Global Thermoplastic Polyurethane Market is expected to reach 2,607.35 thousand tonnes by 2025 from USD 1,630.00 million in 2017, at a CAGR of 6.2% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Segmentation: Global Thermoplastic Polyurethane Market
Global Thermoplastic Polyurethane Market

By Product Type (Polyester, Polyether, Polycaprolactone),
By Raw Material (Diisocyante, Polyols, Diols)
By End-user (Footwear, Engineering, Automotive, Hose and tubing, Building and construction, Wires and cables, Medical),
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025

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Drivers: Global Thermoplastic Polyurethane Market
The major factors contributing to the growth of the market includes factors such as growing demand of thermoplastic polyurethane in automotive sector, scope of TPU innovation in footwear sector, growing application in medical sector. On the other hand, unstable raw material prices may hinder the market growth.
GROWING DEMAND OF TPU IN AUTOMOTIVE SECTOR
Thermoplastic polyurethane is extensively used in automotive industry due to excellent properties such as resistance to oil, ozone & grease, flexibility at low temperature, impact strength and good resilience. TPU is mainly used for the interior of the vehicle. Demand for TPU is high in automotive industry as it can be used as a substitute for rubber and PVC without compromising any performance of the vehicle.
The use of TPU can result in batter UV resistance, good mechanical performance and reduce thickness with finish of a softer touch.
TPU can be manufactured in any color to match the vehicle color, it also provide batter low temperature performance and high abrasion resistance. Due to all above listed properties TPU is used in making of gear knobs, cup holder & interior door handle, cover strips, chassis spring sating and bushing. TPU is also used in the electric system such as cable & wires as they are flam resistance and withstand with high temperatures. TPU has another advantage over others material as it is relatively cheaper to process and produce low wastage during its process. Current application of TPU includes exterior application in automotive industry such as door handle, exterior molding and others due to their soft touch and high hydrolytic stability.
Recently, OEMs in automotive industry are celebrating with TPU manufactures to produce modified TPU to be used by them in a verity of other new application. More research and advancement in TPU processing is conducted and TPU are proceed and turned into grade with high impact resistance. All these properties and wide range of application of the in automotive industry will help in the growth of thermoplastic polyurethane.

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SCOPE OF TPU INNOVATION IN FOOTWEAR SECTOR
Footwear industry is the major consumer of the thermoplastic polyurethane. TPU is considered as an efficient replacement of rubber and other resin used in footwear manufacturing. This is mainly due to the elasticity, tensile and tear strength. The ability of TPU to be pressed into any color has made it a preferred choice among footwear manufactures to use it in shoe soles in place of other resin. Various grade of TPU can provide a range of hardness to deliver a favorable friction and flexibility.
TPU also provide additional benefit of water resistance, thus increasing the life of footwear and making it an efficient material not only for the manufacturing of sportswear or athlete shoes but also for domestic and casual footwear. Thus, TPU is widely used by major shoe manufacturing companies in their products.
Apart from this, various grade of TPU can provide high resistance and anti-static properties for in safety footwear. Other advantage of TPU in shoe manufacturing is that the new grades of TPU are highly breathable when compared to other TPU grades. Due to this reason their application area in footwear industry has increased. One can also mix TPU grade with low and high breathability, to fine tune the level of breathability according to the application requirement. Nowadays, TPU is also used in leisure activates which are fastest growing segment of footwear and sport industry.

TPU is used in manufacturing of roller-skates, golf trolley covers, sky boots, snowboard boots and others. Due, to its properties TPU is widely used by manufactures in footwear industry to produce lightweight, ergonomics, fashionable, comfortable and durable footwear.
Because of the above factors stated TPU is able to penetrate market for various kind of plastic and rubbers. It is used as the replacement of rubber and other plastic in many application because of its shock absorbing, light weight, recyclable and dent resistance properties.

GROWING APPLICATION IN MEDICAL SECTOR
Due to the some specific properties like flexibility at low temperature, impact strength and good resilience which are excellent in the application for medical sector, the demand for TPU in medical industry is growing with a good pace. TPU is used in the medical industry for advanced medical healthcare products, due to its high performance and characteristics. Because of its excellent mechanical properties, durability and resistance against oils and chemicals, TPU is very desirable for medical applications. Since TPU does not contain plasticizers, it also offers the medical industry an environmentally friendly replacement to PVC without sacrificing flexibility. Ether TPU also meet the requirements of National Sanitation Foundation (NSF) Standard 61, U.S. Food and Drug Administration (FDA) 21 CFR for certain food contact applications, and USP Class VI classification. TPU has its medical applications which include devices used for diagnostic, anesthesia and artificial respiration, as well as healthcare mattresses, dental materials, compression stockings, medical instrument cables, gel shoe orthotics, and wound dressings.

Major Players: Global Thermoplastic Polyurethane Market
Some of the Major Players Operating in this Market are:-
• American Polyfilm Inc.,
• Basf SE,
• Covestro AG,
• API (Trinseo),
• Hexpol AB,
• Huntsman International Llc.,
• Kuraray Co. Ltd,
• The Lubrizol Corporation,
• Polyone,
• Wanhua Chemical Group Co. Ltd.,
• Coim Group,
• Headway Group,
• Miracll Chemicals Co. Ltd among others.

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