Thermoplastic Polyurethane Materials Market
Thermoplastic Polyurethane Materials Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Thermoplastic Polyurethane Materials Market Size and Growth
The Thermoplastic Polyurethane (TPU) Materials market is experiencing substantial growth, driven by rising demand across automotive, construction, and electronics sectors. The global market size was valued at approximately USD 2.8 billion in 2022 and is projected to expand at a CAGR of around 6% through 2030, reflecting favorable market conditions.
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Companies Covered
(Covid 19 Impact Covered)
◍ Lubrizol
◍ RTP Company
◍ Covestro
◍ BASF
◍ Epaflex
◍ Huntsman
◍ Shin-Etsu
◍ NewPower
◍ Kuraray
◍ Wanhua
◍ GMF
◍ Guosheng
The Thermoplastic Polyurethane (TPU) market is competitive, with key players like Lubrizol, RTP Company, Covestro, and BASF innovating in diverse applications. Companies focus on enhancing product performance and sustainability, driving market growth. Sales revenue from some include:
- Covestro: Approximately $14 billion
- BASF: About $80 billion
These innovations boost industry demand.
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Market Segmentation
By Application
Automotive
Consumer Goods
Construction
Others
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By Product
Foam
Elastomer
Others
Market Growth
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$ X Billion USD
