According to a market report by Lucintel, the future of the global thermoplastic polyurethane market looks promising with opportunities in the footwear, industrial machinery, automotive & transportation, electronic, and medical markets. The global thermoplastic polyurethane market is expected to reach an estimated $5.2 billion by 2030 from $3.5 billion in 2024, at a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight and durable materials, growing automotive industry, and rising construction activity.
A more than 150-page report to understand trends, opportunity and forecast in thermoplastic polyurethane market to 2030 by raw material type (diisocyanates, polyols, diols, and adipic acid), type (polyester, polyether, polycaprolactone, and polycarbonate-based TPU), technology (blow molding, solvent casting, lamination, extrusion, injection molding, and others), end use (footwear, industrial machinery, automotive & transportation, electronics, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that diisocyanates will remain the largest segment over the forecast period.
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APAC will remain the largest region over the forecast period due to increasing demand for thermoplastic polyurethane from footwear and automotive sector and existence of major hub for production and consumption of industrail machine and electronics manufacturing in the region.
Lubrizol, Covestro, BASF, Avient, Huntsman, Trinseo, Epaflex Polyurethanes, Dongsung, Wanhua Chemical, Hexpol are the major suppliers in the thermoplastic polyurethane market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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