Global Thermoplastic Polyurethane (TPU) Films Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 6.30 % during a forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
TPU-based films offer superior flexibility, toughness. It also deliver the properties like chemical, puncture, abrasion, and tear resistance that make them ideal solution for various industrial applications. The TPU-based films have superior flex performance, tear strength and abrasion resistance. They are used in an array of applications like building and construction, aerospace, railway, leisure and others.
Global Thermoplastic Polyurethane (TPU) Films Market, Dynamics:
The global thermoplastic polyurethane (TPU) Films market is expected to grow at a XX% rate of CAGR during the forecast period. TPU is applicable for many applications that include automotive instrument panels, drive belts, inflatable rafts, power tools, caster wheels, medical devices, and a variety of extruded film, sheet and profile applications. Customization in packaging by brand owners for their buyers to deliver luxurious and glossy look to their product is also boosting the market growth. In addition, thermoplastic polyurethane (TPU) films are used as an insulator, which helps in improving the efficiency of electronic appliances. On the other hand, fluctuation in raw material price and high cost over the other alternatives are and short self-life of the TPU material are expected to limit the market growth during the forecast period.
Global Thermoplastic Polyurethane (TPU) Films Market, Segment analysis:
The Automotive segment is expected to grow at a 6.20 % rate of CAGR during the forecast period. The TPU films are widely used in the automotive industry because of its lifespan of the stability. The key automotive applications include exterior applications like scratch protection, paint protection, anti-stone chipping, rear bumper protection, and cowl protection. An increase in demand from automobile industries to manufacture airbags, anti-vibration panels, door and acoustic panels is expected to drive the market growth.
Global Thermoplastic Polyurethane (TPU) Films Market, Regional Analysis
Regionally, Asia Pacific is expected to dominate the thermoplastic polyurethane (TPU) films market during the forecast period. Developing regions like India, China, and Japan are considered as the major contributors for the regional thermoplastic polyurethane (TPU) films market growth. Government policies for different manufacturing industries to form their robust footprint in the market coupled with the rapid expansion of the medical, automotive, and construction sectors in the region are expected also expected to boost the market growth. An increase in the FDI flow along with high spending capacities in many developing countries, rise in focus on infrastructure development are expected to expand the end-user industries like railway, building & construction, aerospace, and energy.
The objective of the report is to present a comprehensive analysis of the Global Thermoplastic Polyurethane (TPU) Films Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Thermoplastic Polyurethane (TPU) Films Market dynamics, structure by analysing the market segments and project the Global Thermoplastic Polyurethane (TPU) Films Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Thermoplastic Polyurethane (TPU) Films Market make the report investor’s guide.
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Scope of Thermoplastic Polyurethane (TPU) Films Market
Global Thermoplastic Polyurethane (TPU) Films Market, By Product Type
Global Thermoplastic Polyurethane (TPU) Films Market, By Application
• Building & Construction
Global Thermoplastic Polyurethane (TPU) Films Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Thermoplastic Polyurethane (TPU) Films Market
• Nippon Polyurethane & Lubrizol
• Plastic Film Corporation of America
• MH and W International Corp
• Permali Gloucester Ltd
• Huntsman Corporation
• Huntsman Corp
• 3M Company
• ADDEV Material
• Avery Dennison
• PAR Group
• Covestro AG
• BASF SE
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