A recent report pointed out that the annual average annual growth rate of the global TPU film market will reach 6.8% from 2016 to 2024, and the estimated value will increase from 28 billion 680 million yuan in 2015 to 51 billion 690 million yuan by 2024.
The global market of thermoplastic polyurethane (TPU) film is dominant in a few large and mature TPU film brands, and is dominant in high level competition.
Because of the capital intensive production process, the market has allowed new entrants to enter the Gulf, and the situation in the next few years is expected to remain unchanged.
Major suppliers will build partnerships through mergers and acquisitions with promising participants in the major regions to expand their geographic location and add new technologies and products to their portfolios.
The leading suppliers of the global thermoplastic polyurethane film market include BASFSE, Huntsman Corp, CovestroAG, polyol polymer (Fujian) Co., Ltd., Lubrizol Corp, Huafeng Group, Dong Cao company, Wanhua Chemical Group Co., Ltd., and other limited public companies.
In terms of product variety, polyester TPU, polycaprolactone TPU and polyether TPU were studied in this report. Among them, the polyester TPU field occupied the largest share of the global TPU film market in 2015, accounting for the largest share of global market revenue and value.
In the forecast period, the PCL TPU plate is expected to expand its annual compound growth rate of about 7% at the most promising rate.
From a geographical point of view, due to the high demand of mature automotive industry, the European TPU market is currently the main contributor to global market revenue. The market in the Asia Pacific region is growing most rapidly, because the growth of automobile production in the region is extremely promising.
A significant increase in production and consumption in emerging economies such as India, Brazil, China, Russia and South Africa is one of the key factors that are expected to increase the overall intake of TPU films in the coming years.