Thermoplastic Polyurethane (TPU) Films Market Size
| 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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 affected adversely by the COVID-19 pandemic owing to the negative impact on major end-user industries such as footwear and apparel and sports equipment. However, the market has been currently estimated to be at pre-pandemic levels, and it is expected to grow at a steady pace.
- The major factor driving the growth of the market is the increasing usage 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 in the forecast period.
- The Asia-Pacific region is the largest market, and it is expected to grow with the highest CAGR during the forecast period.
Thermoplastic Polyurethane (TPU) Films Market Trends
This section covers the major market trends shaping the Thermoplastic Polyurethane (TPU) Films Market according to our research experts:
Footwear and Apparel to Dominate the Market
- TPUs (thermoplastic polyurethanes) are extremely durable and flexible plastics. The abrasion resistance, shock absorption, grip on slick surfaces, and low weight of this high-quality material are unrivaled.
- Foamed TPU film is ideal for use as a non-slip, wear-resistant protective covering for the outside of shoes, including safety shoes, alpine boots, and hiking boots. TPU keeps its unique qualities even when wet, making it a popular material for orthopedic insoles.
- According to World Footwear, 22.2 billion pairs of footwear were produced around the world in 2021, compared to 20.5 billion pairs of global production in 2020. China was the world's leading producer of footwear in 2021, followed by India, Vietnam, Indonesia, and Brazil.
- The footwear industry is growing at a moderate level across the world. Many major footwear companies are shifting their manufacturing facilities to Asia due to the availability of cheap labor and the increasing demand in developing countries of the Asia-Pacific.
- The footwear business is highly concentrated in Asia, where nearly nine out of ten pairs of shoes are produced.
- Increased brand awareness and growing interest in innovative designs are the major factors driving the footwear industry.
- Europe also sees a gradual uplift in footwear production and consumption, which is expected to drive the TPU film market's growth.
- The rising urbanization levels in emerging Asian countries and the increasing popularity of sporting and music events are expected to augment the footwear production and the application of TPU films during the forecast period.
- Textiles and other flexible materials are bonded using thermoplastic polyurethane (TPU) films. TPU films are suitable for a wide range of bonding applications. TPU hot-melt films, also known as hot melt adhesives, create an adhesive layer between various materials, such as textiles, nonwoven fabrics, and foam.
- TPU-based fabric coatings are widely utilized in the textile industry, with applications ranging from seamless sportswear to protective layers for bullet-proof polyester jackets. Labels, emblems backing, and adhesive are only a few possibilities for TPU films in textiles and flexible materials. TPU films have also been effectively used in various applications in the textile industry for wallcoverings or decorative furniture, industrial aprons, protective overwear, hospital gowns, gloves, healthcare, commercial, residential mattress covers, fabric reinforcement, decorative wall covering and furniture fabric lamination, parachute materials, pressure-sensitive tapes for fabric bonding instead of sewing, etc.
- According to the Industrievereinigung Chemiefaser, global production volume of textile fibers accounted for 113.6 million tons in 2021, compared to 108.3 million tons in 2020.
- Such increasing efforts toward the domestic production of textiles and apparel in countries like China, India, the United States, and Vietnam are anticipated to augment the TPU films market's growth during the forecast period.
Asia-Pacific to Dominate the Market Studied
- The Asia-Pacific region holds a prominent share of the TPU film market globally and is expected to dominate the market during the forecast period.
- China dominates the global footwear industry, accounting for over 60% of total footwear production worldwide. According to the National Bureau of Statistics, the revenues of enterprises engaged in the manufacturing of leather, fur, or feathers amounted to CNY 1,105.72 billion (~USD 171.35 billion) in 2021, which observed a growth of 8.2% Yo-Y.
- The Chinese footwear market is valued at USD 79.32 billion in 2022, and it is expected to reach USD 106.85 billion by 2027 while registering a CAGR of 6.15% in the forecast period.
- The textile market in China is the world's largest textile market accounting for more than half of the global textile and clothing production and more than 30% of worldwide apparel exports in 2021.
- India's textile sector is one of the oldest industries in the Indian economy. The industry is extremely varied and consists of hand-spun and hand-woven textile sectors as well as a capital-intensive sophisticated mills sector.
