Thermoplastic Polyurethane Films Market - Forecast(2024 - 2030)

Report Code: CMR 1183 Report Format: PDF + Excel


Thermoplastic Polyurethane Films Market is forecast to reach $563.54 million by 2025, after growing at a CAGR of 6.05% during 2020-2025. Polyurethane elastomers are the polymers with extraordinary resistance and are rising as a possible standby for metals, furthering market demand within the method. The majority of the worldwide demand for polyurethane comes from APAC, North America and Europe. Americas and Europe are the mature markets for element elastomers, yet, witnessing a positive growth for worth and volume within the returning years.

Report Coverage

The “Thermoplastic Polyurethane Films Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Thermoplastic Polyurethane Films Market.


Key Takeaways

  • The improved dependableness, safety and surroundings friendliness of polyurethane elastomers can spur their usage in chemical and oil and gas industries. The rising emissions safety standards in these industries are going to be liable for the growing usage of polyurethane elastomers.
  • With the increasing competition of other thermoplastic elastomers, TPU manufacturers continue to focus their product development efforts on special properties such as increased softness and heat resistance.
  • Thermoplastic polyurethanes account for a small portion of the global production of polyurethane, but over the past few years they have experienced one of the fastest growth rates in the industry due to their high versatility. In fact, the thermoplastic polyurethanes market is relatively mature in the Western hemisphere. Strong growth prospects still remain in the East, where the Asian region leads world thermoplastic polyurethane production. Footwear and engineering are the two most dominant applications for TPUs. Covestro is a major producer of thermoplastic polyurethane
  • With the increasing competition of other thermoplastic elastomers, TPU manufacturers continue to focus their product development efforts on special properties such as increased softness and heat resistance.
  • Methylene Diphenyl Diisocyanate (MDI) is used as a raw material for the manufacturing of PU.
  • Methyl methacrylate is a monomer used to produce a large scale of poly.

Chemical Class - Segment Analysis

Polyester TPU segment held the largest share in the Thermoplastic Polyurethane Films Market in 2019. Polyester thermoplastic polyurethane is used in various end-use industries such as automotive and building & construction. Increasing the use of polyester in various industries is expected to drive segment growth over the forecast period.

Application - Segment Analysis

Insulation segment held the largest share in the Thermoplastic Polyurethane Films Market in 2019. Due to the increasing adoption of thermoplastic polyurethane materials in insulation, growing building and construction industries are expected to rise.

End-Use Industry - Segment Analysis

The aerospace sector has been the primary market for Thermoplastic Polyurethane Films by growing at a CAGR of 6.5%. TPU is used for use in seating parts and window glass lamination in the aerospace industry. The components used in the manufacturing of aircraft require advanced engineering materials. Thus TPU plays an important role in the manufacture of components for lightweight aircraft TPU helps reduce weight and also improves aircraft performance. Growth in aircraft production is expected to improve the growth of the global market for polyurethane thermoplastic films.

Geography - Segment Analysis

APAC dominated the Thermoplastic Polyurethane Films Market share with more than 38%, followed by North America and Europe. The global market for Thermoplastic Polyurethane gives rise to environmental concerns regarding buildings and energy savings in countries such as China and India. The expansion of the construction industry in the developing world, such as APAC, leads to the development of the demand for roof insulation. The construction industry in the Asia Pacific is worth $4.95 trillion (excluding India) and, according to ENG Cranes, is expected to reach $5.45 trillion by 2021. APAC's healthy economic growth had increased the region's construction activities. Further, enhances the overall growth of the market. In addition, the Indian footwear industry holds an important place in the economy of the country as it provides jobs and foreign earnings due to exports. Of nearly 15,000 medium and small businesses operating in organized and unorganized segments, this industry is highly fragmented, thus driving the TPU market.

 Drivers – Thermoplastic Polyurethane Films Market

  • Increasing demand for lightweight materials from the automotive industry

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. The US is witnessing massive demand for lightweight automobiles, driven by the growing consumer preference for high-quality fuel-efficient automobiles, thus increasing the consumption of Thermoplastic polyurethane resins for manufacturing automobiles. The rising demand for sports and luxury car will positively influence on Thermoplastic polyurethane films market growth during the forecast period.

