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Increasing application of E-TPU in bicycle saddles and usage for manufacturing sports equipment are among some of the key factors driving market revenue growth, says Emergen Research

Increasing application of E-TPU in bicycle saddles and usage for manufacturing sports equipment are among some of the key factors driving market revenue growth, says Emergen Research

VANCOUVER, B.C., Nov. 25, 2021 /PRNewswire/ — The Global Expanded Thermoplastic Polyurethane (E-TPU) market size reached USD 350.1 Million in 2020 and is expected to…

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VANCOUVER, B.C., Nov. 25, 2021 /PRNewswire/ — The Global Expanded Thermoplastic Polyurethane (E-TPU) market size reached USD 350.1 Million in 2020 and is expected to register a significantly steady revenue CAGR during the forecast period, according to latest analysis by Emergen Research. Increasing usage of E-TPU for production of shoe soles and helmets is a major factors expected to drive market revenue growth.

Increasing demand for and production of bicycles and rising demand for E-TPU as this material is used in saddles and increasing use in manufacture of sports equipment are major factors driving revenue growth of the market. Besides, Rising usage of expanded thermoplastic polyurethane for shoe soles is expected to continue to support market revenue growth between 2021 and 2028. For instance, Adidas already uses E-TPU in soles of its shoes. With E-TPU shoe soles, the shoes are lighter in weight and give the wearer better leaping ability, resulting in better running performance.

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Restraints:

However, high cost of E-TPU and increased fluctuation in raw material costs of E-TPU are factors expected to limit adoption and hamper growth of the Expanded Thermoplastic Polyurethane (E-TPU) market to a certain extent over the forecast period.

Growth Projections:

The global E-TPU market is expected to register a revenue CAGR of 9.2% over the forecast period and revenue is projected to increase from USD 350.1 Million in 2020 to USD 694.8 Million in 2028. COVID-19 Impact Analysis: Market revenue decreased […]

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