Synthetic And Bio Thermoplastic Polyurethane (TPU) Films Market Research Report

Synthetic And Bio Thermoplastic Polyurethane Films Market Trends and Future Outlook Report

Thermoplastic polyurethane belongs to the class of polyurethane plastics. The increasing usage of synthetic and bio thermoplastic films in the automotive industry is expected to drive the market over the forecast period. The after sales and replacement market has been a high consumer of synthetic and bio thermoplastic polyurethane films. The growth of end-application industries such as railway, aerospace, and construction is expected to augment global demand.

 

The use of synthetic and bio thermoplastic polyurethane films for medical purposes can aid in market growth. Strict environment regulations concerning the use of hazardous raw chemicals can hamper the growth of synthetic thermoplastic polyurethane films. Industry participants in this market are compulsorily expected toobtain registration from REACH, EPA, and OSHA. New product development is aimed at the development of additives thatcan enhance product specifications. The use of bio-based thermoplastic polyurethane films as an alternative is driving the demand for this product segment. The volatile prices of raw materials such as aniline and propylene thatare used in the manufacturingof synthetic thermoplastic polyurethane films can favor the growth of bio-based alternatives.

 

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Synthetic and bio thermoplastic polyurethane films find their application in railways, medical, leisure & sports, energy, automotive, building & construction, aerospace, and furniture. Increasing demand for lightweight materials in the automotive applications to reduce carbon emission and increase fuel efficiency is likely to drive synthetic and bio thermoplastic polyurethane films market. The growth in infrastructure and construction industry is expected to have a positive impact on market growth. Synthetic and bio thermoplastic polyurethane films can also be used as protective films on the wind and solar panels. Increased innovation in the aviation sector has been favoring the usage of synthetic and bio thermoplastic polyurethane films in aircraft design.

 

Asia Pacific is the key market for synthetic and bio thermoplastic polyurethane films. Growing infrastructure and automotive industries in the emerging countries of China and India favor the market growth in this region. Asia Pacific is followed by North America in dominance concerning regional markets. The demand in North America can be represented by the growth in end application segments of construction, automotive, and energy applications. The growing usage of synthetic and bio thermoplastic polyurethane films in leisure and sports industries is expected to augment global demand for this product. The recession in Europe is a major hindrance to market growth in this region.

 

The key manufacturers of synthetic and bio thermoplastic polyurethane films are Huntsman Corporation, 3M Company, PAR Group, BASF, Nippon Polyurethane, MH&W Corp., Avery Dennison, Permali Gloucester, Bayer Material Science, and American Polyfilm, Inc. The industry is highly disintegrated due to the presence of domestic suppliers and manufacturers in the regional markets, especially China.