Global Thermoplastic Polyurethane (TPU) Films Market: Steady Growth Attributed to Rising Demand for Lightweight and High Performance Polymers, TMR
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
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
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Thermoplastic</strong> <strong>Polyurethane</strong> <strong>Films</strong> <strong>Market</strong> - <strong>Global</strong><br />
Industry Analysis, Size, Share, <strong>Growth</strong>, Trends <strong>and</strong><br />
Forecast 2016 - 2024<br />
Published Date<br />
04-Oct-2016<br />
178 Page Report<br />
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Press Release<br />
<strong>Global</strong> <strong>Thermoplastic</strong> <strong>Polyurethane</strong> (<strong>TPU</strong>) <strong>Films</strong> <strong>Market</strong>: <strong>Steady</strong><br />
<strong>Growth</strong> <strong>Attributed</strong> <strong>to</strong> <strong>Rising</strong> <strong>Dem<strong>and</strong></strong> <strong>for</strong> <strong>Lightweight</strong> <strong>and</strong> <strong>High</strong><br />
Per<strong>for</strong>mance <strong>Polymers</strong>, observes <strong>TMR</strong><br />
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<strong>Thermoplastic</strong> <strong>Polyurethane</strong> <strong>Films</strong><br />
<strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Thermoplastic</strong> <strong>Polyurethane</strong> <strong>Films</strong> <strong>Market</strong> - <strong>Global</strong> Industry Analysis, Size, Share, <strong>Growth</strong>, Trends <strong>and</strong><br />
Forecast 2016 - 2024<br />
The global thermoplastic polyurethane (<strong>TPU</strong>) films market is characterized by the presence of<br />
large <strong>and</strong> well-known players, who account <strong>for</strong> over half the market. Leading manufacturers<br />
operating in the thermoplastic polyurethane films market include BASF SE, Covestro AG, The<br />
Lubrizol Corporation, Huntsman Corporation, Tosoh Corporation, Wanhua Chemical Group Co.,<br />
Ltd., Huafon Group, Shanghai Lejoin <strong>Polyurethane</strong> Industrial Co., Ltd., <strong>and</strong> Polyol Macromolecule<br />
Polymer (Fujian) Co., Ltd.<br />
Transparency <strong>Market</strong> Research has observed that key players are <strong>for</strong>ming partnerships <strong>and</strong><br />
acquiring regional players <strong>to</strong> exp<strong>and</strong> the production of <strong>TPU</strong> <strong>and</strong> its raw materials. This is<br />
estimated <strong>to</strong> intensify the market rivalry during the <strong>for</strong>ecast period. The capital-intensive nature<br />
of the market <strong>and</strong> the presence of well-established <strong>TPU</strong> film br<strong>and</strong>s in the global market is likely<br />
<strong>to</strong> create significant barriers <strong>for</strong> new entrants.<br />
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Exhibiting a steady CAGR of 6.8% from 2016 <strong>to</strong> 2024, the global thermoplastic polyurethane<br />
films market is expected <strong>to</strong> exp<strong>and</strong> from a value of US$286.8 mn in 2015 <strong>to</strong> reach US$516.9 mn<br />
by 2024. The global dem<strong>and</strong> <strong>for</strong> <strong>TPU</strong> films is expected <strong>to</strong> reach 79,361.8 <strong>to</strong>ns by the end of the<br />
<strong>for</strong>ecast period.<br />
Asia Pacific <strong>to</strong> be <strong>High</strong>ly Lucrative <strong>Market</strong> <strong>for</strong> <strong>TPU</strong> <strong>Films</strong><br />
Polyester <strong>TPU</strong> was the leading product segment of the global <strong>TPU</strong> films market in 2015 in terms<br />
of value as well as volume, amounting <strong>to</strong> US$212.8 mn by 2024. On the other h<strong>and</strong>,<br />
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<strong>Thermoplastic</strong> <strong>Polyurethane</strong> <strong>Films</strong><br />
<strong>Market</strong><br />
polycaprolac<strong>to</strong>ne <strong>TPU</strong> is estimated <strong>to</strong> exhibit the strongest growth in the dem<strong>and</strong> <strong>and</strong> revenue<br />
during the <strong>for</strong>ecast period. The segment is projected <strong>to</strong> exp<strong>and</strong> at a 7.0% CAGR in terms of<br />
