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TPU films market to depict appreciable growth prospects over 2019-2025

Author : Rahul Varpe | Published Date : 2019-06-27 

Global TPU films market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2025. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers information along with Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and growth.

Global synthetic (Thermoplastic polyurethane) TPU films market size was estimated at over 47 kilo tons in 2015 and is likely to grow with a CAGR of more than 5% up to 2023. TPU film market revenue is likely to be valued at more than USD 750 million by 2023.

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Automotive applications dominated and accounted for more than 24% of the total demand in 2013. Aerospace applications are likely to witness high gains, at an estimated CAGR of over 6.5% up to 2023.

Asia Pacific was the dominant region and accounted for over 34% of the total demand in 2013. China & India TPU films market were the leading consumers in Asia Pacific together accounting for over 60% of the total demand in 2015. Europe and North America are likely to witness moderate gains and they accounted for over 19% and 27% respectively in 2015. Japanese TPU films market was estimated at more than 3.5 kilo tons in 2015.

Increasing awareness of light weight material demand in automobile applications in order to increase fuel efficiency and reduce carbon emissions is likely to drive TPU films market growth. They are used in automobile component manufacturing which helps in reducing the weight of the vehicle (by almost 40%). Also, they are used for substituting rubber components in vehicles.

Reasons to Buy This Report:

1. TPU films market size & share forecast by product & application 2019-2025

2. Growth drivers, pitfalls & industry challenges

3. Key TPU films market growth opportunities & emerging business models

4. Competitive benchmarking with market share analysis and company profiles

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/synthetic-and-bio-thermoplastic-polyurethane-tpu-films-market

Growth in per-capita middle class consumer income coupled with government initiatives to bring in FDI particularly in countries such as India and China is likely to drive regional demand. Growth of automobile industry in countries such as Thailand and Indonesia is also anticipated to drive regional growth. North America is likely to witness moderate growth owing to post recession recovery in construction & automobile industries coupled with increase in consumer spending capacity.

Global TPU films market share is fragmented with top four companies catering to over 40% of the total demand in 2013. Presence of large number of domestic manufactures & suppliers mainly in China is responsible for high fragmented market.

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Key companies involved in this market include Covestro, PAR Group, Huntsman, MH & W International and 3M Company. Other prominent manufactures include Avery Dennison, Nippon Polyurethane, BASF, Lubrizol and Permali Gloucester.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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