Thermoplastic Polyurethanes (TPU)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Thermoplastic Polyurethanes (TPU)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

In 2023, the Global Thermoplastic Polyurethanes (TPU) market size was valued at 3309.24 Million USD, increased from 2568.38 Million USD in 2019, and the market is forecasted to reach 5290.68 Million USD by 2030, growing at CAGR of 7.27% between 2024 and 2030.

The global TPU market currently is characterized by robust growth driven by demand across key industries, including automotive, footwear, electronics, and medical devices. Key trends include the shift toward sustainability, with a growing focus on bio-based and recycled TPUs, as well as technological advancements in production processes such as additive manufacturing and the incorporation of nano-additives.

The Asia Pacific region continues to lead in both production and consumption of TPU, supported by industrialization and a growing consumer base. However, the market also faces challenges, including raw material volatility and regulatory pressures, which are prompting companies to seek new sourcing strategies and innovate in product formulations.

Market Segmentation

By Company

Lubrizol

BASF

Covestro

Wanhua Chemical

Huntsman

Trinseo

Hexpol

Kuraray

COIM Group

Avient

Epaflex

Miracll Chemicals Co., Ltd

Huafon

Segment by Type

Aromatic (MMDI) type

Aliphatic (H12MDI and HDI)

Segment by Application

Sports Goods & Footwear

Industrial Applications

Transportation/Automotive

Wire and Cable Solutions

Construction Materials

Medical, etc.

By Region

North America

United States

Canada

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia-Pacific

Europe

Germany

France

U.K.

Italy

Netherlands

Nordic Countries

Rest of Europe

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA

Chapter Outline

Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Thermoplastic Polyurethanes (TPU) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: 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 4: 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 5: Sales, revenue of Thermoplastic Polyurethanes (TPU) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of Thermoplastic Polyurethanes (TPU) in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.