The global TPU film market will increase to 51.69 billion yuan in 2024

The global market for thermoplastic polyurethane (TPU) films dominates a small number of large and mature TPU film brands and dominates high levels of competition. Due to the capital-intensive production process, the market has been able to allow new entrants to enter the Gulf, and it is expected that the situation will remain unchanged in the next few years.

Major suppliers will build partnerships through mergers and acquisitions and mergers with promising participants in key regions to expand geographic locations and add new technologies and products to their portfolios.

The world's leading suppliers of thermoplastic polyurethane film market are BASFSE, Huntsman, Covestro AG, Polyol Polymer (Fujian) Co., Ltd., Lubrizol Corporation, Huafeng Group, Dongcao Company, Wanhua Chemical Group Co., Ltd. , as well as other limited companies.

In terms of product variety, this report studied polyester TPU, polycaprolactone TPU, polyether TPU. Among them, the polyester TPU field occupied the largest share of the global TPU film market in 2015, accounting for the largest share of global market revenue and value. During the forecast period of the report, the polycaprolactone TPU sector is expected to expand at a rate of about 7% per year at the most promising rate.

From a geographical perspective, the European TPU market is currently a major contributor to global market revenue due to high demand from the mature automotive industry. The Asia Pacific market is the fastest growing, as the growth of car production in the region is extremely promising. The significant increase in production and consumption in emerging economies such as India, Brazil, China, Russia and South Africa is one of the key factors that are expected to increase the overall intake of TPU film in the coming years.