Global thermoplastic polyurethane films market is driven by growing demand for lightweight materials in automotive industry across the globe

The global thermoplastic polyurethane films market revenue is expected to expand at a lucrative CAGR over the forecast period. Properties of thermoplastic polyurethane such as high elasticity, resistance to grease, oil, and abrasion are expected to be a major factor driving market growth over the forecast period.

The global thermoplastic polyurethane films market report has been segmented on the basis of product, application, and region.

On the basis of product, the global thermoplastic polyurethane films market has been segmented into polyester thermoplastic polyurethane, polyether thermoplastic polyurethane, and polycaprolactone thermoplastic polyurethane. The polycaprolactone segment is expected to witness steady growth over the forecast period. Biodegradable property of polycaprolactone is expected to be a major factor driving the segment growth.

On the basis of application, the global thermoplastic polyurethane films market has been segmented into automotive, building & construction, aerospace, footwear, furniture, energy, and others (flexible packaging, and medical & healthcare). The aerospace segment is expected to witness steady growth rate over the forecast period. These films are widely used in seat cushions, armrest surface, aircraft wire & cable jacketing, and TV housings. The rapidly growing aviation industry across world is expected to drive segment growth over the forecast period.

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On the basis of region, the global thermoplastic polyurethane films market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is expected to grow at a rapid pace over the forecast period. Growing demand for thermoplastic polyurethane in furniture, automotive, energy, and medical industries is expected to support market growth in the region. In addition, increasing adoption of solar panels in the US is expected to drive the growth of North America thermoplastic polyurethane market.

Key players operating in the global thermoplastic polyurethane films market include BASF SE, Covestro AG, Permali Gloucester Limited, Huntsman Corporation, The Lubrizol Corporation, PAR Group, MH&W International Corp., American Polyfilm Inc., Tosoh Corporation, and Avery Dennison Corporation.

 

About the Author

Michelle Boyd
Michelle does an outstanding job, related to the Health and Medicine background. Having experience of more than 8years, have been working before with other companies related to the same field, been an expert in resolving whatever queries are being approached by the team. She likes to enjoy each and every moment of life.

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