Showing posts with label Distributors of Thermoplastic Polyurethane Globally. Show all posts
Showing posts with label Distributors of Thermoplastic Polyurethane Globally. Show all posts

Tuesday, November 1, 2022

Key Insights on Competitive Landscape in Global Thermoplastic Polyurethane Market: Ken Research

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Few Global Players Dominate the Market despite the Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Thermoplastic Polyurethane Market by Ken Research

Thermoplastic Polyurethane is an elastomer that can be processed using various 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 the competitive landscape of this dynamic market from its latest research study.

Global Players Constitute ~20% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~50% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Thermoplastic Polyurethane Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players. The country-niche players comprise about ~50% in terms of the number of companies followed by regional players with ~30% of the total competitors. All the players are manufacturing thermoplastic polyurethane by incorporating any or all of the raw materials such as polyols, diisocyanate, and diols. Majority of the companies are involved in making extruded thermoplastic polyurethane (TPU) polyester products for various end-use industries such as footwear, automotive, construction, aerospace, energy & power, medicals, and others.

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Global Thermoplastic Polyurethane IndustryThe Increasing Demand for Thermoplastic Polyurethane Products in the Automotive and Footwear Sector is expected to be the Primary Driver of the Market

Detailed comparative analysis of key competitors available within the Research Study shows that major players such as 3M, BASF SE, Huntsman International LLC, KURARAY CO., LTD., and others are highly focused on providing a significant number of Thermoplastic Polyurethane products that can be used across multiple end-user industries, including healthcare, food packaging, electrical & electronics, automotive, construction, footwear, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players for the development of techniques used in the manufacture of Thermoplastic Polyurethane plastic materials.

  • In September 2022, Novoloop, a leading player in plastic circularity, announced its partnership with the Swiss sports brand, On. The company manufactured the world’s first chemically upcycled TPU, featured as the outsole for On’s newest carbon capture consortium shoe, Cloudprime.
  • In March 2020, The Lubrizol Corporation extended its Thermoplastic Polyurethane line in its Songjiang (Shanghai) China plant. With this product line enlargement, the company built its presence strong in the Asia Pacific region by fulfilling the high demand for specialty elastomers.
  • In October 2021, Covestro AG expanded its portfolio of circular TPU products, manufactured with ISCC Plus-certified mass-balanced TPU grades. The new products are produced using renewable or bio-based raw materials and have a reduced carbon footprint in comparison to their fossil-based counterparts. 

Global Thermoplastic Polyurethane IndustryIncreased Government Initiatives and New Strategical Investments in the Polymers Industry Promoted Sustainable Plastics Products Which Led to Major Industry-Wide Developments, Acquisitions, and Product developments in the industry.

The Governments of many developed countries are committed to achieving zero plastic waste by establishing recycled content standards that drive the demand for recycled plastic, including thermoplastic polyurethane products. For instance,

  • In May 2021, the U.S. Department of Energy (DOE) invested US$ 14.5 million for research and development related to the recycling of single-use plastics. The project helped the region in developing viable solutions for designing plastics that are more recyclable and biodegradable.
  • In February 2022, the Ministry of Environment and Climate Change in Canada developed a set of new regulations stating minimum percentage requirements of recycled content for items made of plastic. The strategy works in collaboration with governments of different provinces and territories and imposes regulations on plastic manufacturers for the production of new plastic products.

Various leading players are developing new thermoplastic polyurethanes products that can be used in various end-use industries. For instance,

  • In November 2021, APS Elastomers, a thermoplastic elastomers supplier expanded its portfolio by partnering with an Italy-based thermoplastic polyurethanes manufacturer, Epaflex Polyurethanes Spa. The company included extrusion-based series, Epaline TPUs in its portfolio of products.

In April 2019, Adidas introduced the Futurecraft Loop design, running shoes made from 100% recyclable TPU. The company manufactured its shoes with TPU Boost cushioning technology.

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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

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