HOME Top Market Reports Thermoplastic Polyurethane Market by End-Industry (Automotive, Building & Construction, Engineering, Footwear, Hose & Tube, Medical, and Wire & Cable) & Geography - Trends & Forecasts to 2018

Thermoplastic Polyurethane Market by End-Industry (Automotive, Building & Construction, Engineering, Footwear, Hose & Tube, Medical, and Wire & Cable) & Geography - Trends & Forecasts to 2018

By: marketsandmarkets.com
Publishing Date: March 2014
Report Code: CH 2290

 

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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.

Last five years has seen the global TPU market growing despite the economic slowdown in the European countries and the thermoplastic polyurethane market is expected to grow at a significant rate in the next five years, the growth is mainly driven by cost effectiveness & increasing demands from the end-user market. China shared about 36.31% of the global demand in 2012. Asia-Pacific is the leader in consumption and revenue generation followed by Western Europe in the global TPU market.

This study basically aims to estimate the global thermoplastic polyurethane market for 2013 and to project the expected demand of the same by 2018. This market research study provides detailed qualitative and quantitative analysis of the global TPU market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and forecasted for major regions of North America, Western Europe, Asia-Pacific, and Rest of the World (ROW). Major countries with the market volumes and revenues are covered for each region.

Various secondary sources have been used such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of thermoplastic polyurethane market. The primary sources–experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of TPU.

The leading players of this industry have been profile with their recent developments and other strategic initiatives in the industry. These include: Bayer Material Science AG (Germany), BASF SE (Germany), Huntsman Corporation (U.S.), Lubrizol Corporation (U.S.), Wanhua chemical Group Co. Ltd (China), and other market players.

Scope of the report: This research report categorizes the global thermoplastic polyurethane market on the basis of applications and geography; forecasting volumes and revenues and analyzing trends in each of the submarkets.

On the basis of applications: The thermoplastic polyurethane market is segmented on the basis of industry applications such as automotive, building & construction, engineering, footwear, hose & tubing, medical and wire & cable. Each application is further described in detail in the report with the forecast of its volume and revenue.

On the basis of geography: North America, Western Europe, Asia-Pacific, and ROW and the key countries in these regions.

Please click here to get the relevant report of Thermoplastic Elastomers Market By Types (SBC, TPO, TPV, TPU, COPE, PEBA), Applications & Geography — Trends & Forecasts To 2018

Table Of Contents

1 Introduction (Page No. - 14)
   1.1 Key Take-Aways
   1.2 Report Description
   1.3 Stakeholders
   1.4 Research Methodology
        1.4.1 Market Size
        1.4.2 Major Secondary Sources Used
        1.4.3 Key Data Points Taken From Secondary Sources
        1.4.4 Key Data Points Taken From Primary Sources
        1.4.5 Assumptions Made For This Report

2 Executive Summary (Page No. - 20)

3 Premium Insights (Page No. - 25)
   3.1 TPU Market Segments
   3.2 TPU Market Dynamics
   3.3 Thermoplastic Polyurethane Market Outlook
   3.4 TPU Market By End Use

4 Market Overview (Page No. - 33)
   4.1 Introduction
   4.2 Value Chain Analysis
        4.2.1 Producers
        4.2.2 Suppliers & Distributors
        4.2.3 End-Use Markets
   4.3 Market Dynamics
                4.3.1 Drivers
                       4.3.1.1 Growing Demand From Automobile Industry
                       4.3.1.2 Scope For Innovation in the Footwear Industry
                4.3.2 Restraints
                       4.3.2.1 Price Volatility
        4.3.3 Opportunities
                       4.3.3.1 Development of Bio-Based TPU
                       4.3.3.2 Replacement of Pvc With Thermoplastic Polyurethane in Medical Industry
        4.3.4 Winning Imperatives
                       4.3.4.1 Scope of High Applicability in Automobiles
                       4.3.4.2 Environment Friendly-High Recyclability
        4.3.5 Burning Issues
                       4.3.5.1 Forward Integration Among the Major Manufacturers
   4.4 Porter’s Five Force Analysis
        4.4.1 Suppliers’ Power
        4.4.2 Threat of New Entrants
        4.4.3 Threat of Substitutes
        4.4.4 Buyers’ Power
        4.4.5 Degree of Competition
   4.5 Market Share Analysis

5 Thermoplastic Polyurethane Market, By End-Use (Page No. - 55)
   5.1 Introduction
   5.2 Automotive
        5.2.1 Overview
        5.2.2 Automotive Market, By Region
   5.3 Building & Construction
        5.3.1 Overview
        5.3.2 Building & Construction Market, By Region
   5.4 Engineering
        5.4.1 Overview
        5.4.2 Engineering Market, By Region
   5.5 Footwear
        5.5.1 Overview
        5.5.2 Footwear Market, By Region
   5.6 Hose & Tube
        5.6.1 Overview
        5.6.2 Hose & Tube Market, By Region
   5.7 Medical
        5.7.1 Overview
        5.7.2 Medical Market, By Region
   5.8 Wire & Cable
        5.8.1 Overview
        5.8.2 Wire & Cable Market, By Region

6 Thermoplastic Polyurethane Market, By Geography (Page No. - 80)
   6.1 Introduction
        6.1.1 North America
                       6.1.1.1 Overview
                       6.1.1.2 U.S.
                       6.1.1.3 Canada
                       6.1.1.4 Mexico
        6.1.2 Western Europe
                       6.1.2.1 Overview
                       6.1.2.2 Germany
                       6.1.2.3 France
                       6.1.2.4 Italy
                       6.1.2.5 Spain
                       6.1.2.6 U.K.
        6.1.3 Asia-Pacific
                       6.1.3.1 Overview
                       6.1.3.2 China
                       6.1.3.3 India
                       6.1.3.4 Japan
                       6.1.3.5 South Korea
                       6.1.3.6 Taiwan
        6.1.4 ROW
                       6.1.4.1 Brazil
                       6.1.4.2 Russia
 
7 Competitive Landscape (Page No. - 131)
   7.1 Introduction
   7.2 New Product Development: the Most Popular Growth Strategy
   7.3 Maximum Developments in 2012
   7.4 Western Europe: Region With Maximum Developments
   7.5 Huntsman Corporation, Bayer Material Science Ag, & BASF SE: the Leading Market Participants

8 Company Profiles (Overview, Financial*, Products & Services, Strategy, and Developments) (Page No. - 139)
   8.1 API Plastics
   8.2 BASF SE
   8.3 Bayer Material Science Ag
   8.4 COIM
   8.5 Headway Polyurethane Co. Ltd.
   8.6 Hexpol AB
   8.7 Huntsman Corporation
   8.8 Lubrizol Corporation
   8.9 Miracll Chemical Co. Ltd.
   8.1 Polyone Corporation
   8.11 Taiwan Sheen Soon
   8.12 Wanhua Chemical Group Co. Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies.


List of Tables (70 Tables)

Table 1 Thermoplastic Polyurethane: Market Volume, By Geography, 2011–2018 (Kt)
Table 2 TPU: Market Value, By Geography, 2011–2018 ($Million)
Table 3 Thermoplastic Polyurethane: Market Volume, By End Use, 2011–2018 (Kt)
Table 4 TPU: Market Value, By End Use, 2011–2018 ($Million)
Table 5 TPU: Major Producers & their Brands
Table 6 Thermoplastic Polyurethane: Major Producers & their Bio Based Brands
Table 7 TPU: Properties
Table 8 Thermoplastic Polyurethane: End Use Markets & their Applications
Table 9 Automotive: TPU Market Volume (Kt) & Value ($Million), 2011–2018
Table 10 Automotive: TPU Market Volume, By Region, 2011–2018 (Kt)
Table 11 Automotive: Market Value, By Region, 2011–2018 ($Million)
Table 12 Building & Construction: TPU Market Volume (Kt) & Value ($Million), 2011–2018
Table 13 Building & Construction: Market Volume, By Region, 2011–2018 (Kt)
Table 14 Building & Construction: Thermoplastic Polyurethane Market Value, By Region, 2011–2018 ($Million) 64
Table 15 Engineering: TPU Market Volume (Kt) & Value ($Million), 2011–2018
Table 16 Engineering: Thermoplastic Polyurethane Market Volume, By Region, 2011–2018 (Kt)
Table 17 Engineering: Market Value, By Region, 2011–2018 ($Million)
Table 18 Footwear: Thermoplastic Polyurethane Market Volume (Kt) & Value ($Million), 2011–2018
Table 19 Footwear: TPU Market Volume, By Region, 2011–2018 (Kt)
Table 20 Footwear: TPU Market Value, By Region, 2011–2018 ($Million)
Table 21 Hose & Tube: Thermoplastic Polyurethane Market Volume (Kt) & Value ($Million), 2011–2018
Table 22 Hose & Tube: TPU Market Volume, By Region, 2011–2018 (Kt)
Table 23 Hose & Tube: TPU Market Value, By Region, 2011–2018 ($Million)
Table 24 Medical: Thermoplastic Polyurethane Market Volume (Kt) & Value ($Million), 2011–2018
Table 25 Medical: TPU Market Volume, By Region, 2011–2018 (Kt)
Table 26 Medical: TPU Market Value, By Region, 2011–2018 ($Million)
Table 27 Wire & Cable: Thermoplastic Polyurethane Market Volume (Kt) & Value ($Million), 2011–2018
Table 28 Wire & Cable: TPU Market Volume, By Region, 2011–2018 (Kt)
Table 29 Wire & Cable: TPU Market Value, By Region, 2011–2018 ($Million)
Table 30 North America: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 31 North America: Thermoplastic Polyurethane Market Value, By End Use, 2011–2018 ($Million)
Table 32 U.S.: Pu Major Trade Markets
Table 33 U.S.: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 34 U.S.: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 35 Canada: Thermoplastic Polyurethane Market Volume, By End Use, 2011–2018 (Kt)
Table 36 Canada: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 37 Mexico: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 38 Mexico: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 39 Western Europe: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 40 Western Europe: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 41 Germany: Pu Major Trade Markets
Table 42 Germany: Thermoplastic Polyurethane Market Volume, By End Use, 2011–2018 (Kt)
Table 43 Germany: TPU Market Value, By End Use,2011–2018 ($Million)
Table 44 France: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 45 France: Thermoplastic Polyurethane Market Value, By End Use, 2011–2018 ($Million)
Table 46 Italy: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 47 Italy: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 48 Spain: Thermoplastic Polyurethane Market Volume, By End Use, 2011–2018 (Kt)
Table 49 Spain: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 50 U.K.: Pu Major Trade Markets
Table 51 U.K.: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 52 U.K.: Thermoplastic Polyurethane Market Value, By End Use, 2011–2018 ($Million)
Table 53 Asia-Pacific: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 54 Asia-Pacific: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 55 China: Pu Major Trade Markets
Table 56 China: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 57 China: Thermoplastic Polyurethane Market Value, By End Use, 2011–2018 ($Million)
Table 58 India: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 59 India: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 60 Japan: Pu Major Trade Markets
Table 61 Japan: Thermoplastic Polyurethane Market Volume, By End Use, 2011–2018 (Kt)
Table 62 Japan: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 63 South Korea: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 64 South Korea: Thermoplastic Polyurethane Market Value, By End Use, 2011–2018 ($Million)
Table 65 Taiwan: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 66 Taiwan: TPU Market Value, By End Use, 2011–2018 ($Million)
Table 67 Brazil: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 68 Brazil: Thermoplastic Polyurethane Market Value, By End Use, 2011–2018 ($Million)
Table 69 Russia: TPU Market Volume, By End Use, 2011–2018 (Kt)
Table 70 Russia: TPU Market Value, By End Use, 2011–2018 ($Million)


