DUBLIN--(BUSINESS WIRE)--The "Global Thermoplastic Polyurethane Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
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.
The global thermoplastic polyurethane market is expected to grow at a CAGR of 6.24% during the period 2017-2021.
One trend in the market is the upcoming developments in bio-based products. The interest in bio-based TPUs is rising, owing to their advantageous properties such as biodegradability, low density, recyclability, and cost-effectiveness. These advantages place bio-based TPUs at a commercially competitive position with synthetic TPUs. The industry has observed an opportunity to potentially replace synthetic TPUs with bio-based ones in several applications such as household objects, packaging, automobiles, and furniture.
One driver in the market is the rise in demand from automotive industry. Despite the overall slowing down of the demand for automotive, the global automotive industry is now in a better shape than it was five years ago, especially in the US where profits and sales have recovered after the recent economic crisis. In China, the strong growth is consistent. By 2021, the global profits for the automotive OEMs are expected to rise by almost 50%. The increase in profits is expected to come mainly from the growth in the emerging markets like India, China, and Thailand and to a lesser extent from developed markets like the US, Germany, Italy, and Japan.
- Huntsman International
- Wanhua Chemical Group
Other Prominent Vendors
- The Lubrizol Corporation
- Walton Plastics
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Product
Part 09: Market Segmentation by End-User
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/r4lm3h/global?w=4