LeapZipBlog: Steve Blade's blog: TPU Elastomers Market Future Growth, Global Survey and In-Depth Analysis Research Report 2019 - 2027

TPU Elastomers Market Future Growth, Global Survey and In-Depth Analysis Research Report 2019 - 2027

August 22, 2019 by Steve Blade  

The global thermoplastic polyurethane elastomers market surpassed US$ 2.5 billion in 2018, and a new study by Fact.MR estimates revenues to grow at 5.4% in 2019. According to the study, increasing demand for TPU elastomers in emerging economies of Asia Pacific excluding Japan (APEJ) continues to create sizeable opportunities for manufacturers. APEJ continues to hold over 50% share of TPU elastomers globally.

Analyzing the key factors that are fuelling TPU elastomers demand in APEJ, the study reports that strong presence of leading chemical companies along with increasing penetration of small- and medium-scale companies remain key growth drivers. Increasing investments by top-tiered players and rapidly-growing end-user industries continue to attract investments by market leaders, finds the Fact.MR study.

The Fact.MR study also assesses the business and product strategies of key players in the TPU elastomers market. Investments and expansion in Asia Pacific continue to be a key focus for stakeholders in the TPU elastomers market. BASF’s investment in Expanded Thermoplastic Polyurethane (E-TPU) Infinergy® at Changhua, Taiwan, and The Lubrizol Corporation’s investment in Songjiang (Shanghai) China plant are indicators of the growing prominence of APEJ among stakeholders.

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Table of Content

  1. Global TPU Elastomers Market - Executive Summary
    1.1. Summary of key findings
    1.1. Summary of key findings
    1.2. Summary of Statistics
    1.3. Demand and Supply side trends
    1.4. Fact.MR View Point
  2. Global TPU Elastomers Market Overview
    2.1. Global TPU Elastomers Market Definition
    2.2. Research Scope
    2.3. Global TPU Elastomers Market Size (US$ Mn) & Volume (Kilo Tons) and Forecast, 2013-2027
    2.3.1. Global TPU Elastomers Market Y-o-Y Growth
  3. Key Indicators Assessment
    3.1. Global Chemical & Polymers Industry Overview
    3.1.1. Global Chemical & Polymers Industry Analysis and Forecast, 2013-2027
    3.1.2. Global Chemical & Polymers Industry Sales and Forecast by Regions
    3.1.3. Global Chemical & Polymers Industry Sales by Key Countries
    3.1.4. Global Chemical & Polymers Industry Trade analysis
    3.1.4.1. Key Importing Countries
    3.1.4.2. Key Exporting Countries
    3.1.5. Global Polyols Market Outlook
    3.2. Global Automotive Industry Overview
    3.2.1. Global Automotive Industry Value (US$ Mn) and Volume (Units), 2018 & 2027
    3.2.2. Global Automotive Industry Sales by Regions
    To be Continue.....................

Key Growth Drivers of TPU Elastomers Market

  • High-performance mechanical properties of TPU elastomers, such as high tensile strength and resistance to chemicals and oil, are widening the range of their applications, in turn, boosting growth of the TPU elastomers industry.
  • Growing applications in the automotive industry, medical devices, and the footwear industry will continue to trigger developments in the TPU elastomers industry.
  • Ongoing innovations in the automotive industry, especially the focus on replacing metals with plastics is creating opportunities for market players.

Some notable examples include,

  • In March 2019, Lubrizol International, Inc. announced the launch of a new, toluene-free Pearlbond™ TPU for films and adhesives, to expand its high-melt strength Pearlbond TPU portfolio. Toluene exposure can have hazardous impact on the environment as well human health. The company announced that the new Pearlbond TPU is toluene-free and recyclable, thereby environment-friendly, and it can be used in various applications such as furniture, footwear, automotive films, and apparels.
  • In February 2019, A.P.I. Applicazioni Plastiche Industriali SPA – an Italian chemical company – announced the launch of the new recyclable TPU APILONTM52 A/C-series. The company declared that the new portfolio of its TPU elastomer products reduces the production cycle time by around 70% while significantly cutting the energy consumption and production costs.
  • In October 2018, Covestro AG – a German stakeholder in the TPU elastomers market – discovered a new carbon dioxide (CO2)-based technology for manufacturing environmentally-friendly TPU elastomers. With growing concerns about ecological fallout, Covestro established partnerships with research institutes and other companies to boost the use of CO2technology as a synthesis platform for the large-scale production of TPU elastomers.

Fact.MR’s study tracks developments in the TPU elastomers market for the assessment period 2019-2027. According to the study, the TPU elastomers market is expected to envisage impressive growth at a CAGR of 5.9% during the assessment period.

Environmental Concerns Trigger Manufacturing Innovations

The study finds that although TPU elastomers have been witnessing incremental demand across versatile industrial applications, meeting the evolving sustainability requirements continues to be a challenge for stakeholders. Negative impacts of thermoplastics on the environment have been restricting manufacturers from exploring new niche applications. Thereby, leading stakeholders in the TPU elastomers market have been focusing on innovating their manufacturing strategies and technologies to discover biocompatible and biostable TPU elastomers. According to the study, the focus on finding sustainable solutions is also driven by stringency in environmental regulations. In many countries of APEJ, environmental regulations have become more stringent over the years, and manufacturers have had to adapt to the changing status-quo.

TPU Elastomers Market – Competitive Landscape

  • In January 2019, Lubrizol International, Inc. – a U.S.-based specialty chemical company – announced that it has acquired the TPU business from The Dow Chemical Company, one of the leading chemical companies based in the U.S. The company declared that the acquisition is mainly aimed at leveraging Dow's strong TPU brand recognition in the U.S. to expand its global footprint and consolidate a strong position in the TPU elastomers market. The acquisition also could help Lubrizol to diversify its product portfolio at provide access to new industrial end-uses, such as medical devices, for its TPU elastomers business.
  • In November 2018, Wanhua Chemical Group Co. Ltd – a leading supplier of TPU elastomers – launched its new TPU adhesive and polyether TPU products suitable for equipment used in the firefighting industry. The company announced that the fast crystallization rate and excellent heat resistance of the company’s new TPU adhesives, and hydrolytic stability and good environmental adaptability of polyether TPU products for fire hose liner can improve the quality of various fire-fighting equipment significantly.

Other leading players in the TPU elastomers market include BASF SE, Miracll Chemical Co. Ltd., Kuraray Co. Ltd., Ravago Petrokimya Üretim A.S, COIM SPA, Coating Chemical Industry Company, Zibo Hengjiu Pu Technology Company Ltd., Huafon Group, Xuchuan Chemical Group, Evermore Chemical Industry Company Ltd., Sunko Ink Co. Ltd., Songwon Industrial Group, DuPont Tate & Lyle Bio Products, Blackwell Plastics LLP, Hexpol AB, Mitsui Chemicals, Inc., Lanxess Aktiengesellschaft,Honeywell International, Inc., PolyOne Corp., Tosoh Corporation, Nihon Matai Co. Ltd., APS Elastomers, and Townsend Chemicals Pty. Ltd.

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About Fact.MR

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