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TPU is a versatile polymer which can offer several combinations of performance properties. TPU resins are extruded with polyester, polyether, and polycaprolactone substrate to produce TPU films. TPU films offer excellent properties such as wear and tear resistance, high elasticity, high strength, durability, resistance to chemicals, abrasion resistance, etc. TPU films are biodegradable in nature. The higher biodegradability of TPU films offer an upper hand to the TPU films over its other counterparts. Manufacturers such as Lubrizol are focusing on the development of bio-based TPU films. These products offer equivalent performance to the synthetic TPU films. Thus, technological developments of bio-based TPU films are expected offer lucrative opportunities to the TPU films market in the near future.

Furthermore, puncture resistance offered by TPU films and their competitive physical structure render them suitable as viral and liquid barrier. The barrier protects patients and medical staff from potentially harmful blood-borne pathogens. Also, TPU films do not use any plasticizers during the manufacturing process; hence, they do not cause allergic reactions unlike their counterparts. Furthermore, TPU films can sustain autoclave sterilization temperatures and still remain flexible and soft over time. Thus, TPU films offer long shelf-life. The films offer breathability, inherent softness, and conformability and help the patient to recover speedily with comfort. This is expected to provide lucrative opportunities for the TPU films market during the forecast period.


The global construction/civil engineering industry has expanded significantly during the past decade. It plays a major role in economic growth, driven by rising demand for smart infrastructure and increasing expenditure in developing countries. Furthermore, increased expenditure on improving residential, commercial, and industrial infrastructure along with energy conservation initiatives is expected to propel the civil engineering industry during the forecast period. There has been a significant rise in modern architecture in recent years, leading to the development of modern materials which complement the art without compromising on the stability and strength of the structures formed. TPU films are used in flooring as tile underlayment, insulation netting, insulation sheathing, rain screen on the roofs, etc. With construction as one of the major end-use industries of TPU films, the evolving modern architecture and construction industry are projected to propel the TPU films market significantly during the forecast period.

TPU films are also utilized in automotive interior parts such as air chambers of car seats, sunroofs, noise reduction components, and others. The demand for touchscreens and displays in car interiors has increased considerably in the past few years. This developing trend of digitization can be integrated into the surfaces of center consoles, instrument panels, seat panels, and doors of the vehicle. TPU-based flexible electronics can be used in electric vehicle interiors for panel heating of large surface areas, geometrically complex decorative parts with attractive lighting effects, etc. Hence, increase in demand for flexible electronics and digitized automatic transmission systems is anticipated to drive the TPU films market during the forecast period.

However, extensive consumption of raw materials (methylene diphenyl isocyanate (MDI) and polyols) from different industries such as textiles, polymers, rubber processing, and medical & health care affects the demand-supply scenario and eventually results in increased prices. This is anticipated to hamper the TPU films market during the forecast period. Furthermore, availability of bio-based raw materials, and substitutes such as thermoplastic olefins with enhanced performance are likely to restrain the growth of the TPU films market in the next few years.

The global TPU films market is consolidated. Presence of prominent players accounting for a market share of more than 50% is anticipated to intensify the competition during the forecast period. Key players are focusing on joint ventures and acquisition of regional players in order to gain a substantial share of the global and regional TPU films market. In February 2016, Mitsubishi Corporation acquired 4% share of DingZing Advanced Materials Company. The strategic partnership is expected to expand its global footprint in the TPU market. In the same month, Huntsman Corporation commenced TPU manufacturing facility in Shanghai, China, their first production unit in Asia Pacific to cater the rising requirement of TPU films and cables for the automotive, footwear, and building & construction industries in the region.

The polycaprolactone TPU segment is estimated to expand at a fast pace during the forecast period due to its superior performance characteristics compared to other substrates. Demand for TPU films from automotive & transportation, and building & construction sectors is anticipated to rise rapidly in the next few years. Asia Pacific, and North America are expected to be the leading consumers of TPU films during the forecast period.

Some of the key players in the TPU films market include Covestro AG, Huntsman Corporation, Erez Europe, Novotex Italiana S.p.A., Bond-A-Band Transmission Limited, Permali Gloucester Limited, DUNMORE, 3M, Evermax Eco, Redwood TTM Ltd, Wiman Corporation and PROCHIMIR SAS.

Increased Spending on Healthcare to Open Growth Avenues Drive Global TPU Films Market

The growth of the global TPU films market is estimated to be powered the by a growing automotive sector and rising spending on healthcare. Given the strong presence of well established firms with broad production capabilities, such as Lubrizol, Nippon, and Huntsman, TPU films market is likely to observe high growth in Asia Pacific region.

Leading manufacturers based out of Europe and North America has made acquisition of regional companies so as to create vast distribution systems in the developing countries. This factor is likely to leave a positive effect on the growth of the market. In addition to that, less dependence on export to North America and Europe is further expected to increase trade and investment in the local markets of Asia Pacific region. Domestic growth of the demand growth is also likely to be aided by quick access to capital and availability of low-cost labor. These factors are likely to support growth of the global TPU films market in the near future.

