The global thermoplastic polyurethane (TPU) market size is expected to reach USD 3.81 billion by 2028from USD 2.32 billion in 2021, exhibiting a CAGR of 7.3% between 2021 and 2028.
Report Aim Scope:
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
Segmentation-
Polyester-based TPU to Hold the Lion’s Share
Based on type, the market is segmented into polyester, polyether, polycaprolactone, and others. Polyester-based TPU is expected to hold the largest share during the forecast period due to its adoption in applications, which require resistance to oils, fuels, and water.
Drivers Restraints-
Development of Bio-based Polymers to Incite Growth
The usage of thermoplastic polyurethane will be fueled by the growing development of bio-based polymers, in turn, uplifting the TPUmarket growth.
The Report Lists the Key Companies in the Thermoplastic Polyurethane Market:
- BASF SE (Germany)
- Lubrizol Corporation (U.S.)
- Covestro AG (Germany)
- And others
Information source:
https://www.fortunebusinessinsights.com/thermoplastic-polyurethane-tpu-market-102389
