Acumen Research and Consulting Thermoplastic Polyurethane (TPU) Films Services Ma | Seite 2
of the strong presence of large production capacities in large companies like
Huntsman, Nippon, and Lubrizol. Asia Pacific, due to the increasing automotive,
construction and energy industry, is also the market leader in TPU films.
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By acquiring regional companies, large distribution networks in developing
countries were set up by leading manufacturers from North America and Europe.
This will probably also have a good impact on the growth of the region. In
addition, less dependence on exports to Western Europe and North America is
expected to increase investment and trade in Asia Pacific local markets. Cheap
labor and easy access to finance will also contribute to domestic growth.
Furthermore, an increasing population and income levels are expected to further
fuel the development. Rising global aniline prices have affected the profitability
of TPU film producers because the global market has been heavily competitive.
Because of the presence of numerous suppliers, purchasers benefit from low
switching costs; hence producers are unable to afford their customers to lose out,
and thus jeopardize their profitability. TPU bio-based alternatives can replace
the (petroleum-based) synthetic TPU.
In almost all end-usage industries in which synthetic product is used, biological
TPUs are common. The growing demand for thermoplastic Elastomers (TPE’s) is
met in organically based films. In the next few years wearables in the field of
medicine are expected to offer many opportunities. Drivers printed on TPU films
show good results as per the data published by DuPont. More healthcare
expenses and increased awareness are likely to contribute to the wearable
technology market growth, creating new opportunities for the product.
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