The global extrusion grade thermoplastic polyurethane market is experiencing steady growth, driven by its diverse applications across multiple industries. The automotive sector is a significant contributor, utilizing TPU for various components, including seals and gaskets, due to its superior durability and resistance to harsh conditions. The footwear industry also plays a crucial role, as manufacturers increasingly adopt TPU for its lightweight and flexible properties, enhancing comfort and performance. Moreover, the rising demand for sustainable materials is influencing market dynamics, with manufacturers focusing on eco-friendly production processes. Asia Pacific holds a substantial share of the market, attributed to rapid industrialization and increased manufacturing capabilities in countries such as China and India. Overall, the extrusion grade TPU market shows promising potential as industries seek innovative materials for enhanced product performance.
