Expanded Thermoplastic Polyurethane Market Share

APAC Market Statistics

On the basis of regional analysis, the expanded thermoplastic polyurethane market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is likely to dominate majority revenue share by 2037, on the back of rising demand for sports shoes from urban areas in the region. On the other hand, growing disposable income of the consumers in APAC is also expected to fuel the growth of the market in the coming years. High manufacturing output of china is also evaluated to boost market growth in the region. For instance, China is the world’s largest producer of plastic. More than 30% of the world’s plastic is manufactured in this country amounting to about 366 million metric tonnes.

Europe Market Analysis

Moreover, Europe is also estimated to gain significant expanded thermoplastic polyurethane market share over the forecast period owing to the strong presence of well-established leather and automotive industries in nations such as France, Spain and Italy, and increasing agricultural production in the region.