The global TPU films market is expected to reach USD 724.6
million by 2020, according to a new study by Grand View Research, Inc.
Automotive applications dominated the TPU films market, with demand estimated
at 11,622.1 tons in 2013. Increasing use of TPU films in automotive applications
such as paint protection, scratch protection, anti-chipping and rear bumper
protection coupled with growing after sales market is expected to fuel market
growth.
Asia Pacific emerged as the
largest regional TPU films market, with demand estimated at 16,299 tons in
2013. Growth of automotive industry coupled with increasing application of TPU
films in sports goods and construction is expected to drive the market growth
over the next six years, at an estimated CAGR of 7.8% from 2014 to 2020. Furthermore,
lower TPU film prices in Asia Pacific compared to other regional markets may
also complement market growth.
Browse full research report on TPU Films Market: http://www.grandviewresearch.com/industry-analysis/tpu-films-industry
Further key findings from
the study suggest:
- Global TPU films market demand was 46,769.1 tons in
2013 and is expected to reach 68,033.1 tons by 2020, growing at a CAGR of
5.5% from 2014 to 2020.
- Aerospace is expected to be the fastest growing
application segment, at an estimated CAGR of 6.6% from 2014 to 2020.
- North America and Europe accounted for over 27% and
19% of the total market volume in 2013, respectively. Increasing use of
TPU films in automotive and construction applications is expected to drive
the market growth in these regions.
- China and India dominated the TPU films market in
Asia Pacific and accounted for over 60% of the market volume in 2013.
- Japan TPU films demand was estimated at 3,685.4 tons
in 2013 and is expected to grow at an estimated CAGR of 4.9% from 2014 to
2020.
- The global TPU films market is highly fragmented with
the top four companies including Bayer Material Science, Huntsman, 3M and
Permali Gloucester Limited, accounting for just over 40% of the market in
2013. Other companies in the market include American Polyfilm Inc., PAR
Group, Nippon, Lubrizol and Avery Dennison.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the TPU films market on
the basis of application and region:
Global TPU Films Market Application Outlook (Volume,
Tons; Revenue, USD Million, 2012 - 2020)
- Automotive
- Railway
- Leisure
and sports
- Energy
- Building
& Construction
- Furniture
- Aerospace
- Others
Global TPU Films Regional Outlook (Volume, Tons; Revenue,
USD Million, 2012 - 2020)
- North
America
- Europe
- Asia
Pacific
- Japan
- RoW
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.
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