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市場調查報告書
商品編碼
354477

全球熱塑性聚氨酯 (TPU) 市場 (各產品類型、各用途、各最終用途產業、各地區) :趨勢與預測

Thermoplastic Polyurethane (TPU) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

出版日期: | 出版商: Mordor Intelligence Pvt Ltd | 英文 203 Pages | 商品交期: 2-3個工作天內

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  • 全貌
  • 簡介
  • 目錄
簡介

全球熱塑性聚氨酯 (TPU) 市場,預計從2018年到2023年之間,以3.36%的年複合成長率 (CAGR) 擴大。2017年的TPU市場,亞太地區由於汽車需求和建築工程的增加等要素,佔了60%的佔有率。

本報告提供全球熱塑性聚氨酯 (TPU) 市場相關調查分析,概要,推動市場要素、阻礙因素、機會,各市場區隔的市場分析,競爭情形,主要企業等系統性資訊。

第1章 簡介

第2章 摘要整理

第3章 熱塑性聚氨酯 (TPU) 市場概要

  • 產業價值鏈分析
  • 產業的魅力:波特的五力分析

第4章 市場動態

  • 促進因素
  • 阻礙因素
  • 機會

第5章 市場區隔、分析

  • 各用途
  • 各最終用途產業

第6章 各地區的市場分析

  • 亞太地區
  • 北美
  • 歐洲
  • 南美
  • 中東、非洲

第7章 競爭情形

  • M&A
  • 合資企業、聯盟、契約
  • 市場佔有率分析
  • 主要企業的策略

第8章 企業簡介

  • Api S.P.A.
  • Argotec
  • American Polyfilm Inc.
  • Austin Novel Materials
  • Bailey-Parks Urethane Inc.
  • Basf Polyurethanes Gmbh
  • Covestro - Bayer Material Science
  • Coim
  • Dow Polyurethane
  • Ding-Zing Chemical Products Co. Ltd
  • Hexpol Rubber Compounding
  • Huafon Group
  • Huntsman Corp.
  • KURARAY CO. LTD.
  • Lubrizol Corp.
  • Miracll Chemicals Ltd
  • Polyone Corporation
  • Sumei Chemical Co. Ltd
  • Walton Plastics, Inc.
  • Wanhua Chemical Group Co. Ltd

第9章 免責聲明

目錄
Product Code: 55670

The Thermoplastic Polyurethane Market is valued at USD 2,326.46 million in 2020, and it is projected to register a CAGR of over 6.5% by 2026.

The market witnessed a slight decline in early 2020 due to the COVID-19 outbreak, leading to lockdown and delay in the construction of projects and restricted activities. However, after lifting the lockdown, the industries are expected to witness a sharp increase by the mid-forecast period, which may, in turn, drive the demand for thermoplastic polyurethane in the future. In the automobile industry, various automobile and component manufacturing plants temporarily shut their production and office operations across the world, leading to a sharp drop in automotive sales. Companies, such as Nissan, Volkswagen, Ford, Renault, Fiat Chrysler, Toyota, Hyundai, Maruti Suzuki, and Mahindra & Mahindra, suspended the manufacturing and assembly lines to curb the spread of COVID-19. Furthermore, due to the COVID-19 pandemic, many countries are planning to set up their domestic manufacturing industries for key manufacturing activities, in order to decrease their reliance on imports. This, in turn, is driving the demand for thermoplastic polyurethane from the medical industry.

Key Highlights

  • Over the short term, the major factors driving the growth of the thermoplastic polyurethane market are increasing applications in the medical industry and environment-friendly and recyclable.
  • On the flip side, declining automotive production in the global market and the negative impact of COVID-19 on the overall market are expected to hinder the growth of the market studied.
  • Shifting focus toward the development of bio-based products and increasing R&D activities are likely to create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Key Market Trends

Increasing Demand from Extruded Products

  • Thermoplastic polyurethane exhibits properties like oil and grease resistance, abrasion resistance and has strong mechanical properties, which make it valuable for many industrial applications. TPU, like other thermoplastic elastomers, is melt-processable and highly elastic. It is transparent and easily colored. Therefore, it is widely used for extruded products application.
  • Furthermore, TPU can be compounded with many materials using the extrusion process in order to enhance its properties, such as increased strength, fuel and oil resistance, and abrasion resistance. Compounded TPU finds a wide range of applications in areas where superior structural integrity is required, such as for hoses and tubes (pressure hose, fire hose, pneumatic tubing, and air tubing), belts (conveyor belts, air matting, and drive belts), electrical wires (vehicle wiring, computer wiring, and wire and power cable sheathing), medical disposables, and OA equipment connectors.
  • These extruded TPU products find applications in several industries like electrical and electronics, oil and gas, medical, automotive, etc.
  • The shrinkage in global automotive production and global oil production during 2018-19 has impacted the demand for extruded TPU products. The declining automotive industry, along with the temporary shutdown of automotive manufacturing units and various industrial activities due to the ongoing pandemic scenario, has declined the consumption of thermoplastic polyurethane. According to OICA, automobile production declined by around 15.8% in 2020 compared to the same period in 2019, reaching a total of 77.62 million units produced, thus creating a negative impact on the demand of the thermoplastic polyurethane market.
  • The global TPU market is affected by China's automobile industry as China is the world's largest automotive producer. As of 2019, China had produced 25.72 million vehicles and reached 25.26 million vehicles in 2020, registering a decline rate of about 2% due to the COVID-19 pandemic, which in turn negatively impacted the demand for the regional thermoplastic polyurethane (TPU) market.
  • However, the consistent growth of the medical and electronics industry has been driving the demand for extruded TPU products.
  • Additionally, rising innovations in the extrusion process are also expected to drive the growth of this segment in the market studied. For example, in 2020, Novatec developed a new extrusion technology, which includes a new downstream system for inline cutting and curing of TPU medical tubes. This technology helps in significantly reducing the post-extrusion shrinkage that occurs in TPU tubes.
  • The aforementioned factors are likely to affect the demand for TPU in extruded products application, with the potential to recover through the years to come.

The Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region accounted for the largest share of the regional market for thermoplastic polyurethane. Owing to the increasing automotive demand and the increasing demand for textile and footwear, TPU-based adhesives and sealants are expected to witness a healthy growth rate in the region.
  • The Chinese footwear industry is the largest in the world, with a robust network of domestic sales and exports to major countries. As leather footwear accounts for the largest share of the footwear industry in China, the demand for TPU adhesives is estimated to be the strongest in China, compared to other parts of the world.
  • The construction sector in India is growing at a higher rate with urbanization projects and new construction activities, such as bridges, dams, roads, railways (metro rails), urban infrastructures, buildings, etc. Around 100% FDI in the construction sector has also helped the industry to grow, which is expected to grow further at a higher rate, with increasing population, during the forecast period.
  • Currently, China has numerous airport construction projects, which are either in the development or planning stage. These include Beijing Capital International Airport, Chengdu Shuangliu International Airport, Guangzhou Baiyun International Airport, etc. Additionally, the government rolled out massive construction plans for the movement of 250 million people to its new megacities over the next 10 years.
  • Additionally, thermoplastic polyurethane (TPU) is significantly used in the automotive industry. Several parts of automobiles like bumpers, interior ceiling sections, doors, and windows use a significant amount of TPU. The USD 118 billion automobile industry in India is expected to reach USD 300 billion by 2026. According to OICA, India's vehicle production was 4.52 million vehicles in 2019, which reduced to 3.39 million units in 2020, a decline of around 25%. However, India is expected to emerge as the world's third-largest passenger vehicle market by 2021.
  • In India, the government's investment target of USD 120.5 billion for developing 27 industrial clusters is expected to boost commercial construction in the country.
  • The Indonesian government planned to invest about USD 450 billion in the construction sector by 2021, which is expected to drive residential construction in the country.
  • All these factors are expected to increase the market for thermoplastic polyurethane in the region during the forecast period.

