are used to create thermoplastic elastomers. TPU’s expanding use in the footwear and apparel industries is…

Report Summary: A type of polyurethane plastic known as thermoplastic polyurethane (TPU) has a number of characteristics, including flexibility, transparency, and resistance to abrasion, grease, and oil. They are linear segmented block copolymers with hard and soft segments that are used to create thermoplastic elastomers. TPU’s expanding use in the footwear and apparel industries is…

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