The global Thermoplastic polyurethane (TPU) films market size was significantly robust in 2020 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth include increasing adoption of thermoplastic polyurethane (TPU) films in automobiles, coupled with growing demand from sports, aerospace, energy, and medical industries. Rapidly growing construction and textile industries is another factor resulting in rising demand for thermoplastic polyurethane films.
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Top Players in the Global Thermoplastic Polyurethane (TPU) Films Market:
Covestro, 3M, BASF SE, Lubrizol, Huntsman Corporation, Hangzhou Dayangchem Co. Ltd., WM International, Avery Dennison, Bayer Material Science, PAR Group, MHW International Corporation, Zhejiang Honghao Technology Co. Ltd., Nippon Polyurethane, SK chemicals, Huntsman Corporation, DuPont, Permali Gloucester Limited, ADDEV Materials, American Polyfilm, Inc., DSM, Reverdia, and DingZing Advanced Materials Inc.
Increasing demand for and adoption of thermoplastic polyurethane films in various industries including automotive, textile coatings, aerospace, sports leisure, construction, insulation, agriculture, etc. is expected to continue to support growth of the market over the forecast period. Rising awareness and shift towards production and use of bio-based, environment-friendly products is another factor resulting in rising demand for thermoplastic polyurethane films in various industries. TPU films are widely used in a rapidly growing automotive industry owing to abrasion and scratch resistance properties of this material. Flexibility, comfort, breathability, and safety are some other properties of TPU films, which are ideal for production of sportswear and leisure products such as footwear, skateboards, helmets, etc.
TPU films are a thermoplastic elastomer having properties including high durability, flexibility, abrasion resistivity, good tear resistance, hydrolytic stability, etc. Rising demand from automobile sector continues to support growth of the global thermoplastic polyurethane films market. TPU films are biocompatible, having low temperature flexibility. TPU films are divided into three types such as polyester, polyether, and polycaprolactone. Polyether TPU films are more expensive than polyester films. Increasing demand for thermoplastic polyurethane films from the healthcare industry is another major factor driving revenue growth of the global thermoplastic polyurethane films market. Polyester TPU films can be used in healthcare applications and products such as for production of surgical accessories including gloves and gowns, medical bags, hospital mattresses and covers, wound dressing, tubing, etc.
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Market segmentation based on Type Outlook:
- Polyester
- Polyether
- Polycaprolactone
Application Outlook:
- Automotive Industry
- Transportation
- Building and Construction
- Healthcare Application
- Aerospace
- Sports Leisure
- Textiles
- Energy
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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