End-User Industry to Drive the North American Thermoplastic Polyurethane Market

Published: Nov 2020

The North American thermoplastic polyurethane market is estimated to exhibit a considerable CAGR during the forecast period. There is increasing use of thermoplastic polyurethane in various end-user industries such as footwear, electronics,  medical, and is a major driving factor for the growth of the North American thermoplastic polyurethane industry. Increasing demand for thermoplastic polyurethane in the manufacturing of automotive interior components such as door panel and instrumental panel further drives the thermoplastic polyurethane market in North America.

Browse the full report description North American Thermoplastic Polyurethane (TPU) Market Size, Share & Trends Analysis Report, By Raw Material (Polyols, Diisocyanate, and Diols), By Application (Footwear, Industrial Machinery, Automotive, Electronics, Medical, and Others), and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/north-american-thermoplastic-polyurethane-tpu-market

Further, the consumers are increasingly preferring high performance and lightweight passenger cars, which in turn, is driving plastics innovation in automotive manufacturing. This has resulted in an increased consumption of thermoplastics in the automotive industry. Moreover, the high substitution rate of thermoplastic polyurethane as an alternative to ethylene propylene diene monomer in construction materials further tends to complement the North American demand for thermoplastic polyurethane during the forecast period.

Apart from these, thermoplastic polyurethane find applications in furniture and textile. In the furniture industry, adhesives and sealants manufactured from thermoplastic polyurethane are widely adopted in the lamination of plastic films onto kitchen or bathroom furniture applications. 

Market Coverage

  • Market number available for – 2018-2025
  • Base year- 2018
  • Forecast period- 2019-2025
  • Segment Covered- By Raw Material and By Application
  • Regions Covered- North America
  • Competitive Landscape- BASF SE, Huntsman International LLC, and The Lubrizol Corp. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment/region dominates the market in the base year?
  • Which segment/region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

North American Thermoplastic Polyurethane Market- Segmentation

By Raw Material

  • Polyol
  • Diisocyanate
  • Diols

By Application

  • Footwear
  • Industrial Machinery
  • Automotive
  • Electronics
  • Medical
  • Others

North American Thermoplastic Polyurethane Market– Segment by Region 

North America

  • US
  • Canada

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