Rising Demand from Several End Use Industries to Work in Favor of the Market

Increasing level of income and rising population are expected to accelerate the growth of the global TPU films market in the years to come. Because of the existence of intensified competition, increasing global aniline prices have considerably influenced the profitability of manufacturers of TPU films. Given the availability of large number of suppliers, consumers benefit from low cost of switching, as a result, manufacturers cannot stand to lose customers and thus jeopardize their profitability. Synthetic (petroleum-based) TPU can be utilized for substituting bio-based TPU alternatives.

Bio-based TPUs find utilization in almost each and every end use sector that makes use of synthetic materials. Bio-based films are considered a safe solution for Thermoplastic Elastomers (TPEs), which are very high in demand. All these factors are likely to work in favor of the global TPU films market in the years to come.

Methylene diphenyl isocyanate (MDI), tolylene diisocyanate (TDI) and polyols are the key raw materials required in the manufacture of TPU films. These raw materials are used widely in other end-user industries such as textiles, polymers, rubber processing, and medical & health care. Hence, the extensive consumption of these raw materials from numerous end-user industries affects the demand-supply scenario and resulting in increased prices of TPU films. Furthermore, manufacturers, such as Lubrizol, have developed bio-based TPU by using renewable-sourced materials with renewable content ranging from 30% to 70% .Bio-based TPU film provides the same level of performance and benefits compared to its synthetic counterparts. Therefore, the development of bio-based TPU films is anticipated to provide lucrative opportunities for the TPU films market during the next few years.

TPU films are used for a number of applications in the automotive, construction and aerospace industry. They offer elasticity and low permeability, due to which they are primarily used for fabricating elastic membranes used in safety equipment. Flame retardant TPU films offer improved safety and act as an inflatable membrane for expandable escape chutes in aircrafts. Moreover, TPU films are suitable for lighter-than-air applications, since these films are puncture, tear, and fatigue resistant and are easy to fabricate. These properties make TPU films suitable for surveillance applications, airships, and blimps. Hence, the rising usage of TPU films in safety equipment and other lighter-than-air applications is also expected to boost the market in the next few years. The TPU films market is a fairly consolidated market with the leading players accounting for more than 50% share in 2016. Covestro AG held major share of the TPU films market in 2016. DingZing Advanced Materials Inc. and Schweitzer-Mauduit, International, Inc. also accounted for key share in 2016.

This study analyzes, estimates, and forecasts the global TPU films market in terms of volume (Tons) and revenue (US$ Mn) from 2016 to 2025. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The report provides a detailed view of the TPU films market based on products and end-use industry. Key products included in the report are polyester TPU films, polyether TPU films and polycaprolactone TPU films. Key end-use industries included in the report are automotive & transportation, building & construction, aerospace, footwear, energy, medical & healthcare, Sport & Leisure, Packaging, textile and others (electronic devices, furniture, etc.). Furthermore, the report segments the market based on key geographies such as North America (the U.S., Canada), Europe (Germany, U.K, France, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, ASEAN, Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East and Africa (GCC, South Africa, Rest of Middle East & Africa). The TPU films market is further analyzed into major countries of each region. It also provides market volume and revenue for each product and end-use industry at country level.

Based on products, end-use industry and countries, the report analyzes the attractiveness of each segment with the help of an attractiveness tool. The study includes value chain analysis, which provides a better understanding of key players in the supply chain (from raw material manufacturers to end-users). Additionally, the study analyzes market competition and industry players using Porter’s five forces analysis.

The report includes an overview of the market share of key companies in the global TPU films market along with regional production output. Some of the key players in the TPU films market include Covestro AG, Huntsman Corporation, Erez Europe, Novotex Italiana S.p.A., Bond-A-Band Transmission Limited, Permali Gloucester Limited, DUNMORE, 3M, Evermax Eco, Redwood TTM Ltd, Wiman Corporation and PROCHIMIR SAS.

Key Takeaways:

  • The report provides regional and country level analysis in terms of volume (Kilo Tons) and revenue (US$ Mn) from 2017 to 2025 (8 year forecast), by product type and end-use industry
  • The report identifies the key factors responsible to build the upcoming opportunistic roadmap along with a detailed analysis focusing on the driving and restraining factors of the TPU films market
  • The report provides a comprehensive analysis of the TPU films market with respect to the regional production output and price trends of the product that subsequently impact the market outlook and forecast of global TPU films market between 2016 and 2025
  • The report offers detailed analysis of the value chain along with determining the profit margins received at each stage of the value chain
  • The report provide insights on market opportunities for various stakeholders in the industry value chain and detailed competition landscape for key players dominating the industry to understand competition level and opportunity for strategic merger and acquisition
  • The report demonstrates a detailed competition landscape of the TPU films market which includes company market share analysis in 2016, product mapping of the key TPU film manufacturers and competition matrix. The report offers company profiles of the major market players which illustrates the business, strategic, and financial overview of the manufacturer along with outlining the recent developments

The report segments the global TPU films market into:

By Product

  • Polyester TPU Films
  • Polyether TPU Films
  • Polycaprolactone TPU Films

By End-use Industry

  • Automotive & Transportation
  • Building & Construction
  • Aerospace
  • Footwear
  • Energy
  • Medical & Healthcare
  • Sport & Leisure
  • Packaging
  • Textile
  • Others (Furniture, etc.)

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa

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Tpu Films Market

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