Thermoplastic Polyurethanes (TPU)
Material Market
Thermoplastic Polyurethanes (TPU) Material Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Thermoplastic Polyurethanes (TPU) Material Market Size and Growth
The Thermoplastic Polyurethanes (TPU) market is witnessing robust growth, driven by rising demand in automotive, healthcare, and consumer goods sectors. As of 2023, the global TPU market size is estimated at approximately $1.8 billion, with a projected CAGR of 6.5% over the next five years, reflecting increasing applications and innovations.
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Companies Covered
(Covid 19 Impact Covered)
◍ American Polyfilm
◍ API Plastics
◍ Huntsman Corporation
◍ BASF
◍ Covestro
◍ Hexpol
◍ Polyone Corporation
◍ Wanhua Chemical Group
◍ Kuraray
◍ The Lubrizol Corporation
The Thermoplastic Polyurethanes (TPU) market features key players like BASF, Huntsman, and Covestro, focusing on applications in automotive, footwear, and medical sectors. These companies drive innovation and expand market reach through product development and sustainability initiatives. For example, BASF reported sales of approximately $86 billion, while Huntsman generated around $9 billion.
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Market Segmentation
By Application
◍ Industrial Utilization
◍ Consumer Goods
◍ Construction
◍ Medicine Utilization
◍ Others
By Product
◍ Polyester-based TPUs
◍ Polyether-based TPUs
◍ Polycaprolactone TPUs
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Market Growth
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$ X Billion USD
