Thermoplastic Polyurethane Market by Type (Polyester, Polyether, and Polycaprolactone), End-Use Industry (Automotive, Footwear, Engineering, Building & Construction, Wires & Cables, Hose & Tubing, and Medical), and Region - Global Forecast to 2021

Table of Contents

1 INTRODUCTION 14

1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 PACKAGE SIZE 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18

2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 20
2.1.2.2 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS 24
2.4.1 ASSUMPTIONS 24

3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 28

4.1 SIGNIFICANT OPPORTUNITIES IN THE TPU MARKET 28
4.2 TPU MARKET, BY END-USE INDUSTRY 28
4.3 TPU MARKET IN ASIA-PACIFIC, BY COUNTRY AND END-USE INDUSTRY 29
4.4 TPU MARKET SHARE, BY REGION 30
4.5 TPU MARKET, BY TYPE 30
 

5 MARKET OVERVIEW 31

5.1 INTRODUCTION 32
5.2 MARKET SEGMENTATION 32
5.2.1 BY TYPE 32
5.2.2 BY END-USE INDUSTRY 32
5.2.3 BY REGION 33
5.3 MARKET DYNAMICS 34
5.3.1 DRIVERS 34
5.3.1.1 Growing use of TPU in the automotive industry 34
5.3.1.2 Replacement of conventional materials by TPU 35
5.3.1.3 Improving economic conditions 36
5.3.2 RESTRAINTS 36
5.3.2.1 High cost of TPU in comparison to other conventional materials 36
5.3.2.2 Intense competition from compounding plastics 36
5.3.3 OPPORTUNITIES 37
5.3.3.1 Emerging markets for bio-based TPU 37
5.3.3.2 Replacement of PVC with TPU in the medical industry 37
5.3.4 CHALLENGES 38
5.3.4.1 Difficulty in processing TPU 38
5.3.4.2 Volatility in crude oil prices 38

6 INDUSTRY TRENDS 39

6.1 INTRODUCTION 39
6.2 VALUE CHAIN ANALYSIS 40
6.2.1 R&D 40
6.2.2 RAW MATERIALS 40
6.2.3 MANUFACTURERS/FORMULATORS 40
6.2.4 DISTRIBUTORS 41
6.2.5 END-USE INDUSTRY 41
6.3 PORTER’S FIVE FORCES ANALYSIS 42
6.3.1 THREAT OF NEW ENTRANTS 42
6.3.2 THREAT OF SUBSTITUTES 43
6.3.3 BARGAINING POWER OF BUYERS 43
6.3.4 BARGAINING POWER OF SUPPLIERS 43
6.3.5 INTENSITY OF COMPETITIVE RIVALRY 44
 

7 TPU MARKET, BY RAW MATERIAL 45

7.1 INTRODUCTION 45
7.2 DIISOCYANTE 45
7.3 POLYOLS 45
7.4 DIOLS 45

8 TPU MARKET, BY TYPE 46

8.1 INTRODUCTION 47
8.2 POLYESTER 48
8.3 POLYETHER 48
8.4 POLYCAPROLACTONE 48

9 TPU MARKET, BY END-USE INDUSTRY 49

9.1 INTRODUCTION 50
9.2 FOOTWEAR 51
9.2.1 SHOE 51
9.2.2 SOLES 51
9.2.3 SLIPPERS 51
9.3 ENGINEERING 52
9.3.1 MACHINERY PARTS 52
9.3.2 ELECTRONIC DEVICES 52
9.4 BUILDING & CONSTRUCTION 52
9.4.1 ROOFING MEMBRANES 52
9.4.2 CURED-IN-PLACE PIPE 52
9.5 AUTOMOTIVE 53
9.5.1 INTERIOR BODY PARTS 53
9.5.2 EXTERIOR BODY PARTS 53
9.6 HOSE & TUBING 53
9.6.1 HOSES 53
9.6.2 ORGANIC WASTE PIPES 53
9.6.3 PNEUMATIC & BRAKE TUBE 53
9.7 WIRES & CABLES 54
9.7.1 TELECOMMUNICATION 54
9.7.2 TRANSPORTATION 54
9.7.3 MINING 54
9.8 MEDICAL 54
9.8.1 CATHETERS 54
9.8.2 MEDICAL DEVICE HOUSING 54
9.8.3 WOUND CARE PRODUCTS 54
 

