Albany, New York -- The global thermoplastic polyurethane demand was worth $987.2 million in 2010 and is expected to reach $1746.9 million in 2018, growing at an average rate of over 5.5 percent from 2013 to 2018, according to a new report.
The report 'Thermoplastic Polyurethane (TPU) Market- Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018,' published by Transparency Market Research, also notes that EMEA (Europe, Middle East and Africa) dominates the global market in terms of demand, although Asia Pacific is expected to be the most promising market in the near future.
The report also says that the TPU market is dominated by extrusion in terms of volume and revenue. The extrusion market by volume is growing at an average growth rate of 5.1 percent from 2013 to 2018. In terms of revenue, the market of extrusion is growing at an average rate of 5.7 percent from 2013 to 2018. Following extrusion, the market for injection moulding and adhesive and sealants is also witnessing significant growth, the report says.
The report is available from Transparency Market Research's website.
UTI has not seen this report and cannot comment on its accuracy.