- Polyester- Based Type,
- Polyether- Based Type
Thermoplastic Polyurethane (TPU) Elastomers Market size was valued at USD 2.5 billion in 2022 and is expected to reach a value of USD 3.9 billion by 2029, growing at a CAGR of 6.6% during the forecast period 2023 to 2029. The global market report provides a detailed overview of the market, which can be segmented by type and application. By type, the Thermoplastic Polyurethane (TPU) Elastomers 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 Thermoplastic Polyurethane (TPU) Elastomers market 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.
Thermoplastic Polyurethane (TPU) Elastomers Market Key Development:
- In January 2019, Lubrizol International, Inc., a U.S.-based specialty chemical company, acquired the TPU business from The Dow Chemical Company, one of the leading chemical companies based in the U.S.
Thermoplastic Polyurethane Elastomers Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.6%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Thermoplastic Polyurethane Elastomers Market Dynamics
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.
Asia-Pacific Got Significant Share
Thermoplastic Polyurethane Elastomers Market Regional Analysis
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
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Thermoplastic Polyurethane Elastomers Market Segmentation
By Type
By Application
- Automotive,
- Footwear and Sporting Goods,
- Building and Construction,
- Wires and Cables,
- Medical Products,
- Electrics and Appliances,
- Others
By End User
- North America,
- Europe,
- Asia Pacific,
- Latin America and
- Middle East and Africa
Frequently Asked Questions
The thermoplastic polyurethane elastomers market size was valued at USD 2.5 billion in 2022
The thermoplastic polyurethane elastomers 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 thermoplastic polyurethane elastomers 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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 5.1. Polyester- Based Type |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 8. North America TPU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 8.5. North America TPU Elastomers Market Dynamics Trends |
| 9. Europe TPU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 9.5. Europe TPU Elastomers Market Dynamics Trends |
| 10. Asia-Pacific TPU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.5. Asia-Pacific TPU Elastomers Market Dynamics Trends |
| 11. Latin America TPU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2020 2026 |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.5. Latin America TPU Elastomers Market Dynamics Trends |
| 12. Middle East and Africa TPU Elastomers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn ) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- 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