GVR Report cover Thermoplastic Polyurethane Films Market Size, Share & Trends Report

Thermoplastic Polyurethane Films Market Size, Share & Trends Analysis Report By Application (Automotive, Railway, Leisure, Energy, Furniture, Aerospace), By Region (North America, APAC), And Segment Forecasts, 2019 - 2025

  • Report ID: 978-1-68038-003-3
  • Number of Pages: 85
  • Format: Electronic (PDF)
  • Historical Range: 2014 - 2017
  • Industry: Research

Industry Insights

The global thermoplastic polyurethane films market size was valued at USD 361.8 million in 2018 and is estimated to expand at a CAGR of 6.1% from 2019 to 2025. Properties, such as waterproofness, high resilience, and cool temperature resistance, are projected to boost product demand. Increasing usage of the product in automotive applications is projected to be the key factor driving the market over the forecasting period. Thermoplastic polyurethane films are versatile elastomers, which can be used in different applications. Moreover, other properties, such as chemical, puncture, abrasion, and tear resistance, make them ideal for various industrial applications.

The global demand for TPU films has seen an upswing over the last few years, owing to a period of stability in the automotive industry. Key automotive applications include exterior applications, such as scratch protection, paint protection, anti-stone chipping, rear bumper protection, and cowl protection. The product is developed from TPU pellets, manufactured using polyether Polyurethanes (PU) or polyester polyurethanes.


Thermoplastic Polyurethane (TPU) Films Market size, by application

Methylene Diphenyl Diisocyanate (MDI) is also used as a raw material for manufacturing PU. Polyether polyurethanes are used where end-use applications require low-temperature flexibility, hydraulic stability, and fungal resistance. 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 manufacturers over other materials.

The development of high-performance films has allowed auto manufacturers to lower the overall weight of vehicles to a great extent, resulting in better fuel-efficiency. Rapidly expanding construction sector in emerging regions like Asia Pacific is also projected to propel the growth of the overall market. Despite economic turmoil in most of the rest of the regions of the world, the economic fundamentals in Asia remain robust. GDP growth is said to be around 7% per annum through the end of the decade and the region is expected to be the fastest-growing region over the forecast years.

Application Insights

The automotive segment accounted for the highest revenue share of 22.7% in 2018 and is projected to expand at a CAGR of 6.1% from 2019 to 2025. An increase in the production of vehicles is contributing to segment growth. The product can be used in airbags, acoustic panels, door panels, and anti-vibration panels. The product has the potential to replace metal and plastic components in aircraft; thus, the aerospace segment is also projected to witness steady growth. Moreover, the expansion of the aviation sector in emerging countries as a result of technological advancements and increasing consumer disposable income levels will drive the segment further.

TPU films are used for making waterproof gloves and costumes, breathable socks, footwear, hats, etc. This is expected to drive their demand in the leisure and sports segment. Increasing demand for sportswear is expected to boost product demand. Government support promoting sports and fitness is also projected to fuel the segment growth over the coming years. TPU films are highly extensible and tear-resistant due to which, these films in combination with textiles is used to manufacture industrial fabric used in the construction industry.

The growing construction segment in developing countries, such as China and India, due to the increasing population is expected to boost the building & construction application segment. Rapidly expanding the medical sector is driving their demand in medical applications. The growth of surgical and diagnostics applications for patient data management, laboratories, and patient care is anticipated to spur the market. Increasing government spending on healthcare supported by a growing population is further contributing to this segment.

Regional Insights

Asia Pacific is expected to be the largest and fastest-growing regional market. Government policies favoring different industries coupled with the expansion of the medical, automotive, and construction sectors in the region are likely to drive the region’s growth. Increasing consumer disposable income levels are also anticipated to contribute to the TPU Films market expansion.

Thermoplastic Polyurethane (TPU) Films Market share, by region

Government support aimed at increasing the FDI flow along with rising spending capacities in many developing countries is also likely to boost the market. Moreover, focus on infrastructure development will lead to increased demand from industries, such as railway, building & construction, aerospace, and energy.

North America acquired the revenue share of 32.24% in 2018. The region is characterized by the presence of medium- and large-scale aerospace and component manufacturers. Increasing agriculture production in countries, such as China, U.S., India, Brazil, Mexico, and Russia, is also projected to assist the overall market growth. Emerging applications including animal identification tags are further expected to provide growth opportunities for the global market over the coming years.

Thermoplastic Polyurethane (TPU) Films Market Share Insights

The global market is highly competitive. Thus, companies are concentrating on the development of bio-based films for sustainable solutions. Some of the key companies in the market include Huntsman Corporation, Bayer Material Science, 3M Company, PAR Group, MH&W International Corp., Permali Gloucester Ltd., Avery Dennison, BASF SE, Nippon Polyurethane, and Lubrizol.

The market is fragmented with the presence of a large number of small- and medium-scale manufacturers. One of the key reasons for market fragmentation is the strong presence of local manufacturers and suppliers, particularly in China. Companies are also concentrating on customization of products, strategic partnerships, and new customer acquisitions to gain more market shares.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, Volume in Tons, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, Brazil, and UAE

Report coverage

Revenue and volume forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global Thermoplastic Polyurethane (TPU) films market report on the basis of application and region:

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Automotive

    • Railway

    • Leisure

    • Energy

    • Building & Construction

    • Furniture

    • Aerospace

    • Others

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • UAE

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