The global market for thermoplastic polyurethane
(TPU) films features the dominance of few large and well-established
TPU films brands and a high level of competition, observes a recent
report by Transparency Market Research (TMR). Owing to the
capital-intensive production process, the market has been able to
keep new entrants at a bay and the situation is expected to remain
unchanged in the next few years as well. Leading vendors are expected
to forge partnerships through acquisitions and mergers with promising
players in key regional territories as a way of expanding
geographically and adding new technologies and products to their own
portfolios.
Some of the leading vendors in the global
thermoplastic polyurethane films market are BASF SE, Huntsman
Corporation, Covestro AG, Polyol Macromolecule Polymer (Fujian) Co.,
Ltd, The Lubrizol Corporation, Huafon Group, Tosoh Corporation, and
Wanhua Chemical Group Co., Ltd.
Browse Market Research Report @
Transparency Market Research estimates that the
global TPU films market will exhibit a promising 6.8% CAGR over the
period between 2016 and 2024, rising to a valuation of US$516.9 mn by
2024 from US$286.8 mn in 2015.
Rising Production of Automobiles in Asia Pacific
to Present Vast Growth Opportunities for TPU Films Market
In terms of product variety, the report examines the
market for segments such as polyester TPU, polycaprolactone TPU, and
polyether TPU. Of these, the segment of polyester TPU dominated the
global TPU films market in 2015, accounting for the largest share in
the global market in terms of both revenue and value. Over the
report’s forecast period, the segment of polycaprolactone TPU is
expected to expand at the most promising pace - an estimated 7% CAGR.
From a geographical perspective, the market for TPU
films in Europe is presently the leading contributor of revenue to
the global market, thanks to the excellent demand from an established
automotive industry. The market in Asia Pacific is expected to emerge
as the one with the most promising growth opportunities owing to the
increasing production of vehicles in the region.
Promising Rise in GDPs in BRICS Countries Key to
Rising Global Demand for TPU Films
The significant rise in the production as well as
consumption of volumes of a variety of automobiles in emerging
economies such as India, Brazil, China, Russia, and South Africa is
one of the key factors expected to boost the overall intake of TPU
films in the next few years. The steady rise in GDPs of these
countries has encouraged the rise in production units across a number
of industries, a trend expected to gather strength with time due to
encouraging government regulations and high demand for products in
domestic markets. This trend is also expected to hold true for the
automotive industry, which is a key consumer of TPU films.
The massive rise in efforts aimed at reducing the
overall weight of vehicles to make them more energy efficient and
better at long-term performance has compelled automakers to replace
metal parts with suitable alternatives such as TPU films. Although
TPU films have found vast usage across automotive parts such as
seating in-fills and interior door panels, their overall promise is
expected to be hampered due to the increasing availability of
substitutes.
Fill the form for an exclusive sample of this
report @
This review of the market is based on a recent market
research report published by Transparency Market Research, titled
“Thermoplastic Polyurethane Films Market (Product Type - Polyester
TPU, Polyether TPU, and Polycaprolactone TPU; End Use - Automotive,
Building & Construction, Furniture, Aerospace, Footwear, Energy,
Medical & Healthcare, Recreation, and Flexible Packaging) -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016-2024.”
For the study, the global thermoplastic
polyurethane films market has been segmented as follows:
Thermoplastic Polyurethane Films Market –
Product Analysis
- Polyester TPU
- Polyether TPU
- Polycaprolactone TPU
Thermoplastic Polyurethane Films Market –
End-user Analysis
- Automotive
- Building & Construction
- Furniture
- Aerospace
- Footwear
- Energy
- Others (including medical & health care, flexible packaging, and recreation)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment