The global thermoplastic polyurethane (TPU) market size is expected to reach USD 3.81 billion by 2028from USD 2.32 billion in 2021, exhibiting a CAGR of 7.3% between 2021 and 2028.

Report Aim & Scope:

• An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
• The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.

Segmentation-

Polyester-based TPU to Hold the Lion’s Share

Based on type, the market is segmented into polyester, polyether, polycaprolactone, and others. Polyester-based TPU is expected to hold the largest share during the forecast period due to its adoption in applications, which require resistance to oils, fuels, and water.

Drivers & Restraints-

Development of Bio-based Polymers to Incite Growth

The usage of thermoplastic polyurethane will be fueled by the growing development of bio-based polymers, in turn, uplifting the TPUmarket growth.   

The Report Lists the Key Companies in the Thermoplastic Polyurethane Market:

• BASF SE (Germany)
• Lubrizol Corporation (U.S.)
• Covestro AG (Germany)
• And others

Information source:

https://www.fortunebusinessinsights.com/thermoplastic-polyurethane-tpu-market-102389