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TPU film market is expected to reach a market value of $ 770,000 by 2023

TPU film market is expected to reach a market value of $ 770,000 by 2023

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  • Time of issue:2020-03-04
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(Summary description)Recently, the global synthetic TPU film market size exceeded 47,000 tons in 2015, and the compound growth rate may exceed 5% by 2023. TPU film market revenue may then exceed $ 750 million.

TPU film market is expected to reach a market value of $ 770,000 by 2023

(Summary description)Recently, the global synthetic TPU film market size exceeded 47,000 tons in 2015, and the compound growth rate may exceed 5% by 2023. TPU film market revenue may then exceed $ 750 million.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2020-03-04
  • Views:0
Information

Recently, the global synthetic TPU film market size exceeded 47,000 tons in 2015, and the compound growth rate may exceed 5% by 2023. TPU film market revenue may then exceed $ 750 million.

TPU film market is expected to reach a market value of $ 770,000 by 2023

Automotive applications dominate, accounting for 24% of total demand in 2013. The application in the aviation field may be a new growth point, and it is expected to reach a compound annual growth rate of more than 6.5% by 2023.

The Asia-Pacific region is the main region, accounting for 34% of total demand in 2013. The TPU film market in China and India is the mainstream consumer, and the two countries together accounted for more than 60% of Asia-Pacific demand in 2015. The European and North American markets have developed steadily, accounting for 19% and 27% in 2015, respectively. Japan's TPU film market is expected to be 3,500 tons in 2015.

In order to improve energy efficiency and reduce carbon emissions, the automotive industry is increasingly using lightweight materials, which is expected to promote the growth of the TPU film market. It can be used in the production of auto parts to help reduce body weight (about 40%). At the same time, they can also replace rubber components in cars.

Used in automotive applications such as doors and sound-absorbing panels, instruments and anti-vibration panels, seats and airbags. The replacement or aftermarket is expected to become a new focus for the automotive industry's demand for TPU films.

Consumers are now extremely sensitive to prices, and prices play an important role in the market. The price trend of TPU film market in Europe, North America and the Asia Pacific region is 25% to 35% higher.

Rising construction spending in emerging economies in the Asia-Pacific region may drive demand. Construction expenditure in the Asia-Pacific region accounted for 40% of global revenue and expenditure in 2012.

The increasing use of solar and wind power applications is expected to drive the thermoplastic polyurethane film market. The film provides surface protection for windmill blades and solar panels. Growth in the aviation industry coupled with technological advances may also drive demand. They relate to aerospace applications such as seat cushions, armrest surfaces, wire and cable jackets, masks and trim panels.

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