Thermoplastic Polyurethanes (TPU) Industry Research Report 2024

Thermoplastic Polyurethanes (TPU) Industry Research Report 2024


Thermoplastic polyurethane (TPU) is any of a class of polyurethane plastics with many properties, including elasticity, transparency, and resistance to oil, grease and abrasion. Technically, they are thermoplastic elastomers consisting of linear segmented block copolymers composed of hard and soft segments.
The Thermoplastic Polyurethanes (TPU) market covers Polyester-based TPU, Polyether-based TPU, etc. The typical players include Lubrizol, BASF, Covestro, Wanhua Chemical, etc.

Highlights

The global Thermoplastic Polyurethanes (TPU) market is projected to reach US$ million by 2030 from an estimated US$ million in 2024, at a CAGR of % during 2025 and 2030.
Geographically, Europe, Asia-Pacific and the United States dominate the polyurethane elastomer market, of which Asia-Pacific is also the world's leading and fastest-growing regional market, especially China, which plays a more important role in the world. APAC accounted for the highest market share of more than 55% in value.
Based on material type, TPU are mainly classified into the following types: Polyester-based TPU, Polyether-based TPU and Polycaprolactone-based TPU. Of the three product type segments, polyester held the largest market share, accounting for more than 58% of the market consumption.
TPU has wide range of Applications, such as Sports Goods & Footwear, Industrial Applications, Transportation/Automotive, Wire and Cable Solutions, Construction Materials, Medical, etc. Sports Goods & Footwear occupied the most market share, Automotive, footwear and medical are major drivers of the market growth in recent years.
The global key Thermoplastic Polyurethanes (TPU) manufacturers include Lubrizol, BASF, Covestro, Huntsman, Miracll Chemicals Co., Ltd, Wanhua Chemical, Trinseo, Hexpol, COIM Group, Epaflex, etc. Top 5 took about 66% market value share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Thermoplastic Polyurethanes (TPU), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermoplastic Polyurethanes (TPU).
The Thermoplastic Polyurethanes (TPU) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Thermoplastic Polyurethanes (TPU) market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Thermoplastic Polyurethanes (TPU) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Lubrizol
BASF
Covestro
Wanhua Chemical
Huntsman
Trinseo
Hexpol
Kuraray
COIM Group
Avient
Epaflex
Miracll Chemicals

Product Type Insights

Global markets are presented by Thermoplastic Polyurethanes (TPU) type, along with growth forecasts through 2030. Estimates on production and value are based on the price in the supply chain at which the Thermoplastic Polyurethanes (TPU) are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and during the historical period (2019-2024) and forecast period (2025-2030).
Thermoplastic Polyurethanes (TPU) segment by Type

Polyester-based TPU
Polyether-based TPU
Polycaprolactone-based TPU

Application Insights

This report has provided the market size (production and revenue data) by application, during the historical period (2019-2024) and forecast period (2025-2030).
This report also outlines the market trends of each segment and consumer behaviors impacting the Thermoplastic Polyurethanes (TPU) market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Thermoplastic Polyurethanes (TPU) market.
Thermoplastic Polyurethanes (TPU) segment by Application

Sports Goods & Footwear
Industrial Applications
Transportation/Automotive
Wire and Cable Solutions
Construction Materials
Medical
Others

