TPU Films Market Is Anticipated to Grow Rapidly Due to Increasing Use in Automotive Applications Till 2020: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report by Published by Grand View Research global TPU films market is expected to reach USD 724.6 million by 2020. 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.

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.

Full research report on Global 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.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the Global 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

View Press Release on Global TPU FIlms Market: http://www.grandviewresearch.com/press-release/global-thermoplastic-polyurethane-tpu-films-market

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.

For more Information visit us: www.grandviewresearch.com

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Website: http://www.grandviewresearch.com/industry-analysis/tpu-films-industry

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