Global Market Size of Thermoplastic Polyurethane Market – 10 Year Market Forecast

Chemicals

Thermoplastic Polyurethane Market Size Forecast 2022-2029

 

The thermoplastic polyurethane market is anticipated to reach USD 2.85 billion in 2022 and USD 5.65 billion by 2029, growing with a CAGR of 10%. The cumulative market value of TPU is calculated to be USD 36 billion. Thermoplastic polyurethane products find various uses in different industries such as automotive, electronics, medical, oil and gas, etc. The footwear industry is projected to be the fastest-growing end-use industry followed by the industrial machinery sector during the forecast period. Polyester and polyether dominate the major market shares in the product type of the TPU market. Thermoplastic polyurethane used as an alternative to metal to enhance fuel efficiency is one of the drivers of the TPU market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database studies business units across 600+ markets and 12 different industries including the thermoplastic polyurethane market.
• What is the estimated market size value for the year 2029?

• The estimated market size value for the year 2029 is USD 5.65 billion.
• What are the different types of thermoplastic polyurethane mentioned in this report?

• Polyester, polyether and polycaprolactone are the different types of TPU mentioned in this report.
• Which end-user sector is the primary driver for the growth of TPU market?

• Footwear industry is the primary driver for the growth of TPU market.
• What are regional market share values for Middle East?

• The regional market share values for Middle East are 6.45%

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