The Asia-Pacific 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. Asia-Pacific region is estimated to contribute a significant share in the global market owing to the contributions from countries such as China and Japan.
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The Asia-Pacific 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 Asia-Pacific thermoplastic polyurethane covers the country-level analysis of China, Japan, India, and the Rest of Asia-Pacific. The presence of major manufacturers in the region is one of the major factors driving the Asia-Pacific thermoplastic polyurethane market.
Asia-Pacific Thermoplastic Polyurethane Market Segmentation
By Raw Material
- Polyols
- Diisocyanate
- Diols
By Application
- Footwear
- Industrial Machinery
- Automotive
- Electronics
- Medical
- Others
Regional Analysis
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- BASF SE
- Overview
- BASF SE in Asia-Pacific
- BASF SE in Thermoplastic Polyurethane Landscape
- Recent Developments
- Henan Huafeng Group Co. Ltd.
- Mitsubishi Chemical Corp.
- Mitsui Chemicals Inc.
- Sumei Chemical Co. Ltd
- Suzhou Austin Novel Materials Co. Ltd
- The Lubrizol Corp.
- Tosoh Corporation
- Wanhua Chemical Group Co., Ltd.
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