Thermoplastic Polyurethane Films Market Worth $586.25 Million By 2030

January 2023 | Report Format: Electronic (PDF)

Thermoplastic Polyurethane Films Market Growth & Trends

The global thermoplastic polyurethane films market size is expected to reach USD 586.25 million by 2030, registering a CAGR of 5.4% from 2023 to 2030 according to a new study 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 the 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 has 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 and Lubrizol etc.

Growth of the global automobile industry is considered to be a key macro factor behind growing demand for the TPU films. TPU films are largely used in the automobile industry and accounts for the largest share in 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 in the market competition. For instance, on April 22, 2022, Covestro AG has 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 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 accounted for the major share of the thermoplastic polyurethane (TPU) films market in 2022. It is expected to expand at a CAGR of 6.1% during the forecast period. In Asia Pacific, China and India are among the fastest-growing economy

  • Owing to their excellent gas permeability, TPU films are becoming the material of choice for the leisure sport products manufacturers, which is expected to be a key application for the market participants in near future. Use of TPU films offers excellent protection for the leisure sport products in different weather conditions. TPU films are used for making waterproof gloves and costumes, breathable socks, footwear, hats, etc.

  • On June 21, 2021, Huntsman Corporation have developed a new thermoplastic polyurethane (TPU) grade IROGRAN A 85 P 4394 HR TPU for technical extrusion parts and blown film applications that offers significant improvements over previous generation technologies which helps to durability, production efficiency and reducing manufacturing waste. These new products are developed to solve the problems of customers in diverse markets including; flat hoses used in high pressure industrial and municipal applications in addition to textile lamination

Thermoplastic Polyurethane Films Market Segmentation

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

TPU Films Type Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

  • Polyether

  • Polyester

  • Polycaprolactone

TPU Films Application Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

  • Automotive

  • Railway

  • Leisure

  • Energy

  • Building & Construction

  • Furniture

  • Aerospace

  • Others

TPU Films Regional Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • UK

    • Spain

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Southeast Asia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa

List of Key Companies in Thermoplastic Polyurethane (TPU) 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 Material Science

  • Huntsman Corporation

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