“Growing Demand in Various Industries”
The global extrusion-grade thermoplastic polyurethane (TPU) market is witnessing growing demand driven by its versatility and adaptability across multiple industries, including automotive, medical, and electronics. With increased focus on sustainability, manufacturers are developing recyclable and bio-based TPU products to meet eco-friendly standards, aligning with green initiatives and regulatory requirements. Advancements in production processes, such as improved extrusion technology, are enhancing TPU properties, such as flexibility, abrasion resistance, and durability. The rise of electric vehicles, along with growth in medical devices, is boosting demand for TPU due to its lightweight and high-performance attributes, making it a preferred material choice.