10 TPU MARKET, BY REGION 55

10.1 INTRODUCTION 56
10.2 NORTH AMERICA 57
10.2.1 U.S. 60
10.2.1.1 U.S.: Economic outlook, 2015 61
10.2.2 CANADA 62
10.2.2.1 Canada: Economic outlook, 2015 62
10.2.3 MEXICO 63
10.2.3.1 Mexico: Economic outlook, 2015 63
10.3 EUROPE 65
10.3.1 GERMANY 67
10.3.2 FRANCE 68
10.3.3 U.K. 69
10.3.4 ITALY 70
10.3.5 SPAIN 71
10.3.6 RUSSIA 72
10.3.7 REST OF EUROPE 73
10.4 ASIA-PACIFIC 74
10.4.1 CHINA 76
10.4.2 JAPAN 77
10.4.3 SOUTH KOREA 78
10.4.4 INDIA 79
10.4.5 THAILAND 80
10.4.6 INDONESIA 81
10.4.7 TAIWAN 82
10.4.8 REST OF ASIA-PACIFIC 83
10.5 MIDDLE EAST & AFRICA 84
10.5.1.1 Middle East & Africa: Economic outlook, 2015 84
10.5.2 SAUDI ARABIA 86
10.5.3 SOUTH AFRICA 87
10.5.4 REST OF MIDDLE EAST & AFRICA 89
10.6 SOUTH AMERICA 90
10.6.1 BRAZIL 92
10.6.2 ARGENTINA 93
10.6.3 REST OF SOUTH AMERICA 94
 

11 COMPETITIVE LANDSCAPE 95

11.1 OVERVIEW 95
11.2 MARKET SHARE ANALYSIS 96
11.2.1 BASF POLYURETHANES GMBH (GERMANY) 96
11.2.2 LUBRIZOL CORPORATION (U.S.) 96
11.2.3 COVESTRO AG (GERMANY) 96
11.2.4 HUNTSMAN CORPORATION (U.S.) 96
11.2.5 WANHUA CHEMICAL GROUP CO., LTD. (CHINA) 97
11.3 COMPETITIVE SITUATION AND TRENDS 97
11.3.1 NEW PRODUCT LAUNCH 98
11.3.2 INVESTMENT & EXPANSION 101
11.3.3 MERGER & ACQUISITION 102
11.3.4 AGREEMENT, PARTNERSHIP & COLLABORATION 102

12 COMPANY PROFILES 103

(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 AMERICAN POLYFILM, INC. 103
12.2 BASF POLYURETHANES GMBH (BASF SE) 104
12.3 COVESTRO AG 106
12.4 API PLASTICS 109
12.5 HEXPOL AB 110
12.6 HUNTSMAN CORPORATION 113
12.7 KURARAY CO., LTD. 116
12.8 THE LUBRIZOL CORPORATION 117
12.9 POLYONE CORPORATION 120
12.10 WANHUA CHEMICAL GROUP CO., LTD. 122
12.11 OTHER KEY MARKET PLAYERS 124
12.11.1 COIM GROUP 124
12.11.2 HEADWAY POLYURETHANE CO. LTD. 124
12.11.3 MIRACLL CHEMICAL CO. LTD. 124
12.11.4 TAIWAN SHEEN SOON 124
*Details might not be captured in case of unlisted companies
13 APPENDIX 125

