Thermoplastic Polyurethane Market Report - Global Forecast till 2027

Global Thermoplastic Polyurethane Market: Information by Type (Polyester, Polyether and Polycaprolactone), End-Use Industry (Automotive, Construction, Aerospace, Energy & Power, Medical and others), Region (North America, Europe, Asia Pacific, Latin America and the Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/2369-HCR | February 2021 | Region: Global | 135 pages

Please note that the assessment period of report has been updated from 2017-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


The Global Thermoplastic Polyurethane Market is estimated to reach USD 3.5 billion by 2025 with 6.5% CAGR.


Thermoplastic polyurethane is widely used across automotive, construction, aerospace and medical industry for various applications owing to its properties such as elasticity, transparency, and resistance to oil, grease, and abrasion. Furthermore, thermoplastic polyurethane is biodegradable, environment-friendly, and fully recyclable, which makes it a suitable alternative to PVC and various other polymers. This is expected to be one of the prime factors for the growth of the market during the forecast period.


Thermoplastic polyurethanes generally includes polyester, polyether, and polycaprolactone, and are mostly used in various applications such industrial aprons, conveyor belts, fabric laminates, and medical packaging owing to its durability, high strength, exceptional fungal and abrasion resistance offered by the product. Furthermore, owing to the growth of these end-use industries is expected to drive the demand for thermoplastic polyurethane during the forecast period. Furthermore, the steady growth of medical & healthcare industry owing rise in population, income levels, and awareness along with technological advancements is expected to further augment the growth of thermoplastic polyurethane market during the forecast period.


In addition, the robust growth of automotive industry driven by increasing per capita disposable income, rapid urbanization, and economic growth across the globe is expected to be the major driving factor for the growth of global thermoplastic polyurethanes market. In automobiles, thermoplastic polyurethane is used as an alternative to metal to enhance fuel efficiency by reducing the weight of the automobile. Thermoplastic polyurethane, owing to its properties such as toughness, abrasion resistance, and FST compliance, is widely used for manufacturing various aircraft components and interiors components such as electronic housings, armrests, seat covers, and high touch surfaces. Thus, owing to the robust growth of aerospace industry across the globe, owing to the increasing air passenger traffic, growing tour and travel industry, and increasing affluent population is expected to drive the demand for thermoplastic polyurethane in the aerospace industry.


Regional Analysis


The global thermoplastic polyurethane market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


Asia-Pacific dominated the global thermoplastic polyurethane market and is expected to maintain its dominance through the forecast period and witnessing robust growth. This high growth of thermoplastic polyurethane market is attributed to increasing automotive production, increasing construction spendings and growing electrical and electronics industry in countries such as China, India, Japan, and Indonesia. North America thermoplastic polyurethane market is expected to be the second-largest across the globe followed by Europe. The thermoplastic polyurethane market in North America is expected to witness healthy growth owing to increasing application in the aerospace industry and increasing automotive production. Additionally, recovering growth of construction industry in the US is likely to favor market growth during the forecast period.  


Europe market is led by Germany, the UK, Spain, Italy, and France is expected to estimated to witness steady growth driven by growing aerospace and automotive industries. Furthermore, the trend of manufacturing lightweight vehicles to enhance fuel efficiency and stringent environmental regulations is expected to favor the growth of thermoplastic polyurethane market owing to its lightweight, high strength, and biodegradability. The Middle East & Africa and Latin America are likely to witness significant growth during the forecast period.


Market Segmentation


The global thermoplastic polyurethane market has been segmented based on type, application, and region.


Based on type, the global market is segmented into polyester, polyether, and polycaprolactone.


Based on end-use industry, the global market is segmented into automotive, construction, aerospace, energy & power, medical, and others.


Key Players


Some of the leading players in the global thermoplastic polyurethane market are BASF SE (Germany), Huntsman International LLC (US), Amco Polymers (US), Covestro AG (Germany), The Lubrizol Corporation (US), 3M (US), Permali Gloucester Limited (UK), Wanhua Chemical Group Co., Ltd. (China), American Polyfilm Inc. (US), Hexpol AB (Sweden), PolyOne Corporation (US), API Plastics (Italy), and Kuraray Co., Ltd. (Japan)


Intended Audience



  • Thermoplastic polyurethane manufacturers

  • Traders and distributors of thermoplastic polyurethane

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Frequently Asked Questions (FAQ) :


The thermoplastic polyurethane market is predicted to grow at a 6.5% CAGR between 2017-2025.

