USD 3.43 Billion
Report ID:
SQMIG15E2595 |
Region:
Global |
Published Date: January, 2025
Pages:
189
|Tables:
66
|Figures:
72
Thermoplastic Polyurethane Films Market size was valued at USD 3.43 Billion in 2023 and is poised to grow from USD 3.67 Billion in 2024 to USD 6.35 Billion by 2032, growing at a CAGR of 7.1% in the forecast period (2025-2032).
Thermoplastic polyurethane (TPU) film is a versatile substrate because of the wide range of base chemical classes that helps in increasing its performance. The demand for TPU films has been increasing in the last few years due to the rapid growth in the automotive industry. The major TPU films that are utilized in automotive sector include exterior applications such as paint protection, scratch protection, anti-stone chipping, cowl protection, and rear bumper protection. Due to their outstanding gas permeability, TPU films are becoming the preferred material for leisure sports product manufacturers. The use of TPU films offers excellent protection for leisure sports products in harsh weather conditions.
TPU films find widespread application in multiple industries including automotive, building & construction, wearables, and medical owing to their properties such as elasticity, transparency, and durability. Furthermore, the rising demand for lightweight and flexible packaging from various end-use industries is expected to drive the market growth during the forecast period. The adoption of TPU films is increasing due to regulations supporting the use of sustainable and recyclable materials. However, volatile raw material prices may hamper market growth. Key players are focusing on new product launches, expansion strategies, and collaborations to strengthen their market position and meet the growing demand in the future.
Market snapshot - 2025-2032
Global Market Size
USD 3.43 Billion
Largest Segment
Polyether
Fastest Growth
Polyester
Growth Rate
7.1% CAGR
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The global thermoplastic polyurethane films market is segmented into chemical class, end user, and region. Based on chemical class, the market is segmented into polyester, polyether, and polycaprolactone. Based on end user, the market is segmented into footwear and apparel, industrial, machinery, automotive, electronics, and medical. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Based on chemical class, the polyether segment is dominating with the largest thermoplastic polyurethane films market share. Polyether TPUs are known for their elasticity, abrasion resistance, and tear strength. They can withstand high and low temperatures without losing their elasticity. The polyether segment is dominating due to the widespread use of these films in applications that require flexibility even at sub-zero temperatures, durable yet lightweight materials, and resistance to oils and solvents. Polyether TPU films are effectively used in automotive interiors like airbag doors, instrument panels, etc. where damage resistance and surface elasticity over a wide temperature range is critical. Their elasticity and abrasion resistance make them suitable for protective films in flexible displays and touchscreens that require repeated flexing and bending. Polyether TPUs create a conformable seal and facilitate stress-free movement in medical devices. They are also gaining prominence as insulation films for wires and cables to provide durability under extreme weather conditions. Rising demand from such divergent industries is fueling the growth of the polyether type in the TPU films market.
The polyester segment is expected to witness significant growth during the forecast period. The most popular kind of polyurethane film is made of polyester because they are solid and stable over the long run. Polyester polyurethane is useful in industrial washing, textile tagging, and identifying systems because it acts as an adhesive when heated. It can also be employed as a protective layer in applications involving metal bending and machine shops to stop delicate parts from being scratched. Polyester TPU film products have excellent heat-activated adhesive, high tensile strength, strong puncture resistance, good performance in contact with fuels or solvents, leading to the growth of the segment.
Based on end user, the footwear and apparel segment are dominating the thermoplastic polyurethane films market. The footwear and apparel segment are leading in the thermoplastic polyurethane market because TPUs are extremely resilient and flexible plastics. This premium material offers outstanding abrasion resistance, stress absorption, traction on slippery terrain, and minimal weight. For using wear-resistant and non-slip protective covering for various shoes, such as safety shoes, hiking boots, and alpine boots, foamed TPU film is appropriate. TPU is also a popular substance for orthopedic insoles since it maintains its unique properties even when wet. Globally, the footwear industry is expanding at a moderate rate. Moreover, due to the availability of inexpensive labor and the rising demand in the developing economies, several large footwear businesses are moving their manufacturing operations there, resulting in the growth of the market in these regions.
As per the thermoplastic polyurethane (TPU) films market analysis, the medical segment is expected to be the fastest-growing segment. Medical applications benefit from the distinctive characteristics of thermoplastic polyurethane films. Polyether TPU films offer flexibility and a soft feel, in addition to being biocompatible, breathable, and antibacterial. Polyether TPU has successfully passed skin cytotoxicity testing on agar and is also resistant to skin oils. TPU is frequently used in various medical device applications, including breathable wound dressings, hospital mattresses, operating room drapes, medical bags, organ retrieval bags, tubing, medical disposables, surgical drapes, surgical gloves, and surgical gowns. It is also used in pressure systems, post-operative positioning devices, heating/cooling systems, and other medical device applications. TPU-based wound dressing films are impervious to bacteria and liquids but allow moisture to pass through. TPU is increasingly being used to create medical gloves, gradually replacing PVC in this market due to its superior elasticity, tensile strength, and lack of plasticizers.
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Asia Pacific is dominating with the largest thermoplastic polyurethane films market share. Thermoplastic Polyurethane (TPU) films have gained popularity in various industries due to their superior surface properties, hardness, and flexibility. However, the use of harmful substances such as lead based plasticizers in PVC films has raised concerns, leading to an increasing demand for TPU films. TPU films offer a thickness range from 0.1 to 5 mm, making them suitable for diverse applications. The manufacturing process of TPU films involves the reaction of diisocyanates and polyols, resulting in a polymer with excellent properties. The major end-user industries, including automotive, construction, medical, and aerospace and defense, are experiencing growth in the Asia Pacific (APAC) region. Furthermore, the automotive industry in APAC is witnessing significant demand, particularly from countries like India, Indonesia, Thailand, and Vietnam. China, Japan, and India are key contributors to this demand.
