logo
logo
Sign in

Elastomeric TPU Films Is The Fastest Growing Segment Fueling The Growth Of Thermoplastic Polyurethane (TPU) Films Market

avatar
samruddhicmi12
Elastomeric TPU Films Is The Fastest Growing Segment Fueling The Growth Of Thermoplastic Polyurethane (TPU) Films Market

Thermoplastic polyurethane (TPU) films offer properties like elasticity, abrasion resistance, moisture resistance and optical clarity. They are used to manufacture spandex fibers, hoses & tubes, gaskets, shoe soles and as high performance adhesives. Their broad range of mechanical properties make them suitable for various industrial, automotive and medical applications.



The global Thermoplastic Polyurethane (TPU) Films Market is estimated to be valued at US$ 472.19 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

One of the key trends in the TPU films market is the growing demand from the medical sector. TPU films are increasingly being used in medical devices like wound care products, implants and bandages due to their excellent biocompatibility and physical properties. They offer benefits like flexibility, durability and permeability to water vapor. Another major trend is the shift towards lightweight and fuel efficient vehicles which has propelled the demand for elastomeric TPU films in the automotive industry. Their elasticity and high strength makes them suitable for manufacturing automotive hoses, tubes and gaskets.



Segment Analysis

The global thermoplastic polyurethane (TPU) films market is segmented by product type, end-use industry, and region. By product type, the market is dominated by Polyester TPU Films segment. Polyester TPU films offer excellent durability, high elasticity, abrasion resistance and superior moisture barrier properties. These characteristics make polyester TPU films ideal for use in healthcare, industrial, transportation and packaging applications. By end-use industry, the automotive segment is expected to be the largest as well as the fastest growing segment during the forecast period. TPU films are widely used in automotive interior and exterior components owing to their excellent mechanical and optical properties.


Key Takeaways

The Global Thermoplastic Polyurethane (Tpu) Films Market is expected to reach US$ 772.19 Mn by 2030, expanding at a CAGR of 6.1% over the forecast period. The increasing demand from industrial and healthcare industries is expected to drive the market during this period.


Regional analysis - Asia Pacific region currently accounts for the largest share in the global TPU films market and is expected to witness the highest growth over the forecast period. This is attributed to the presence of major automobile manufacturers coupled with rapid industrialization in countries like China and India.


Key players - Key players operating in the thermoplastic polyurethane (TPU) films market are 3M, American Polyfilm Inc., Avery Dennison Corporation, Covestro AG, Ding Zing Advanced Materials Inc., Gerlinger Industries GmbH, Huntsman International LLC, Okura Industrial Co. Ltd, Permali Gloucester Ltd, Schweitzer-Mauduit International Inc., Wiman Corporation, and The Lubrizol Corporation. These players are focusing on new product development and expansion strategies to gain a competitive advantage in the market.


Explorer more information on this topic, Please visit @ https://www.dailyprbulletin.com/thermoplastic-polyurethane-tpu-films-market-analysis

collect
0
avatar
samruddhicmi12
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more