- Polyols
- Diisocyanate
- Diols
Thermoplastic Polyurethane (TPU) Market size was valued at USD 2,451.9 million in 2022 and is poised to grow at a CAGR of 7.4% from 2023 to 2029. 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.
Thermoplastic Polyurethane Tpu Market Key Developments:
- In May 2019, BASF has planned to expand the production capacity of TPU and engineering plastics in the Verbund site in Zhanjiang, China by 2022. This expansion of production capacity will bring the total capacity of these products in APAC to 290,000 MTPA. This expansion will help the company to meet the immediate need of the customers in APAC.
Thermoplastic Polyurethane Tpu Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.4%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
Thermoplastic Polyurethane (TPU) Market Dynamics
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.
Asia Pacific Got Significant Share
Thermoplastic Polyurethane (TPU) Market Regional Analysis
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The thermoplastic polyurethane (TPU) market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The thermoplastic polyurethane (TPU) market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The thermoplastic polyurethane (TPU) market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The thermoplastic polyurethane (TPU) market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The thermoplastic polyurethane (TPU) market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Thermoplastic Polyurethane Tpu Market Segmentation
By Raw Material
By Type
- Polyester
- Polyether
- Polycaprolactone
By End-Use Industry
- Footwear
- Industrial Machinery
- Automotive
- Electronics
- Medical and Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The thermoplastic polyurethane (TPU) market is projected to expand at a CAGR of 7.4% during the forecast period
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 |
- BASF
- Lubrizol
- Covestro
- Huntsman
- Wanhua
- Polyone
- Epaflex
- Coim
- Hexpol AB
- Kuraray
- Americal Polyfilm
- Mitsui Chemicals
- Novotex
- Statex
- Songwon
- Sanyo Corporation