Footwear Industry to Drive the US Thermoplastic Polyurethane Market

The US thermoplastic polyurethane market is estimated to exhibit a considerable CAGR during the forecast period. The increasing use of thermoplastic polyurethane in various end-user industries such as footwear, electronics, and medical, is driving the growth of the US thermoplastic polyurethane industry. the footwear industry is one of the major applications of thermoplastic polyurethane and is driving the growth of the market in the country.

Browse the full report description US Thermoplastic Polyurethane (TPU) Market Size, Share & Trends Analysis Report, By Raw Material (Polyols, Diisocyanate, and Diols), By Application (Footwear, Industrial Machinery, Automotive, Electronics, Medical, and Others), and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/us-thermoplastic-polyurethane-tpu-market

According to the Footwear Distributors and Retailers of America in 2020, Americans spend around $86 billion on shoes every year. There are 127,000 footwear workers in the nation (post-pandemic). Further, the US imports more than 7 pairs of shoes for every man, woman, and child in the country. Further, the footwear companies of the nation invest tens of millions of dollars each year in their stores, and platforms to ensure the delivery of high-quality shoes in a timely manner. 

Such a growing footwear industry in the country demands raw material or the manufacturing of shoes. Adhesives based on thermoplastic polyurethane resins show good strength at low and high temperatures and are resistant to chemicals, water, and humidity. Owing to such properties, the material is highly preferred for the manufacturing of shoes. Therefore, with the growing footwear industry, the market for thermoplastic polyurethane is expected to grow in the country during the forecast period.

Market Coverage

• Market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- By Raw Material and By Application
• Regions Covered- US
• Competitive Landscape- BASF SE, Huntsman International LLC, and The Lubrizol Corp. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Thermoplastic Polyurethane Market- Segmentation

By Raw Material

• Polyol
• Diisocyanate
• Diols

By Application

• Footwear
• Industrial Machinery
• Automotive
• Electronics
• Medical
• Others