Market Size of Thermoplastic Polyurethane (TPU) Films Industry
| 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 |
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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.
