Thermoplastic Polyurethanes (TPU) Market is Projected to Clock a CAGR of 6.0% During 2022-2028

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.

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.

The global Thermoplastic Polyurethanes (TPU) market was valued at US$ 2315.9 million in 2020 and it is expected to reach US$ 3740.5 million by the end of 2027, growing at a CAGR of 6.0% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

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

Segment by Application

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

By Company

  • Lubrizol
  • Basf
  • Covestro
  • Wanhua Chemical
  • Huntsman
  • Trinseo
  • Hexpol
  • Kuraray
  • Coim Group
  • Avient
  • Epaflex
  • Miracll Chemicals

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, 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)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)


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