Global thermoplastic polyurethane (TPU) film market analysis

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Time of issue:2019-11-12
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(Summary description)Polyester TPU is the most important product in the global TPU film market in 2015, and its value as of 2024 will total a total of 212.8 US dollars. On the other hand, TPU is expected to show strong demand growth and revenue during the forecast period. Some will plan to expand the compound annual revenue growth rate to 7%

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Global thermoplastic polyurethane (TPU) film market analysis

(Summary description)Polyester TPU is the most important product in the global TPU film market in 2015, and its value as of 2024 will total a total of 212.8 US dollars. On the other hand, TPU is expected to show strong demand growth and revenue during the forecast period. Some will plan to expand the compound annual revenue growth rate to 7%

Categories:News
Author:
Origin:
Time of issue:2019-11-12
Views:0

Polyester TPU is the most important product in the global TPU film market in 2015, and its value as of 2024 will total a total of 212.8 US dollars. On the other hand, TPU is expected to show strong demand growth and revenue during the forecast period. Some will plan to expand the compound annual revenue growth rate to 7%.

In terms of value, the automotive industry invested a huge market share of global TPU films in 2015, although the aviation industry is likely to launch the TPU film market by 2024. The Asia-Pacific region will enter a very attractive market in the next few years. In 2015, the demand for TPU film in this field reached 18,200 tons, and the compound annual growth rate is expected to be 6.0% in 2024.

Automobile sales growth plans to increase the demand for its TPU film in the emerging economic markets from 2016 to 2024. Emerging economies such as the BRIC countries (Brazil, Russia, India, China and South Africa) are expected to witness the rapid growth of their GDP in the next few years, and various industry activities in manufacturing are also expected to increase in the next few years. This also applies to major TPU film end customers in the automotive industry.

TPU films are used in the automotive industry to reduce the weight and components of automotive components to improve overall performance and efficiency. These films are used in the engineering and design of automotive parts, such as interior door panels, seat padding, and thermal insulation.

In contrast, rising raw material prices and the emergence of more and more alternatives are the most significant reasons that have hindered the growth of some TPU film markets.

The global thermoplastic polyurethane film market is characterized by its large size and its market share accounts for more than half of the market. Major manufacturers of the thermoplastic polyurethane film market include BASF, Covestro, Lubrizol, Huntsman Corporation, Tosoh, Wanhua Chemical Industry Group Co., Ltd., Huafeng Group Company, Shanghai Lianjing Polyurethane Industry Co., Ltd. Molecular Polymers (Fujian) Co., Ltd.

A transparent market study found that polyurethane film has expanded its TPU and raw material production. It is estimated that the market competition will be intensified during the forecast period. Natural capital-intensive markets and global perfect TPU film brands are likely to cause huge obstacles to new consumer groups.

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Global thermoplastic polyurethane (TPU) film market analysis

Global thermoplastic polyurethane (TPU) film market analysis

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