LIST OF TABLES

TABLE 1 TPU MARKET, BY TYPE 32
TABLE 2 TPU MARKET, BY END-USE INDUSTRY 32
TABLE 3 COST COMPARISON OF TPU VS. OTHER PLASTICS 36
TABLE 4 TPU MARKET SIZE, BY TYPE, 2014–2021 (USD MILLION) 47
TABLE 5 TPU MARKET SIZE, BY TYPE, 2014–2021 (KILOTON) 48
TABLE 6 TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 50
TABLE 7 TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 51
TABLE 8 TPU MARKET SIZE, BY REGION, 2014–2021 (KILOTON) 57
TABLE 9 TPU MARKET SIZE, BY REGION, 2014–2021 (USD BILLION) 57
TABLE 10 NORTH AMERICA: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 59
TABLE 11 NORTH AMERICA: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 59
TABLE 12 NORTH AMERICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON) 59
TABLE 13 NORTH AMERICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 60
TABLE 14 U.S.: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 61
TABLE 15 U.S.: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 61
TABLE 16 CANADA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 62
TABLE 17 CANADA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 63
TABLE 18 MEXICO: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 64
TABLE 19 MEXICO: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 64
TABLE 20 EUROPE: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 65
TABLE 21 EUROPE: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 65
TABLE 22 EUROPE: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 66
TABLE 23 EUROPE: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 66
TABLE 24 GERMANY: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 67
TABLE 25 GERMANY: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 67
TABLE 26 FRANCE: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 68
TABLE 27 FRANCE: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 68
TABLE 28 U.K.: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 69
TABLE 29 U.K.: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 69
TABLE 30 ITALY: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 70
TABLE 31 ITALY: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 70
TABLE 32 SPAIN: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 71
TABLE 33 SPAIN: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 71
TABLE 34 RUSSIA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 72
TABLE 35 RUSSIA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 72
TABLE 36 REST OF EUROPE: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 73
TABLE 37 REST OF EUROPE: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON) 73
TABLE 38 ASIA-PACIFIC: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 74
TABLE 39 ASIA-PACIFIC: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 74
TABLE 40 ASIA-PACIFIC: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 75
TABLE 41 ASIA-PACIFIC: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 75
TABLE 42 CHINA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 76
TABLE 43 CHINA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 76
TABLE 44 JAPAN: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 77
TABLE 45 JAPAN: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 77
TABLE 46 SOUTH KOREA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 78
TABLE 47 SOUTH KOREA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 78
TABLE 48 INDIA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 79
TABLE 49 INDIA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 79
TABLE 50 THAILAND: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 80
TABLE 51 THAILAND: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 80
TABLE 52 INDONESIA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 81
TABLE 53 INDONESIA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 81
TABLE 54 TAIWAN: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 82
TABLE 55 TAIWAN: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 82
TABLE 56 REST OF ASIA-PACIFIC: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 83
TABLE 57 REST OF ASIA-PACIFIC: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON) 83
TABLE 58 MIDDLE EAST & AFRICA: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 84
TABLE 59 MIDDLE EAST & AFRICA: TPU MARKET SIZE, BY COUNTRY,
2014–2021 (USD MILLION) 85
TABLE 60 MIDDLE EAST & AFRICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON) 85
TABLE 61 MIDDLE EAST & AFRICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 86
TABLE 62 SAUDI ARABIA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 86
TABLE 63 SAUDI ARABIA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 87
TABLE 64 SOUTH AFRICA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 88
TABLE 65 SOUTH AFRICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 88
TABLE 66 REST OF MIDDLE EAST & AFRICA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 89
TABLE 67 REST OF MIDDLE EAST & AFRICA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 89
TABLE 68 SOUTH AMERICA: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (KILOTON) 90
TABLE 69 SOUTH AMERICA: TPU MARKET SIZE, BY COUNTRY, 2014–2021 (USD MILLION) 90
TABLE 70 SOUTH AMERICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON) 91
TABLE 71 SOUTH AMERICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 91
TABLE 72 BRAZIL: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (KILOTON) 92
TABLE 73 BRAZIL: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (USD MILLION) 92
TABLE 74 ARGENTINA: TPU MARKET SIZE, BY END-USE INDUSTRY, 2014–2021 (TON) 93
TABLE 75 ARGENTINA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 93
TABLE 76 REST OF SOUTH AMERICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (KILOTON) 94
TABLE 77 REST OF SOUTH AMERICA: TPU MARKET SIZE, BY END-USE INDUSTRY,
2014–2021 (USD MILLION) 94
TABLE 78 NEW PRODUCT LAUNCH, 2012–2016 98
TABLE 79 INVESTMENT & EXPANSION, 2012–2016 101
TABLE 80 MERGER & ACQUISITION, 2012–2016 102
TABLE 81 AGREEMENT, PARTNERSHIP & COLLABORATION, 2012–2016 102

LIST OF FIGURES

FIGURE 1 TPU: MARKET SEGMENTATION 15
FIGURE 2 TPU MARKET: RESEARCH DESIGN 18
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 21
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 22
FIGURE 5 TPU MARKET: DATA TRIANGULATION 23
FIGURE 6 POLYESTER TO DOMINATE THE TPU MARKET 25
FIGURE 7 MEDICAL SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 26
FIGURE 8 ASIA-PACIFIC TO BE THE FASTEST-GROWING TPU MARKET 26
FIGURE 9 ATTRACTIVE OPPORTUNITIES IN THE TPU MARKET BETWEEN 2016 AND 2021 28
FIGURE 10 MEDICAL IS THE FASTEST-GROWING END-USE INDUSTRY OF TPU 28
FIGURE 11 CHINA DOMINATED THE ASIA-PACIFIC TPU MARKET IN 2015 29
FIGURE 12 ASIA-PACIFIC ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2015 30
FIGURE 13 POLYESTER-BASED TPU TO ACCOUNT FOR THE LARGEST MARKET SHARE 30
FIGURE 14 TPU MARKET, BY REGION 33
FIGURE 15 IMPACT ANALYSIS OF THE TPU MARKET 33
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE TPU MARKET 34
FIGURE 17 GLOBAL AUTOMOTIVE SALES FORECAST TILL 2017 35
FIGURE 18 FLUCTUATIONS IN PRICES OF CRUDE OIL BETWEEN 2014 AND 2016 38
FIGURE 19 VALUE CHAIN ANALYSIS 40
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 42
FIGURE 21 POLYESTER TO ACCOUNT FOR THE LARGEST MARKET SHARE 47
FIGURE 22 FOOTWEAR SEGMENT TO LEAD THE TPU MARKET 50
FIGURE 23 INDIA, CHINA, JAPAN, AND BRAZIL ARE EMERGING AS STRATEGIC LOCATIONS FOR THE TPU MARKET 56
FIGURE 24 NORTH AMERICA MARKET SNAPSHOT: U.S. WAS THE KEY TPU MARKET IN 2015 58
FIGURE 25 NEW PRODUCT LAUNCH WAS THE KEY GROWTH STRATEGY ADOPTED BY LEADING COMPANIES 95
FIGURE 26 BASF POLYURETHANES ACCOUNTED FOR THE LARGEST SHARE OF THE TPU MARKET 96
FIGURE 27 BATTLE FOR DEVELOPMENTAL MARKET SHARE: NEW PRODUCT LAUNCH WAS THE KEY STRATEGY 97
FIGURE 28 COVESTRO AG: COMPANY SNAPSHOT 106
FIGURE 29 COVESTRO AG: SWOT ANALYSIS 108
FIGURE 30 HEXPOL AB: COMPANY SNAPSHOT 110
FIGURE 31 HEXPOL AB: SWOT ANALYSIS 112
FIGURE 32 HUNTSMAN CORPORATION: COMPANY SNAPSHOT 113
FIGURE 33 HUNTSMAN CORPORATION: SWOT ANALYSIS 115
FIGURE 34 KURARAY CO., LTD.: COMPANY SNAPSHOT 116
FIGURE 35 THE LUBRIZOL CORPORATION: SWOT ANALYSIS 119
FIGURE 36 POLYONE CORPORATION: COMPANY SNAPSHOT 120
FIGURE 37 WANHUA CHEMICAL GROUP CO., LTD.: SWOT ANALYSIS 123

当レポートのプレスリリースは発行されておりません。