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熱可塑性ポリウレタンの2030年までの市場予測:原材料、用途、エンドユーザー、地域別の世界分析

Thermoplastic Polyurethane Market Forecasts to 2030 - Global Analysis By Raw Material, Application, End User and By Geography

出版日: | 発行: Stratistics Market Research Consulting | ページ情報: 英文 200+ Pages | 納期: 2~3営業日

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価格
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本日の銀行送金レート: 1USD=158.97円
熱可塑性ポリウレタンの2030年までの市場予測:原材料、用途、エンドユーザー、地域別の世界分析
出版日: 2024年03月03日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、熱可塑性ポリウレタンの世界市場は2023年に35億米ドルを占め、予測期間中のCAGRは9.1%で成長し、2030年には64億米ドルに達すると予測されています。

熱可塑性ポリウレタン(TPU)は、射出成形、圧縮成形、押出成形などの方法で熱可塑性エラストマーを加工して形成されます。柔らかいエンジニアリング熱可塑性プラスチックや硬いゴム製品に適しています。熱可塑性ポリウレタンは、透明性、柔軟性、耐摩耗性、耐油性、耐グリース性などの特質から、自動車、航空宇宙、医療産業などで広く利用されています。また、熱可塑性ポリウレタンは完全にリサイクル可能で、生分解性があり、環境に優しいため、PVCや他のポリマーの効果的な代替品となっています。

中国自動車工業協会(CAAM)によると、中国は世界最大の自動車生産拠点であり、2022年の自動車総生産台数は2,700万台と、昨年の2,600万台から3.4%増加します。

軽量・低燃費素材への需要の高まり

自動車、航空宇宙、消費財などの業界が効率性と持続可能性の必要性を強調するなか、TPUは魅力的なソリューションを提供します。高い強度対重量比、柔軟性、耐久性など、TPUのユニークな特性は、軽量化と燃費効率が最優先される用途に最適です。例えば自動車製造では、TPUはエアバッグカバー、インストルメントパネル、内装トリムなどの部品に利用され、車両全体の軽量化と燃費の向上に貢献しています。

変動する原料価格

多用途ポリマーであるTPUは、ジイソシアネートやポリオールなどのさまざまな原料に依存しており、その価格は、世界の需給関係、地政学的緊張、原油価格の変動などの要因に影響されて変動しやすいです。こうした不確実性は生産工程を混乱させ、メーカーの正確なコスト予測能力を妨げ、競争価格と利益率の維持に課題をもたらします。しかし、原材料価格の突然の高騰は、その影響を緩和するために製品価格の調整や品質の妥協を必要とし、市場競争力や顧客満足度に影響を及ぼす可能性があります。

技術の進歩

技術の進化に伴い、メーカーは耐久性、柔軟性、耐薬品性、耐摩耗性などの特性を向上させたTPUの新しい配合を開発できるようになりました。加工技術の進歩は、より効率的な生産方法を可能にし、コスト削減と市場での競争力強化につながります。さらに、積層造形(3Dプリンティング)のような新たな技術は、自動車、ヘルスケア、エレクトロニクスなどの産業でTPU活用の新たな道を開きつつあり、カスタマイズされた複雑な形状を容易に実現できるようになっています。

環境への配慮

TPUの製造にはさまざまな化学薬品が使用されるが、その中には適切に管理されないと環境に有害なものもあります。TPU製品は分解されにくいことが多く、プラスチック汚染の原因となる可能性があるため、ライフサイクル終了後の廃棄が課題となります。さらに、TPUの製造工程にはエネルギー集約的な性質があるため、特に再生不可能なエネルギー源から供給される場合は、環境フットプリントが増大します。こうした要素が市場の成長を妨げています。

COVID-19の影響:

当初、世界のサプライチェーンの混乱は、原材料の不足と物流の問題を引き起こし、生産と流通のネットワークに影響を与えました。自動車、建設、消費財などの主要エンドユーザー産業が、封鎖措置や経済の不確実性により減速や操業停止に見舞われたため、需要の変動が生じた。物流や出荷の混乱は、世界中の顧客へのTPU製品のタイムリーな納入をさらに妨げました。しかし、需要パターンの変動はさらに状況を悪化させ、サプライヤーが市場のニーズを正確に予測することを困難にしています。

予測期間中、ポリカプロラクトンセグメントが最大になる見込み

ポリカプロラクトンセグメントは、高い柔軟性、優れた耐摩耗性、さまざまな添加剤との相溶性により、TPUの性能を高めるための理想的な候補となるため、予測期間中最大のシェアを占めると予想されます。自動車部品から医療機器、消費財に至る幅広い用途において、PCLセグメントを組み込むことで耐久性、弾性、持続可能性が向上します。さらに、環境に優しい素材が重視されるようになったことで、PCLベースのTPUは、性能を犠牲にすることなく生分解性が得られるため、採用が進んでいます。

合成皮革セグメントは予測期間中最も高いCAGRが見込まれる

合成皮革分野は、その多用途性、耐久性、環境に優しい特性から、予測期間中に最も高いCAGRが見込まれます。本革に代わる持続可能な代替品に対する消費者の嗜好の高まりが、このセグメントにおけるTPUの採用をさらに後押ししています。さらに、TPU技術の進歩により、合成皮革製品の性能と美観を高める革新的な配合が開発され、靴や自動車の内装から椅子張りやアクセサリーに至るまで、多様な用途に対応しています。

最大のシェアを占める地域

予測期間中、北米地域が市場で最大のシェアを占めました。持続可能性と環境への関心が高まるにつれ、規制はますます厳しくなり、従来のプラスチックに代わる環境にやさしいTPUのような素材が好まれるようになっています。TPUは汎用性、耐久性、リサイクル性に優れているため、この地域では自動車、靴、電子機器、医療機器など、さまざまな産業分野の用途に選ばれています。さらに、国内製造を促進し、輸入への依存を減らす取り組みが、TPUの需要をさらに押し上げ、地域の成長を促進しています。

CAGRが最も高い地域:

アジア太平洋地域は、その耐摩耗性、滑りにくさ、魅力的な品質から、予測期間を通じて有益な成長を遂げると予測されています。この地域の熱可塑性ポリウレタンフィラメントは弾力性と柔軟性があるため、柔軟で長持ちする3Dプリントアイテムの生産が可能です。例えば、熱可塑性ポリウレタンは、正確にフィットするガスケット、携帯電話ケース、靴底、ウェアラブルなどの製品を作る際に考慮すべき材料です。

無料のカスタマイズサービス:

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます:

  • 企業プロファイル
    • 追加市場プレイヤーの包括的プロファイリング(3社まで)
    • 主要企業のSWOT分析(3社まで)
  • 地域セグメンテーション
    • 顧客の関心に応じた主要国の市場推計・予測・CAGR(注:フィージビリティチェックによる)
  • 競合ベンチマーキング
    • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 概要
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査ソース
    • 1次調査ソース
    • 2次調査ソース
    • 前提条件

第3章 市場動向分析

  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • アプリケーション分析
  • エンドユーザー分析
  • 新興市場
  • 新型コロナウイルス感染症(COVID-19)の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競争企業間の敵対関係

第5章 世界の熱可塑性ポリウレタン市場:原材料別

  • ポリカプロラクトン
  • ポリエーテル
  • ポリエステル
  • ジオール
  • ポリオール
  • ジイソシアネート
  • その他の原材料

第6章 世界の熱可塑性ポリウレタン市場:用途別

  • 接着剤
  • 射出成形品
  • 押出成形品
  • 合成皮革
  • その他の用途

第7章 世界の熱可塑性ポリウレタン市場:エンドユーザー別

  • ワイヤーとケーブル
  • ホースとチューブ
  • その他のエンドユーザー

第8章 世界の熱可塑性ポリウレタン市場:地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン
    • その他欧州
  • アジア太平洋地域
    • 日本
    • 中国
    • インド
    • オーストラリア
    • ニュージーランド
    • 韓国
    • その他アジア太平洋地域
  • 南米
    • アルゼンチン
    • ブラジル
    • チリ
    • その他南米
  • 中東とアフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • カタール
    • 南アフリカ
    • その他中東とアフリカ

第9章 主な発展

  • 契約、パートナーシップ、コラボレーション、合弁事業
  • 買収と合併
  • 新製品の発売
  • 事業拡大
  • その他の主要戦略

第10章 企業プロファイル

  • American Polyfilm Inc
  • Avient Corporation
  • BASF SE
  • Covestro AG
  • Dongsung Corporation
  • Epaflex Polyurethanes SpA
  • Hexpol AB
  • Huafeng Group
  • Huntsman Corporation
  • Kuraray Co., Ltd
  • Lubrizol Corporation
  • Miracll Chemicals Co. Ltd
  • Sumei Chemical Co. Ltd
  • The Lubrizol Corporation
  • Tosoh Corporation
図表

List of Tables

  • Table 1 Global Thermoplastic Polyurethane Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Thermoplastic Polyurethane Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 3 Global Thermoplastic Polyurethane Market Outlook, By Polycaprolactone (2021-2030) ($MN)
  • Table 4 Global Thermoplastic Polyurethane Market Outlook, By Polyether (2021-2030) ($MN)
  • Table 5 Global Thermoplastic Polyurethane Market Outlook, By Polyester (2021-2030) ($MN)
  • Table 6 Global Thermoplastic Polyurethane Market Outlook, By Diols (2021-2030) ($MN)
  • Table 7 Global Thermoplastic Polyurethane Market Outlook, By Polyols (2021-2030) ($MN)
  • Table 8 Global Thermoplastic Polyurethane Market Outlook, By Diisocyanate (2021-2030) ($MN)
  • Table 9 Global Thermoplastic Polyurethane Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 10 Global Thermoplastic Polyurethane Market Outlook, By Application (2021-2030) ($MN)
  • Table 11 Global Thermoplastic Polyurethane Market Outlook, By Adhesives (2021-2030) ($MN)
  • Table 12 Global Thermoplastic Polyurethane Market Outlook, By Injection Molded Products (2021-2030) ($MN)
  • Table 13 Global Thermoplastic Polyurethane Market Outlook, By Extruded Products (2021-2030) ($MN)
  • Table 14 Global Thermoplastic Polyurethane Market Outlook, By Synthetic Leather (2021-2030) ($MN)
  • Table 15 Global Thermoplastic Polyurethane Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 16 Global Thermoplastic Polyurethane Market Outlook, By End User (2021-2030) ($MN)
  • Table 17 Global Thermoplastic Polyurethane Market Outlook, By Wire & Cable (2021-2030) ($MN)
  • Table 18 Global Thermoplastic Polyurethane Market Outlook, By Hose & Tubing (2021-2030) ($MN)
  • Table 19 Global Thermoplastic Polyurethane Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 20 North America Thermoplastic Polyurethane Market Outlook, By Country (2021-2030) ($MN)
  • Table 21 North America Thermoplastic Polyurethane Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 22 North America Thermoplastic Polyurethane Market Outlook, By Polycaprolactone (2021-2030) ($MN)
  • Table 23 North America Thermoplastic Polyurethane Market Outlook, By Polyether (2021-2030) ($MN)
  • Table 24 North America Thermoplastic Polyurethane Market Outlook, By Polyester (2021-2030) ($MN)
  • Table 25 North America Thermoplastic Polyurethane Market Outlook, By Diols (2021-2030) ($MN)
  • Table 26 North America Thermoplastic Polyurethane Market Outlook, By Polyols (2021-2030) ($MN)
  • Table 27 North America Thermoplastic Polyurethane Market Outlook, By Diisocyanate (2021-2030) ($MN)
  • Table 28 North America Thermoplastic Polyurethane Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 29 North America Thermoplastic Polyurethane Market Outlook, By Application (2021-2030) ($MN)
  • Table 30 North America Thermoplastic Polyurethane Market Outlook, By Adhesives (2021-2030) ($MN)
  • Table 31 North America Thermoplastic Polyurethane Market Outlook, By Injection Molded Products (2021-2030) ($MN)
  • Table 32 North America Thermoplastic Polyurethane Market Outlook, By Extruded Products (2021-2030) ($MN)
  • Table 33 North America Thermoplastic Polyurethane Market Outlook, By Synthetic Leather (2021-2030) ($MN)
  • Table 34 North America Thermoplastic Polyurethane Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 35 North America Thermoplastic Polyurethane Market Outlook, By End User (2021-2030) ($MN)
  • Table 36 North America Thermoplastic Polyurethane Market Outlook, By Wire & Cable (2021-2030) ($MN)
  • Table 37 North America Thermoplastic Polyurethane Market Outlook, By Hose & Tubing (2021-2030) ($MN)
  • Table 38 North America Thermoplastic Polyurethane Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 39 Europe Thermoplastic Polyurethane Market Outlook, By Country (2021-2030) ($MN)
  • Table 40 Europe Thermoplastic Polyurethane Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 41 Europe Thermoplastic Polyurethane Market Outlook, By Polycaprolactone (2021-2030) ($MN)
  • Table 42 Europe Thermoplastic Polyurethane Market Outlook, By Polyether (2021-2030) ($MN)
  • Table 43 Europe Thermoplastic Polyurethane Market Outlook, By Polyester (2021-2030) ($MN)
  • Table 44 Europe Thermoplastic Polyurethane Market Outlook, By Diols (2021-2030) ($MN)
  • Table 45 Europe Thermoplastic Polyurethane Market Outlook, By Polyols (2021-2030) ($MN)
  • Table 46 Europe Thermoplastic Polyurethane Market Outlook, By Diisocyanate (2021-2030) ($MN)
  • Table 47 Europe Thermoplastic Polyurethane Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 48 Europe Thermoplastic Polyurethane Market Outlook, By Application (2021-2030) ($MN)
  • Table 49 Europe Thermoplastic Polyurethane Market Outlook, By Adhesives (2021-2030) ($MN)
  • Table 50 Europe Thermoplastic Polyurethane Market Outlook, By Injection Molded Products (2021-2030) ($MN)
  • Table 51 Europe Thermoplastic Polyurethane Market Outlook, By Extruded Products (2021-2030) ($MN)
  • Table 52 Europe Thermoplastic Polyurethane Market Outlook, By Synthetic Leather (2021-2030) ($MN)
  • Table 53 Europe Thermoplastic Polyurethane Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 54 Europe Thermoplastic Polyurethane Market Outlook, By End User (2021-2030) ($MN)
  • Table 55 Europe Thermoplastic Polyurethane Market Outlook, By Wire & Cable (2021-2030) ($MN)
  • Table 56 Europe Thermoplastic Polyurethane Market Outlook, By Hose & Tubing (2021-2030) ($MN)
  • Table 57 Europe Thermoplastic Polyurethane Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 58 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Country (2021-2030) ($MN)
  • Table 59 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 60 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Polycaprolactone (2021-2030) ($MN)
  • Table 61 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Polyether (2021-2030) ($MN)
  • Table 62 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Polyester (2021-2030) ($MN)
  • Table 63 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Diols (2021-2030) ($MN)
  • Table 64 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Polyols (2021-2030) ($MN)
  • Table 65 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Diisocyanate (2021-2030) ($MN)
  • Table 66 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 67 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Application (2021-2030) ($MN)
  • Table 68 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Adhesives (2021-2030) ($MN)
  • Table 69 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Injection Molded Products (2021-2030) ($MN)
  • Table 70 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Extruded Products (2021-2030) ($MN)
  • Table 71 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Synthetic Leather (2021-2030) ($MN)
  • Table 72 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 73 Asia Pacific Thermoplastic Polyurethane Market Outlook, By End User (2021-2030) ($MN)
  • Table 74 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Wire & Cable (2021-2030) ($MN)
  • Table 75 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Hose & Tubing (2021-2030) ($MN)
  • Table 76 Asia Pacific Thermoplastic Polyurethane Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 77 South America Thermoplastic Polyurethane Market Outlook, By Country (2021-2030) ($MN)
  • Table 78 South America Thermoplastic Polyurethane Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 79 South America Thermoplastic Polyurethane Market Outlook, By Polycaprolactone (2021-2030) ($MN)
  • Table 80 South America Thermoplastic Polyurethane Market Outlook, By Polyether (2021-2030) ($MN)
  • Table 81 South America Thermoplastic Polyurethane Market Outlook, By Polyester (2021-2030) ($MN)
  • Table 82 South America Thermoplastic Polyurethane Market Outlook, By Diols (2021-2030) ($MN)
  • Table 83 South America Thermoplastic Polyurethane Market Outlook, By Polyols (2021-2030) ($MN)
  • Table 84 South America Thermoplastic Polyurethane Market Outlook, By Diisocyanate (2021-2030) ($MN)
  • Table 85 South America Thermoplastic Polyurethane Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 86 South America Thermoplastic Polyurethane Market Outlook, By Application (2021-2030) ($MN)
  • Table 87 South America Thermoplastic Polyurethane Market Outlook, By Adhesives (2021-2030) ($MN)
  • Table 88 South America Thermoplastic Polyurethane Market Outlook, By Injection Molded Products (2021-2030) ($MN)
  • Table 89 South America Thermoplastic Polyurethane Market Outlook, By Extruded Products (2021-2030) ($MN)
  • Table 90 South America Thermoplastic Polyurethane Market Outlook, By Synthetic Leather (2021-2030) ($MN)
  • Table 91 South America Thermoplastic Polyurethane Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 92 South America Thermoplastic Polyurethane Market Outlook, By End User (2021-2030) ($MN)
  • Table 93 South America Thermoplastic Polyurethane Market Outlook, By Wire & Cable (2021-2030) ($MN)
  • Table 94 South America Thermoplastic Polyurethane Market Outlook, By Hose & Tubing (2021-2030) ($MN)
  • Table 95 South America Thermoplastic Polyurethane Market Outlook, By Other End Users (2021-2030) ($MN)
  • Table 96 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Country (2021-2030) ($MN)
  • Table 97 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Raw Material (2021-2030) ($MN)
  • Table 98 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Polycaprolactone (2021-2030) ($MN)
  • Table 99 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Polyether (2021-2030) ($MN)
  • Table 100 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Polyester (2021-2030) ($MN)
  • Table 101 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Diols (2021-2030) ($MN)
  • Table 102 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Polyols (2021-2030) ($MN)
  • Table 103 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Diisocyanate (2021-2030) ($MN)
  • Table 104 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Other Raw Materials (2021-2030) ($MN)
  • Table 105 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Application (2021-2030) ($MN)
  • Table 106 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Adhesives (2021-2030) ($MN)
  • Table 107 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Injection Molded Products (2021-2030) ($MN)
  • Table 108 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Extruded Products (2021-2030) ($MN)
  • Table 109 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Synthetic Leather (2021-2030) ($MN)
  • Table 110 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Other Applications (2021-2030) ($MN)
  • Table 111 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By End User (2021-2030) ($MN)
  • Table 112 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Wire & Cable (2021-2030) ($MN)
  • Table 113 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Hose & Tubing (2021-2030) ($MN)
  • Table 114 Middle East & Africa Thermoplastic Polyurethane Market Outlook, By Other End Users (2021-2030) ($MN)
目次
Product Code: SMRC25318

According to Stratistics MRC, the Global Thermoplastic Polyurethane Market is accounted for $3.5 billion in 2023 and is expected to reach $6.4 billion by 2030 growing at a CAGR of 9.1% during the forecast period. Thermoplastic polyurethane (TPU) is formed by processing thermoplastic elastomer using methods, such as injection, compression, and extrusion molding. It is suitable for soft engineering thermoplastic and hard rubber products. Due to its qualities including transparency, flexibility, and resistance to abrasion, oil, and grease, thermoplastic polyurethane is widely utilized in the automotive, aerospace, and medical industries. In addition, thermoplastic polyurethane is completely recyclable, biodegradable, and environmentally friendly, which makes it an effective substitute for PVC and other polymers.

According to the China Association of Automobile Manufacturers (CAAM), China includes the largest automotive production base in the world, with a total vehicle production of 27 million units in 2022, registering an increase of 3.4 % compared to 26 million units produced last year.

Market Dynamics:

Driver:

Rising Demand for Lightweight and Fuel-Efficient Materials

With industries such as automotive, aerospace, and consumer goods emphasizing the need for efficiency and sustainability, TPU offers a compelling solution. Its unique properties, including high strength-to-weight ratio, flexibility, and durability, make it an ideal choice for applications where weight reduction and fuel efficiency are paramount. In automotive manufacturing, for instance, TPU is utilized in components such as airbag covers, instrument panels, and interior trims, contributing to overall vehicle weight reduction and improved fuel economy.

Restraint:

Fluctuating raw material prices

TPU, a versatile polymer, relies on various raw materials such as diisocyanates and polyols, whose prices are subject to volatility influenced by factors like global demand-supply dynamics, geopolitical tensions, and fluctuations in crude oil prices. These uncertainties can disrupt production processes and hinder manufacturers' ability to forecast costs accurately, leading to challenges in maintaining competitive pricing and profit margins. However, sudden spikes in raw material prices may necessitate adjustments in product pricing or compromise on quality to mitigate the impact, potentially affecting market competitiveness and customer satisfaction.

Opportunity:

Technological advancements

As technology evolves, manufacturers are able to develop new formulations of TPU with enhanced properties such as improved durability, flexibility, and resistance to chemicals and abrasion. Advancements in processing techniques enable more efficient production methods, leading to cost reductions and increased competitiveness in the market. Furthermore, emerging technologies like additive manufacturing (3D printing) are opening up new avenues for TPU utilization in industries such as automotive, healthcare, and electronics, where customized and complex geometries can be easily achieved.

Threat:

Environmental concerns

TPU production involves the use of various chemicals, some of which can be hazardous to the environment if not properly managed. The disposal of TPU products at the end of their lifecycle poses challenges, as they often do not decompose readily and can contribute to plastic pollution. Furthermore, the energy-intensive nature of TPU manufacturing processes adds to its environmental footprint, especially if sourced from non-renewable energy sources. These elements are hampering the market growth.

Covid-19 Impact:

Initially, disruptions in the global supply chain led to shortages of raw materials and logistical challenges, affecting production and distribution networks. Demand fluctuations ensued as key end-user industries such as automotive, construction, and consumer goods experienced slowdowns or shutdowns due to lockdown measures and economic uncertainties. Disruptions in logistics and shipping further hindered the timely delivery of TPU products to customers worldwide. However, fluctuations in demand patterns further exacerbated the situation, making it challenging for suppliers to predict market needs accurately

The polycaprolactone segment is expected to be the largest during the forecast period

Polycaprolactone segment is expected to hold the largest share during the forecast period, due to high flexibility, excellent abrasion resistance, and compatibility with various additives, making it an ideal candidate for enhancing the performance of TPUs. In applications ranging from automotive parts to medical devices and consumer goods, the incorporation of PCL segments provides improved durability, elasticity, and sustainability. Moreover, the growing emphasis on eco-friendly materials has propelled the adoption of PCL-based TPUs, as they offer biodegradability without compromising on performance.

The synthetic leather segment is expected to have the highest CAGR during the forecast period

Synthetic Leather segment is expected to have the highest CAGR during the forecast period, due to its versatility, durability, and eco-friendly characteristics. The growing consumer preference for sustainable alternatives to genuine leather has further propelled the adoption of TPU in this segment. Additionally, advancements in TPU technology have led to the development of innovative formulations that enhance the performance and aesthetics of synthetic leather products, catering to diverse applications ranging from footwear and automotive interiors to upholstery and accessories.

Region with largest share:

North America region commanded the largest share of the market over the projection period. With a growing emphasis on sustainability and environmental concerns, regulations have been increasingly stringent, favoring materials like TPU which offer eco-friendly alternatives to traditional plastics. TPU's versatility, durability, and recyclability make it a preferred choice for various applications across industries such as automotive, footwear, electronics, and medical devices in the region. Additionally, initiatives promoting domestic manufacturing and reducing dependence on imports further boost the demand for TPU, driving regional growth.

Region with highest CAGR:

Asia Pacific region is projected to witness profitable growth throughout the extrapolated period because of its abrasion resistance, slip resistance, and attractive qualities. Because of their elasticity and flexibility, thermoplastic polyurethane filaments in this region allow for the production of 3D-printed items that are both flexible and long-lasting. For instance, thermoplastic polyurethane is a material to consider when making products like gaskets, phone cases, shoe bottoms, and wearables that fit precisely.

Key players in the market

Some of the key players in Thermoplastic Polyurethane market include American Polyfilm Inc, Avient Corporation, BASF SE, Covestro AG, Dongsung Corporation, Epaflex Polyurethanes SpA, Hexpol AB, Huafeng Group, Huntsman Corporation, Kuraray Co., Ltd, Lubrizol Corporation, Miracll Chemicals Co. Ltd, Sumei Chemical Co. Ltd, The Lubrizol Corporation and Tosoh Corporation.

Key Developments:

In February 2023, Covestro AG announced the construction of the largest TPU facility. This expansion is to happen in three phases. The first phase will be completed in late 2025, the final phase will be completed in 2033, and this new site will be built in Zhuhai, South China, with an annual capacity of 120 thousand tons of TPU per year after the final phase of expansion.

In January 2023, Wanhua Chemical Group Co. Ltd. announced the development of polyether-based medical-grade TPU and radiopaque-grade TPU to provide solutions for medical applications such as extrusion tubes, injection MOLDING accessories, and cast films.

In December 2022, The Lubrizol Corporation unveiled its new thermoplastic polyurethane (TPU) production line at its Songjiang manufacturing site in Shanghai, China. This action is another milestone of Lubrizol Engineered Polymers' investment in Asia Pacific, expanding the company's TPU production capacity and strengthening regional business support.

In August 2022, The Lubrizol Corporation announced a new TPU line at the Shanghai Songjiang Site. The new production line will enhance the TPU production capacity of the company and help strengthen its business in Asia-Pacific.

In April 2022, Covestro AG announced the expansion of its production capacities for thermoplastic polyurethane (TPU) Films in the Platilon range, as well as the associated infrastructure and logistics.

Raw Materials Covered:

  • Polycaprolactone
  • Polyether
  • Polyester
  • Diols
  • Polyols
  • Diisocyanate
  • Other Raw Materials

Applications Covered:

  • Adhesives
  • Injection Molded Products
  • Extruded Products
  • Synthetic Leather
  • Other Applications

End Users Covered:

  • Wire & Cable
  • Hose & Tubing
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Thermoplastic Polyurethane Market, By Raw Material

  • 5.1 Introduction
  • 5.2 Polycaprolactone
  • 5.3 Polyether
  • 5.4 Polyester
  • 5.5 Diols
  • 5.6 Polyols
  • 5.7 Diisocyanate
  • 5.8 Other Raw Materials

6 Global Thermoplastic Polyurethane Market, By Application

  • 6.1 Introduction
  • 6.2 Adhesives
  • 6.3 Injection Molded Products
  • 6.4 Extruded Products
  • 6.5 Synthetic Leather
  • 6.6 Other Applications

7 Global Thermoplastic Polyurethane Market, By End User

  • 7.1 Introduction
  • 7.2 Wire & Cable
  • 7.3 Hose & Tubing
  • 7.4 Other End Users

8 Global Thermoplastic Polyurethane Market, By Geography

  • 8.1 Introduction
  • 8.2 North America
    • 8.2.1 US
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 UK
    • 8.3.3 Italy
    • 8.3.4 France
    • 8.3.5 Spain
    • 8.3.6 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 Japan
    • 8.4.2 China
    • 8.4.3 India
    • 8.4.4 Australia
    • 8.4.5 New Zealand
    • 8.4.6 South Korea
    • 8.4.7 Rest of Asia Pacific
  • 8.5 South America
    • 8.5.1 Argentina
    • 8.5.2 Brazil
    • 8.5.3 Chile
    • 8.5.4 Rest of South America
  • 8.6 Middle East & Africa
    • 8.6.1 Saudi Arabia
    • 8.6.2 UAE
    • 8.6.3 Qatar
    • 8.6.4 South Africa
    • 8.6.5 Rest of Middle East & Africa

9 Key Developments

  • 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 9.2 Acquisitions & Mergers
  • 9.3 New Product Launch
  • 9.4 Expansions
  • 9.5 Other Key Strategies

10 Company Profiling

  • 10.1 American Polyfilm Inc
  • 10.2 Avient Corporation
  • 10.3 BASF SE
  • 10.4 Covestro AG
  • 10.5 Dongsung Corporation
  • 10.6 Epaflex Polyurethanes SpA
  • 10.7 Hexpol AB
  • 10.8 Huafeng Group
  • 10.9 Huntsman Corporation
  • 10.10 Kuraray Co., Ltd
  • 10.11 Lubrizol Corporation
  • 10.12 Miracll Chemicals Co. Ltd
  • 10.13 Sumei Chemical Co. Ltd
  • 10.14 The Lubrizol Corporation
  • 10.15 Tosoh Corporation