The Report Contains
Thermoplastic
Polyurethane (TPU) Films Market Analysis By Application (Building &
Construction, Automotive, Railways, Furniture, Leisure & Sports, Aerospace,
Energy), Competitive Analysis & Forecast, 2012 - 2020
Industry Overview
Global
thermoplastic polyurethane (TPU) films market size is expected to reach 68.03
kilo tons by 2020, growing at a CAGR of 5.5% from 2014 to 2020. Growth in light
vehicle demand in order to increase fuel efficiency is anticipated to drive TPU
films market growth over the forecast period.
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Pricing
is a key dynamic in the industry, with consumers being significantly price
sensitive. Owing to higher raw material, utility and labor cost, TPU films
market prices in North America and Europe are relatively higher compared to
Asia Pacific prices, which are generally 25% to 35% cheaper.
The
global passenger vehicles (including small trucks) in terms of sales was
estimated to be 61.9 million units in 2012 which is expected to reach 79.7
million units by the end of 2018, growing at a CAGR of 5.2% from 2013 to 2018.
Commercial vehicles sales was estimated to be 20.7 million units in 2012 which
is expected to reach 24.9 million units by 2018, growing at a CAGR of 3.8% from
2013 to 2018.
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They
belong to a family of high performance materials, thermoplastic elastomers,
which have witnessed increasing application in the automobile industry. This is
mainly due to increasing fuel efficiency regulations that have further mandated
the use of high performance light weight materials.
The
impact of using thermoplastic polyurethane for auto component manufacturing was
clearly visible as it decreased the overall weight of automobiles to a great
extent (almost by 40%). Moreover, the requirements which were earlier fulfilled
by traditional rubber components have now turned to thermoplastic polyurethanes.
Increase
in construction spending particularly in Asia Pacific is anticipated to drive
industry demand. The Asian construction industry is now the single largest
region in the world, accounting for approximately 40 percent of total global
construction spending in 2012.
In
2013, China was the largest region for construction spending amounting to
approximately USD 1.78 trillion with Japan and India spending estimated up to
USD 742 billion and USD 427 billion respectively. Future regional growth
prospects are also exceptional compared to other major regions which may
increase TPU films market demand.
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