Thermoplastic Polyurethane (TPU) Films Market to observe USD 137.34 Mn incremental growth; 3M Co. and ADDEV among others identified as key vendors

News provided by

18 Oct, 2022, 06:30 ET

Share this article

NEW YORK, Oct. 18, 2022 /PRNewswire/ -- The global thermoplastic polyurethane (TPU) films market size is expected to grow by USD 137.34 million, accelerating at a CAGR of 3.6% between 2021 and 2026. The report provides a detailed analysis of the competitive landscape and offers information on several vendors including 3M Co., ADDEV Material, American Polyfilm Inc., Avery Dennison Corp., BASF SE, and others. Understand the scope of our full report by Downloading Sample PDF Report.

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research report on the thermoplastic polyurethane (TPU) films market is designed to provide entry support, customer profile, & M&As as well as go-to-market strategy support.

Some of the major vendors of the thermoplastic polyurethane (TPU) films market include:

The market is driven by rising strategic alliances among vendors. The competition in the chemical industry is high at regional levels, with numerous local and global vendors offering undifferentiated products. Hence, to gain a competitive advantage and long-term leadership in the market, manufacturers of TPU films are adopting new growth strategies. They are focusing on partnering with technology providers to enhance their product offerings and expand their customer base. For instance, in May 2020, Covestro AG announced a partnership with Teknor Apex to jointly develop and promote compounding TPU. Similarly, in September 2021, KPX Chemical and Huntsman Corp. announced a partnership to establish a joint venture named KPX Huntsman Polyurethanes Automotive Co. Ltd (KHPUA). Such strategic alliances among vendors is expected to have a positive impact on the growth of the market during the forecast period.

The growth of the market will also be influenced by factors such as the superior properties of TPU and the recyclability of TPUs. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The report also covers the following areas:

The automotive segment will have the largest share of the market. The segment is driven by the extensive use of TPU in various automotive components such as door and acoustic panels, instrument panels, anti-vibration panels, seats, and airbags. The segment growth will also be driven by expanding population and rising purchasing power of individuals.

The market will observe significant growth in APAC over the forecast period. The growth of end-user industries such as automotive, construction, medical, and aerospace and defense is driving the growth of the regional market. In addition, rising income levels, growing population, the prevalence of diseases, and increasing awareness about health issues will foster the growth of the thermoplastic polyurethane films market in APAC during the forecast period. Identify potential segments in the market. Request Sample Report Here

Global Thermoplastic Polyolefins Market 2021-2025: The global thermoplastic polyolefins market is segmented by application (automotive, roofing, and others) and geography (North America, APAC, Europe, South America, and MEA). The market growth in the automotive segment will be significant over the forecast period. By region, North America will have the largest share of the market. View Report Snapshot Here

Global Thermoplastic Vulcanizates Market 2021-2025: The global thermoplastic vulcanizates market is segmented by end-user (automotive, fluid handling and construction, medical, and consumer goods and others) and geography (North America, APAC, Europe, MEA, and South America). The automotive industry is the major end-user for thermoplastic vulcanizates. By region, North America will have the largest share of the market. View Report Snapshot Here

Thermoplastic Polyurethane (TPU) Films Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.6%

Market growth 2022-2026

USD 137.34 million

Market structure

Fragmented

YoY growth (%)

3.2

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, India, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., ADDEV Material, American Polyfilm Inc., Avery Dennison Corp., BASF SE, Covestro AG, DingZing Advanced Materials Inc., DUNMORE Corp., Huntsman corp., Koninklijke DSM NV, Nihon Matai Co. Ltd., Novotex Italiana SpA, OG FILM CORP., Okura Industrial Co. Ltd., PAR Group Ltd., Permali Gloucester Ltd., Plastic Film Corp. of America, RTP Co., Takeda sangyo Co. Ltd., and Tosoh Asia Pte. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio