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TPU Films Market To Witness High Growth Based On Increased Usage In Construction And Sports Goods Till 2020: Grand View Research, Inc.

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TPU Films Market To Witness High Growth Based On Increased Usage In Construction And Sports Goods Till 2020: Grand View Research, Inc.

December 11
14:08 2017

Grand View Research, Inc. – Market Research And Consulting.
According to new report published by Grand View Research, the global thermoplastic polyurethane (TPU) films market is expected to reach USD 724.6 million by 2020. Increased focus on R&D activities for sustainable thermoplastic polyurethanes is anticipated to provide the market players.

According to a study conducted by Grand View Research, Inc.; the worldwide Thermoplastic Polyurethane (TPU) films market is predicted to attain a valuation of USD 724.6 million by 2020. Rapid growth of end-use markets such as railway, aerospace, and construction, particularly in the Asia Pacific (APAC) region is expected to spur the global market in near future. Extensive usage of TPU films in the automotive industry for applications like rear bumper and scratch protection can further support the expansion. Expanding after sales market is also likely to propel market growth. In addition, increased use of TPU films in construction and sports goods is also projected to augment market over the forecast period (from 2014 to 2020).

Strict regulations about the usage of hazardous raw materials are expected to hinder the market growth. However, the shifting focus of the manufacturing companies toward introducing new additives to enhance the product specifications is likely to fuel market expansion. Moreover, use of bio-based materials as alternative raw materials for thermoplastic polyurethane film production has increased since the last few years. This is also estimated to boost the market in forthcoming years. Many companies such as DuPont, Arkema, and PolyOne have already invested into the bio-based TPU films market. Increased focus on R&D activities for sustainable thermoplastic polyurethanes is anticipated to provide the market players with attractive business opportunities over the forecast period.

Full Research Report On TPU Films Market Analysis:
https://www.grandviewresearch.com/industry-analysis/tpu-films-industry

Global TPU films market volume growth by application, 2012-2014 (Tons)

Global TPU films market volume growth by application, 2012-2014 (Tons)

In 2013, the worldwide demand for TPU was estimated at 46,769.1 tons. It is predicted to reach at 68,033.1 tons by 2020 at over 5.5% CAGR during the forecast years. The global thermoplastic polyurethane (TPU) films market is categorized as per application and region. On the basis of application, the market is categorized into aerospace, railway, energy, automotive, leisure and sports, building and construction, furniture, and others.

Based on geographies, the market is divided into Europe, North America, APAC, Japan, and RoW. Asia Pacific dominated the global market in the past with around 34% of the total TPU films market share. The region is expected to continue witnessing steady growth on account of rapidly evolving infrastructure and automobiles industries in India and China. Increased production along with development of the current facilities by Chinese manufacturers is also projected to fuel the regional market over the next few years. The market in Japan, which was predicted at 3,685.4 tons in 2013, is projected to register a healthy CAGR of 4.9% from 2014 to 2020. In addition, lower prices of TPU films in this region as compared to other regions are also expected to help boost the regional market expansion.

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins

 In 2013, Europe and North America occupied 19% and 27% of the global market volume respectively. High usage of thermoplastic polyurethane films in energy, automobiles, and construction industries is anticipated to be one of the key growth drivers for the market in North America region. Whereas, the Europe region is said to have a sluggish development due to recent economic recessions, which slowed down major end-use sectors such as construction and aerospace. However, increased scope of application of TPU films in leisure and sports is projected to spur the market in Europe over the forecast period.

The top four players, namely, Huntsman Corp.; Bayer Material Science; Permali Gloucester Ltd.; and The 3M Company accounted for around 40% of the overall market share in 2013. Some of the other prominent companies in the global thermoplastic polyurethane (TPU) films market are Avery Dennison Corp.; The Lubrizol Corp.; and American Polyfilm Inc. Novel product development is one of the primary strategies followed by most of the companies to attain maximum share in the global market. For instance, Lubrizol Engineered Polymers by Lubrizol Corp. recently announced the launch of its new TPU product line, Estane, for signs, labels, and graphics market. The products in the new thermoplastic polyurethane portfolio are particularly designed to deal with the growing graphics industry and as a high performance substitute to the conventional vinyl-based products.

Access Full Press Release Of This Report By Grand View Research: https://www.grandviewresearch.com/press-release/global-thermoplastic-polyurethane-tpu-films-market

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/tpu-films-industry

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