global Thermoplastic Polyurethane films market to be valued at US$724.S mln

摘要

THE global Thermoplastic Polyurethane (TPU) Films Market size is likely to be valued at US$724.6 mln by 2020; as per a report by Radiant Insights, Inc. Increase in lightweight plastics demand in order to achieve vehicle fuel efficiency and reduce carbon footprints is likely to drive market. Favorable regulations regarding automobile norms benefiting consumers is anticipated to drive high performance thermoplastics such as TPU. Increase in infrastructure spending in countries such as China, India and Indonesia is anticipated to drive the market. Fluctuating raw material prices of propylene and aniline are anticipated to directly influence polyols & MDI, which can affect overall industry growth. Increasing investments by companies such as Arkema, Polyone, DuPont and Merquinsa for developing bio based TPU films are likely to offer opportunities for industry growth.