Thermoplastic Polyurethane Films Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Thermoplastic Polyurethane Films Market Analysis:

1. The Global Thermoplastic Polyurethane (TPU) Films Market is projected to experience a significant increase in size from 137.65 kilotons in 2023 to 192.07 kilotons by 2028, with a Compound Annual Growth Rate (CAGR) of 6.89% during the forecast period (2023–2028). Despite the negative impact of the COVID-19 pandemic on major end-user industries such as footwear, apparel, and sports equipment, the market has been estimated to have returned to pre-pandemic levels and is expected to grow at a steady pace.

2. The growth of the TPU films market is primarily driven by the increasing usage of TPU films in the footwear and apparel industry. However, the market may face challenges in the coming years due to the rising prices of raw materials. Nevertheless, the potential of bio-based TPU film is expected to create opportunities for the market during the forecast period.

3. The Asia-Pacific region is currently the largest market for TPU films, and it is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for TPU films in various end-user industries, such as automotive, construction, and electronics, among others. The region’s growing population and rising disposable income levels are also expected to contribute to the market’s growth in the coming years.

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