The global thermoplastic polyurethane market is predicted to touch USD 3.5 billion by 2025.

Asia Pacific is predicted to have the largest share in the thermoplastic polyurethane market.

It has extensive application in medical, energy and power, aerospace, construction, and automotive industries.

Volatile raw material prices and availability of bio-based alternatives may restrict market growth.

Table of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of the Global Thermoplastic Polyurethane Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

5 Market Factor Analysis of the Global Thermoplastic Polyurethane Market

5.1 Supply Chain Analysis

5.1.1 Raw Material Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 End User

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

6. Global Thermoplastic Polyurethane Market, by Type

6.1 Introduction

6.2 Polyester

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Polyether

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.4 Polycaprolactone

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, by Region, 2020-2027

7. Global Thermoplastic Polyurethane Market, by End-Use Industry

7.1 Introduction

7.2 Automotive

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Construction

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Aerospace

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Energy & Power

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Medical

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast, by Region, 2020-2027

8. Global Thermoplastic Polyurethane Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Type, 2020-2027

8.2.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast, by Type, 2020-2027

8.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast, by Type, 2020-2027

8.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Type, 2020-2027

8.3.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020-2027

8.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

8.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast, by Type, 2020-2027

8.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast, by Type, 2020-2027

8.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast, by Type,2020-2027

8.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast, by Type,2020-2027

8.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.9 Russia

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast, by Type,2020-2027

8.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.10 Poland

8.3.10.1 Market Estimates & Forecast, 2020-2027

8.3.10.2 Market Estimates & Forecast, by Type, 2020-2027

8.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2020-2027

8.3.11.2 Market Estimates & Forecast, by Type, 2020-2027

8.3.11.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, by Type, 2020-2027

8.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020-2027

8.4.4.2 Market Estimates & Forecast, by Type, 2020-2027

8.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast, by Type, 2020-2027

8.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast, by Type, 2020-2027

8.4.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast, by Type, 2020-2027

8.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast, by Type, 2020-2027

8.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, by Type, 2020-2027

8.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.5.4 GCC

8.5.4.1 Market Estimates & Forecast, 2020-2027

8.5.4.2 Market Estimates & Forecast, by Type, 2020-2027

8.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.5.5 Israel

8.5.5.1 Market Estimates & Forecast, 2020-2027

8.5.5.2 Market Estimates & Forecast, by Type, 2020-2027

8.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.5.6 North Africa

8.5.6.1 Market Estimates & Forecast, 2020-2027

8.5.6.2 Market Estimates & Forecast, by Type, 2020-2027

8.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.5.7 Turkey

8.5.7.1 Market Estimates & Forecast, 2020-2027

8.5.7.2 Market Estimates & Forecast, by Type, 2020-2027

8.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.5.8 Rest of Middle East & Africa

8.5.8.1 Market Estimates & Forecast, 2020-2027

8.5.8.2 Market Estimates & Forecast, by Type, 2020-2027

8.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast, by Type, 2020-2027

8.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2020-2027

8.6.4.2 Market Estimates & Forecast, by Type, 2020-2027

8.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, 2020-2027

8.6.5.2 Market Estimates & Forecast, by Type, 2020-2027

8.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.6.6 Mexico

8.6.6.1 Market Estimates & Forecast, 2020-2027

8.6.6.2 Market Estimates & Forecast, by Type, 2020-2027

8.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2020-2027

8.6.7.2 Market Estimates & Forecast, by Type, 2020-2027

8.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020-2027

9. Company Landscape

9.1 Introduction

9.2 Market Strategies

9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

10. Company Profiles

10.1 BASF SE

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Key Strategies

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 Huntsman International LLC

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Key Strategies

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 Amco Polymers

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Key Strategies

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 Covestro AG

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Key Strategies

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 The Lubrizol Corporation

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Key Strategies

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 3M

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Key Strategies

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Permali Gloucester Limited

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Key Strategies

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 Wanhua Chemical Group Co., Ltd.

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Key Strategies

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 American Polyfilm Inc.

