Acumen Research and Consulting Thermoplastic Polyurethane (TPU) Films Services Ma | Page 3

In Shorts Due to increased demand for vehicles, Automotive is expected to be the biggest TPU film segment for the projected period. Aerospace is also expected to grow steadily as demand from emerging countries, such as China and India, grows steadily. Asia Pacific was the second largest regional market and in 2018, the automotive and construction sectors in the region had rapidly expanded, representing a 29.6 percent share in revenue. The three main companies in the global market are the 3 M Company, Huntsman Corp., Bayer Material Science, Permali Glouchester Ltd. Most companies emphasize their research and development activities for the development of new products. Regional Outlook The largest and fastest growing regional market is expected for Asia Pacific. Government policies favoring different industries in combination with medical, automotive and building expansion in the region are likely to drive growth in the region. Increased levels of available income will also contribute to the expansion of TPU Films. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs The revenue share for North America in 2018 was 32.24 %. The region is characterized by the presence of aerospace and component manufacturers in medium and large scales. More agriculture is also expected to help in global market growth in countries such as China, the United States, India, Brazil, Mexico and Russia. In the next few years, emerging applications, including animal ID tags, will provide the global market with growing opportunities. Would like to place an order or any question, please feel free to contact at [email protected] | [phone]