Global Thermoplastic Polyurethane Films Market by Application (Automotive, Leisure, Railway, Energy, Aerospace, Furniture) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global market for thermoplastic polyurethane film was worth USD 361.8million. It is expected to grow at 6.1% CAGR between 2019 and 2025. Product demand is expected to rise due to its waterproofness, high resilience and cool temperature resistance. The key driver of the market is expected to be increased use of the product for automotive applications. Thermoplastic polyurethane film is a versatile elastomer that can be used for many applications. They are also ideal for industrial applications due to their chemical, puncture and tear resistance.

Due to stability in the automotive industry, the global demand for TPU film has been on the rise over the past few years. The exterior uses of TPU films include paint protection, scratch protection, anti-stone chipsping, rear bumper protection and cowl protection. This product is made from TPU pellets and manufactured with polyether Polyurethanes or polyester polyurethanes.

Methylene Diphenyl Diisocyanate is used to make PU. End-use applications that require low temperature flexibility, hydraulic stability, fungal resistance, or low-temperature flexibility for polyether polyurethanes will be able to use them. Thermoplastic Polyurethanes offer a holistic approach to manufacturing auto parts. They cover all aspects of manufacturing, which is why they are preferred by automobile manufacturers over other materials.

High-performance films have allowed auto makers to reduce the vehicle's overall weight, which has resulted in higher fuel efficiency. The market is expected to grow due to the rapid expansion of the construction sector in emerging markets like Asia Pacific. The economic fundamentals of Asia are strong, despite the turmoil in many other regions. The region will be the fastest growing region in the future, with an estimated GDP growth of 7% through the end decade.

Application Insights

Automotive segment was responsible for 22.7% of the total revenue in 2018, and it is expected to grow at 6.1% CAGR between 2019-2025. Segment growth is being driven by an increase in vehicle production. It can be used in anti-vibration panels, door panels and acoustic panels. This product can replace metal and plastic parts in aircraft, thus ensuring steady growth for the aerospace sector. The segment will also be driven by technological advances and rising consumer disposable income.

TPU films can be used to make waterproof gloves, costumes, socks, shoes, and hats. Their demand is expected to rise in the leisure and sport segment. Product demand is expected to rise due to increased demand for sportswear. The segment is expected to grow due to government support for sports and fitness in the future. These films can be combined with textiles to make industrial fabric for the construction industry. They are extremely extensible and tear-resistant.

Due to increasing populations, the growing construction sector in developing countries like India and China is expected to increase the demand for building & construction applications. Their demand for medical applications is increasing rapidly due to the rapid expansion of the medical sector. Market growth is expected to be fueled by the development of diagnostics and surgical applications that allow for patient data management, laboratory testing, and patient care. This segment is also supported by an increasing government spending on healthcare and a growing population.

Regional Insights

Asia Pacific will be the fastest-growing region market. The region's growth will be driven by government policies that favor different industries and the expansion of the construction, medical, and automotive sectors. The market growth of TPU Films is also expected to be driven by an increase in disposable income.

The market will also benefit from government support to increase FDI flow and rising spending capacity in many developing countries. In addition, infrastructure development will increase demand from the following industries: railway, building & Construction, energy, and aerospace.

In 2018, North America accounted for 32.24% of the total revenue. This region is home to large and small-scale aerospace and component companies. The overall market growth is expected to be supported by the increased production of agriculture in countries like China, U.S.A, India, Brazil and Mexico. The global market will also benefit from emerging applications such as animal identification tags in the future.

Market Share insights for Thermoplastic Polyurethane Films (TPU).

Globally, the market is extremely competitive. Companies are now focusing on developing bio-based films to provide sustainable solutions. Huntsman Corporation is one of the major players in this market. Bayer Material Science and 3M Company are also among the top companies. Permali Gloucester Ltd., Avery Dennison (BASF SE), Nippon Polyurethane and Lubrizol are all other key players.

With the presence of many small- and medium-sized manufacturers, the market is fragmented. The strong presence of local suppliers and manufacturers, especially in China, is one of the main reasons for market fragmentation. To increase market share, companies are focusing on customizing products and strategic partnerships.

The Report Covers Certain Segments

This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014-2025. Grand View Research has divided the global Thermoplastic polyurethane (TPU), films market report based on application and region.

• Application Outlook (Volume and Tons; Revenue USD Millions, 2014-2025)

  • Automotive

  • Railway

  • Leisure

  • Energie

  • Building & Construction

  • Furniture

  • Aerospace

  • Other

• Regional Outlook (Volume and Tons; Revenue USD Millions, 2014-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • UAE

Up Market Research published a new report titled “Thermoplastic Polyurethane Films Market research report which is segmented by Application (Automotive, Leisure, Railway, Energy, Aerospace, Furniture), By Players/Companies PAR Group, MH&W International Corp, Avery Dennison, Permali Gloucester Ltd, Lubrizol, 3M Company, BASF SE, Nippon Polyurethane, Huntsman Corporation, Bayer Material Science”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Thermoplastic Polyurethane Films Market Report Segments:

The market is segmented by Application (Automotive, Leisure, Railway, Energy, Aerospace, Furniture).

Thermoplastic Polyurethane Films Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Thermoplastic Polyurethane Films Market

Overview of the regional outlook of the Thermoplastic Polyurethane Films Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Thermoplastic Polyurethane Films Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Thermoplastic Polyurethane Films Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Automotive

                2. Leisure

                3. Railway

                4. Energy

                5. Aerospace

                6. Furniture

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Thermoplastic Polyurethane Films Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Thermoplastic Polyurethane Films Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.