5 Key Insights on US$ 5 Bn Opportunity in Global Thermoplastic Polyurethane Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven By the Rising Consumption of Thermoplastic Polyurethane Material In Automotive and Footwear Industries, Global Thermoplastic Polyurethane Market is forecasted to Cross US$5 Bn by 2028 says Ken Research Study. Thermoplastic Polyurethane is an elastomer that can be processed by using various forms of conventional methods such as injection molding, extrusion, and compression molding. Thermoplastic Polyurethane (TPU) has the characteristics of both plastic and rubber and thus exhibits properties like durability, flexibility as well as excellent tensile strength. It is a type of block copolymer consisting of alternating sequences of hard and soft segments that makes it ideal to be used for applications such as footwear, wire and cable, film and sheet, compounding, adhesives, and specialty molded parts. “Ken Research shares 3 key insights on this high-opportunity market from its latest research study” 1. Replacement of Polyvinyl Chloride (PVC) in Medical Applications by Thermoplastic Polyurethane (TPU) provides an opportunity for the Market Growth According to Ken Research Analysis, the Global Thermoplastic Polyurethane Market was valued at ~US$ 2 billion in 2017. It is estimated to be ~US$ 3 billion in 2022 and is forecasted to reach a market size of ~US$ 5 billion by 2028, growing at a CAGR of ~7% during 2022 to 2028, due to the increasing usage of Thermoplastic Polyurethane in footwear, automotive, and construction industries. Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY4 Thermoplastic Polyurethane materials are used in almost all markets, owing to their high-performance properties. In the healthcare industry, applications can range from artificial heart components, blood plasma bags, to isolation tents in hospitals. TPU is the only polymer material desirable for medical applications since it does not contain any plasticizers. Medical Grade TPUs are some of the most versatile plastic materials available today for use in medical devices. It offers the medical industry an environmentally friendly replacement to PVC without sacrificing flexibility. Poly Vinyl Chloride (PVC) material has been extensively used for making blood bags and other non-breakable containers in healthcare due to its low cost and excellent functions after softening. However, manufacturers are gradually getting rid of dependence on PVC as medical devices containing PVC release harmful chemicals during routine use and disposal. Thermoplastic Polyurethane (TPU) is considered a reliable and high-quality alternative to PVC in all medical applications from devices to normal usage containers. According to the commercial development manager of Bayer Material Science, TPU healthcare grades are currently used to create oxygen masks and medical tubing. The material is also used in a variety of catheters such as central venous, intra-aortic balloon catheters. 2. Rising Adoption of Thermoplastic Polyurethane (TPU) by Footwear and Automotive Manufacturers is Fuelling the Market Worldwide Footwear is the largest end-use industry of Thermoplastic Polyurethane (TPU) as it is used ito manufacture various parts of footwear, such as upper yarns, midsoles/foam & cushioning, outsoles, eyelets, heel cups, logos, shanks & toe caps. Rising demand for durability and performance among people from all age groups is driving the market in the footwear industry. The advanced TPU technology allows shoe manufacturers to use versatile materials during production, simplifying processes and using less energy. The TPU waste generated during the production process can also be reused, helping in reducing waste. Shoes made of 100% TPU can also be recycled at the end of their life cycle. Thermoplastic polyurethane films are widely used in the automotive industry to increase the fuel efficiency of vehicles. These films can be used in various vehicle components such as car seats, airbags, doors, and acoustic panels to improve comfort and safety. The graph below represents the usage of thermoplastic polyurethane in different forms: 3. High Manufacturing Cost of Thermoplastic Polyurethane is the Major Challenge Faced by The Thermoplastic Polyurethane Market Thermoplastic polyurethane is usually costlier than traditional materials. Its higher price may limit its adoption, especially in less demanding applications. The excessive price is due to the high production costs incurred due to the great degree of customization. Additionally, extrusion, injection molding, and compression molding are among the TPU production processes that require big machinery and skilled laborers, thereby raising the overall manufacturing cost of the product. The graph below represents the high costs of machines that are used for manufacturing various