The European thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing adopting of thermoplastic polyurethane in footwear, automotive, and medical, among other industries. As per PlasticEurope, in 2018, the demand for plastic in the region was 51.2 million tons as compared to 49.0 million tons in 2015. Around 60,000 companies are operating in the plastic industry in the region and directly employing over 1.6 million people in 2018 in the region.
The European 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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Europe Thermoplastic Polyurethane Market Segmentation
By Raw Material
- Polyols
- Diisocyanate
- Diols
By Application
- Footwear
- Industrial Machinery
- Automotive
- Electronics
- Medical
- Others
A full Report of European Thermoplastic Polyurethane (TPU) Market is Available at: https://www.omrglobal.com/industry-reports/european-thermoplastic-polyurethane-tpu-market
Regional Analysis
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- BASF SE
- Overview
- BASF SE in Asia-Pacific
- BASF SE in Thermoplastic Polyurethane Landscape
- Recent Developments
- Covestro AG
- Epaflex Polyurethanes Spa
- Hexpol AB
- Huntsman International LLC
- Novotex Italiana SpA
- The Lubrizol Corp.
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