Press release
Thermoplastic Polyurethane Films Market- Global Industry Analysis, Size, Share, Growth 2024 | Research Report
The global market for thermoplastic polyurethane (TPU) films is primarily fueled by their rising usage across the automotive and construction industries. Thermoplastic polyurethane is the class of elastomers that are entirely thermoplastic in nature, exhibiting properties such as excellent elasticity, low weight and resistance to degrading factors such as abrasion, chemicals, oil, and moisture. Owing to their excellent structural integrity, TPU films find extensive usage across several industry verticals and are expected to continue to fetch demand at a promising rate in the next few years.
This 178 page report gives readers a comprehensive overview of the Thermoplastic Polyurethane Films Market. Browse through to unlock the hidden opportunities in this market @
http://www.transparencymarketresearch.com/thermoplastic-polyurethane-films-market.html
The thriving automotive and construction industries, two of the most lucrative end-use sectors for TPU films, will have a significant impact on the future development of the market. Transparency Market Research estimates that the market will exhibit a promising 6.8% CAGR over the period between 2016 and 2024, rising from a valuation of US$286.8 mn in 2015 to US$516.9 mn by 2024.
Rising Demand for Lightweight Vehicles to Remain Key to Market Growth
The lightweight and excellent structural integrity allows TPU films to be used across a large set of application areas in a number of industries such as automotive, building and construction, furniture, footwear, energy, aerospace, medical and healthcare, and flexible packaging. Of these, the automotive and construction industries have contributed the dominant share in revenue to the global TPU films market consistently over the past few years. The automotive industry, especially, is emerging as one of the leading consumers of TPU films to manufacture lightweight body parts and components. The automotive sector led the market in terms of volume in 2015, followed by the construction sector.
Owing to the excellent moisture, chemicals, oils, abrasion, and tear resistance properties of TPU films, they also find extensive usage in the construction industries. The thriving growth of the industry, especially in developing economies owing to the rapid rate of urbanization and construction of new buildings and public infrastructure is the key factor to have led the excellent demand for TPU films in the construction sector over the past years. The trend is expected to remain strong in the near future as well.
Europe Market to Continue to Account for Massive Chunk in Revenue
From the regional perspective, the report segments the global TPU films market into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Of these, the Europe market is presently the leading contributor to the revenue of the global market, thanks to the presence of some of world’s leading automobile manufacturers. Recovery of the automotive company post the recent economic slowdown in the region will again open growth avenues for the TPU films market, allowing the region to remain at the forefront of the global market in the next few years as well.
Get accurate market forecast and analysis on the Thermoplastic Polyurethane Films Market. Request a sample to stay abreast on the key trends impacting this market @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15464
The Asia Pacific market is also expected to embark upon high-growth path in the next few years, chiefly owing to the burgeoning construction sector in developing economies and rising production of vehicles in China, Japan, and South Korea. The Asia Pacific market for TPU films held a significant 35% of the global market in 2015 and is expected to see a sizeable gain by 2024. Within the Asia Pacific region, China is by far the most lucrative market for TPU films, in terms of both revenue and volume.
The global TPU films market features a largely fragmented vendor landscape owing to the presence of a large number of small and large players. Some of the market’s leading players are The Lubrizol Corporation, Huntsman Corporation, BASF SE, Wanhua Chemical Group Co., Ltd., Shanghai Lejoin Polyurethane Industrial Co., Huafon Group, Ltd., Tosoh Corporation, Polyol Macromolecule Polymer (Fujian) Co., Ltd., and Covestro AG.
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
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermoplastic Polyurethane Films Market- Global Industry Analysis, Size, Share, Growth 2024 | Research Report here
News-ID: 612863 • Views: …
More Releases from Transparecny Market Research
Global Microgrid Controller Market Forecast 2024-2034 - Market Size, Drivers, Tr …
The global microgrid controller market is witnessing significant growth as decentralized energy systems gain traction. Microgrid controllers, the nerve centers of microgrids, manage distributed energy resources (DERs), ensuring efficient energy distribution, storage, and consumption. These systems provide resilience, optimize costs, and integrate renewable energy sources like solar and wind into the grid seamlessly.
The market is projected to grow at a robust compound annual growth rate CAGR 12.8 from 2024 to…
Lithium Tantalate Crystal Market to hit USD 790 million by 2027, Says Transparen …
The Lithium Tantalate Crystal Market has been witnessing a substantial surge from 2019 to 2027, attributed to its diverse applications across various industries. Lithium Tantalate (LiTaO3) crystals find extensive usage in electronics, telecommunications, and optoelectronics owing to their exceptional piezoelectric and electro-optic properties.
Lithium Tantalate Crystal market is expected to reach a valuation of US$ 790 million by the end of the forecast period, which spans from 2019 to 2027. Additionally,…
North America Climbing Gym Market Size & Share to Surpass USD 1.9 billion by 203 …
The global North America Climbing Gym Market (سوق التسلق في أمريكا الشمالية) has been sailing through robust waters, witnessing a valuation of US$ 947.7 million in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2031. By the end of 2031, the industry is expected…
Multi-functional Printer Market is expected to grow at 7.2% of CAGR through 2023 …
The global Multi-functional Printer Market (複合機市場) has been sailing through robust waters, witnessing a valuation of US$ 31.2 billion in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$…
More Releases for TPU
TPU (Thermoplastic Polyurethane) Main Industry Applications
TPU (Thermoplastic Polyurethane [https://www.ytlinghua.com/t3-series-tpu/]) is a versatile material with excellent elasticity, wear resistance, and chemical resistance. Here are its main applications :
1. Footwear Industry - Used in shoe soles, heels, and upper parts for high elasticity and durability. - Commonly seen in sports shoes, outdoor footwear, and casual shoes to enhance shock absorption and grip.
2. Automotive Sector [https://www.ytlinghua.com/polyester-type-tpu-h3-series-product/] - Manufactures seals, gaskets, and weather strips for their flexibility and resistance…
Addressing the Limitations of Traditional TPU and Innovations for EV Charging Ca …
TPU is a versatile material known for its hardness and elasticity, making it popular in various applications. However, traditional TPU faces challenges in meeting the specific performance demands of industries such as automotive, consumer goods, and medical devices. These challenges include inadequate surface quality, high hardness levels limiting flexibility, and a lack of desirable tactile properties, which can impact user experience and product longevity.
Solutions: Modified TPU Technology
The modification of TPU…
TPU, PU, PVC, PTFE Film Lamination Machine for Textile
LAMINATING MACHINE CONCEPT:
1. Applied for gluing and laminating of fabric, nonwoven, textile, waterproof, breathable films and etc.
2. Aided by PLC program control and man-machine touch interface, easy to operate.
3. Advanced edge alignment and scothing devices, this machine increases the degree of automation, saves labor costs, relieves labor intensity, and enhances production efficiency.
4. With PU glue or solvent based glue, the laminated products have good adhesive property and touch well. They…
Professional 3d printing manufacturer for TPU
What is TPU
TPU is a stands for Thermoplastic Polyurethane. It is a subset of TPE and is a soft polyether type polyurethane that comes in a range of hardness grades. At the same time, TPU also as the one of material be commonly used in injection industry. But today we want to show you another craft to process TPU, that is 3D Printing. Have you ever thought about 3D…
TPU Material for Car Air Mattress Market Size to Hit $2.94 Billion by 2028 | TPU …
Market Overview:
According to our experience research team, TPU Material for Car Air Mattress Market was valued at USD 1.82 Billion in 2021, and the global TPU Material for Car Air Mattress industry is projected to reach a value of USD 2.94 Billion by 2028, at a CAGR of 6.16% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors…
Global TPU Films Market, Global TPU Films Industry, Market Revenue, TPU Films Fo …
Thermoplastic polyurethane (TPU) film may be a flexible film with sturdy elongation and features that are comparable to maximum polyolefin films. They are sturdy, tough and elastic in nature. They are generally plasticizers free owing to that they don’t get hard over time. These films in addition have good flex presentation, tear strong point and abrasion resistance. They are extensively utilized within applications like building and construction, aerospace, railway, leisure…