- India's textile and apparel exports (including handicrafts) stood at USD 44.4 billion in FY 2022 (April 2021 - March 2022) registering a 41% Y-o-Y increase. Morover, according to the India Brand Equity Foundation (IBEF), the textile industry in the country is expected to reach USD 209 billion by 2029.
- Thus, the rising demand from various industries is expected to drive the market studied in the region during the forecast period.
Thermoplastic Polyurethane (TPU) Films Industry Overview
The global market for thermoplastic polyurethane (TPU) films market is consolidated in nature. Some of the players in the market include Covestro AG, SWM, Gerlinger Industries GmbH, DingZing Advanced Materials Inc., and Okura Industrial Co. Ltd.
Thermoplastic Polyurethane (TPU) Films Market Leaders
Covestro AG
SWM
Okura Industrial Co.,Ltd.
DingZing Advanced Materials Inc.
Gerlinger Industries GmbH
*Disclaimer: Major Players sorted in no particular order
Thermoplastic Polyurethane (TPU) Films Market News
- April 2022: Covestro started the construction of new production facilities to expand its production capacities for thermoplastic polyurethane (TPU) films through its Platilon range. The new facilities are scheduled for completion by the end of 2023.
- September 2021: KPX Chemical, a leading polyols producer for polyurethanes in Korea, and Huntsman Corporation, a world-leading MDI-based polyurethanes and specialty chemical manufacturer, established a joint venture named KPX Huntsman Polyurethanes Automotive Co. Ltd (KHPUA). The joint venture will create and provide innovative polyurethane system solutions to Korean automakers.
Thermoplastic Polyurethane (TPU) Films Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Usage in the Footwear and Apparel Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Rising Prices of Raw Materials
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Chemical Class
5.1.1 Polyester
5.1.2 Polyether
5.1.3 Polycaprolactone
5.2 End-user Industry
5.2.1 Footwear and Apparel
5.2.2 Medical Supplies
5.2.3 Sports Equipment
5.2.4 Building and Construction
5.2.5 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 American Polyfilm Inc.
6.4.3 Avery Dennison Corporation
6.4.4 Covestro AG
6.4.5 Ding Zing Advanced Materials Inc.
6.4.6 Gerlinger Industries GmbH
6.4.7 Huntsman International LLC
6.4.8 Okura Industries Co. Ltd
6.4.9 Permali Gloucester Ltd
6.4.10 Schweitzer-Mauduit International Inc.
6.4.11 Wiman Corporation
6.4.12 The Lubrizol Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Potential for Bio-based TPU
Thermoplastic Polyurethane (TPU) Films Industry Segmentation
Thermoplastic polyurethane ( TPU) 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. The report also covers the market size and forecasts for the market in 15 countries across major regions, such as Asia- Pacific, North America, Europe, South America, and the Middle East and Africa. 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 | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Thermoplastic Polyurethane (TPU) Films Market Research FAQs
How big is the Thermoplastic Polyurethane (TPU) Films Market?
The Thermoplastic Polyurethane (TPU) 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.
What is the current Thermoplastic Polyurethane (TPU) Films Market size?
In 2024, the Thermoplastic Polyurethane (TPU) Films Market size is expected to reach 147.13 kilotons.
Who are the key players in Thermoplastic Polyurethane (TPU) Films Market?
Covestro AG, SWM, Okura Industrial Co.,Ltd., DingZing Advanced Materials Inc. and Gerlinger Industries GmbH are the major companies operating in the Thermoplastic Polyurethane (TPU) Films Market.
Which is the fastest growing region in Thermoplastic Polyurethane (TPU) Films Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Thermoplastic Polyurethane (TPU) Films Market?
In 2024, the Asia Pacific accounts for the largest market share in Thermoplastic Polyurethane (TPU) Films Market.
What years does this Thermoplastic Polyurethane (TPU) Films Market cover, and what was the market size in 2023?
In 2023, the Thermoplastic Polyurethane (TPU) Films Market size was estimated at 137.65 kilotons. The report covers the Thermoplastic Polyurethane (TPU) Films Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thermoplastic Polyurethane (TPU) Films Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Thermoplastic Polyurethane (TPU) Films Industry Report
Statistics for the 2024 Thermoplastic Polyurethane (TPU) Films market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Thermoplastic Polyurethane (TPU) Films analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
