TPU Films

Global TPU films are forecast to 6.11% over the next five years. According to the WK-chem Research, “Global TPU Films Professional Survey Report 2024, Forecast to 2029”, the major factor driving the growth of the market is the increasing usage in the footwear and apparel industry. The compound annual growth rate (CAGR) for the 2024-2029 period is projected to be 6.11% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:
“Research and development activities, expansion of end-use industries, and rapid industrialization positively affect the thermoplastic polyurethane (TPU) films market. Furthermore, development of high-performance films extends profitable opportunities to the market players in the forecast period”, said Nicholas Patel, Senior analyst, in WK-chem Research.

Market insight:
Thermoplastic polyurethane films feature a great resistance to abrasion, amazing flexibility, and excellent toughness. The films are used in a multitude of industries such as construction, aerospace, automotive, and energy. TPUs can be made into fine strings, and can be joined with nylon to make more lightweight, stretchable pieces of clothing. In view of these methods, producers can make a wide scope of foot wear. Different evaluations of thermoplastic polyurethane can give a scope of hardness to convey the required measure of flexibility and friction. Attributable to enhanced biocompatibility, hydrolytic solidness, biostability, versatility, elasticity, high rigidity and abrasion resistance, thermoplastic polyurethane is utilized in various other medical and therapeutic applications. On account of the multitude of applications that TPF offer, the global thermoplastic polyurethane films market is expected to grow substantially over the coming years.
On the other hand, high costs compared to the alternatives and short shelf life of the TPU are projected to challenge the thermoplastic polyurethane (TPU) films market in the forecast period.

Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading TPU films companies that 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.

Segmentation of TPU Films Market:
According to the type, the market for TPU films is divided into: Polyester TPU, Polyether TPU, and Polycaprolactone TPU. Polyester TPU has the largest market share. Polyether TPU is a type of polyurethane plastic with several useful qualities, including oil, grease, and abrasion resistance. Polyether thermoplastic polyurethane materials function well in applications that come into direct touch with human skin because of their oil and grease resistance. Polyether films are frequently employed as an adhesive or barrier layer in multi-layer laminations. Since TPU films are adaptable, polyether sheet products can be used in various applications.
According to the application, the market for TPU films is divided into: Automotive, Railway, Leisure, Energy, Furniture, Aerospace. Automotive has the largest market share. In the automotive industry, TPUs are used in various automotive components such as door and acoustic panels, instrument panels, anti-vibration panels, seats, and airbags. This is due to their properties such as elasticity, strength, chemical and grease resistance, and high performance at high temperatures.

TPU Films Market: Regional Analysis
In terms of geography, the global TPU films market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The market in Europe currently dominates the global thermoplastic polyurethane market in terms of revenue, benefitted by the presence leading automobile vendors across the globe. The steady recovery of the automotive industry posts the recent economic slowdown in the region is expected to offer lucrative growth opportunities to market vendors.