Competitive Landscape

The global thermoplastic polyurethane market is consolidated in nature, with the top five players accounting for major shares of the market studied. Some major players in the market include BASF SE, Covestro AG, The Lubrizol Corporation, Huntsman International LLC, and Wanhua Chemical Group Co. Ltd., among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. Study Assumptions
  • 1.2. Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1. Drivers
    • 4.1.1. Increasing Applications in the Medical Industry
    • 4.1.2. Eco-friendly and Recyclable
    • 4.1.3. Rising Usage in Industrial Application
  • 4.2. Restraints
    • 4.2.1. Declining Automotive Production
    • 4.2.2. Negative Economic Impact of COVID-19
  • 4.3. Industry Value Chain Analysis
  • 4.4. Porter's Five Forces Analysis
    • 4.4.1. Bargaining Power of Suppliers
    • 4.4.2. Bargaining Power of Consumers
    • 4.4.3. Threat of New Entrants
    • 4.4.4. Threat of Substitute Products and Services
    • 4.4.5. Degree of Competition

5. MARKET SEGMENTATION

  • 5.1. Application
    • 5.1.1. Extruded Products
    • 5.1.2. Injection Molded Products
    • 5.1.3. Adhesives
    • 5.1.4. Other Applications
  • 5.2. End-user Industry
    • 5.2.1. Construction
    • 5.2.2. Automotive
    • 5.2.3. Footwear
    • 5.2.4. Medical
    • 5.2.5. Electrical and Electronics
    • 5.2.6. Heavy Engineering
    • 5.2.7. Other End-user Industries
  • 5.3. Geography
    • 5.3.1. Asia-Pacific
      • 5.3.1.1. China
      • 5.3.1.2. India
      • 5.3.1.3. Japan
      • 5.3.1.4. South Korea
      • 5.3.1.5. ASEAN Countries
      • 5.3.1.6. Rest of Asia-Pacific
    • 5.3.2. North America
      • 5.3.2.1. United States
      • 5.3.2.2. Canada
      • 5.3.2.3. Mexico
    • 5.3.3. Europe
      • 5.3.3.1. Germany
      • 5.3.3.2. United Kingdom
      • 5.3.3.3. Italy
      • 5.3.3.4. France
      • 5.3.3.5. Rest of Europe
    • 5.3.4. South America
      • 5.3.4.1. Brazil
      • 5.3.4.2. Argentina
      • 5.3.4.3. Rest of South America
    • 5.3.5. Middle-East and Africa
      • 5.3.5.1. Saudi Arabia
      • 5.3.5.2. South Africa
      • 5.3.5.3. Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1. Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2. Market Share**/Ranking Analysis
  • 6.3. Strategies Adopted by Leading Players
  • 6.4. Company Profiles
    • 6.4.1. Trinseo
    • 6.4.2. AVIENT CORPORATION (Formerly PolyOne Corporation)
    • 6.4.3. Epaflex Polyurethanes SpA
    • 6.4.4. BASF SE
    • 6.4.5. Covestro AG
    • 6.4.6. Coim Group
    • 6.4.7. Miracll Chemicals Co. Ltd
    • 6.4.8. Huafeng Group
    • 6.4.9. Huntsman International LLC
    • 6.4.10. DONGSUNG CORPORATION
    • 6.4.11. Sumei Chemical Co. Ltd
    • 6.4.12. Suzhou new Mstar Technology Ltd
    • 6.4.13. The Lubrizol Corporation
    • 6.4.14. Tosoh Corporation
    • 6.4.15. Wanhua Chemical Group Co. Ltd
    • 6.4.16. HEXPOL AB

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1. Shifting Focus toward the Development of Bio-based Products
  • 7.2. Increasing R&D Activities