Thermoplastic Polyurethane Films Systems - Global Industry Analysis 2024

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Research
Thermoplastic Polyurethane Films Market - Global
Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
Published Date
04-Oct-2016
178 Page Report
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Press Release
Global Thermoplastic Polyurethane (TPU) Films Market: Steady
Growth Attributed to Rising Demand for Lightweight and High
Performance Polymers, observes TMR
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Thermoplastic Polyurethane Films
Market
REPORT DESCRIPTION
Thermoplastic Polyurethane Films Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
The global thermoplastic polyurethane (TPU) films market is characterized by the presence of large
and well-known players, who account for over half the market. Leading manufacturers operating in the
thermoplastic polyurethane films market include BASF SE, Covestro AG, The Lubrizol Corporation,
Huntsman Corporation, Tosoh Corporation, Wanhua Chemical Group Co., Ltd., Huafon Group,
Shanghai Lejoin Polyurethane Industrial Co., Ltd., and Polyol Macromolecule Polymer (Fujian) Co.,
Ltd.
Transparency Market Research has observed that key players are forming partnerships and acquiring
regional players to expand the production of TPU and its raw materials. This is estimated to intensify
the market rivalry during the forecast period. The capital-intensive nature of the market and the
presence of well-established TPU film brands in the global market is likely to create significant barriers
for new entrants.
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Exhibiting a steady CAGR of 6.8% from 2016 to 2024, the global thermoplastic polyurethane films
market is expected to expand from a value of US$286.8 mn in 2015 to reach US$516.9 mn by 2024.
The global demand for TPU films is expected to reach 79,361.8 tons by the end of the forecast period.
Asia Pacific to be Highly Lucrative Market for TPU Films
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Thermoplastic Polyurethane Films
Market
Polyester TPU was the leading product segment of the global TPU films market in 2015 in terms of
value as well as volume, amounting to US$212.8 mn by 2024. On the other hand, polycaprolactone
TPU is estimated to exhibit the strongest growth in the demand and revenue during the forecast period.
The segment is projected to expand at a 7.0% CAGR in terms of revenue.
In terms of value, the automotive sector constituted a massive share in the global TPU films market in
2015, while the aerospace industry is likely to offer lucrative market opportunities for TPU films by
2024. Geographically, Asia Pacific is expected to represent itself as a highly attractive market in the
next couple of years. In terms of volume, the demand for TPU films in this region reached 18,200.0
tons in 2015 and is expected to exhibit a 6.0% CAGR through 2024.
Surge in GDP Growth in BRICS to Act as Key Growth Booster
The increase in automobile sales is projected to fuel the demand for TPU films in emerging economies
from 2016 to 2024, predicts TMR. “Emerging economies such as BRICS (Brazil, Russia, India, China,
and South Africa) are expected to witness an increase in GDP growth in the coming years and thus,
manufacturing activities of various industries are anticipated to rise in the near future. This also holds
true for the automotive sector, which is the primary end user of TPU films,” the author of the study
points out.
TPU films are used in the automotive industry reduce the overall weight of auto parts and components
and to improve overall performance and efficiency. These films are used in the engineering and
designing of noise and vibration absorbing automotive parts, such as interior door panels, seating infills, and thermal insulation covers for engine bays.
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Thermoplastic Polyurethane Films
Market
Contrary to this, the ever-rising prices of raw materials and the growing presence of substitutes are
some of the prominent deterrents to the growth of the TPU films market.
This review is based on the findings of a TMR report titled “Thermoplastic Polyurethane (TPU)
Films Market (Product Type - Polyester TPU, Polyether TPU, and Polycaprolactone TPU; End
Use - Automotive, Building & Construction, Furniture, Aerospace, Footwear, Energy, Medical &
Healthcare, Recreation, and Flexible Packaging) - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024.”
Thermoplastic Polyurethane Films Market – Product Analysis
•
Polyester TPU
•
Polyether TPU
•
Polycaprolactone TPU
Thermoplastic Polyurethane Films Market – End-user Analysis
•
Automotive
•
Building & Construction
•
Furniture
•
Aerospace
•
Footwear
•
Energy
•
Others (including medical & health care, flexible packaging, and recreation)
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About Us
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Thermoplastic Polyurethane Films
Market
Transparency Market Research is a market intelligence company providing global business information reports
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Thermoplastic Polyurethane Films Market is expected to expand from a value of US$286.8 mn in 2015 to reach US$516.9 mn by 2024, exhibiting a steady CAGR of 6.8% from 2016 to 2024