The global average growth rate of the TPU film market may exceed 5%

In 2015, the global TPU film market was 47,000 tons. It is predicted that the global average annual growth rate of the TPU film market will exceed 5% by 2023, and market sales are expected to reach 750 million US dollars. The per capita income growth of the middle class and the active introduction of the government's foreign direct investment will become the two driving forces for regional market demand growth, especially in China and India.

In terms of market applications, the automotive industry accounted for 24% of total demand in 2013. By 2023, the aerospace industry will lead the downstream markets with a compound annual growth rate of 6.5%.

In terms of regional business, the market demand in the Asia-Pacific region accounted for 34% of the total in 2013, ranking first. As for 2015, the TPU film market in China and India alone accounted for 60% of the total demand in the Asia Pacific region. In North America and Europe, the market performance was relatively stable, accounting for 27% and 19% of the global total. In addition, the Japanese TPU film market in 2015 was 3,500 tons.

In the future development, in the context of lightweight vehicles, in order to pursue lower carbon emissions and higher fuel efficiency, light materials are rapidly entering the people's field of vision, which also promotes the TPU film market to some extent. development of. After replacing the original metal and rubber automotive components with lightweight materials including TPU film, the body quality can be reduced by up to 40%. In addition, because it provides effective surface protection for wind turbine blades and solar panels, TPU films are gaining a foothold in wind and solar power generation. The technological breakthroughs in the aerospace industry will also inject continuous momentum into the TPU film market.

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