Thermoplastic Polyurethane Films Market To Reach $716.82 Million By 2033

Thermoplastic Polyurethane Films Market Growth & Trends

The global thermoplastic polyurethane films market size is expected to reach USD 716.82 million by 2033, registering a CAGR of 6.2% from 2025 to 2033, according to a new report by Grand View Research, Inc. thermoplastic polyurethane (TPU) films are produced from TPU pellets, manufactured using polyether polyurethanes or polyester polyurethanes.

Asia Pacific dominates the market in terms of TPU film production as well as consumption, on account of being a leading market for automobiles, sports goods, and construction. China and India have overshadowed other Asian markets, accounting for more than 60.0% of the total regional volume in 2022. Moreover, growing environmental concerns regarding the use of various plastics have also helped in technological advancements in the region. Asia Pacific is also a hub for major TPU film production with large production capacities of the companies such as Huntsman, Nippon, Lubrizol, etc.

The growth of the global automobile industry is considered to be a key macro factor behind the growing demand for TPU films. TPU films are largely used in the automobile industry and account for the largest share of the global market. Thermoplastic polyurethanes provide a holistic approach to auto parts manufacturing by covering all of the aspects, owing to which they are vastly preferred by the automobile industry over other materials. TPU films are easy to use for a variety of manufacturing processes including flame and heat lamination or vacuum and platen pressing. TPU films exhibit excellent low-temperature flexibility and a soft hand.

Major players in the market are involved in new product launches, mergers & acquisitions, and collaborations to sustain the market competition. For instance, on April 22, 2022, Covestro AG decided to expand its production capacities for the thermoplastic polyurethane (TPU) films in the Bomlitz site in Germany, as well as the associated infrastructure and logistics. The new capacity is intended to meet the growing demand for the multilayer TPU films used in automotive interiors, construction, wound care, and outdoor clothing. The new facilities are scheduled for completion by the end of 2023.

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Thermoplastic Polyurethane Films Market Highlights

• Asia Pacific thermoplastic polyurethane films market held the largest share of 33.39% in terms of revenue of the in 2024. In Asia Pacific, China and India are among the fastest-growing economy

• The polyether segment accounted for the largest revenue share of 47.62% in 2024 and it is anticipated to maintain its dominance during the forecast period. Compared to polyester or polycaprolactone films, polyether TPU films have the lowest specific gravity and are gentler to the touch. These films are frequently employed in a wide range of products, including blood pressure cuffs, infusion bags, and surgical gowns.

• The automotive segment accounted for the major revenue share of 25.51% in 2024. Increasing use of TPU films in automotive components such as instrument panels, levers and sensors is expected to drive the market growth in automotive applications.

Thermoplastic Polyurethane Films Market Segmentation

Grand View Research has segmented the global thermoplastic polyurethane films market based on product type, application, and region:

Thermoplastic Polyurethane Films Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Polyether

• Polyester

• Polycaprolactone

Thermoplastic Polyurethane Films Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Automotive

• Railway

• Leisure

• Energy

• Building & Construction

• Furniture

• Aerospace

• Others

Thermoplastic Polyurethane Films Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List Of Key Players Thermoplastic Polyurethane Films Market

• PAR Group

• BASF SE

• The Lubrizol Corporation

• American Polyfilm Inc.

• 3M

• Avery Dennison

• MH&W International Corporation

• Plastic Film Corporation

• Perfectex Plus LLC.

• Permali Gloucester Limited

• Bayer MaterialScience

• Huntsman Corporation