List of Figures (23 Figures)
 
Figure 1 TPU: Market Segments
Figure 2 TPU: Market Dynamics
Figure 3 Thermoplastic Polyurethane: Drivers Vs Restraints
Figure 4 TPU: Porter’s Five Forces Analysis
Figure 5 TPU: Regional Market Life Cycle
Figure 6 Thermoplastic Polyurethane: Market Overview, By Geography, 2011–2018
Figure 7 TPU: Market Share By End-Use, 2012 Vs 2018
Figure 8 TPU: Value Chain Analysis
Figure 9 TPU: Impact Analysis of Major Drivers
Figure 10 TPU: Impact Analysis of Major Restraint
Figure 11 TPU: Impact Analysis of Major Opportunities
Figure 12 Porter's Five Forces Analysis
Figure 13 Thermoplastic Polyurethane: Market Share By Capacity
Figure 14 TPU: Market Consumption Share, By End Use, 2012
Figure 15 Thermoplastic Polyurethane: Market Share, By Geography, 2012
Figure 16 North America: TPU Market Share, By Country, 2012
Figure 17 Western Europe: TPU Market Share, By Country, 2012
Figure 18 Asia-Pacific: TPU Market Share, By Country, 2012
Figure 19 ROW: Thermoplastic Polyurethane Market Share, By Country, 2012
Figure 20 TPU: Market Strategy Distribution, By Geography, 2010-2013
Figure 21 TPU: Market Developments, By Growth Strategy, 2010–2013
Figure 22 Thermoplastic Polyurethane: Market Growth Strategy, By Geography, 2010–2013
Figure 23 TPU: Market Activity Share, By Company, 2010–2013

Thermoplastic polyurethane (TPU) is one of the most preferred engineering plastic by various end-user industries. It is gaining popularity among the end-user market mainly due to its properties to satisfy the diverse application needs. Footwear market is the biggest end user segment for the industry. However, this product is gaining popularity in the automotive industry and various interior and exterior applications. Medical applications of these products are expected to witness the double digit growth, owing to the trend of PVC replacement with TPU. Bio-based TPU is in the nascent stage for the commercialization of bio-based materials. The increase in the production of bio-based materials would help the products to penetrate in the eco sensitive markets. The increased applications in automobile and scope of development in footwear industry is an opportunity for the growth of TPU material in these end use markets.

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.

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.

Thermoplastic Polyurethane Market Share (Revenue), by Geography, 2012 ($Million)

Thermoplastic Polyurethane Market

Source: MarketsandMarkets Analysis

New product launch is the major strategy adopted by the companies for increasing their market share. Other development strategies that major market players are engaged in are mergers & acquisitions, agreements & collaboration and expansion. Companies are expanding their geographical footprints by setting up plants at new locations; Asia-Pacific is emerging as a top destination for the companies in order to expand.

Thermoplastic polyurethane manufacturers are investing heavily in the research & development activities to create new grades of TPU with advanced and new properties to meet the new demands arising from the end-user market. One of the major problems is the price setting by major players that is restraining the growth of thermoplastic polyurethane market.

The report analyzes the market on the basis of thermoplastic polyurethane end-user markets, penetration of each type of end-user market in each major region, and also covers the market behavior of leading producers, key developments, and strategies implemented to sustain and succeed in the market.

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