Description
Global
thermoplastic polyurethane (TPU) films market size is likely to be valued at
USD 724.6 million by 2020; as per a new research report by Radiant Insights,
Inc. Increase in lightweight plastics demand in order to achieve vehicle fuel
efficiency and reduce carbon footprints is likely to drive market. Favorable
regulations regarding automobile norms benefiting consumers is anticipated to
drive high performance thermoplastics such as TPU. Increase in infrastructure
spending in countries such as China, India and Indonesia is anticipated to
drive the market
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Fluctuating
raw material prices of propylene and aniline are anticipated to directly
influence polyols & MDI, which can affect overall industry growth.
Increasing investments by companies such as Arkema, Polyone, DuPont and
Merquinsa for developing bio based TPU films are likely to offer opportunities
for industry growth.
Automotive
applications dominated the overall consumption and accounted for over 24% of
the total volume in 2013. TPU films are used in automotive applications such as
scratch protection, paint protection, rear bumper protection and anti-chipping.
Aerospace application is likely to be the fastest growing with an estimated
CAGR of 6.6% up to 2020.
The report “TPU Films Market Size, Share,
Industry Analysis Report, 2020” is available now to Radiant Insights customers
and can also be purchased directly at- https://www.radiantinsights.com/press-release/global-tpu-films
Key report insights suggest:
• Global TPU films market size was
estimated 46.7 kilo tons in 2013 and may register 68.03 kilo tons by 2020
growing with an estimated CAGR of 5.5% from 2014 to 2020.
• Asia Pacific (excluding Japan)
dominated the regional market and accounted for 34.9% of the total demand in
2013. Presence of automobile manufactures in Indonesia, China, Thailand and
India coupled with growing construction spending is likely to drive regional
demand.
• Japanese TPU films market was
estimated at over USD 38 million in 2014 and is anticipated to witness gains at
6.9% from 2014 to 2020 in terms of revenue.
• North American market was estimated
at over 12.5 kilo tons in 2013 with a CAGR of 4.4% from 2014 to 2020.
Automobile applications dominated the regional market and accounted for 24.6%
of the total share in 2013.
• The global TPU films market is
fragment with four manufacturers comprising of 40% of the market share in 2013.
Major companies include Bayer Material Science, 3M, Permali Gloucester and
Huntsman. Other prominent companies include PAR group, American Polyfilm, Avery
Dennison, Lubrizol and Nippon.
For
the purpose of this study, Radiant Insights has segmented the activated carbon
market on the basis of product, application, end-use and region:
Global TPU Films Application Overview
(Tons; Revenue, USD Million, 2012 – 2020)
• Automotive
• Leisure and sports
• Energy
• Furniture
• Railway
• Aerospace
• Building & construction
• Others
Global TPU Films Regional Overview (Tons;
Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• Japan
• RoW
About Us
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Insights is a market research and consulting company offering syndicated
research studies, customized reports, and consulting services. Our market
research studies are designed to facilitate strategic decision making, on the
basis of extensive and in-depth quantitative information, supported by
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industries such as Technology, Chemicals, Materials,
and Energy. Radiant Insights has a strong base
of analysts, consultants and domain experts, with global
experience
helping us deliver excellence in all research projects we undertake
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