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Thermoplastic Polyurethane Market: By Raw Material, By Type, By End-Use Industry and Geography
Thermoplastic Polyurethane Market: By Raw Material, By Type, By End-Use Industry and Geography
Thermoplastic Polyurethane (TPU) Market size was valued at US$ 2,451.9 million in 2023 and is poised to grow at a CAGR of 7.4% from 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by Raw Material, Type, and End-use Industry. By Raw Material, the Thermoplastic Polyurethane (TPU) market has been segmented into Polyols, Diisocyanate, Diols. The Polyols segment is likely to be the largest and fastest-growing segment in terms of raw material. Based on Type, the thermoplastic polyurethane (TPU) market is segmented into Polyester, Polyether, Polycaprolactone. Among these, the polyester segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on by end-use industry, the thermoplastic polyurethane (TPU) market is segmented into Footwear, Industrial Machinery, Automotive, Electronics, Medical and Others. Footwear is expected to dominate the market in the future according to Precision Business Insights.
Study Period
2024-2030Base Year
2023CAGR
7.4%Largest Market
North AmericanFastest Growing Market
Asia-Pacific
The major driving factor of the market studied is TPU increasing usage in the footwear and apparel industries. On the flip side, the rising prices of raw materials are hindering the growth of the market. Bio-based TPU films are likely to offer growth opportunities for the market over 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 |
2024-2030 |
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Market Size in 2023 |
US$ 2,451.9 million |
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Market CAGR |
7.4% |
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By Raw Material |
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By Type |
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By End-Use Industry |
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By Region |
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The global thermoplastic polyurethane tpu market size was valued at US$2,451.9 million in 2023 and is projected to grow at a CAGR of 7.4% by 2030.
The major players in the global Thermoplastic Polyurethane (TPU) market are Siemens, Exelon, Schneider, Homer Energy LLC, ABB, Lockheed Martin, Caterpillar, Honeywell, Viridity Energy, EnSync, Advanced Thermoplastic Polyurethane (TPU) Storage, XENDEE, ODYSSEY CONSULTANTS LTD.
Asia Pacific is the fastest-growing region for thermoplastic polyurethane (TPU) market
| 1. Executive Summary |
| 2. Global Thermoplastic Polyurethane (TPU) Market Introduction |
| 2.1. Global Thermoplastic Polyurethane (TPU) Market - Taxonomy |
| 2.2. Global Thermoplastic Polyurethane (TPU) Market -Definitions |
| 2.2.1. By Raw Material |
| 2.2.2. By Type |
| 2.2.3. By End-use Industry |
| 3. Global Thermoplastic Polyurethane (TPU) Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Thermoplastic Polyurethane (TPU) Market Dynamic Factors - Impact Analysis |
| 4. Global Thermoplastic Polyurethane (TPU) 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 Thermoplastic Polyurethane (TPU) Market, By Raw Material, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 5.1. Polyols |
| 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. Diisocyanate |
| 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 |
| 5.3. Diols |
| 5.3.1. Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Thermoplastic Polyurethane (TPU) Market Forecast, By Type, 2018- 2022 and Forecast, 2021 - 2027, Revenue (USD Mn) |
| 6.1. Polyester |
| 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. Polyether |
| 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. Polycaprolactone |
| 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 |
| 7. Global Thermoplastic Polyurethane (TPU) Market Forecast, By End-use Industry, 2018- 2022 and Forecast, 2021 - 2027, Revenue (USD Mn) |
| 7.1. Footwear |
| 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. Industrial Machinery |
| 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. Automotive |
| 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. Electronics |
| 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. Medical |
| 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. Others |
| 7.6.1. Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Global Thermoplastic Polyurethane (TPU) Market Forecast, By Region, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Thermoplastic Polyurethane (TPU) Market - Opportunity Analysis Index, By Raw Material, By Type, By End-use Industry and Region, 2023 - 2029 |
