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Thriving Automotive Industry Driving Global Thermoplastic Polyurethane Films Market

Press release Description

Albany, New York, February 28, 2017: Market Research Reports Search Engine (MRRSE) has announced the addition of a new report to its repository, titled “Thermoplastic Polyurethane Films Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” The report has been developed to act as an information-base for the targeted audiences such as manufacturers of thermoplastic polyurethane (TPU) films, government and consulting organizations, and traders, distributors, and suppliers. The report also profiles some of the leading companies currently operational in global thermoplastic polyurethane films, and estimates their market share besides analyzing their product portfolio, pricing and margin, and recent developments.

The report evaluates that the global thermoplastic polyurethane films market had an opportunity worth US$286.8 mn in 2015, and rising at a CAGR of 6.8% during the forecast period of 2016 to 2024, the opportunities will increase up to US$516.9 mn by the end of 2024. In terms of volume, the market is estimated to reach 79,361.8 tons by the end of the forecast period.

The report observes that TPU films are functional polymers that resembles plastic and rubber as far as attributes such as low weight, high elasticity, and resistance against heat, abrasion, chemicals, moisture, and oil are concerned. Owing to these benefits, the report finds that thermoplastic polyurethane films are now increasingly used in several sectors such as energy, building and constructions, aerospace, but primarily in the automotive industry. With TPU films, vibration and noise absorbing automotive parts are made, such as seating in-fills, interior door panels, and thermal insulation covers for engine bays.

The report segments the global thermoplastic polyurethane market into polyester, polyether, and polycaprolactone on the basic of product, and into automotive, furniture, aerospace, energy, building and construction, footwear, and others on the basis of end user. The segment of others includes flexible packaging, medical and healthcare, and recreation. In 2015, construction and automotive segments served the maximum demand and are expected to remain most profitable during the forecast period. Geographically, the report studies the opportunities available for the players in the regions of North America, the Middle East and Africa, Asia Pacific, Europe, and Latin America. Currently, thriving automotive market in Asia Pacific makes it the most lucrative region, while North America and Europe are expected to remain equally important secondary regional markets.

According to the report, large number of well-established players dominate the global thermoplastic polyurethane films market, and account for well over half of the shares. These leading players include BASF SE, The Lubrizol Corporation, Covestro AG, Huntsman Corporation, Shanghai Lejoin Polyurethane Industrial Co., Ltd., Wanhua Chemical Group Co., Ltd., Tosoh Corporation, Polyol Macromolecule Polymer (Fujian) Co., Ltd, and Huafon Group. The most common strategy adopted by these players is to indulge in partnerships as well as acquire promising domestic players to develop their ideas. This also helps them expand their production capacity and reduces the cost of raw materials. Consequently, the chances of new entrants making an in-road into this dominance is highly unlikely.

Browse Full Global Thermoplastic Polyurethane Films Market Report with TOC:

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