Expanded Thermoplastic Polyurethane (E-TPU) Market Research Report - Forecast till 2030

Expanded Thermoplastic Polyurethane (E-TPU) Market Research Report: by Application (Footwear, Automotive, Sports and Leisure, Others), and Region - Forecast till 2030

ID: MRFR/CnM/6262-CR | April 2019 | Region: Global | 101 Pages         

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Expanded Thermoplastic Polyurethane (E-TPU) Market

The expanded thermoplastic polyurethane market in the market is expected to show a tremendous growth rate and is expected to reach a value of USD 440,018.1 thousand during the end of the estimated period from 2021-2030

Segmentation
By Application Footwear Automotive Sports and Leisure
Key Players
Companies Profiled   BASF SE   Huntsman International LLC   Plymouth Foam   Ningbo GMF New Material Technology Co. Ltd.   Guo Sheng Enterprise Co. Ltd.   Miracll Chemical Co. Ltd.   API    The Lubrizo Corporation   Wanhua Chemical Group Co. Ltd   Royal DSM
Drivers
Market Driving Forces   The increasing research prospect in footwear products and the increasing demand for footwear in urban as well as rural region
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Expanded Thermoplastic Polyurethane (E-TPU) Market Overview The expanded thermoplastic polyurethane market in the market is expected to show a tremendous growth rate and is expected to reach a value of USD 440,018.1 thousand during the end of the estimated period from 2021-2030. It is expected to grow at a high CAGR of 10.76% during the forecasted period. The global market for expanded thermoplastic polyurethane is expanding due to the rising awareness of its physical deformation property. High resistance to the heat-related property is increasing demand in the construction, automotive and electronic sectors. The rising demand for foot ware in rural and urban regions and the growing research prospect in footwear products is projected to drive the global expanded thermoplastic polyurethane market growth during the review timeframe. Moreover, tremendous growth has been witnessed in the global market due to the rising trend of sports activities like badminton, cricket, football, and others, as well as physical fitness like hiking, running, and walking. Further, the rising demand for engineering, footwear, automotive, sports and leisure, and electronics is expected to bring lucrative opportunities for the worldwide market in the research period. The worldwide expanded thermoplastic polyurethane market is segmented on raw materials, types, and applications. These segments play an important role in the growth of the global market.


COVID 19 Analysis


The global pandemic of COVID 19 has made the businesses fall into the downfall trap and has to lead the economies to a forced recession. The situation of the global pandemic has left the people to fight the battle against the economic front and the health front. Owing to the close of manufacturing units, the market for thermoplastic polyurethane products has shown a steep downfall.


It is expected that with proper strategies, the global expanded thermoplastic polyurethane market will recover at the beginning of the second quarter of the coming year.Competitive Analysis


Some of the major key players in the expanded thermoplastic polyurethane market in the global market are as follows:



  • BASF SE

  • Huntsman International LLC

  • Plymouth Foam

  • Ningbo GMF New Material Technology Co. Ltd.

  • Guo Sheng Enterprise Co. Ltd.

  • Miracll Chemical Co. Ltd.

  • API, The Lubrizo Corporation

  • Wanhua Chemical Group Co. Ltd

  • Royal DSM


These players have a huge global market because of the strategic policies such as expansion, partnership, novel product development, and many others incorporated by them.


Market Overview


The polymer which has a structure of closed-cell which acts as an excellent shock absorbing property is made which is called expanded thermoplastic polyurethane. The property of thermoplastic polyurethane of good elasticity and great softness it is mainly used in the footwear industry and other end-use industries. Owing to the increase in the demand for footwear in urban areas and by athletics along with other sports players, there is a tremendous increase in the demand for thermoplastic polyurethane market in the global market.


Market Dynamics


Drivers


The increasing research prospect in footwear products and the increasing demand for footwear in urban as well as rural regions are the driving factors that boost the growth of the expanded thermoplastic polyurethane market in the global market. Not only this, but the growing trend of physical fitness like running, hiking, and walking and sports activities like cricket, badminton, football, and many more are also responsible for the tremendous growth of the expanded thermoplastic polyurethane market in the global market. This is because it helps in producing shoe soles that provide lightweight and comfortable shoes.


Opportunities


Not only increase in demand in the footwear industry has provided growth opportunities to the expanded thermoplastic polyurethane market, but the growing market for engineering, sports and leisure, automotive, and electronics also provide great market opportunities for the expanded thermoplastic polyurethane industry in the global market. Its great features like strong resistance to electricity are another factor that provides growth opportunities for an expanded thermoplastic polyurethane market.


Restraints


Although many factors act as a driver of thermoplastic polyurethane market and various factors that provides growth opportunities, there is some restraint also like easy availability of substitute material in the non-footwear application is the major hurdle in the expansion of expanded thermoplastic polyurethane market in the global market during the forecasted period from 2017 to 2023.


Value Chain Analysis


The global expanded thermoplastic polyurethane market has added great value to society by giving products that are of high elasticity and have excellent low-temperature, high resilience to oils, greases, and numerous solvents, good flexibility, and high-energy radiation resistance.


Market Segmentation


The global expanded thermoplastic polyurethane market is divided based on application, raw material, and type


Based on application


The expanded thermoplastic polyurethane global market is divided based on application into automotive, footwear, sports and leisure, engineering, electronics, and many others. The largest share is held by the footwear department in the expanded thermoplastic polyurethane industry in the global market and is expected to reach USD 350307.5 thousand during the end of the estimated period from 2017 to 2023. The main attributes required by athletes in their shoes to deliver their best performance is the excellent softness and cushioning provide to them by the expanded thermoplastic polyurethane which ultimately boosts the growth of the footwear industry.


Another department that held the second-largest share because of the stiffness and excellent cushioning provided by the expanded thermoplastic polyurethane market is the other sports and leisure avenues followed by the automotive department in the global market.


Based on raw material


The expanded thermoplastic polyurethane global market is divided based on raw material into polyols, diisocyanate, and diols.


Based on type


The expanded thermoplastic polyurethane global market is divided based on type into polyester, polyether, and polycaprolactone.


Regional Analysis


The expanded thermoplastic polyurethane industry globally has been spread into different regions like North America, Europe, Asia-Pacific, and the rest of the world. In the global market, the largest share of about 59.93% is held by Asia-Pacific and this region dominates the global market. It is expected to show a CAGR of 12% during the forecasted period from 2017 to 2023 owing to the increasing demand for sports shoes in the urban area in the Asia-Pacific region. Another factor that contributes to the growing demand for expanded thermoplastic polyurethane is the increase in disposable income of consumers.


The second-largest share in the global market of expanded thermoplastic polyurethane is held by Europe as this region is expected to show a high CAGR rate during the forecasted period from 2017 to 2023.


Recent Developments


In September 2018


The prominent player BASF has expanded its thermoplastic polyurethane product, Infinergy. This has come to the worldwide market in Changhua.


In November 2018


A joint venture has been signed between DIC Covestro Polymer Ltd and Covestro. The top company, Covestro, has aimed to enhance its market share from 50% to 80% in thermoplastic polyurethane.


In May 2019


BASF has set up a new production site in Zhanjiang, China, by the end of 2022, intending to increase engineering plastic’s production capacity.


Report Overview


The global expanded thermoplastic polyurethane market research report contains the following:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This research report tells about the working of the expanded thermoplastic polyurethane market along with opportunities and restraints that the thermoplastic polyurethane face in the global market. The impact of COVID 19 on the demand for thermoplastic polyurethane products is also mentioned. The future growth rate of the thermoplastic polyurethane market in the global market is also estimated and mentioned.


Research Methodology


To validate the size of the expanded thermoplastic polyurethane market bottom-up and top-down approach is used. Mostly for expanded thermoplastic polyurethane market secondary research is used for identifying various major market players, both primary and secondary research is used. The annual and financial reports of the top market players are identified using secondary research is identified. For primary research interviews of various CEOs of top market players in the expanded thermoplastic polyurethane are conducted.


Users


Footwear industry, tubing, wire and cable applications, hose, film, seals, sporting goods, wheels, medical and healthcare applications, automotive applications, and many others.



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2023: USD 440,018.1 thousand
  • 2027: Significant value
  •   CAGR   10.76%
      Base Year   2020
      Forecast Period   2021-2030
      Historical Data   2019
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   BASF SE,Huntsman International LLC,Plymouth Foam,Ningbo GMF New Material Technology Co. Ltd.,Guo Sheng Enterprise Co. Ltd., Miracll Chemical Co. Ltd.,API, The Lubrizo Corporation,Wanhua Chemical Group Co. Ltd,Royal DSM
      Key Market Opportunities   The growing market for engineering, sports and leisure, automotive, and electronics
      Key Market Drivers   The increasing research prospect in footwear products and the increasing demand for footwear in urban as well as rural region


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    Frequently Asked Questions (FAQ) :

    Expanded Thermoplastic Polyurethane (E-TPU) Market is predicted to grow at 10.76% through forecast period of 2021-2030.

    The forecast period for Expanded Thermoplastic Polyurethane (E-TPU) Market research report is 2021-2030.

    Expanded Thermoplastic Polyurethane (E-TPU) Market is dominated by APAC region.

    The major players are thermoplastic polyurethane (E-TPU) market include BASF SE (Germany), Huntsman International LLC (U.S.), Plymouth Foam (U.S.), Ningbo GMF New Material Technology Co., Ltd. (China), Guo Sheng Enterprise Co., Ltd. (China), Miracll Chemicals Co., Ltd. (China), API (Italy), The Lubrizol Corporation (U.S.), Wanhua Chemical Group Co., Ltd. (China), and Royal DSM (The Netherlands).