Thermoplastic Polyurethane (TPU) Films Market share research by applications and regions for 2016-2023
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Thermoplastic Polyurethane (TPU) Films Market size is mainly driven by the major construction applications including commercial, industrial, residential and office buildings. Innovations and modern technologies have created a new space for durable and high-performance cladding systems.
Global Thermoplastic Polyurethane (TPU) Films market size was estimated at 2.07 million tons in 2014 and is likely to exceed 3.1 million tons by 2023 growing with an expected CAGR of over 5.5%. Super absorbent polymer market revenue is likely to be valued at over USD 11 billion by 2023.
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Reasons to Buy This Report
1. Thermoplastic Polyurethane (TPU) Films Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Thermoplastic Polyurethane (TPU) Films Market growth opportunities & emerging business
4. Competitive benchmarking with market share analysis and company profiles
Office buildings dominated the Thermoplastic Polyurethane (TPU) Films Market size over the forecast timeframe. Stainless steel, anodized aluminum, terracotta, fiber cement, composite and glass materials are used in these systems to protect the buildings. Steel & glass facades and glazed walling systems are often used in multi-storied office buildings to provide natural lightning & shading, weather-tightness and thermal insulation which may drive the industry growth.
Global synthetic (Thermoplastic polyurethane) TPU films market size was estimated at over 47 kilo tons in 2015 and is likely to grow with a CAGR of more than 5% up to 2023. TPU film market revenue is likely to be valued at more than USD 750 million by 2023.
Automotive applications dominated and accounted for more than 24% of the total demand in 2013. Aerospace applications are likely to witness high gains, at an estimated CAGR of over 6.5% up to 2023.
The Thermoplastic Polyurethane (TPU) Films Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Thermoplastic Polyurethane (TPU) Films Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Thermoplastic Polyurethane (TPU) Films Market Product Insights
5. Thermoplastic Polyurethane (TPU) Films Market Application Insights
6. Thermoplastic Polyurethane (TPU) Films Market Regional Insights
7. Competitor Profiles
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Increasing awareness of light weight material demand in automobile applications in order to increase fuel efficiency and reduce carbon emissions is likely to drive TPU films market growth. They are used in automobile component manufacturing which helps in reducing the weight of the vehicle (by almost 40%). Also, they are used for substituting rubber components in vehicles.
They are used for automobile applications such as door & acoustic panels, Instrument & anti-vibration panels, seats and airbags. Replacement or after sales market are expected to become an important focal point for TPU films demand in automobile industry.
Pricing plays an important role in the market with consumers being price sensitive. TPU films market price trend is relatively higher by 25% to 35% in Europe and North America in comparison to prices in Asia Pacific.
Growing construction spending in emerging economies of Asia Pacific is likely to drive demand. Asia Pacific dominated the construction spending and accounted for 40% of the global revenue spending in 2012.
Global TPU films market share is fragmented with top four companies catering to over 40% of the total demand in 2013. Presence of large number of domestic manufactures & suppliers mainly in China is responsible for high fragmented market.
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Key companies involved in this market include Covestro, PAR Group, Huntsman, MH & W International and 3M Company. Other prominent manufactures include Avery Dennison, Nippon Polyurethane, BASF, Lubrizol and Permali Gloucester.
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