Market Summary
Research Methodology on Thermoplastic Polyurethane Market
Introduction
The thermoplastic polyurethane market is predicted to grow at a tremendous rate in the forecasted period. These materials, due to their unique properties, have become popular in many fields, including automotive and construction. The market report provides the critical aspects of this market in the form of information about market share, size, drivers, trends, and segments for the forecasted period. All of these insights shall be given by thorough primary and secondary research as is done in comprehensive research methodology.
Research approach
To provide an accurate piece of information about the thermoplastic polyurethane market, various approaches have been employed which include both primary and secondary research. A detailed study of the same has been incorporated into this research approach for the thermoplastic polyurethane market. Also, the bottom-up approach and top-down approach have been used to assess the size of the global thermoplastic polyurethane market and to estimate the market forecast for 2023 to 2030. Factor analysis is used to forecast the data which is collected and organized.
Research Process
The research process for this report was a combination of both primary and secondary research. Primary research provided an insightful take on the current market trends. Questionnaires and surveys were conducted with industry experts to gain multiple perspectives. Secondary research was conducted through various sources such as websites, press releases, company annual reports, industry reports, and databases. Data collected through these sources was used to analyze the current trends and to validate the insights obtained.
Primary Research
Primary research was focused on gaining an in-depth understanding of the market from key industry experts. To gain detailed perspectives, interviews were conducted with major companies in the area. These interviews involved both phone interviews and in-person interviews. In addition, surveys were conducted with industry analysts and current market dynamics were presented.
Secondary Research
For secondary research, a variety of sources was used to gain industry insights. Such sources include Factiva, Bloomberg, Hoovers, UK Business Directory, US Business Directory, and many other mail correspondence with various publishers. Furthermore, the information regarding industry outlook, size, share, segmental analysis, global industry trends, leading players, and their growth strategies were studied in detail.
Triangulation Methodology
Demand-side and supply-side data triangulation methodology was used to provide a more accurate estimation of the market value and to study all aspects of the market. This method followed a three-step approach. First, the number of applications was identified and the top players serving these applications were listed. Finally, the market size was estimated based on the supply and demand abilities of the players.
Time Series Analysis
Time series analysis was used to analyze the past and current market data to simulate potential scenarios in the market. In addition, it was used to identify the changing trends in the market over some time. This information was used to compare the past trends with the current market forecasts.
Conclusion
The comprehensive and detailed study of the thermoplastic polyurethane market was carried out using both primary and secondary research. Primary research provided an in-depth understanding of the market through interviews and surveys with industry experts and market analysts. Whereas, secondary research involved studying various sources such as websites, press releases, company annual reports, industry reports, databases, and many other mail correspondences. To get a more accurate insight into the market different approaches such as time series analysis, bottom-up approach, top-down approach, and factorial analysis were used. Additionally, demand-side and supply-side data triangulation was used to get a more detailed understanding of the market. All of this information was used to create this report.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2022 | USD 2.76 Billion |
Market Size 2023 | USD 3.01 Billion |
Market Size 2030 | USD 4.71 Billion |
Compound Annual Growth Rate (CAGR) | 6.89% (2023-2030) |
Base Year | 2022 |
Market Forecast Period | 2023-2030 |
Historical Data | 2018 & 2022 |
Market Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, End Use, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | PAR Group, BASF, The Lubrizol Corporation, American Polyfilm Inc, 3M, Avery Dennison, Bayer Material Science, Huntsman Corporation, KPX Chemical, Permali Gloucester Limited |
Key Market Opportunities | Increasing per capita disposable income Rapid urbanization |
Key Market Dynamics | Its durability, high strength, exceptional fungal and abrasion resistance offered by the product |
Major Players
Thermoplastic Polyurethane Market Segmentation
Thermoplastic Polyurethane Type Outlook (USD Million, 2019-2030)
Polyester
Polyether
Polycaprolactone
Thermoplastic Polyurethane End Use Outlook (USD Million, 2019-2030)
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Thermoplastic Polyurethane Regional Outlook (USD Million, 2019-2030)
North America Outlook (USD Million, 2019-2030)
North America Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
North America Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
US Outlook (USD Million, 2019-2030)
US Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
US Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
CANADA Outlook (USD Million, 2019-2030)
CANADA Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
CANADA Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Europe Outlook (USD Million, 2019-2030)
Europe Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Europe Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Germany Outlook (USD Million, 2019-2030)
Germany Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Germany Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
France Outlook (USD Million, 2019-2030)
France Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
France Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
UK Outlook (USD Million, 2019-2030)
UK Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
UK Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
ITALY Outlook (USD Million, 2019-2030)
ITALY Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
ITALY Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
SPAIN Outlook (USD Million, 2019-2030)
Spain Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Spain Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Rest Of Europe Outlook (USD Million, 2019-2030)
REST OF EUROPE Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
REST OF EUROPE Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Asia-Pacific Outlook (USD Million, 2019-2030)
Asia-Pacific Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Asia-Pacific Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
China Outlook (USD Million, 2019-2030)
China Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
China Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Japan Outlook (USD Million, 2019-2030)
Japan Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Japan Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
India Outlook (USD Million, 2019-2030)
India Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
India Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Australia Outlook (USD Million, 2019-2030)
Australia Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Australia Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Rest of Asia-Pacific Outlook (USD Million, 2019-2030)
Rest of Asia-Pacific Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Rest of Asia-Pacific Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Rest of the World Outlook (USD Million, 2019-2030)
Rest of the World Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Rest of the World Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Middle East Outlook (USD Million, 2019-2030)
Middle East Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Middle East Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Africa Outlook (USD Million, 2019-2030)
Africa Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Africa Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
Latin America Outlook (USD Million, 2019-2030)
Latin America Thermoplastic Polyurethane by Type
Polyester
Polyether
Polycaprolactone
Latin America Thermoplastic Polyurethane by End Use
Automotive
Construction
Aerospace
Energy & Power
Medical
Others
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