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Thermoplastic Polyurethane Market by End-Industry (Automotive, Building & Construction, Engineering, Footwear, Hose & Tube, Medical, and Wire & Cable) & Geography - Trends & Forecasts to 2018
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MarketsandMarkets Presents • Thermoplastic Polyurethane Market • Trends & Forecasts to 2018 http://www.marketsandmarkets.com/Market-Reports/thermoplastic-polyurethanes-market-1091.html
Thermoplastic Polyurethanes (TPU) are thermoplastic elastomers that are derived from diisocyanates with diols. They are known for the properties such as elasticity, transparency, and resistance to oil & grease and abrasion. TPU is a highly preferred material over the other engineering plastics in various end-user markets mainly due to its properties. TPU with its current global manufacturing is placed between commodity and engineering plastics. • The demand for lighter, flexible, and high impact and abrasion resistive material has helped thermoplastic polyurethane market to penetrate into the automotive, footwear, engineering, and medical applications. These products are currently used as a replacement of various materials in different end-user industries and the demand is expected to grow in the near future for this material. http://www.marketsandmarkets.com/Market-Reports/thermoplastic-polyurethanes-market-1091.html
http://www.marketsandmarkets.com/Market-Reports/thermoplastic-polyurethanes-market-1091.htmlhttp://www.marketsandmarkets.com/Market-Reports/thermoplastic-polyurethanes-market-1091.html • The global thermoplastic polyurethane market is driven by replacing materials that are not as superior as the TPU in terms of properties and physical attributes. Increasing R&D efforts are expected to ensure that the newer applications and demands from the end use markets are met with along with increasing the efficiency of thermoplastic polyurethane and other TPU grades. Increasing popularity in the automotive, engineering and medical industries promises the growth of TPU in the long-term future. http://www.marketsandmarkets.com/Market-Reports/thermoplastic-polyurethanes-market-1091.html
The global TPU market valued to be $1,453.4 million in 2012, which is estimated to reach about $2,174.0 million in 2018, growing at a CAGR of 7.2% from 2013 to 2018. The Asia-Pacific region led the global thermoplastic polyurethane market; it contributed nearly 52.8% of the total revenue in 2012. China was the global leader in terms of the consumption, followed by U.S.; together both these countries consumed 46.2% of the global consumption. The Indian TPU consumption for the end user applications is expected to grow at 8.4% from 2013 to 2018. http://www.marketsandmarkets.com/Market-Reports/thermoplastic-polyurethanes-market-1091.html
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