The “TPU Elastomers Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019-2027” is a comprehensive report published by Fact.MR that investigates the prominent growth parameters of TPU elastomers market. The report features the information acquired on assessing information and facts about TPU elastomers market through an extensive market research.
This is Fact.MR’s latest report on TPU elastomers market that unveils the unique facts about the market explained in terms of quantitative and qualitative information. The market report contains the detailed explanation on growth of the TPU elastomers market and its market dynamics to justify the claims made by analysts in the Fact.MR study.
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TPU Elastomers Market – Key Insights
- Thermoplastic Polyurethane (TPU) elastomers market grew at a healthy CAGR of 4.7% between 2013 and 2018, on account of growing demand from automotive industry.
- In 2019, demand for TPU elastomers is likely to remain high, with demand supported by the construction and footwear industries. The global TPU elastomers market is estimated to reach US$ 2.7 billion by the end of the year.
- The TPU elastomers market is on course to grow at a CAGR of 5.9% during the forecast period 2019-2027.
A comprehensive estimate of the TPU Elastomers market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of TPU Elastomers during the forecast period. Price point comparison by region with the global average price is also considered in the study.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of TPU Elastomers.
Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
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What are the 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.
What is a Key Challenge for Market Players?
- The environmental impacts of TPU elastomers are more severe than other variants, which has led to limited adoption in many countries. Leading market players are focusing on reducing the environmental footprint of manufacturing TPU elastomers to meet the evolving regulatory climate.
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After reading the Market insights of TPU Elastomers Report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
- Analyze key regions holding significant share of total TPU Elastomers market revenue.
- Study the growth outlook of TPU Elastomers market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use & supply side analysis of TPU Elastomers market.
- Investigate the recent R&D projects performed by each market player & competitive analysis of TPU Elastomers Market Players.
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.
- In October 2018, Covestro AG – a German stakeholder in the TPU elastomers market – announced that it has developed new TPU elastomer products, under the name cardyon™, based on carbon dioxide (CO2) technology. The new series of TPU products contains polyether carbonate polyols and has a high tensile strength 36 megapascals. The company announced that its new TPU products leave a lower carbon footprint as compared to their conventional counterparts and can be used in various industrial applications, including textiles, footwear, and petrochemical industrial applications.
How Fact.MR Assists in Making Strategic Moves For TPU Elastomers Market Manufacturer?
- The data provided in the TPU Elastomers market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
- The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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