pune, Maharashtra -- (SBWIRE) -- 08/09/2019 -- Global Thermoplastic Polyurethane (TPU) Market overview:

The Thermoplastic Polyurethane (TPU) Market is expected to witness sustained growth over the forecast period (2019-2023). The growth of the Thermoplastic Polyurethane (TPU) market is driven as there is favourable growth in the industry is a major factor which will boost the global Thermoplastic Polyurethane (TPU) Market.

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The growing demand for Thermoplastic Polyurethane (TPU) has provided a major boost to the Global Thermoplastic Polyurethane (TPU) Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2019 up to 2023. Thermoplastic Polyurethane (TPU) is any of a class of polyurethane plastics with many properties, including elasticity, transparency, and resistance to oil, grease and abrasion. Technically, they are thermoplastic elastomers consisting of linear segmented block copolymers composed of hard and soft segments.

The Global Thermoplastic Polyurethane (TPU) Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Thermoplastic Polyurethane (TPU) Market is sub segmented into Aromatic TPU, Aliphatic TPU. Based on End Use Industry segment, the Thermoplastic Polyurethane (TPU) Market is sub segmented into TPU Pipe, TPU Film, Shoes.

Thermoplastic Polyurethane (TPU) is used in various End-Use Industries, such as Footwear, engineering, Building & Cnstruction, Automotive, Hose & Tubing, Wires & Cables, and Medical. These are the main end-use industries that have been considered in this report on the Thermoplastic Polyurethane (TPU) Market. In terms of volume, the footwear end-use industry segment led the Thermoplastic Polyurethane (TPU) Market. It was followed by the engineering, wires & cables, automotive, building & construction, hose & tubing, and medical segments. The footwear end-use industry is largely influenced by consumer trends and fashions. Rising demand for fancy and trendy comfortable footwear among all age groups is a key factor driving the growth of the footwear industry across the globe, which, in turn, is driving the Thermoplastic Polyurethane (TPU) Market. The medical end-use industry segment of the Thermoplastic Polyurethane (TPU) Market is projected to grow at the highest CAGR between during forecast period, in terms of both, value as well as volume.

Some of the major players that operate in the Global Thermoplastic Polyurethane Market are BASF, Huntsman, Lubrizol, Wanhua, Covestro, Huafeng, Bangtai Polymeric New-materials, Sumei Chemical

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Latest Industry Updates:

Lubrizol:- The Lubrizol Corporation announces the acquisition of Bavaria Medizin Technologie GmbH (BMT), an innovative designer and manufacturer of both intravascular (coronary, peripheral, and cranial) and nonvascular devices, including drug-coated balloons, by its German subsidiary Lubrizol Deutschland GmbH from its current majority shareholder Custos Vermögensverwaltungs GmbH as well as from the minority shareholders. This acquisition builds upon Lubrizol's expertise in precision thermoplastic extrusion and product development, establishing Lubrizol as a true end-to-end partner to the global medical device and pharmaceutical industries.

With over 100 employees, BMT is headquartered near Munich, Germany and operates a manufacturing facility in Sibiu, Romania. A pioneer in catheter-based technologies, BMT developed the first commercial drug-coated balloon, the Paccocath™ catheter. Today, BMT holds over 50 patents and continues to innovate through self-funded R&D projects, as well as contract R&D services. Additionally, BMT offers private label manufacturing of proprietary catheters and balloons along with original equipment manufacturing (OEM) services, which include the manufacturing of subassemblies and components, sterilization, packaging and labeling, stent crimping, and logistics management.

The acquisition of BMT expands Lubrizol's product design, development, and manufacturing expertise and provides access to proprietary catheter and balloon technologies. BMT's experience and reputation in the drug-coated balloon (DCB) space aligns well with Lubrizol's pharmaceutical CDMO business and positions Lubrizol as the ideal partner for developing next-generation DCBs. "Lubrizol continues to invest in opportunities that position us as a full-service development partner for innovative OEMs in the interventional space," said Uwe Winzen, general manager of the Health business of Lubrizol Life Science. "Our customers will benefit from additional design capabilities, an increased global footprint, and synergies with our existing formulation and manufacturing services."

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Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Table of Contents:

Global Thermoplastic Polyurethane (TPU) Market Report 2019

1 Thermoplastic Polyurethane (TPU) Definition

2 Global Thermoplastic Polyurethane (TPU) Market Major Player Share and Market Overview

3 Major Player Thermoplastic Polyurethane (TPU) Business Introduction

4 Global Thermoplastic Polyurethane (TPU) Market Segmentation (Region Level)

5 Global Thermoplastic Polyurethane (TPU) Market Segmentation (Product Type Level)

6 Global Thermoplastic Polyurethane (TPU) Market Segmentation (Industry Level)

7 Global Thermoplastic Polyurethane (TPU) Market Segmentation (Channel Level)

8 Thermoplastic Polyurethane (TPU) Market Forecast 2019-2023

9 Thermoplastic Polyurethane (TPU) Segmentation Type

10 Thermoplastic Polyurethane (TPU) Segmentation Industry

11 Thermoplastic Polyurethane (TPU) Cost Analysis

12 Conclusion

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