TPU Elastomers Market Shares Growth by Regions and Top Players Analysis

Posted by Arslan on July 24th, 2019

The global TPU lastomers market surpassed US$ 2.5 billion in 2018, and a new study by Fact.MR estimates revenues to grow at 5.4% in 2019. According to the study, increasing demand for TPU elastomers in emerging economies of Asia Pacific excluding Japan (APEJ) continues to create sizeable opportunities for manufacturers. APEJ continues to hold over 50% share of TPU elastomers globally.

Analyzing the key factors that are fuelling TPU elastomers demand in APEJ, the study reports that strong presence of leading chemical companies along with increasing penetration of small- and medium-scale companies remain key growth drivers. Increasing investments by top-tiered players and rapidly-growing end-user industries continue to attract investments by market leaders, finds the Fact.MR study.

TPU Elastomers Market – Key Insights

• Thermoplastic Polyurethane (TPU) elastomers market grew at a healthy CAGR of 4.7% between 2013 and 2018, on account of growing demand from automotive industry.
• In 2019, demand for TPU elastomers is likely to remain high, with demand supported by the construction and footwear industries. The global TPU elastomers market is estimated to reach US$ 2.7 billion by the end of the year.
• The TPU elastomers market is on course to grow at a CAGR of 5.9% during the forecast period 2019-2027.
• Though the top 5 players in the TPU elastomers market have a strong presence in the Americas and Europe, the Asia Pacific region excluding Japan (APEJ) is the leading market for TPU elastomers. Growing demand for TPU elastomers in a wide range of applications has boosted growth of the TPU elastomers industry in the APEJ region.
• On the back of increasing investments by leading stakeholders, the APEJ region is likely to remain a high growth market for TPU elastomers throughout the forecast period.

Get Free Sample Report Here: https://www.factmr.com/connectus/sample?flag=S&rep_id=3445

Table of Content

1. Global TPU Elastomers Market - Executive Summary
   1.1. Summary of key findings
   1.1. Summary of key findings
   1.2. Summary of Statistics
   1.3. Demand and Supply side trends
   1.4. Fact.MR View Point
2. Global TPU Elastomers Market Overview
   2.1. Global TPU Elastomers Market Definition
   2.2. Research Scope
   2.3. Global TPU Elastomers Market Size (US$ Mn) & Volume (Kilo Tons) and Forecast, 2013-2027
   2.3.1. Global TPU Elastomers Market Y-o-Y Growth
3. Key Indicators Assessment
   3.1. Global Chemical & Polymers Industry Overview
   3.1.1. Global Chemical & Polymers Industry Analysis and Forecast, 2013-2027
   3.1.2. Global Chemical & Polymers Industry Sales and Forecast by Regions
   3.1.3. Global Chemical & Polymers Industry Sales by Key Countries
   3.1.4. Global Chemical & Polymers Industry Trade analysis
   3.1.4.1. Key Importing Countries
   3.1.4.2. Key Exporting Countries
   3.1.5. Global Polyols Market Outlook
   3.2. Global Automotive Industry Overview
   3.2.1. Global Automotive Industry Value (US$ Mn) and Volume (Units), 2018 & 2027
   3.2.2. Global Automotive Industry Sales by Regions
   3.2.3. Global Automotive Industry Sales by Vehicle Type
   3.3. Global Footwear Market Statistics
   3.3.1. Global Footwear Industry Value (US$ Mn) and Volume (Units), 2018 & 2027
   3.3.2. Global Footwear Industry Sales by Regions
   3.3.3. Global Footwear Industry Sales by Product Type
   3.3.4. Global Footwear Industry Sales by Material Type
   3.4. Global Thermoplastics Elastomers Market Overview

To be Continue.....................

Environmental Concerns Trigger Manufacturing Innovations

The study finds that although TPU elastomers have been witnessing incremental demand across versatile industrial applications, meeting the evolving sustainability requirements continues to be a challenge for stakeholders. Negative impacts of thermoplastics on the environment have been restricting manufacturers from exploring new niche applications. Thereby, leading stakeholders in the TPU elastomers market have been focusing on innovating their manufacturing strategies and technologies to discover biocompatible and biostable TPU elastomers. According to the study, the focus on finding sustainable solutions is also driven by stringency in environmental regulations.

Some notable examples include,

• In March 2019, Lubrizol International, Inc. announced the launch of a new, toluene-free Pearlbond™ TPU for films and adhesives, to expand its high-melt strength Pearlbond TPU portfolio. Toluene exposure can have hazardous impact on the environment as well human health. The company announced that the new Pearlbond TPU is toluene-free and recyclable, thereby environment-friendly, and it can be used in various applications such as furniture, footwear, automotive films, and apparels.
• In February 2019, A.P.I. Applicazioni Plastiche Industriali SPA – an Italian chemical company – announced the launch of the new recyclable TPU APILON^TM52 A/C-series. The company declared that the new portfolio of its TPU elastomer products reduces the production cycle time by around 70% while significantly cutting the energy consumption and production costs.

TPU Elastomers Favorite among Footwear Manufacturers and in the Sporting Goods Industry

TPU elastomers is ruling the footwear sector with its growing popularity among shoe manufacturers. Shoe soles manufactured using TPU elastomers are lightweight, abrasion resistance, flexible, durable, and comfortable, thereby, TPU elastomers have become one of the most popular raw materials across the footwear manufacturing cluster.

Leading players in the TPU elastomers market include BASF SE, Miracll Chemical Co. Ltd., Kuraray Co. Ltd., Ravago Petrokimya Üretim A.S, COIM SPA, Coating Chemical Industry Company, Zibo Hengjiu Pu Technology Company Ltd., Huafon Group, Xuchuan Chemical Group, Evermore Chemical Industry Company Ltd., Sunko Ink Co. Ltd., Songwon Industrial Group, DuPont Tate & Lyle Bio Products, Blackwell Plastics LLP, Hexpol AB, Mitsui Chemicals, Inc., Lanxess Aktiengesellschaft,Honeywell International, Inc., PolyOne Corp., Tosoh Corporation, Nihon Matai Co. Ltd., APS Elastomers, and Townsend Chemicals Pty. Ltd.