Market Research Report
Asia-Pacific Thermoplastic Polyurethane (TPU) Market 2020-2026
|Asia-Pacific Thermoplastic Polyurethane (TPU) Market 2020-2026|
Published: November 13, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Asia-Pacific Thermoplastic Polyurethane (TPU) Market Size, Share & Trends Analysis Report, By Raw Material (Polyols, Diisocyanate, and Diols), By Application (Footwear, Industrial Machinery, Automotive, Electronics, Medical, and Others), and Forecast 2019-2025
The Asia-Pacific thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing applications of thermoplastic polyurethane in a wide range of end-user industries such as footwear, automotive, and medical industry. Asia-Pacific region is estimated to contribute a significant share in the global market owing to the contributions from countries such as China and Japan.
The Asia-Pacific thermoplastic polyurethane market is segmented on the basis of raw material and application. Based on the raw material, the market is segmented into polyols, diisocyanate, and diols. Further, on the basis of end-user, the market is segmented into footwear, automotive, industrial machinery, electronics, medical, and others. Thermoplastic polyurethane hot melt adhesives have a major application in the footwear industry for shoe joining and others. Thermoplastic polyurethane-based adhesives possess some properties such as good hot green strength and an excellent final bond, which have increased the application of TPU in the automotive industry. In the automotive industry, thermoplastic polyurethane is used in interior parts, such as instrument panel, door panel, and attachment clip.
Geographically, the Asia-Pacific thermoplastic polyurethane covers the country-level analysis of China, Japan, India, and the Rest of Asia-Pacific. The presence of major manufacturers in the region is one of the major factors driving the Asia-Pacific thermoplastic polyurethane market.
Moreover, the market report covers the analysis of various players operating in the market. Some of the global players operating in the Asia-Pacific thermoplastic polyurethane market include BASF SE, The Lubrizol Corp., Mitsubishi Chemical Corp., Mitsui Chemicals Inc., Tosoh Corp., and others. Owing to increasing competition in the market, the players in the market adopting various strategies such as merger and acquisition and partnership and collaboration, are focusing on the development of new products that tend to fuel market growth in the near future.
The market study of the Asia-Pacific thermoplastic polyurethane market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research has been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report is intended for thermoplastic polyurethane manufacturers, suppliers, raw material suppliers, traders, third-party distributors, automotive industry, healthcare industry, footwear industry, and other end-user industries, government organizations, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products & services offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report Covers: