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The thermoplastic polyurethane (TPU) industry in China is also experiencing strong growth. China has become the world's largest TPU producer and consumer, with both production and consumption maintaining rapid growth. Demand for TPU continues to grow in emerging sectors, and the market is expected to maintain strong growth momentum. The competitive landscape of China's TPU industry is characterized by high market concentration at the high end and a more fragmented low-end market, indicating room for improvement in industry concentration.