Global TPU market value of $1.75 billion in 2018
According to the Transparency Market Research report, global demand for TPU, worth $987.2 million, 2010, 2013-2018 period demand value will with 5.5% compound annual rate of growth, to the value of $1.7469 billion in 2018.
Are the most vigorous demand in Europe, the Middle East and Africa (EMEA), global TPU is heavily reliant on shoes materials and automobile market, market growth, however, the cost of raw materials instability, and the impact of the global environmental protection consciousness to deepen, growth is limited.
Global demand of TPU and demand the highest value of extruded from the market, according to a report in the next five years to TPU extrusion market demand will be 5.1% compound annual rate of growth, the demand value annual compound growth rate of 5.7%, the second injection molding and sealants and adhesives industry.
TPU is widely used in wire and cable, hose and automobile industry, including wire and cable industry TPU demand the highest value, followed by the hose and cars. Automobile industry is one of the largest markets, TPU share most applied in interior products, including the dashboard. Wire and cable industry TPU demand value between 2013 and 2018 will be 5.9% compound annual growth rate to rise.
It is understood that the EMEA region TPU income between 2013 and 2018 will be 4.9% compound annual growth rate to rise, but Asia Pacific will be the most strong future global TPU growth leaders. Demand of TPU of Germany in the EMEA region and demand value is the highest, followed by Britain and Italy.
In the next five years demand for China will become the largest country in the Asia Pacific region, the demand will rise at a 7.8% annual growth rate.