Global TPU Elastomers Market Research Report Motivated by Upcoming Opportunities and Industry Trends

From: Fact.MR
Published: Fri Sep 27 2019

The report studies the TPU elastomers market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on global TPU elastomers market insights to its wide online database including upcoming trends and market growth factors through 2027. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

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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.

TPU Elastomers Market – Competitive Landscape

  • In January 2019, Lubrizol International, Inc. – a U.S.-based specialty chemical company – announced that it has acquired the TPU business from The Dow Chemical Company, one of the leading chemical companies based in the U.S. The company declared that the acquisition is mainly aimed at leveraging Dow's strong TPU brand recognition in the U.S. to expand its global footprint and consolidate a strong position in the TPU elastomers market. The acquisition also could help Lubrizol to diversify its product portfolio at provide access to new industrial end-uses, such as medical devices, for its TPU elastomers business.

  • In November 2018, Wanhua Chemical Group Co. Ltd – a leading supplier of TPU elastomers – launched its new TPU adhesive and polyether TPU products suitable for equipment used in the firefighting industry. The company announced that the fast crystallization rate and excellent heat resistance of the company’s new TPU adhesives, and hydrolytic stability and good environmental adaptability of polyether TPU products for fire hose liner can improve the quality of various fire-fighting equipment significantly.

  • In October 2018, Covestro AG – a German stakeholder in the TPU elastomers market – announced that it has developed new TPU elastomer products, under the name cardyon™, based on carbon dioxide (CO2) technology. The new series of TPU products contains polyether carbonate polyols and has a high tensile strength 36 megapascals. The company announced that its new TPU products leave a lower carbon footprint as compared to their conventional counterparts and can be used in various industrial applications, including textiles, footwear, and petrochemical industrial applications.

  • In May 2018, Huntsman Corporation – an American multinational manufacturer of specialty chemicals – it will soon invest in a new polyurethanes systems house in Dubai. The company announced that the new facility will strengthen the company’s position in the TPU elastomers market in the Middle East. This will also enable the company to capitalize on increasing applications of TPU elastomers in the fast-growing footwear markets.

Other 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.

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A recent study published by FactMR analyzes growth of the global TPU elastomers market to provide readers with exclusive and actionable market insights. This study is backed by a two-step research process which is inclusive of various primary and secondary resources. The primary research methodology includes discussions with experts of TPU elastomers industry and information gathered after interviewing other stakeholders. In the secondary process, detailed information about the TPU elastomers market is garnered through various resources such as company annual reports, trade journals, paid resources, press releases, and other publications relevant to TPU elastomers.

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