Pune, India -- (SBWIRE) -- 03/20/2018 -- Thermoplastic Polyurethane Films comprises of thin layers which are formed by softening the solid sheets of polyurethane. They have excellent strength, corrosion and abrasion resistance. Owing to these factors, they are used in heavy end industries. The Global Thermoplastic Polyurethane Films Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of plastics in aerospace, automotive, coil, petrochemical, and others. It is estimated that the automotive segment is set to observe the highest CAGR in the market due to growing use of thermoplastics to manufacture high standard and efficient vehicles. The increasing demand of lightweight materials in construction & buildings, aviation sectors have propelled the market to witness a rapid growth during the forecast period. These factors led to China, Japan and India to be the leading players in this region.

The North America market is expected to grow at a higher CAGR due to extensive consumption of humid resistant plastics in construction and buildings and automobile sectors, and others. The U.S., Canada and Mexico have achieved a significant stage in the market due to rising per capita income and high disposable income in the end-use industries. Therefore, the growing demand for thermoplastic polyurethane films in energy and aerospace sectors is estimated to drive the market during the forecast period.

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A notable development is achieved in Europe due to the growing demand for lightweight materials in construction & buildings, railways, aerospace, energy, and other industries. The growing innovation and technological advancement have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K. and Italy are the major contributors to this market.

A stunning development is predicted in the Latin American region such as in Brazil, Uruguay and Argentina due to the growing consumption of polyester and polycaprolactone films in construction and buildings, aviation, aerospace and energy sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for polyurethane films in major industries.

Segmentation

The Global Thermoplastic Polyurethane Films Market is segmented into type and application. On the basis of the type, the market is further classified into polyester, polyether, and polycaprolactone films On the basis of application, the market is subdivided into automotive, construction & buildings, railways, aerospace, energy, furniture, and others.

Competitive Analysis

Some of the well-known players operating in the Global Thermoplastic Polyurethane Films Market are BASF SE (Germany), Permali (U.K), Huntsman International LLC (U.S.), PAR Group (U.K), The Lubrizol Corporation (U.S.), Wanhua Chemical Group Co.,Ltd (China), AMERICAN POLYFILM, INC. (U.S.), 3M (U.S.), AVERY DENNISON CORPORATION (U.S.), and MH&W International Corp (U.S.) among others.

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