The North American thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing applications of thermoplastic polyurethane in a wide range of end-user industries such as footwear, automotive, and medical industry. In addition, the shifting trend towards the development of bio-based products coupled with the increasing R&D activities by the industry players further gives a boost to the growth of the North American thermoplastic polyurethane market.
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The North American thermoplastic polyurethane market is segmented on the basis of raw material and application. Based on the raw material, the market is segmented into polyols, diisocyanate, and diols. Further, on the basis of end-user, the market is segmented into footwear, automotive, industrial machinery, electronics, medical, and others. Thermoplastic polyurethane hot melt adhesives have a major application in the footwear industry for shoe joining and others. Thermoplastic polyurethane-based adhesives possess some properties such as good hot green strength and an excellent final bond, which have increased the application of TPU in the automotive industry. In the automotive industry, thermoplastic polyurethane is used in interior parts, such as instrument panel, door panel, and attachment clip.
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Geographically, the North American thermoplastic polyurethane covers the country-level analysis of the US and Canada. The US dominates the market and will continue its dominance during the forecast period. The presence of major manufacturers in the region is one of the major factors driving the North American thermoplastic polyurethane market.
North American Thermoplastic Polyurethane Market Segmentation
By Raw Material
- Polyols
- Diisocyanate
- Diols
By Application
- Footwear
- Industrial Machinery
- Automotive
- Electronics
- Medical
- Others
Regional Analysis
- North America
- United States
- Canada
Company Profiles
- BASF SE
- Overview
- BASF SE in North America
- BASF SE in Thermoplastic Polyurethane Landscape
- Recent Developments
- Coim Group
- DingZing Advanced Materials Inc.
- Huntsman International LLC
- MH&W International Corp.
- PolyOne Corp.
- Sanyo Corp.
- Schweitzer-Mauduit International Inc
- The Lubrizol Corp.
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