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2019-2030.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2023 because of the base year, with estimates for 2024 and forecast value for 2030.
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Thermoplastic Polyurethanes (TPU) market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Thermoplastic Polyurethanes (TPU) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Thermoplastic Polyurethanes (TPU) and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Thermoplastic Polyurethanes (TPU) industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Thermoplastic Polyurethanes (TPU).
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Thermoplastic Polyurethanes (TPU) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Thermoplastic Polyurethanes (TPU) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Thermoplastic Polyurethanes (TPU) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Thermoplastic Polyurethanes (TPU) by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
1.2.2 Polyester-based TPU
1.2.3 Polyether-based TPU
1.2.4 Polycaprolactone-based TPU
2.3 Thermoplastic Polyurethanes (TPU) by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
2.3.2 Sports Goods & Footwear
2.3.3 Industrial Applications
2.3.4 Transportation/Automotive
2.3.5 Wire and Cable Solutions
2.3.6 Construction Materials
2.3.7 Medical
2.3.8 Others
2.4 Global Market Growth Prospects
2.4.1 Global Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2019-2030)
2.4.2 Global Thermoplastic Polyurethanes (TPU) Production Capacity Estimates and Forecasts (2019-2030)
2.4.3 Global Thermoplastic Polyurethanes (TPU) Production Estimates and Forecasts (2019-2030)
2.4.4 Global Thermoplastic Polyurethanes (TPU) Market Average Price (2019-2030)
3 Market Competitive Landscape by Manufacturers
3.1 Global Thermoplastic Polyurethanes (TPU) Production by Manufacturers (2019-2024)
3.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Manufacturers (2019-2024)
3.3 Global Thermoplastic Polyurethanes (TPU) Average Price by Manufacturers (2019-2024)
3.4 Global Thermoplastic Polyurethanes (TPU) Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Thermoplastic Polyurethanes (TPU) Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Thermoplastic Polyurethanes (TPU) Manufacturers, Product Type & Application
3.7 Global Thermoplastic Polyurethanes (TPU) Manufacturers, Date of Enter into This Industry
3.8 Global Thermoplastic Polyurethanes (TPU) Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Lubrizol
4.1.1 Lubrizol Thermoplastic Polyurethanes (TPU) Company Information
4.1.2 Lubrizol Thermoplastic Polyurethanes (TPU) Business Overview
4.1.3 Lubrizol Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.1.4 Lubrizol Product Portfolio
4.1.5 Lubrizol Recent Developments
4.2 BASF
4.2.1 BASF Thermoplastic Polyurethanes (TPU) Company Information
4.2.2 BASF Thermoplastic Polyurethanes (TPU) Business Overview
4.2.3 BASF Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.2.4 BASF Product Portfolio
4.2.5 BASF Recent Developments
4.3 Covestro
4.3.1 Covestro Thermoplastic Polyurethanes (TPU) Company Information
4.3.2 Covestro Thermoplastic Polyurethanes (TPU) Business Overview
4.3.3 Covestro Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.3.4 Covestro Product Portfolio
4.3.5 Covestro Recent Developments
4.4 Wanhua Chemical
4.4.1 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Company Information
4.4.2 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Business Overview
4.4.3 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.4.4 Wanhua Chemical Product Portfolio
4.4.5 Wanhua Chemical Recent Developments
4.5 Huntsman
4.5.1 Huntsman Thermoplastic Polyurethanes (TPU) Company Information
4.5.2 Huntsman Thermoplastic Polyurethanes (TPU) Business Overview
4.5.3 Huntsman Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.5.4 Huntsman Product Portfolio
4.5.5 Huntsman Recent Developments
4.6 Trinseo
4.6.1 Trinseo Thermoplastic Polyurethanes (TPU) Company Information
4.6.2 Trinseo Thermoplastic Polyurethanes (TPU) Business Overview
4.6.3 Trinseo Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.6.4 Trinseo Product Portfolio
4.6.5 Trinseo Recent Developments
4.7 Hexpol
4.7.1 Hexpol Thermoplastic Polyurethanes (TPU) Company Information
4.7.2 Hexpol Thermoplastic Polyurethanes (TPU) Business Overview
4.7.3 Hexpol Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.7.4 Hexpol Product Portfolio
4.7.5 Hexpol Recent Developments
4.8 Kuraray
4.8.1 Kuraray Thermoplastic Polyurethanes (TPU) Company Information
4.8.2 Kuraray Thermoplastic Polyurethanes (TPU) Business Overview
4.8.3 Kuraray Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.8.4 Kuraray Product Portfolio
4.8.5 Kuraray Recent Developments
4.9 COIM Group
4.9.1 COIM Group Thermoplastic Polyurethanes (TPU) Company Information
4.9.2 COIM Group Thermoplastic Polyurethanes (TPU) Business Overview
4.9.3 COIM Group Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.9.4 COIM Group Product Portfolio
4.9.5 COIM Group Recent Developments
4.10 Avient
4.10.1 Avient Thermoplastic Polyurethanes (TPU) Company Information
4.10.2 Avient Thermoplastic Polyurethanes (TPU) Business Overview
4.10.3 Avient Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
4.10.4 Avient Product Portfolio
4.10.5 Avient Recent Developments