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Key Strategies

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 Hexpol AB

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Key Strategies

10.10.5 Key Developments

10.10.6 SWOT Analysis

10.11 PolyOne Corporation

10.11.1 Company Overview

10.11.2 Financial Updates

10.11.3 Product/Business Segment Overview

10.11.4 Key Strategies

10.11.5 Key Developments

10.11.6 SWOT Analysis

10.12 API Plastics

10.12.1 Company Overview

10.12.2 Financial Updates

10.12.3 Product/Business Segment Overview

10.12.4 Key Strategies

10.12.5 Key Developments

10.12.6 SWOT Analysis

10.13 Kuraray Co., Ltd.

10.13.1 Company Overview

10.13.2 Financial Updates

10.13.3 Product/Business Segment Overview

10.13.4 Key Strategies

10.13.5 Key Developments

10.13.6 SWOT Analysis

11. Conclusion

LIST OF TABLES


Table 1 Global Thermoplastic Polyurethane Market, by Region, 2020-2027

Table 2 North America: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table 3 Europe: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table 4 Asia-Pacific: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table 5 Middle East & Africa: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table 6 Latin America: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table 7 Global Thermoplastic Polyurethane Type Market, by Regions, 2020-2027

Table 8 North America: Thermoplastic Polyurethane Type Market, by Country, 2020-2027

Table 9 Europe: Thermoplastic Polyurethane Type Market, by Country, 2020-2027

Table10 Asia-Pacific: Thermoplastic Polyurethane Type Market, by Country, 2020-2027

Table11 Middle East & Africa: Thermoplastic Polyurethane Type Market, by Country, 2020-2027

Table12 Latin America: Thermoplastic Polyurethane Type Market, by Country, 2020-2027

Table 13 Global Thermoplastic Polyurethane End-Use Industry Market, by Regions, 2020-2027

Table14 North America: Thermoplastic Polyurethane End-Use Industry Market, by Country, 2020-2027

Table15 Europe: Thermoplastic Polyurethane End-Use Industry Market, by Country, 2020-2027

Table16 Asia-Pacific: Thermoplastic Polyurethane End-Use Industry Market, by Country, 2020-2027

Table17 Middle East & Africa: Thermoplastic Polyurethane End-Use Industry Market, by Country, 2020-2027

Table18 Latin America: Thermoplastic Polyurethane by End-Use Industry Market, by Country, 2020-2027

Table19 Global Type Market, by Region, 2020-2027

Table20 Global End-Use Industry Market, by Region, 2020-2027

Table21 North America: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table22 North America: Thermoplastic Polyurethane Market, by Type, 2020-2027

Table23 North America: Thermoplastic Polyurethane Market, by End-Use Industry, 2020-2027

Table24 Europe: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table25 Europe: Thermoplastic Polyurethane Market, by Type, 2020-2027

Table26 Europe: Thermoplastic Polyurethane Market, by End-Use Industry, 2020-2027

Table27 Asia-Pacific: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table28 Asia-Pacific: Thermoplastic Polyurethane Market, by Type, 2020-2027

Table29 Asia-Pacific: Thermoplastic Polyurethane Market, by End-Use Industry, 2020-2027

Table30 Middle East & Africa: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table31 Middle East & Africa: Thermoplastic Polyurethane Market, by Type, 2020-2027

Table32 Middle East & Africa: Thermoplastic Polyurethane Market, by End-Use Industry, 2020-2027

Table33 Latin America: Thermoplastic Polyurethane Market, by Country, 2020-2027

Table34 Latin America: Thermoplastic Polyurethane Market, by Type, 2020-2027

Table35 Latin America: Thermoplastic Polyurethane Market, by End-Use Industry, 2020-2027

LIST OF FIGURES

FIGURE 1 Global Thermoplastic Polyurethane Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Thermoplastic Polyurethane Market

FIGURE 4 Value Chain of the Global Thermoplastic Polyurethane Market

FIGURE 5 Share of the Global Thermoplastic Polyurethane Market in 2020, by Country

FIGURE 6 Global Thermoplastic Polyurethane Market, 2020-2027,

FIGURE 7 Global Thermoplastic Polyurethane Market Size, by Type, 2020

FIGURE 8 Share of the Global Thermoplastic Polyurethane Market, by Type, 2020-2027

FIGURE 9 Global Thermoplastic Polyurethane Market Size, by End-Use Industry, 2020

FIGURE10 Share of the Global Thermoplastic Polyurethane Market, by End-Use Industry, 2020-2027