Europe Thermoplastic Polyurethane (TPU) Market –::' Registering a CAGR of 7.30%, Business Insights, Driving growth

In the top notch EUROPE THERMOPLASTIC POLYURETHANE (TPU) market report, the complete and crystal clear outline of the market is penned down which is useful for many businesses. With this business report not only an unskilled individual but also a professional can easily extrapolate the entire market within a few seconds. TOC, graphs and tables included in the report helps understand the market size, share, trends, growth drivers and market opportunities and challenges. The credible EUROPE THERMOPLASTIC POLYURETHANE (TPU) business report provides key statistics on the market status of global and regional manufacturers and is a valuable source of guidance and direction for the companies and individuals interested in the industry.

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Market Analysis and Size

The thermoplastic polyurethane market trends for the current forecast period show a progressive shift in attention toward creating bio-based goods, which offers the market remarkable features in terms of growth, expansion, and revenue expansion. In addition, the degree of research and development activity has increased. Therefore, the market is estimated to have lucrative growth over he forecasted period.

Europe thermoplastic polyurethane (TPU) market was valued at USD 690.35 million in 2021 and is expected to reach USD 1213.02 million by 2029, registering a CAGR of 7.30% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Thermoplastic polyurethane (TPU) is basically a special kind of material that bridges the gap between rubber and plastic. A polyaddition reaction creates a translucent, melt-processable, and extremely elastic thermoplastic elastomer. The characteristics of this material are transparency, high elasticity, resistance to high-energy radiation, abrasion, solvents, oil, and grease, string mechanical qualities, and can be as soft as rubber or as unyielding as rigid plastics. It is also environmentally friendly, biodegradable, and 100% recyclable as compared to polyvinyl chloride (PVC). It's largely utilized in specialty molded components, footwear, adhesives, hose, tubes, film, sheets, and wire and cable jacketing and other applications.

Europe Thermoplastic Polyurethane (TPU) Market Scope

The thermoplastic polyurethane (TPU) market is segmented on the basis of raw material, type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

· Diisocyanate

· Polyols

· Diols

· Others

Type

· Polyester

· Polyether

· Polycaprolactone

Application

· Extruded Products

· Injection Molded Products

· Adhesives

· Other Applications

End-User

· Footwear

· Industrial Machinery

· Automotive

· Electronics

· Medical

· Consumer Goods

· Sports and Leisure

· Building and Construction

· Textile

· Heavy Engineering

· Others

Thermoplastic Polyurethane (TPU) Market Share Analysis

The thermoplastic polyurethane (TPU) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to thermoplastic polyurethane (TPU) market.

Some of the major players operating in the thermoplastic polyurethane (TPU) market are

· BASF SE (Germany)

· The Lubrizol Corporation (U.S.)

· Covestro AG (Germany)

· HEXPOL AB (Japan)

· Huntsman Internaional LLC (U.S.)

· Wanhua (China)

· Sanyo Corporation of America (U.S.)

· COIM Group (Italy)

· Mitsui Chemicals, Inc., (Japan)

· Tosoh India Pvt. Ltd. (Japan)

· American Polyfilm Inc., (U.S.)