According
to a study conducted by Grand View Research, Inc.; the worldwide ThermoplasticPolyurethane (TPU) films market is predicted to attain a valuation of USD 724.6
million by 2020. Rapid growth of end-use markets such as railway, aerospace,
and construction, particularly in the Asia Pacific (APAC) region is expected to
spur the global market in near future. Extensive usage of TPU films in the
automotive industry for applications like rear bumper and scratch protection can
further support the expansion. Expanding after sales market is also likely to
propel market growth. In addition, increased use of TPU films in construction
and sports goods is also projected to augment market over the forecast period
(from 2014 to 2020).
Strict
regulations about the usage of hazardous raw materials are expected to hinder
the market growth. However, the shifting focus of the manufacturing companies toward
introducing new additives to enhance the product specifications is likely to
fuel market expansion. Moreover, use of bio-based materials as alternative raw
materials for thermoplastic polyurethane film production has increased since
the last few years. This is also estimated to boost the market in forthcoming
years. Many companies such as DuPont, Arkema, and PolyOne have already invested
into the bio-based TPU films market. Increased focus on R&D activities for
sustainable thermoplastic polyurethanes is anticipated to provide the market
players with attractive business opportunities over the forecast period.
Full Research Report On Thermoplastic Polyurethane
(TPU) films market Analysis: https://www.grandviewresearch.com/industry-analysis/tpu-films-industry
In 2013,
the worldwide demand for TPU was estimated at 46,769.1 tons. It is predicted to
reach at 68,033.1 tons by 2020 at over 5.5% CAGR during the forecast years. The
global thermoplastic polyurethane (TPU) films market is categorized as per application
and region. On the basis of application, the market is categorized into
aerospace, railway, energy, automotive, leisure and sports, building and
construction, furniture, and others.
Based on geographies,
the market is divided into Europe, North America, APAC, Japan, and RoW. Asia
Pacific dominated the global market in the past with around 34% of the total
TPU films market share. The region is expected to continue witnessing steady
growth on account of rapidly evolving infrastructure and automobiles industries
in India and China. Increased production along with development of the current
facilities by Chinese manufacturers is also projected to fuel the regional
market over the next few years. The market in Japan, which was predicted at
3,685.4 tons in 2013, is projected to register a healthy CAGR of 4.9% from 2014
to 2020. In addition, lower prices of TPU films in this region as compared to
other regions are also expected to help boost the regional market expansion.
View More Reports of This Category by Grand View
Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
In 2013,
Europe and North America occupied 19% and 27% of the global market volume
respectively. High usage of thermoplastic polyurethane films in energy, automobiles,
and construction industries is anticipated to be one of the key growth drivers
for the market in North America region. Whereas, the Europe region is said to
have a sluggish development due to recent economic recessions, which slowed
down major end-use sectors such as construction and aerospace. However,
increased scope of application of TPU films in leisure and sports is projected
to spur the market in Europe over the forecast period.
The top
four players, namely, Huntsman Corp.; Bayer Material Science; Permali
Gloucester Ltd.; and The 3M Company accounted for around 40% of the overall market
share in 2013. Some of the other prominent companies in the global thermoplastic
polyurethane (TPU) films market are Avery Dennison Corp.; The Lubrizol Corp.;
and American Polyfilm Inc. Novel product development is one of the primary strategies
followed by most of the companies to attain maximum share in the global market.
For instance, Lubrizol Engineered Polymers by Lubrizol Corp. recently announced
the launch of its new TPU product line, Estane, for signs, labels, and graphics
market. The products in the new thermoplastic polyurethane portfolio are
particularly designed to deal with the growing graphics industry and as a high
performance substitute to the conventional vinyl-based products.
View Press
Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermoplastic-polyurethane-tpu-films-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
For More Information: www.grandviewresearch.com
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