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
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