Thermoplastic Polyurethane Market Development Analysis and Business opportunities Report
The factors that propel the growth of the market include its substitution with conventional materials in end user industry, improved abrasion resistance, growing populace, and increasing buying power of individuals.
thermoplastic polyurethane market(firmenpresse) - Global Thermoplastic Polyurethane Market is anticipated to grow considerably in the forecast period. A distinctive class of plastic is produced when polyaddition happens between a diisocyanate and one or more diols. This plastic is referred to as “Thermoplastic Polyurethane”. They have many useful properties such as resistance to oil, elasticity, grease and abrasion, etc. The factors that propel the growth of the market include its substitution with conventional materials in end user industry, improved abrasion resistance, growing populace, and increasing buying power of individuals.
On the other hand, there are factors that may hamper the development of the market including rising environmental concerns with the production and usage of thermoplastic polyurethanes. Thermoplastic Polyurethane Market is anticipated to grow at a significant CAGR of 7.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by type, application, and geography. The market may be explored by type as Polyester, Polycaprolactone, and Polyether. The “Polyester” sector led the market in 2016 and is anticipated to maintain its dominance by 2020 owing to suitability of polyester in a number of applications in numerous end-use industries, such as engineering, automotive, and construction & building among others.
The key applications that could be explored in the Thermoplastic Polyurethane Market include Footwear, Automotive, Engineering, Wires & Cables, Building & Construction, Medical, and Hose & Tubing. The “Footwear” sector led the market in 2016 and is anticipated to maintain its dominance by 2020. Footwear segment is followed by Wires and Cables.
Asia-Pacific accounted for the major share of the Thermoplastic Polyurethane Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes growing demand for thermoplastic polyurethane from developing countries, such as China and India. China is the major market for thermoplastic polyurethanes in the Asia-Pacific region.
Some of the key players that fuel the growth of the Thermoplastic Polyurethane Market comprise BASF SE, API Plastics, Bayer Material Science AG, Wanhua Chemical Group Co. Ltd, Hexpol AB, COIM, Headway Polyurethane Co. Ltd., Huntsman Corporation, Miracll Chemical Co. Ltd., Lubrizol Corporation, and others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Themen in dieser Pressemitteilung:
thermoplastic-polyurethane-market
chemicals-and-materials
thermoplastic-polyurethane
thermoplastic-polyurethane-industry
chemicals-and-materials-market
chemicals-and-materials-industry
chemicals-market
chemicals-industry
Unternehmensinformation / Kurzprofil:
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 19.09.2019 - 08:48 Uhr
Sprache: Deutsch
News-ID 599068
Anzahl Zeichen: 2875
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Chemical industry
Typ of Press Release: Financial
type of sending: send
Date of sending: 19.09.2019
Diese Pressemitteilung wurde bisher 175 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Thermoplastic Polyurethane Market Development Analysis and Business opportunities Report"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
