Polyester TPU is the most important product in the global tpu film market in 2015, and its total value has reached 212.8 US dollars as of 2024. On the other hand, poly-lactone TPU is estimated to exhibit strong demand growth and income during the forecast period. Part of the plan is to expand the annual compound revenue growth rate to 7%.
In terms of value, the automotive industry invested a huge market share of global tpu film in 2015, although the aviation industry is likely to launch the tpu film market by 2024. The Asia Pacific region will enter an attractive market in the next few years. In 2015, the demand for tpu film in this field reached 18,200 tons, and the compound annual growth rate in 2024 is expected to be 6.0%.
The car sales growth plan increases the demand for its tpu film from emerging economies in the year 2016 to 2024. Emerging economies such as the BRIC countries (Brazil, Russia, India, China and South Africa) are expected to witness rapid GDP growth in the coming years, and various industry activities in the manufacturing sector are expected to increase in the coming years. This also applies to the main tpu film end customers in the automotive industry.
Tpu film manufacturers are used in the automotive industry to reduce the weight and components of automotive components to improve overall performance and efficiency. These films are used in the engineering and design of automotive components such as interior door panels, seat fills, and thermal insulation.
In contrast, rising raw material prices and the emergence of more and more alternatives are the reasons that hinder some of the most significant growth in the tpu film market.
Transparent market research has found that polyurethane films expand the production of their TPU and raw materials. It is estimated that the competition in the market will intensify in the forecasting stage, and the natural capital-intensive market and the globally perfect tpu film brand are likely to cause huge obstacles to the new consumer groups.