blogspots

  Thermoplastic Polyurethane Market size The growth for thermoplastic polyurethane (TPU) market is expected at a rapid phase owing due to its rising demand from various regions and its vast application in various end-use industries. Market Research Future (MRFR) has published a research report regarding global thermoplastic polyurethane market that estimates progress for this market with 6.53% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of cash, this market is expected to be worth the US $ 2.96 bn during the forecast period. Analyzing the market structure, this report offers insights about factors affecting the market growth. Evaluating market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances. The factors leading to the growth of the global Thermoplastic ...

Market Synopsis The Global Thermoplastic Polyurethane Market 2020 is slated to acquire USD 3.5 billion by 2025 with a 6.5% CAGR. Market Scenario Owing to its properties such as elasticity, transparency, and resistance to grease, oil , and abrasion, thermoplastic polyurethane is commonly used in the automobile, manufacturing, aerospace, and medical industries for different applications. In addition, thermoplastic polyurethane is biodegradable, environmentally safe and fully recyclable, making it an acceptable alternative to PVC and other polymers. This is projected during the forecast period to be one of the primary reasons for the growth of the industry. In addition, demand for thermoplastic polyurethane during the forecast period is expected to be driven by the development of these end-use industries. In addition, the steady growth of the medical & healthcare industry due to demographic growth, income levels and recognition, along with technological developments, is projec...