Global Thermoplastic Polyurethanes Market Growth 2025-2031

The global Thermoplastic Polyurethanes market size is predicted to grow from US$ 3744 million in 2025 to US$ 6041 million in 2031; it is expected to grow at a CAGR of 8.3% from 2025 to 2031.

Thermoplastic polyurethane (TPU) is any of a class of polyurethane plastics with many properties, including elasticity, transparency, and resistance to oil, grease and abrasion that offers both superior performance and processing flexibility. Technically, TPU is a block copolymer consisting of alternating sequences of hard and soft segments. Its adaptability is due to the presence of both these hard and soft segments in its chemical structure. The proportion of hard and soft segments can be manipulated to produce a wide range of hardness. A greater ratio of hard to soft segments will result in a more rigid TPU. The hard segments are isocyanates, and can be classified as either aliphatic or aromatic depending on the type of isocyanate. The soft segments are made of a reacted polyol. In addition to the ratio of hard to soft segments in a given grade of TPU, the type of isocyanate and polyol are responsible for the properties of the resulting TPU. TPU can be as soft as rubber or as hard as rigid plastics. TPU is a unique type of plastic bridging the gap between rubbers and plastics. The key to TPU's versatility is that its hardness can be highly customized. The look and feel of TPU is just as versatile. It can be transparent or colored as well as smooth to the touch or provide grip.

Global core thermoplastic polyurethanes (TPU) manufacturers include Lubrizol, BASF, Wanhua Chemical, etc. The top 3 companies hold a share about 47%. Asia-Pacific is the largest market, with a share about 61%, followed by Europe and North America, with share 19% and 16%, separately. In terms of product type, Polyester-based TPU is the largest segment, with a share about 66%. And in terms of application, the largest application is Sports Goods and Footwear, with a share of 30%.

LP Information, Inc. (LPI) ' newest research report, the “Thermoplastic Polyurethanes Industry Forecast” looks at past sales and reviews total world Thermoplastic Polyurethanes sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermoplastic Polyurethanes sales for 2025 through 2031. With Thermoplastic Polyurethanes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermoplastic Polyurethanes industry.

This Insight Report provides a comprehensive analysis of the global Thermoplastic Polyurethanes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermoplastic Polyurethanes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermoplastic Polyurethanes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Polyurethanes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermoplastic Polyurethanes.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Polyurethanes market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Polyester-based TPU
Polyether-based TPU
Polycaprolactone-based TPU

Segmentation by Application:
Sports Goods and Footwear
Industrial Applications
Transportation and Automotive
Wire and Cable Solutions
Construction Materials
Medical and Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BASF
Miracll Chemicals
Huntsman
Covestro
COIM Group
Epaflex
Trinseo
Avient
Hexpol
Huafon
Wanhua Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermoplastic Polyurethanes market?

What factors are driving Thermoplastic Polyurethanes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermoplastic Polyurethanes market opportunities vary by end market size?

How does Thermoplastic Polyurethanes break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.