revenue.<br />
In terms of value, the au<strong>to</strong>motive sec<strong>to</strong>r constituted a massive share in the global <strong>TPU</strong> films<br />
market in 2015, while the aerospace industry is likely <strong>to</strong> offer lucrative market opportunities <strong>for</strong><br />
<strong>TPU</strong> films by 2024. Geographically, Asia Pacific is expected <strong>to</strong> represent itself as a highly<br />
attractive market in the next couple of years. In terms of volume, the dem<strong>and</strong> <strong>for</strong> <strong>TPU</strong> films in<br />
this region reached 18,200.0 <strong>to</strong>ns in 2015 <strong>and</strong> is expected <strong>to</strong> exhibit a 6.0% CAGR through 2024.<br />
Surge in GDP <strong>Growth</strong> in BRICS <strong>to</strong> Act as Key <strong>Growth</strong> Booster<br />
The increase in au<strong>to</strong>mobile sales is projected <strong>to</strong> fuel the dem<strong>and</strong> <strong>for</strong> <strong>TPU</strong> films in emerging<br />
economies from 2016 <strong>to</strong> 2024, predicts <strong>TMR</strong>. “Emerging economies such as BRICS (Brazil, Russia,<br />
India, China, <strong>and</strong> South Africa) are expected <strong>to</strong> witness an increase in GDP growth in the coming<br />
years <strong>and</strong> thus, manufacturing activities of various industries are anticipated <strong>to</strong> rise in the near<br />
future. This also holds true <strong>for</strong> the au<strong>to</strong>motive sec<strong>to</strong>r, which is the primary end user of <strong>TPU</strong><br />
films,” the author of the study points out.<br />
<strong>TPU</strong> films are used in the au<strong>to</strong>motive industry reduce the overall weight of au<strong>to</strong> parts <strong>and</strong><br />
components <strong>and</strong> <strong>to</strong> improve overall per<strong>for</strong>mance <strong>and</strong> efficiency. These films are used in the<br />
engineering <strong>and</strong> designing of noise <strong>and</strong> vibration absorbing au<strong>to</strong>motive parts, such as interior<br />
door panels, seating in-fills, <strong>and</strong> thermal insulation covers <strong>for</strong> engine bays.<br />
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Contrary <strong>to</strong> this, the ever-rising prices of raw materials <strong>and</strong> the growing presence of substitutes<br />
are some of the prominent deterrents <strong>to</strong> the growth of the <strong>TPU</strong> films market.<br />
This review is based on the findings of a <strong>TMR</strong> report titled “<strong>Thermoplastic</strong> <strong>Polyurethane</strong><br />
(<strong>TPU</strong>) <strong>Films</strong> <strong>Market</strong> (Product Type - Polyester <strong>TPU</strong>, Polyether <strong>TPU</strong>, <strong>and</strong><br />
Polycaprolac<strong>to</strong>ne <strong>TPU</strong>; End Use - Au<strong>to</strong>motive, Building & Construction, Furniture,<br />
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<strong>Thermoplastic</strong> <strong>Polyurethane</strong> <strong>Films</strong><br />
<strong>Market</strong><br />
Aerospace, Footwear, Energy, Medical & Healthcare, Recreation, <strong>and</strong> Flexible<br />
Packaging) - <strong>Global</strong> Industry Analysis, Size, Share, <strong>Growth</strong>, Trends, <strong>and</strong> Forecast 2016<br />
- 2024.”<br />
<strong>Thermoplastic</strong> <strong>Polyurethane</strong> <strong>Films</strong> <strong>Market</strong> – Product Analysis<br />
• Polyester <strong>TPU</strong><br />
• Polyether <strong>TPU</strong><br />
• Polycaprolac<strong>to</strong>ne <strong>TPU</strong><br />
<strong>Thermoplastic</strong> <strong>Polyurethane</strong> <strong>Films</strong> <strong>Market</strong> – End-user Analysis<br />
• Au<strong>to</strong>motive<br />
• Building & Construction<br />
• Furniture<br />
• Aerospace<br />
• Footwear<br />
• Energy<br />
• Others (including medical & health care, flexible packaging, <strong>and</strong> recreation)<br />
Browse All Chemical & Materials <strong>Market</strong> Research Reports:<br />
http://www.transparencymarketresearch.com/chemical-market-reports-2.html<br />
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