Market Challenges: Volatility in raw material prices

Volatility in raw material prices has significantly restrained the growth of the global thermoplastic polyurethane (TPU) films market in recent times. As TPU films are synthesized by reacting a liquid diisocyanate with a polyol, it makes them highly dependent on the prices of crude oil and its derivatives that are used for producing these raw materials. Over the past couple of years, prices of crude oil have witnessed wild fluctuations owing to several geopolitical and economic uncertainties across the world.

Market Opportunities: Developing economies offering new growth prospects

Developing economies across Asia, South America, Middle East and Africa are expected to offer new growth prospects for the global thermoplastic polyurethane (TPU) films market in the coming years. With rising disposable incomes and growing consumerism, demand for consumer goods and automobiles is increasing rapidly in developing nations. TPU films are increasingly being used in applications like consumer goods packaging, protective automotive films and coatings.

Thermoplastic Polyurethane (TPU) Films Market Report Snapshots