AI Drives Transformation in Thermoplastic Polyurethane Market, Projected to Grow by USD 945.7 Million from 2024-2028, Boosted by APAC Automotive Demand

Barchart · 10/15 18:50

NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global thermoplastic polyurethane market  size is estimated to grow by USD 945.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.21%  during the forecast period.  Increasing opportunities in automotive industry in APAC is driving market growth, with a trend towards upcoming developments in bio-based products. However, damage to thermoplastic polyurethane structure caused by moisture  poses a challenge. Key market players include API Spa, BASF SE, Avient Corp., COIM Spa, Covestro AG, DIC Corp., Dongsung Corp, Epaflex Polyurethanes Spa, HEXPOL AB, Huntsman Corp., Kolon Industries Inc., Koninklijke DSM NV, KURARAY Co. Ltd., Mitsui Chemicals Inc., Sanyo Corp of America, Songwon Industrial Co. Ltd., Taiwan PU Corp., The Lubrizol Corp., Tosoh Corp., and Wanhua Chemical Group Co. Ltd..

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