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Thermoplastic Polyurethane Elastomers Market: By Type By Application and Region Forecast 2019-2030
Thermoplastic Polyurethane Elastomers Market: By Type By Application and Region Forecast 2019-2030
Thermoplastic Polyurethane (TPU) Elastomers Market size was valued at US$ 2.5 billion in 2023 and is expected to reach a value of US$ 3.9 billion by 2030, growing at a CAGR of 6.6% from 2024 to 2030. The global market report provides a detailed overview of the market, which can be segmented by type and application. By type, the market has been segmented into Polyester- Based TPU and polyether-based TPU. The Polyester-Based segment is likely to be the largest and fastest-growing in terms of both types. The Elastomers is segmented into Automotive, Footwear and Sporting Goods, Building and Construction, Wires and Cables, Medical Products, Electrics and Appliances, and Others. According to precision business insights, the Footwear and Sporting Goods segment is predicted to register the fastest growth rate during the forecast period.
Study Period
2025-2031Base Year
2024CAGR
6.6%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
TPU elastomers' high-performance mechanical features, such as high tensile strength and chemical and oil resistance, are expanding their applications spectrum, driving the growth of the TPU elastomers market.
The Asia Pacific market is expected to witness the highest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
|
Market Size in 2023 |
US$ 2.5 billion |
|
Market Size in 2030 |
US$ 3.9 billion |
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Market CAGR |
6.6% |
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By Type |
|
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By Application |
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By Region |
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The thermoplastic polyurethane elastomers market size was valued at US$ 2.5 Bn in 2023 and is expected to reach a value of US$ 3.9 Bn by 2030, growing at a CAGR of 6.6% from 2024-2030
The market key players are: Lubrizol International Covestro Huntsman BASF Kraton DowDuPont PolyOne Mitsui Chemicals Kuraray Miracll Chemical Ravago Petrochemicals COIM SPA Tosoh Corporation APS Elastomers Xuchuan Chemical Group Huafon Group Wanhua Chemical Group Evermore Chemical Industry Others
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global TPU Elastomers Market Introduction |
| 2.1. Global TPU Elastomers Market Taxonomy |
| 2.2. Global TPU Elastomers Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global TPU Elastomers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global TPU Elastomers Market Dynamic Factors - Impact Analysis |
| 3.6. Global TPU Elastomers Market Competition Landscape |
| 4. Global TPU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global TPU Elastomers Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.1. Polyester- Based Type |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polyether- Based Type |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global TPU Elastomers Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Footwear and Sporting Goods |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Building and Construction |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Wires and Cables |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Medical Products |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Electrics and Appliances |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global TPU Elastomers Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global TPU Elastomers Market - Opportunity Analysis Index, By Type, End-User Industry, and Region, 2024 - 2030 |
| 8. North America TPU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Polyester-Based Type |
| 8.1.2. Polyether-Based Type |
| 8.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Automotive |
| 8.2.2. Footwear and Sporting Goods |
| 8.2.3. Building and Construction |
| 8.2.4. Wires and Cables |
| 8.2.5. Medical Products |
| 8.2.6. Electronics and Appliances |
| 8.2.7. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. U.S. |
| 8.3.2. Canada |
| 8.4. North America TPU Elastomers Market - Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2030 |
| 8.5. North America TPU Elastomers Market Dynamics Trends |
| 9. Europe TPU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Polyester-Based Type |
| 9.1.2. Polyether-Based Type |
| 9.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Automotive |
| 9.2.2. Footwear and Sporting Goods |
| 9.2.3. Building and Construction |
| 9.2.4. Wires and Cables |
| 9.2.5. Medical Products |
| 9.2.6. Electronics and Appliances |
| 9.2.7. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe TPU Elastomers Market - Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2030 |
| 9.5. Europe TPU Elastomers Market Dynamics Trends |
| 10. Asia-Pacific TPU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Polyester-Based Type |
| 10.1.2. Polyether-Based Type |
| 10.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Automotive |
| 10.2.2. Footwear and Sporting Goods |
| 10.2.3. Building and Construction |
| 10.2.4. Wires and Cables |
| 10.2.5. Medical Products |
| 10.2.6. Electronics and Appliances |
| 10.2.7. Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific TPU Elastomers Market - Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific TPU Elastomers Market Dynamics Trends |
| 11. Latin America TPU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2020 2026 |
| 11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Polyester-Based Type |
| 11.1.2. Polyether-Based Type |
| 11.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Automotive |
| 11.2.2. Footwear and Sporting Goods |
| 11.2.3. Building and Construction |
| 11.2.4. Wires and Cables |
| 11.2.5. Medical Products |
| 11.2.6. Electronics and Appliances |
| 11.2.7. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America TPU Elastomers Market - Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2030 |
| 11.5. Latin America TPU Elastomers Market Dynamics Trends |
| 12. Middle East and Africa TPU Elastomers Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn ) |
| 12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Polyester-Based Type |
| 12.1.2. Polyether-Based Type |
| 12.2. End User Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Automotive |
| 12.2.2. Footwear and Sporting Goods |
| 12.2.3. Building and Construction |
| 12.2.4. Wires and Cables |
| 12.2.5. Medical Products |
| 12.2.6. Electronics and Appliances |
| 12.2.7. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA TPU Elastomers Market - Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2030 |
| 12.5. MEA TPU Elastomers Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Lubrizol International |
| 13.2.2. Covestro |
| 13.2.3. Huntsman |
| 13.2.4. BASF |
| 13.2.5. Kraton |
| 13.2.6. DowDuPont |
| 13.2.7. PolyOne |
| 13.2.8. Mitsui Chemicals |
| 13.2.9. Kuraray |
| 13.2.10. Miracll Chemical |
| 13.2.11. Ravago Petrochemicals |
| 13.2.12. COIM SPA |
| 13.2.13. Tosoh Corporation |
| 13.2.14. APS Elastomers |
| 13.2.15. Xuchuan Chemical Group |
| 13.2.16. Huafon Group |
| 13.2.17. Wanhua Chemical Group |
| 13.2.18. Evermore Chemical Industry |
| 13.2.19. Others |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.