The North American thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing applications of thermoplastic polyurethane in a wide range of end-user industries such as footwear, automotive, and medical industry. In addition, the shifting trend towards the development of bio-based products coupled with the increasing R&D activities by the industry players further gives a boost to the growth of the North American thermoplastic polyurethane market.

The North American thermoplastic polyurethane market is segmented on the basis of raw material and application. Based on the raw material, the market is segmented into polyols, diisocyanate, and diols. Further, on the basis of end-user, the market is segmented into footwear, automotive, industrial machinery, electronics, medical, and others. Thermoplastic polyurethane hot melt adhesives have a major application in the footwear industry for shoe joining and others. Thermoplastic polyurethane-based adhesives possess some properties such as good hot green strength and an excellent final bond, which have increased the application of TPU in the automotive industry. In the automotive industry, thermoplastic polyurethane is used in interior parts, such as instrument panel, door panel, and attachment clip.

Geographically, the North American thermoplastic polyurethane covers the country-level analysis of the US and Canada. The US dominates the market and will continue its dominance during the forecast period. The presence of major manufacturers in the region is one of the major factors driving the North American thermoplastic polyurethane market.

Moreover, the market report covers the analysis of various players operating in the market. Some of the global players operating in the North American thermoplastic polyurethane market include BASF SE, Huntsman International LLC, The Lubrizol Corp., and many others. Owing to increasing competition in the market, the players in the market adopting various strategies such as merger and acquisition and partnership and collaboration, are focusing on the development of new products that tend to fuel market growth in the near future. 

Research Methodology

The market study of the North American thermoplastic polyurethane market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research has been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for thermoplastic polyurethane manufacturers, suppliers, raw material suppliers, traders, third-party distributors, automotive industry, healthcare industry, footwear industry, and other end-user industries, government organizations, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products & services offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. North American Thermoplastic Polyurethane Market Research and Analysis by Raw Material
2. North American Thermoplastic Polyurethane Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the North American Thermoplastic Polyurethane Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American Thermoplastic Polyurethane Market.
• Insights about market determinants which are stimulating the North American Thermoplastic Polyurethane Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.