GLOBAL THERMOPLASTIC POLYURETHANE MARKET EXPECTED TO RISE AT A STEADY 6.8 PERCENT CAGR THROUGH 2024

GLOBAL THERMOPLASTIC POLYURETHANE MARKET EXPECTED TO RISE AT A STEADY 6.8 PERCENT CAGR THROUGH 2024 

 According to Transparency Market Research (TMR), the global thermoplastic polyurethane market is expected to rise at a steady 6.8 percent CAGR during the forecast period. Rising at this CAGR, the global thermoplastic polyurethane films market is expected to surpass the valuation $516.9 million by 2024. The market was observed at a valuation of $286.8 million in 2015. The competitive landscape of the thermoplastic polyurethane films market is moderately consolidated with few players accounting for more than 60 percent of market share, says Transparency Market Research(TMR). Some of the prominent players operating in the thermoplastic polyurethane films market are BASF Co., Huntsman Co., The Dow Chemical Co., Mitsui Chemicals Inc., Nippon Polyurethane Industry Co., Eastman Chemical Co. and Woodbridge Foam Co. These players are focusing towards several activities such as acquisitions and mergers, business expansion and collaboration in order to concretize their foothold in the market. The competition could highly intensify in the future with an increase in the number of players in the market. Most players are pouring extensive investments in the market to push innovations and developments.

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