Foundite Promotes Green Innovation: The Rapid Development and Future Prospects of China's TPU Industry

Foundite is honored to witness the rapid development of China's TPU (thermoplastic polyurethane) industry. In recent years, China's TPU industry has made remarkable achievements in production capacity and output. The following is our review of the development of China's TPU industry:

一. Rapid growth of China's TPU industry
Since 2014, China's TPU production has reached a staggering 14.5%. By 2021, China's TPU output has reached 654,000 tons, ranking firmly as the world's largest TPU producer. Despite the challenge of overcapacity, the demand for TPU in emerging markets continues to rise, injecting new impetus into the sustainable development of the industry. According to the relevant data analysis, we expect that the market will maintain a steady growth trend in the future.
On the consumer side, the Chinese market is also strong. Between 2017 and 2021, China's TPU consumption grew at a compound annual growth rate of 12.9%, and the total consumption in 2021 reached 602,000 tons, accounting for more than half of the global total consumption. Looking ahead, TPU consumption in China is expected to grow to about 900,000 tons by 2026, and the compound annual growth rate in the next five years is expected to be about 10%, which fully demonstrates the huge potential and broad prospects of China's TPU market.

二．Foundite insight into the industry frontier: the three major development trends of China's TPU market
In Foundite, we always stand at the forefront of the industry development and pay close attention to every pulsation of China's TPU industry. Here are three of our trends to stimulate innovative thinking and drive industry trends:
1. Green Revolution - leads the wave of innovation in bio-based and degradable TPU
Today, when environmental protection has become a global consensus, Foundite is committed to promoting the green revolution and pushing the research and development of bio-based TPU and degradable TPU to a new height. We are not only following the trend, but also shaping the future and contributing to the sustainable development of the earth.
2. Scientific and technological innovation - Create the industry benchmark for high-performance TPU materials
The current trend of the TPU industry is to develop high-performance TPU materials that are stronger, easier to process through cutting-edge molecular design and nanocomposite technology. Foundite's goal is to become a leader in industry technology and provide incomparable product advantages for partners.
3. Cross-border exploration - Expand the application boundary of TPU in the high-tech field
The application potential of TPU is unlimited, especially in the high-tech fields such as smart wearable and medical devices, and its prospects are exciting. Foundite is exploring these cutting-edge fields, committed to pushing the application of TPU to a new height, and providing strong material support for innovative technology.

 三. Work Together to create a green future
As a professional TPU film manufacturer, Foundite will continue to pay attention to and share industry analysis and information. We firmly believe that with the joint efforts of our colleagues in the industry, China's TPU industry will move towards a more green, efficient and sustainable future. Foundite looks forward to joining hands with you to create a better tomorrow. Contact us to explore the infinite possibilities of TPU materials!