| 9. North America Thermoplastic Polyurethane (TPU)MarketAnalysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 9.1. Raw Material Analysis 2018- 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.1.1. Polyols |
| 9.1.2. Diisocyanate |
| 9.1.3. Diols |
| 9.2. Type Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Polyester |
| 9.2.2. Polyether |
| 9.2.3. Polycaprolactone |
| 9.3. End-use Industry Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Footwear |
| 9.3.2. Industrial Machinery |
| 9.3.3. Automotive |
| 9.3.4. Electronics |
| 9.3.5. Medical |
| 9.3.6. Others |
| 9.4. Country Analysis 2018- 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Thermoplastic Polyurethane (TPU) Market - Opportunity Analysis Index, By Raw Material, By Type, By End-use Industry and Country, 2023 - 2029 |
| 9.6. North America Thermoplastic Polyurethane (TPU) Market Dynamics - Trends |
| 10. Europe Thermoplastic Polyurethane (TPU) Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 10.1. Raw Material Analysis 2018- 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.1.1. Polyols |
| 10.1.2. Diisocyanate |
| 10.1.3. Diols |
| 10.2. Type Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Polyester |
| 10.2.2. Polyether |
| 10.2.3. Polycaprolactone |
| 10.3. End-use Industry Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Footwear |
| 10.3.2. Industrial Machinery |
| 10.3.3. Automotive |
| 10.3.4. Electronics |
| 10.3.5. Medical |
| 10.3.6. Others |
| 10.4. Country Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Thermoplastic Polyurethane (TPU) Market - Opportunity Analysis Index, By Raw Material, By Type, By End-use Industry and Country,2023 - 2029 |
| 10.6. Europe Thermoplastic Polyurethane (TPU) Market Dynamics - Trends |
| 11. Asia-Pacific Thermoplastic Polyurethane (TPU) Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 11.1. Raw Material Analysis 2018- 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.1.1. Polyols |
| 11.1.2. Diisocyanate |
| 11.1.3. Diols |
| 11.2. Type Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Polyester |
| 11.2.2. Polyether |
| 11.2.3. Polycaprolactone |
| 11.3. End-use Industry Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Footwear |
| 11.3.2. Industrial Machinery |
| 11.3.3. Automotive |
| 11.3.4. Electronics |
| 11.3.5. Medical |
| 11.3.6. Others |
| 11.4. Country Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Thermoplastic Polyurethane (TPU) Market - Opportunity Analysis Index, By Raw Material, By Type, By End-use Industry and Country,2023 - 2029 |
| 11.6. Asia-Pacific Thermoplastic Polyurethane (TPU) Market Dynamics - Trends |
| 12. Latin America Thermoplastic Polyurethane (TPU) Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 12.1. Raw Material Analysis 2018- 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.1.1. Polyols |
| 12.1.2. Diisocyanate |
| 12.1.3. Diols |
| 12.2. Type Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Polyester |
| 12.2.2. Polyether |
| 12.2.3. Polycaprolactone |
| 12.3. End-use Industry Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Footwear |
| 12.3.2. Industrial Machinery |
| 12.3.3. Automotive |
| 12.3.4. Electronics |
| 12.3.5. Medical |
| 12.3.6. Others |
| 12.4. Country Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Thermoplastic Polyurethane (TPU) Market - Opportunity Analysis Index, By Raw Material, By Type, By End-use Industry and Country,2023 - 2029 |
| 12.6. Latin America Thermoplastic Polyurethane (TPU) Market Dynamics - Trends |
| 13. Middle East and Africa Thermoplastic Polyurethane (TPU) Market Analysis, 2018- 2022 and Forecast, 2023 - 2029, Revenue (USD Mn) |
| 13.1. Raw Material Analysis 2018- 2022 and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.1.1. Polyols |
| 13.1.2. Diisocyanate |
| 13.1.3. Diols |
| 13.2. Type Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Polyester |
| 13.2.2. Polyether |
| 13.2.3. Polycaprolactone |
| 13.3. End-use Industry Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Footwear |
| 13.3.2. Industrial Machinery |
| 13.3.3. Automotive |
| 13.3.4. Electronics |
| 13.3.5. Medical |
| 13.3.6. Others |
| 13.4. Country Analysis 2018- 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Thermoplastic Polyurethane (TPU) Market - Opportunity Analysis Index, By Raw Material, By Type, By End-use Industry and Country,2023 - 2029 |
| 13.6. MEA Thermoplastic Polyurethane (TPU) Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. BASF |
| 14.2.2. Lubrizol |
| 14.2.3. Covestro |
| 14.2.4. Huntsman |
| 14.2.5. Wanhua |
| 14.2.6. Polyone |
| 14.2.7. Epaflex |
| 14.2.8. Coim |
| 14.2.9. Hexpol AB |
| 14.2.10. Kuraray |
| 14.2.11. Americal Polyfilm |
| 14.2.12. Mitsui Chemicals |
| 14.2.13. Novotex |
| 14.2.14. Statex |
| 14.2.15. Songwon |
| 14.2.16. Sanyo Corporation |
| 15. Research Methodology |
| 16. 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.