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Thermoplastic Polyurethane (TPU) Films Market Size (2024 - 2029)

The Thermoplastic Polyurethane Films Market is projected to experience growth over the forecast period, driven primarily by increased utilization in the footwear and apparel sectors. Despite challenges posed by rising raw material costs, the market is anticipated to expand steadily, returning to pre-pandemic levels. The potential for bio-based TPU films presents additional opportunities for market development. The Asia-Pacific region stands out as the largest market, expected to achieve significant growth during this period.

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Market Size of Thermoplastic Polyurethane (TPU) Films Industry

Thermoplastic Polyurethane (TPU) Films Market Summary
Study Period 2019 - 2029
Market Volume (2024) 147.13 kilotons
Market Volume (2029) 205.30 kilotons
CAGR (2024 - 2029) 6.89 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Thermoplastic Polyurethane (TPU) Films Market Major Players

*Disclaimer: Major Players sorted in no particular order

Thermoplastic Polyurethane (TPU) Films Market Analysis

The Thermoplastic Polyurethane Films Market size is estimated at 147.13 kilotons in 2024, and is expected to reach 205.30 kilotons by 2029, growing at a CAGR of 6.89% during the forecast period (2024-2029).

The TPU films market was adversely affected by the COVID-19 pandemic owing to its negative impact on major end-user industries such as footwear, apparel, and sports equipment. However, the market is currently estimated to be at pre-pandemic levels, and it is expected to grow at a steady pace.

  • The primary factor driving the growth of the market is the increasing usage of TPU film in the footwear and apparel industry.
  • On the other hand, the rising prices of raw materials are expected to impact the growth of the market during the coming years.
  • The potential of bio-based TPU film is likely to act as an opportunity for the market studied during the forecast period.
  • Asia-Pacific is the largest market and is expected to register the highest CAGR during the forecast period.

Thermoplastic Polyurethane (TPU) Films Industry Segmentation

Thermoplastic polyurethane (TPU) film is a flexible film with high elongation as well as properties and characteristics that are superior to most polyolefin films. TPU film also exhibits excellent dynamic flex performance, abrasion resistance, and tear strength.

The thermoplastic polyurethane (TPU) films market is segmented by chemical class, end-user industry, and geography. By chemical class, the market is segmented into polyester, polyether, and polycaprolactone. In terms of the end-user industry, the market is segmented into footwear and apparel, medical supplies, sports equipment, building and construction, and other end-user industries (automotive, etc.). The report also covers the market size and forecasts for the market in 27 countries across major regions. The report offers market size and forecasts for thermoplastic polyurethane (TPU) films in terms of volume (kilotons) for all the above segments.

Chemical Class
Polyester
Polyether
Polycaprolactone
End-user Industry
Footwear and Apparel
Medical Supplies
Sports Equipment
Building and Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Thailand
Vietnam
Malaysia
Indonesia
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
NORDIC
Russia
Turkey
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Qatar
Nigeria
Egypt
Rest of Middle East and Africa
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Thermoplastic Polyurethane (TPU) Films Market Size Summary

The thermoplastic polyurethane (TPU) films market is poised for significant growth, driven primarily by its increasing application in the footwear and apparel sectors. This market, which experienced a downturn due to the COVID-19 pandemic's impact on key industries like footwear, apparel, and sports equipment, has rebounded to pre-pandemic levels and is expected to expand steadily. The Asia-Pacific region, particularly China and India, plays a crucial role in this growth, with China being a dominant force in global footwear production and the largest textile market. The region's burgeoning demand for footwear and textiles, coupled with rising urbanization and interest in sporting events, is anticipated to further propel the TPU films market. However, the market faces challenges from rising raw material costs, although the potential for bio-based TPU films presents a promising opportunity for future expansion.

The TPU films market is characterized by its consolidated nature, with key players such as Covestro AG, SWM, and Gerlinger Industries GmbH leading the industry. These companies are actively expanding their production capacities to meet the growing demand. The material's unique properties, such as abrasion resistance, shock absorption, and flexibility, make it ideal for various applications, including non-slip protective coverings for footwear and orthopedic insoles. The construction industry's growth in China and India, along with the increasing domestic production of textiles and apparel, is expected to drive the market further. As the demand from diverse industries rises, the TPU films market is set to experience robust growth during the forecast period.

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Thermoplastic Polyurethane (TPU) Films Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage in the Footwear and Apparel Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Rising Prices of Raw Materials

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Chemical Class

      1. 2.1.1 Polyester

      2. 2.1.2 Polyether

      3. 2.1.3 Polycaprolactone

    2. 2.2 End-user Industry

      1. 2.2.1 Footwear and Apparel

      2. 2.2.2 Medical Supplies

      3. 2.2.3 Sports Equipment

      4. 2.2.4 Building and Construction

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Thailand

        6. 2.3.1.6 Vietnam

        7. 2.3.1.7 Malaysia

        8. 2.3.1.8 Indonesia

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 NORDIC

        7. 2.3.3.7 Russia

        8. 2.3.3.8 Turkey

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 United Arab Emirates

        4. 2.3.5.4 Qatar

        5. 2.3.5.5 Nigeria

        6. 2.3.5.6 Egypt

        7. 2.3.5.7 Rest of Middle East and Africa

Thermoplastic Polyurethane (TPU) Films Market Size FAQs

The Thermoplastic Polyurethane Films Market size is expected to reach 147.13 kilotons in 2024 and grow at a CAGR of 6.89% to reach 205.30 kilotons by 2029.

In 2024, the Thermoplastic Polyurethane Films Market size is expected to reach 147.13 kilotons.

Thermoplastic Polyurethane (TPU) Films Market Report Snapshots

Thermoplastic Polyurethane Films Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)