TPU Material for Car Air Mattress Market

The global TPU Material for Car Air Mattress market was valued at USD 1.82 Billion in 2020 and is projected to reach USD 2.94 Billion by 2028, growing at a CAGR of 6.16%% from 2021 to 2028.

Thermoplastic polyurethane (TPU) is class of polyurethane plastics with properties that includes elasticity, transparency, and resistance to oil, grease, and abrasion. Technically, they are thermoplastic elastomers that contain of linear segmented block copolymers made of hard and soft segments. It is significantly use in automobile industry.

The global TPU Material for Car Air Mattress market report provides a thorough analysis of each segment, region, and country. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecasts, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report. In addition to that, the report will cover a thorough analysis of major players operating in the market based on company overview, product portfolio, recent developments, business strategies, financial performance, and market share among others. Cumulatively, the report will cover all aspects regarding the global TPU Material for Car Air Mattress market. 

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report includes an exhaustive analysis of TPU Material for Car Air Mattress industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain among others.

The growing car sale globally is anticipated to augment the growth of the TPU material for car air mattress market during the forecast period. This is attributable to the rapid urbanization and industrialization, rising disposable income of the consumers, and enhancement in technologies. The emerging economies are major influencers of using TPU material. This in turn is anticipated to fuel the growth for TPU material for car air mattress market. 

TPU offers numerous physical and chemical property combinations for the most demanding applications such as automotive, wires and cables, breathable films for leisure, sports and textile coatings, among others. The benefits provided by TPU include excellent tensile strength, high elongation at break, good load bearing capacity and robust weather and high-energy radiation resistance, among others. Owing to these benefits the demand for TPU material is increasing which in turn is supporting the growth of the TPU material for car air mattress market.

The major factor that is anticipated to hamper the growth of the global TPU material for car air mattress market is the high cost of raw ingredients used in TPU compounds. One of these major raw ingredients is adipic acid that is used for the production of nylon. About 85% of the AA is being used to produce nylon and the remaining 15% is used for manufacturing of TPU compound.

Product Types  Analysis: Preview

On the basis of Product Types, the market is segmented into TPU Flocking, TPU with Nylon Material, Others. TPU with Nylon Material held the highest share in the global TPU Material for Car Air Mattress market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Passenger Car, Commercial Car. Passenger Car accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Analysis: Preview

Based on , the market is segmented into . dominates the global TPU Material for Car Air Mattress market and is expected to continue the same trend from 2021 to 2028. 

Geographically, the global TPU Material for Car Air Mattress market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report covers a thorough segmental analysis for each region comprising of market size and estimations for each segment by region for the years 2016–2028. In addition to that the report analyses TPU Material for Car Air Mattress market at country-level hence the regional study is further bifurcated into key country-level markets from each region. Asia Pacific is anticipated to dominate the global market during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan.   

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Major players in the global TPU Material for Car Air Mattress market are Coim Group, API, Huntsman International LLC, Covestro AG, Suzhou Ruigao New Material Co. Ltd, Suzhou Austin Novel Materials Co. Ltd, Mitsui Chemicals Inc., BASF SE, The Lubrizol Corporation, Sumei Chemical Co. Ltd, Huafon Group, Wanhua Chemical Group Co.Ltd.. The global TPU Material for Car Air Mattress market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

• The global TPU Material for Car Air Mattress market was valued at USD 1.82 Billion in 2020
• The global TPU Material for Car Air Mattress Market is projected to reach USD 2.94 Billion by 2028
• Asia Pacific held the highest share of the TPU Material for Car Air Mattress market in 2020
• Some of the major companies operating in the TPU Material for Car Air Mattress market are Coim Group, API, Huntsman International LLC, Covestro AG, Suzhou Ruigao New Material Co. Ltd, Suzhou Austin Novel Materials Co. Ltd, Mitsui Chemicals Inc., BASF SE, The Lubrizol Corporation, Sumei Chemical Co. Ltd, Huafon Group, Wanhua Chemical Group Co.Ltd.