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Global TPU Films Market Key Insights Based on Regional Demand, Types, and End-User during Forecast 2017 – 2025
Market Research Hub
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As per the study key findings, the global TPU films market, which was valued at US$ 637 Mn in 2016 is anticipated to reach US$ 1,095 Mn by 2025, expanding at a CAGR of nearly 6% from 2017 to 2025. The demand has been increasing because TPU films offer high elasticity and low permeability along with resistance to hydrolysis, high temperature, puncture, tear and fatigue. They have been also used widely in other end-user industries such as textiles, polymers, rubber processing, and medical & healthcare.
Geographical Expansion
Furthermore, the geographical segmentation is also encompassed in the report which analyzes the scope of the market in different regions including North America, Europe, the Asia Pacific, South America, Europe and the Middle East and Africa. The research study finds that TPU films market is highly active all over the world, mainly because of its widening usage in a number of applications such as automotive, construction and aerospace industry.
In 2016, North America held nearly 30% value share in the global TPU films market. Now, the analysts depict that the demand for TPU films for all the end-use industries is declining in the region due to easy availability of competitive and cost-effective substitutes such as thermoplastic olefins in the region. In the coming years, development of the TPU films market in Asia Pacific region is estimated to grow. It is primarily ascribed to favorable government policies and growth of downstream industries.
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Segmental Overview
The report provides a detailed view of the TPU films market based on products and end-use industry. Key products included in the report are polyester TPU films, polyether TPU films and polycaprolactone TPU films. Of them, Polyester TPU held a major share of the global TPU films market in 2016, as polyester TPU films are widely consumed in automotive, footwear, building & construction, and aerospace industries.
At present, key players functioning in the TPU films market include Bond-A-Band Transmission Limited, Covestro AG, 3M, Huntsman Corporation, Erez Europe, Wiman Corporation, Novotex Italiana S.p.A., Permali Gloucester Limited, DUNMORE, Evermax Eco, Redwood TTM Ltd, and PROCHIMIR SAS.
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