Challenges – Thermoplastic Polyurethane Films Market

  • High prices of Thermoplastic Polyurethane Films materials

Thermoplastic polyurethane is usually more expensive than traditional materials. The higher cost of TPU can restrain their growth, particularly for less demanding applications. A high degree of customization create significant challenges in the Thermoplastic polyurethane market. This is because end users need to serve different industries such as building and construction, consumer and leisure, electrical and electronics, medical and hygiene, and other industrial and engineering applications. Furthermore, materials play a significant role in fulfilling the key design requirements of component manufacturers and providing them with ease of processability and design freedom.  Therefore, added value becomes critical in meeting customer needs in several industries.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Thermoplastic Polyurethane Films Market. In 2018, the market of Thermoplastic Polyurethane Films have been consolidated by the top five players accounting for xx% of the share. Major players in the Thermoplastic Polyurethane Films Market are Permali Gloucester Limited, PAR Group, BASF, Lubrizol, Nippon Polyurethane, Yantai Wanhua, American Polyfilm, among others. 

1. Thermoplastic Polyurethane Films  Market Overview
2. Executive Summary
3. Thermoplastic Polyurethane Films  Market Landscape
3.1. Market Share Analysis
3.1.1. Revenue Share Analysis (2016 & 2017)
3.1.2. Competition Matrix- Top 5 Players
3.2. Comparative Analysis 
3.2.1. Product Benchmarking
3.2.2. End User profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis
4. Thermoplastic Polyurethane Films  Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. SWOT Analysis
4.5. Attractiveness of the Industry
4.5.1. Power of Suppliers
4.5.2. Power of Customers
4.5.3. Threat of New entrants
4.5.4. Threat of Substitution
4.5.5. Degree of Competition
5. Thermoplastic Polyurethane Films  Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis 
5.2.1. Average Price Analysi- By Film Type
5.2.2. Average Price Analysi- By Raw Materials
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Attractiveness Analysis
5.5.1. By Film Type
5.5.2. By Application
5.5.3. By Geography
5.6. Suppliers and Distributors
6. Thermoplastic Polyurethane Films  Market – By Chemical Class
6.1. Introduction
6.2. Polyester TPU 
6.3. Polyether TPU
6.4. Polycaprolactone TPU
7. Thermoplastic Polyurethane Films  Market - By Type of Film
7.1. Introduction
7.2. Aliphatic TPU Film
7.3. Antimicrobial TPU Film
7.4. Breathable TPU Film
7.5. Specialty Film
7.6. Tinted and Colored Films
7.7. Others
8. Thermoplastic Polyurethane Films  Market - By Application
8.1. Introduction
8.2. Glazing
8.3. Insulation
8.4. Lamination
8.5. Vehicle armoring
8.6. Ballistic Intrusion
8.7. Non-Woven and Foams
8.8. Others
9. Thermoplastic Polyurethane Films  Market - By End Use
9.1. Introduction
9.2. Textiles
9.3. Automotive & Transportation
9.4. Building & Construction
9.5. Aerospace
9.6. Energy
9.7. Medical & Healthcare
9.8. Sport & Leisure
9.9. Packaging
9.10. Others 
10. Thermoplastic Polyurethane Films  Market - By Geography
10.1. North America
10.1.1. Introduction
10.1.2. Trends and Opportunities
10.1.3. U.S.  
10.1.4. Canada 
10.1.5. Mexico
10.2. South America
10.2.1. Introduction
10.2.2. Trends and Opportunities
10.2.3. Brazil 
10.2.4. Argentina
10.2.5. Colombia
10.2.6. Rest of South America
10.3. Europe 
10.3.1. Introduction
10.3.2. Trends and Opportunities
10.3.3. U.K 
10.3.4. Germany 
10.3.5. Italy 
10.3.6. France
10.3.7. Spain
10.3.8. Russia
10.3.9. Netherlands
10.3.10. Rest of Europe
10.4. APAC
10.4.1. Introduction
10.4.2. Trends and Opportunities
10.4.3. China 
10.4.4. India
10.4.5. Japan
10.4.6. South Korea
10.4.7. Rest of APAC
10.5. RoW
10.5.1. Middle East Introduction Trends and Opportunities Saudi Arabia UAE Qatar Others
10.5.2. Africa Introduction Trends and Opportunities South Africa Nigeria Others
11. Market Entropy
11.1. New Product Launches
11.2. M&As, Collaborations, JVs, Partnership
12. Company Profiles
12.1. Company 1
12.2. Company 2
12.3. Company 3
12.4. Company 4
12.5. Company 5
12.6. Company 6
12.7. Company 7
12.8. Company 8
12.9. Company 9
*More than 10 Companies are profiled in this Research Report*
"*Financials would be provided on a best efforts basis for private companies"
13. Appendix
13.1. Abbreviations
13.2. Sources
13.3. Research Methodology
13.4. Bibliography
13.5. Compilation of Expert Insights
13.6. Disclaimer