The region of North America is anticipated to witness the fastest growth during the thermoplastic polyurethane films market forecast period. The market in North America is projected to grow at a significant pace in the coming years, owing to the increasing demand for these films in the medical and healthcare industries. The US has a well-established healthcare industry, which is witnessing significant growth due to technological advancements and increasing health awareness among consumers. The unique properties of these films, such as hydrolytic stability, low-temperature flexibility, and microbial resistance, make them an excellent material for medical applications. Furthermore, the region's commitment to renewable energy is expected to drive the demand for these films in the energy sector. The films' durability and resistance to environmental conditions make them suitable for use in solar panels and wind turbines.
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Growing Demand for Lightweight Materials in Automotive
Increasing Usage of TPU in Footwear
Increase of Intense Competition
High Fluctuation in Prices of Raw Materials
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The competitive landscape of the thermoplastic polyurethane films industry is characterized by a dynamic interplay of innovation, product development, and strategic expansion among competitors. Companies are expanding their investment in R&D to introduce innovative TPU film products suitable for a wide range of applications, particularly in the automotive, medical, and consumer goods sectors. As per the latest TPU films market trends, technological advancements and adoption of biocompatible materials encourage manufacturers to introduce new product ranges. Leading players in the market are investing in expansion of manufacturing plants to increase productivity and acquire global markets. Moreover, increase in research and development allows TPU film manufacturers to launch new products for medical use.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, TPU (thermoplastic polyurethane) films have gained significant traction in various industries due to their exceptional mechanical properties and versatility. In the automotive market, TPU films are extensively used in manufacturing gear knobs, instrument panels, and console parts. The films offer superior surface quality and resistance to aging, abrasion, and scratching, making them an ideal choice for automotive applications. Beyond the automotive sector, TPU films find extensive use in agriculture for manufacturing animal identification tags and livestock markers. The strength, durability, and flexibility of the films make them suitable for withstanding harsh climates and extreme weather conditions. TPU films are also used in various industries for producing TPU sheets, TPU-based films, inflatable items, textile coatings, adhesive films, barrier films, and more.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.43 Billion |
Market size value in 2032 | USD 6.35 Billion |
Growth Rate | 7.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Thermoplastic Polyurethane Films Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Thermoplastic Polyurethane Films Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Thermoplastic Polyurethane Films Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Thermoplastic Polyurethane Films Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Global Flat Glass Coatings Market size was valued at USD 3.43 Billion in 2023 and is poised to grow from USD 3.67 Billion in 2024 to USD 6.35 Billion by 2032, growing at a CAGR of 7.1% in the forecast period (2025-2032).
The competitive landscape of the thermoplastic polyurethane films industry is characterized by a dynamic interplay of innovation, product development, and strategic expansion among competitors. Companies are expanding their investment in R&D to introduce innovative TPU film products suitable for a wide range of applications, particularly in the automotive, medical, and consumer goods sectors. As per the latest TPU films market trends, technological advancements and adoption of biocompatible materials encourage manufacturers to introduce new product ranges. Leading players in the market are investing in expansion of manufacturing plants to increase productivity and acquire global markets. Moreover, increase in research and development allows TPU film manufacturers to launch new products for medical use. 'Avery Dennison Corp.', 'BASF SE', 'Covestro AG', 'DingZing Advanced Materials Inc.', 'Dunmore Corp.', 'Huntsman International LLC', 'Koninklijke DSM NV', 'Novotex Italiana SpA', 'PAR Group Ltd.', 'Rengo Co. Ltd.', 'RTP Co.', 'The Lubrizol Corp.', 'American Polyfilm Inc.', 'OG Corp.', 'Okura Industrial Co. Ltd.', 'Permali Gloucester Ltd.', 'Plastic Film Corp. of America'
The key automotive trends such as high fuel efficiency and low weight cars are responsible for the thermoplastic polyurethane market growth. Nowadays, there is an increasing demand for lightweight materials from the automotive industry as they make vehicles more fuel-efficient. Thermoplastic polyurethane films assist to make automobiles more energy-efficient by reducing the weight, in addition to providing durability, corrosion resistance, toughness, design flexibility, resiliency, and high performance at a low cost.
Growing Popularity of Biobased TPU Films: With a growing emphasis on sustainability, there is a rising demand for eco-friendly materials. TPU films are available in biobased variants that are derived from renewable resources. The adoption of biobased TPU films, which are free of plasticizers and offer comparable performance, contributes to market growth and addresses environmental concerns.
Asia Pacific is dominating with the largest thermoplastic polyurethane films market share. Thermoplastic Polyurethane (TPU) films have gained popularity in various industries due to their superior surface properties, hardness, and flexibility. However, the use of harmful substances such as lead based plasticizers in PVC films has raised concerns, leading to an increasing demand for TPU films. TPU films offer a thickness range from 0.1 to 5 mm, making them suitable for diverse applications. The manufacturing process of TPU films involves the reaction of diisocyanates and polyols, resulting in a polymer with excellent properties. The major end-user industries, including automotive, construction, medical, and aerospace and defense, are experiencing growth in the Asia Pacific (APAC) region. Furthermore, the automotive industry in APAC is witnessing significant demand, particularly from countries like India, Indonesia, Thailand, and Vietnam. China, Japan, and India are key contributors to this demand.
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