Thermoplastic Polyurethane Films Market Global Report 2026

The thermoplastic polyurethane films market size has grown strongly in recent years. It will grow from $0.48 billion in 2025 to $0.51 billion in 2026 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rising demand for flexible polymer materials, increasing adoption of durable protective films, growing use of thermoplastic polyurethane in industrial applications, increasing demand for lightweight materials, and expanding applications in transportation and healthcare.

The thermoplastic polyurethane films market size is expected to see strong growth in the next few years. It will grow to $0.66 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing demand for recyclable film materials, rising adoption of thermoplastic polyurethane films in electric vehicles, growing demand for high-performance medical films, increasing use of polyurethane films in advanced electronics, and expanding demand for environmentally sustainable polymer solutions. Major trends in the forecast period include increasing adoption of recyclable thermoplastic polyurethane films, growing demand for high-performance flexible films, rising use of abrasion-resistant polyurethane films, increasing development of lightweight protective films, and growing demand for transparent polyurethane films.

The rising adoption of electric vehicles is expected to propel the growth of the thermoplastic polyurethane films market in the coming years. Electric vehicles (EVs) refer to vehicles powered by electric motors using electricity stored in batteries or other energy storage systems instead of conventional internal combustion engines. The rising adoption of electric vehicles is driven by increasing demand for sustainable transportation, as EVs help reduce greenhouse gas emissions, lower fuel dependency, and support global efforts toward cleaner mobility. The increasing adoption of electric vehicles supports thermoplastic polyurethane films by driving demand for lightweight, durable, and high-performance materials used in battery protection, interior components, and paint protection applications, thereby improving vehicle efficiency and longevity. For instance, in January 2024, according to the US Department of Energy, a US-based government department, more than 1.4 million electric vehicles were sold in the United States in 2023, marking a 50% year-over-year increase in EV sales. Therefore, rising adoption of electric vehicles is driving the growth of the thermoplastic polyurethane films market.

Major companies operating in the thermoplastic polyurethane films market are focusing on expanding advanced TPU manufacturing facilities to accelerate innovation, enhance product performance, and strengthen customer collaboration. TPU manufacturing facilities are specialized facilities that support the design, testing, and optimization of thermoplastic polyurethane materials for high-performance films and extrusion applications. For instance, in May 2026, Covestro AG, a Germany-based specialty chemicals company, launched a new Thermoplastic Polyurethanes (TPU) Application Development Center in Guangzhou, China. The facility is designed to accelerate innovation and develop advanced TPU solutions for applications including specialty films, paint protection films (PPF), consumer electronics, automotive, and extrusion products. It integrates application development with regional research and manufacturing capabilities to enhance product customization, improve processing efficiency, and support the development of sustainable TPU material solutions for customers across the Asia-Pacific region.

In October 2025, Novoloop, a US-based circular materials technology company, entered into a strategic partnership with Shanghai Huide Science and Technology Co., Ltd. to expand the production of thermoplastic polyurethane (TPU) solutions for various industrial applications. Through this partnership, the companies aim to increase the commercial production of life-cycled TPU and accelerate the development of sustainable, high-performance TPU materials for use across multiple industries. Shanghai Huide Science and Technology Co., Ltd. is a China-based manufacturer specializing in thermoplastic polyurethane, polyurethane resins, polyester polyols, adhesives, and other advanced polyurethane materials.

Major companies operating in the thermoplastic polyurethane films market are BASF SE, Covestro AG, 3M Company, Mitsui Chemicals Inc, Arkema SA, The Lubrizol Corporation, Wanhua Chemical Group Co Ltd, Avery Dennison Corporation, Tosoh Corporation, Huntsman Corporation, Kuraray Co Ltd, Avient Corporation, Miracll Chemicals Co Ltd, COIM SpA, RTP Company, DingZing Advanced Materials Inc, Diamorph Group Limited, American Polyfilm Inc, Taiwan PU Corporation Limited, Novotex Italiana SpA, Epaflex Polyurethanes SpA.

North America was the dominant region in the thermoplastic polyurethane films market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the thermoplastic polyurethane films market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the thermoplastic polyurethane films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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