The global thermoplastic polyurethane market reached a value of US$ 2.47 Billion in 2021. IMARC Group expects the market to reach US$ 3.67 Billion by 2027.
Share this article
Share this article
ResearchAndMarkets.com s offering.
The global thermoplastic polyurethane market is estimated to witness a healthy growth, at an estimated CAGR of over 3.5%, over the forecast period. The major factors driving the growth of the market are increasing applications in the medical industry. Ashifting focus toward the development of bio-based products and increasing R&D activities are likely to create opportunities for the market in the coming years. The Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Key Market Trends
Increasing Demand from Adhesives and Sealants