The global TPUfilms market is expected to reach USD 724.6
million by 2020, according to a new study by Grand View Research, Inc.
Automotive applications dominated the TPU films market, with demand estimated
at 11,622.1 tons in 2013. Increasing use of TPU films in automotive
applications such as paint protection, scratch protection, anti-chipping and
rear bumper protection coupled with growing after sales market is expected to
fuel market growth.
Asia Pacific emerged as the largest
regional TPU films market, with demand estimated at 16,299 tons in 2013. Growth
of automotive industry coupled with increasing application of TPU films in
sports goods and construction is expected to drive the market growth over the
next six years, at an estimated CAGR of 7.8% from 2014 to 2020. Furthermore,
lower TPU film prices in Asia Pacific compared to other regional markets may
also complement market growth.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/tpu-films-industry
Further key findings from the study suggest:
·
Global TPU films market demand was 46,769.1
tons in 2013 and is expected to reach 68,033.1 tons by 2020, growing at a CAGR
of 5.5% from 2014 to 2020.
·
Aerospace is expected to be the fastest
growing application segment, at an estimated CAGR of 6.6% from 2014 to 2020.
·
North America and Europe accounted for over
27% and 19% of the total market volume in 2013, respectively. Increasing use of
TPU films in automotive and construction applications is expected to drive the
market growth in these regions.
·
China and India dominated the TPU films
market in Asia Pacific and accounted for over 60% of the market volume in 2013.
·
Japan TPU films demand was estimated at
3,685.4 tons in 2013 and is expected to grow at an estimated CAGR of 4.9% from
2014 to 2020.
·
The global TPU films market is highly
fragmented with the top four companies including Bayer Material Science,
Huntsman, 3M and Permali Gloucester Limited, accounting for just over 40% of
the market in 2013. Other companies in the market include American Polyfilm
Inc., PAR Group, Nippon, Lubrizol and Avery Dennison.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the TPU
films market on the basis of application and region:
Global TPU Films Market Application Outlook (Volume,
Tons; Revenue, USD Million, 2012 - 2020)
·
Automotive
·
Railway
·
Leisure and sports
·
Energy
·
Building & Construction
·
Furniture
·
Aerospace
·
Others
Global TPU Films Regional Outlook (Volume, Tons; Revenue,
USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
Japan
·
RoW
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.