7.11 Epaflex
7.11.1 Epaflex Thermoplastic Polyurethanes (TPU) Company Information
7.11.2 Epaflex Thermoplastic Polyurethanes (TPU) Business Overview
4.11.3 Epaflex Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
7.11.4 Epaflex Product Portfolio
7.11.5 Epaflex Recent Developments
7.12 Miracll Chemicals
7.12.1 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Company Information
7.12.2 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Business Overview
7.12.3 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2019-2024)
7.12.4 Miracll Chemicals Product Portfolio
7.12.5 Miracll Chemicals Recent Developments
5 Global Thermoplastic Polyurethanes (TPU) Production by Region
5.1 Global Thermoplastic Polyurethanes (TPU) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.2 Global Thermoplastic Polyurethanes (TPU) Production by Region: 2019-2030
5.2.1 Global Thermoplastic Polyurethanes (TPU) Production by Region: 2019-2024
5.2.2 Global Thermoplastic Polyurethanes (TPU) Production Forecast by Region (2025-2030)
5.3 Global Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.4 Global Thermoplastic Polyurethanes (TPU) Production Value by Region: 2019-2030
5.4.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Region: 2019-2024
5.4.2 Global Thermoplastic Polyurethanes (TPU) Production Value Forecast by Region (2025-2030)
5.5 Global Thermoplastic Polyurethanes (TPU) Market Price Analysis by Region (2019-2024)
5.6 Global Thermoplastic Polyurethanes (TPU) Production and Value, YOY Growth
5.6.1 North America Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2019-2030)
5.6.2 Europe Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2019-2030)
5.6.3 China Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2019-2030)
5.6.4 Japan Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2019-2030)
6 Global Thermoplastic Polyurethanes (TPU) Consumption by Region
6.1 Global Thermoplastic Polyurethanes (TPU) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
6.2 Global Thermoplastic Polyurethanes (TPU) Consumption by Region (2019-2030)
6.2.1 Global Thermoplastic Polyurethanes (TPU) Consumption by Region: 2019-2030
6.2.2 Global Thermoplastic Polyurethanes (TPU) Forecasted Consumption by Region (2025-2030)
6.3 North America
6.3.1 North America Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.3.2 North America Thermoplastic Polyurethanes (TPU) Consumption by Country (2019-2030)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe
6.4.1 Europe Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.4.2 Europe Thermoplastic Polyurethanes (TPU) Consumption by Country (2019-2030)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific
6.5.1 Asia Pacific Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.5.2 Asia Pacific Thermoplastic Polyurethanes (TPU) Consumption by Country (2019-2030)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 China Taiwan
6.5.7 Southeast Asia
6.5.8 India
6.5.9 Australia
6.6 Latin America, Middle East & Africa
6.6.1 Latin America, Middle East & Africa Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.6.2 Latin America, Middle East & Africa Thermoplastic Polyurethanes (TPU) Consumption by Country (2019-2030)
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Turkey
6.6.5 GCC Countries
7 Segment by Type
7.1 Global Thermoplastic Polyurethanes (TPU) Production by Type (2019-2030)
7.1.1 Global Thermoplastic Polyurethanes (TPU) Production by Type (2019-2030) & (K MT)
7.1.2 Global Thermoplastic Polyurethanes (TPU) Production Market Share by Type (2019-2030)
7.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Type (2019-2030)
7.2.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Type (2019-2030) & (US$ Million)
7.2.2 Global Thermoplastic Polyurethanes (TPU) Production Value Market Share by Type (2019-2030)
7.3 Global Thermoplastic Polyurethanes (TPU) Price by Type (2019-2030)
8 Segment by Application
8.1 Global Thermoplastic Polyurethanes (TPU) Production by Application (2019-2030)
8.1.1 Global Thermoplastic Polyurethanes (TPU) Production by Application (2019-2030) & (K MT)
8.1.2 Global Thermoplastic Polyurethanes (TPU) Production by Application (2019-2030) & (K MT)
8.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Application (2019-2030)
8.2.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Application (2019-2030) & (US$ Million)
8.2.2 Global Thermoplastic Polyurethanes (TPU) Production Value Market Share by Application (2019-2030)
8.3 Global Thermoplastic Polyurethanes (TPU) Price by Application (2019-2030)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Thermoplastic Polyurethanes (TPU) Value Chain Analysis
9.1.1 Thermoplastic Polyurethanes (TPU) Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Thermoplastic Polyurethanes (TPU) Production Mode & Process
9.2 Thermoplastic Polyurethanes (TPU) Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Thermoplastic Polyurethanes (TPU) Distributors
9.2.3 Thermoplastic Polyurethanes (TPU) Customers
10 Global Thermoplastic Polyurethanes (TPU) Analyzing Market Dynamics
10.1 Thermoplastic Polyurethanes (TPU) Industry Trends
10.2 Thermoplastic Polyurethanes (TPU) Industry Drivers
10.3 Thermoplastic Polyurethanes (TPU) Industry Opportunities and Challenges
10.4 Thermoplastic Polyurethanes (TPU) Industry Restraints
11 Report Conclusion
12 Disclaimer

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