Global Thermoplastic Polyurethane Market 2018-2022: Increasing Opportunities in APAC Due to Growing Automotive Industry - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 14, 2018--The “Global Thermoplastic Polyurethane Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global thermoplastic polyurethane market is projected to grow at a CAGR of 6.31% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is upcoming developments in bio-based products. Bio-based TPU is gaining significant traction due to its superior properties such as biodegradability, low density, and recyclability. The customers are attracted to these advantages provided by bio-based TPUs and are replacing their synthetic counterparts in several applications such as household objects, packaging, automobiles, and furniture.
According to the report, one driver in the market is increasing opportunities in APAC. The growth of automotive industry in APAC is expected to drive the demand for TPU. APAC is likely to register the highest growth in the TPU market during the forecast period due to the rapidly increasing population and rising purchasing power of individuals.
Further, the report states that one challenge in the market is damage to TPU structure caused by moisture. TPU elastomers are hygroscopic in nature, i.e., they absorb moisture when exposed to atmospheric humidity. Aromatic Pus undergo polymerization or depolymerization reactions at an equilibrium rate when processed above 355F.
Key VendorsBASF Covestro Huntsman International Huafeng Group The Lubrizol Corporation Wanhua Chemical Group
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Market Segmentation by Product Type
9. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/5kvszf/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005517/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 05/14/2018 06:41 AM/DISC: 05/14/2018 06:41 AM