Authored By: Sarah
07 Jun 2021

Thermoplastic Polyurethane Market Size to Grow by $ 863.90 mn During 2020-2024

Technavio has been monitoring the thermoplastic polyurethane market and it is expected to grow by $ 863.90 mn, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Thermoplastic Polyurethane Market: APAC to lead market growth during the forecast period

  • 41% of the market growth will originate from APAC during the forecast period.
  • Superior properties of tpu will be a key trend that will influence market growth significantly.
  • The Increasing opportunities in apac will be a significant factor in driving the growth of the thermoplastic polyurethane market.

Thermoplastic Polyurethane Market to Post Incremental Growth of $ 863.90 mn During 2020-2024 | Key Geographies that will Drive Growth

Thermoplastic Polyurethane Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. API Spa, BASF SE, Covestro AG, DIC Corp., Dongsung Corp., Huntsman Corp., Kolon Industries Inc., Koninklijke DSM NV, The Lubrizol Corp., and Wanhua Chemical Group Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Thermoplastic Polyurethane Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive thermoplastic polyurethane market growth during the next five years
  • Precise estimation of the thermoplastic polyurethane market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the thermoplastic polyurethane market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of thermoplastic polyurethane market vendors
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