Report ID: UCMIG15E2322
Report ID:
UCMIG15E2322 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global thermoplastic polyurethane (TPU) films market reached a valuation of USD 386.93 million. Going forward, it is projected to experience a steady compound annual growth rate (CAGR) of 5.4% during the period from 2023 to 2030. TPU films find extensive applications across various industries due to their exceptional properties such as high flexibility, transparency, and abrasion resistance. The growing demand for TPU films in sectors like automotive, electronics, and medical is anticipated to be a significant driving factor for market expansion. Additionally, advancements in TPU film manufacturing technologies and increasing consumer preference for eco-friendly materials are expected to further propel market growth in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2322