Notes

Thermoplastic Polyurethane Market Will Reach USD 5,326 Million by 2030

As mentioned by P&S Intelligence, the thermoplastic polyurethane market will propel at a rate of 7.0% in the years to come, to reach USD 5,326 million by 2030. This is mainly credited to the extensive use of TPU in vehicle parts and a range of medical devices.

Thermoplastic Polyurethane Market Size and Share Analysis Report@ https://www.psmarketresearch.com/market-analysis/thermoplastic-polyurethane-market

In the medical device sector, this polymer is used to manufacture orthodontic products & dental materials, wound care products, mattresses, medical instrument cables, catheters, compression stockings, and gel shoe orthotics.

Further, TPU has emerged as an eco-friendly alternative to the traditional polyvinylchloride. Apart from this, TPU offers biocompatibility, chemical and oil resistance, durability, and absence of plasticizers

• The polyols category will grow significantly in the years to come. This will be because polyols are extensively used for the production of PU products, including rigid foams, sealants, coatings, and adhesives.

• TPU made from polyols is utilized in many other industries, for example, refrigeration, automobile, construction, and furnishings.

Furthermore, the e-commerce and online business industry requires the products to be safe from damage until they reach the customer. As a result, the usage of pre-blended polyol packaging, including corrugated, plastic, and wooden boxes, is rising.

The diisocyanate category dominated the industry in 2022, and the trend will continue in the years to come. This is mostly because of the tremendously reactive nature of this chemical with polyols, which creates polyurethane. Two of the most-commonly used diisocyanates in TPU production are toluene diisocyanate and methylene diphenyl diisocyanate.