products from Thermoplastic Polyurethane. Request For Sample Report @https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDY4 Key Topics Covered in the Report Snapshot of Global Thermoplastic Polyurethane Market Industry Value Chain and Ecosystem Analysis Market size and Segmentation of the Global Thermoplastic Polyurethane Market Historic Growth of Overall Global Thermoplastic Polyurethane Market and Segments Competition Scenario of the Market and Key Developments of Competitors Porter’s 5 Forces Analysis of Global Thermoplastic Polyurethane Industry Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors Covid-19 Impact on the Overall Global Thermoplastic Polyurethane Market Future Market Forecast and Growth Rates of the Total Global Thermoplastic Polyurethane Market and Segments Market Size of Application / End User Segments with Historical CAGR and Future Forecasts Analysis of Global Thermoplastic Polyurethane Market Major Production/Supply and Consumption/Demand Hubs within Each Region Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments Overview of Notable Emerging Competitor Companies within Each Region Notable Major Companies Mentioned in the Report 3M BASF SE Coim Group Covestro AG Huntsman International LLC KURARAY CO., LTD. Tosoh Corporation Sumei Chemical Co. Ltd The Lubrizol Corporation Epaflex Polyurethanes Spa Notable Emerging Companies Mentioned in the Report Omni Technologies Foster Polymer Distribution H.B. Fuller Company Kent Elastomer Products SHANDONG INOV POLYURETHANE CO., LTD. Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report Thermoplastic Polyurethane Manufacturers Thermoplastic Polyurethane Suppliers Polyurethane Manufacturers Polyols Suppliers Diisocyanate Suppliers Diols Suppliers Thermoplastic Polyurethane Distributors Emerging and Startup Thermoplastic Polyurethane Companies in the Market Different Types of Thermoplastic Polyurethane Institutes Government Ministries and Departments of Chemicals and Polymers Importers and Distributors of Thermoplastic Polyurethane Environmental Regulatory Authorities Investment Banks and PE Firms focused on Chemicals Sector Potential Entrants into Thermoplastic Polyurethane Industry Period Captured in the Report Historical Period: 2017-2021 Forecast Period: 2022E-2028F For More Information on the Research Report, refer to below links: – Global Thermoplastic Polyurethane Market: Ken Research Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Post Views: 2 Tags: 3M Thermoplastic Polyurethane Market Share, Aerospace Thermoplastic Polyurethane Market, Africa Thermoplastic Polyurethane Market Revenue, Asia-Pacific Thermoplastic Polyurethane Market, Automotive Thermoplastic Polyurethane Market, BASF SE Thermoplastic Polyurethane Market Revenue, Challenges in Growth of Thermoplastic Polyurethane Market, Competitors in Thermoplastic Polyurethane Market, Construction Thermoplastic Polyurethane Market, Covestro AG Thermoplastic Polyurethane Market Revenue, Demand for Thermoplastic Polyurethane in Consumer Sector, Diisocyanate Thermoplastic Polyurethane Market, Diols Thermoplastic Polyurethane Market, Distributors of Thermoplastic Polyurethane Globally, Emerging Companies in Thermoplastic Polyurethane Market, Energy & Power Thermoplastic Polyurethane Market, Europe Thermoplastic Polyurethane Market Revenue, Footwear Thermoplastic Polyurethane Market, Global Elastomer Market Forecast, Global Thermoplastic Injection Molded Products, Global Thermoplastic Polyurethane Adhesives, Global Thermoplastic Polyurethane End Users, Global Thermoplastic Polyurethane Extruded Products, Global Thermoplastic Polyurethane Industry, Global Thermoplastic Polyurethane Market, Global Thermoplastic Polyurethane Sector, Huntsman Thermoplastic Polyurethane Market, Importers and Distributors of Thermoplastic Polyurethane, KURARAY Thermoplastic Polyurethane Market, Latin America Thermoplastic Polyurethane Market, Leading Players in Thermoplastic Polyurethane Market, Lubrizol Corporation Thermoplastic Polyurethane Market, Medical Thermoplastic Polyurethane Market, Middle East Thermoplastic Polyurethane Market Analysis, New Entrants in Thermoplastic Polyurethane Industry, North America Thermoplastic Polyurethane Market, Opportunities in Thermoplastic Polyurethane Market, Polycaprolactone Thermoplastic Polyurethane Market, Polyester Thermoplastic Polyurethane Market, Polyether Thermoplastic Polyurethane Market, Polyols Thermoplastic Polyurethane Market, Startup Companies in Thermoplastic Polyurethane Market, such as the aging population, Thermoplastic Polyurethane Industry Outlook, Thermoplastic Polyurethane Manufacturers, Thermoplastic Polyurethane Market Trends, Thermoplastic Polyurethane Products Market, Thermoplastic Polyurethane Raw Material Suppliers, Top Companies in Thermoplastic Polyurethane Industry, Worldwide Thermoplastic Polyurethane Market