Thermoplastic Polyurethane (TPU) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028) (Copy) (Copy)

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Global Thermoplastic Polyurethane (TPU) Market: By Raw Material (Polyols, Diisocyanate, Diols), By Type (Polyester, Polyether, Polycaprolactone), By End-use Industry (Footwear, Industrial Machinery, Automotive, Electronics, Medical and Others)

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Report

Description

The Thermoplastic Polyurethane (TPU) Market size is valued at USD 2,451.9 million in 2021 and is expected to grow at a significant CAGR of 7.4% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Thermoplastic Polyurethane (TPU) Market and that can be segmented by Raw Material, Type, 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.

Key Development:

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

MARKET SUMMARY
-
7.4%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 7.4%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Thermoplastic Polyurethane (TPU) Market

  • The thermoplastic polyurethane (TPU) market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The thermoplastic polyurethane (TPU) market is segmented based on raw material, type, end-use industry and geography.
Key Players
  • BASF
  • Lubrizol
  • Covestro
  • Huntsman
  • Wanhua
Thermoplastic Polyurethane (TPU) Market Drivers

The major driving factor of the market studied is TPU’s 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

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The thermoplastic polyurethane (TPU) market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The thermoplastic polyurethane (TPU) market report covers in-detail insights about the competitor’s 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


Location

GEOGRAPHY

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


Report

Table Of Content

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,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, Revenue (USD Mn)
5.1. Polyols
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2021 – 2027, Revenue (USD Mn)
6.1. Polyester
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2021 – 2027, Revenue (USD Mn)
7.1. Footwear
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, Revenue (USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2017 – 2021 and Forecast, 2022 – 2028, 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, 2022 – 2028
9. North America Thermoplastic Polyurethane (TPU)MarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028, Revenue (USD Mn)
9.1. Raw Material Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028by 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, 2022 – 2028
9.6. North America Thermoplastic Polyurethane (TPU) Market Dynamics – Trends
10. Europe Thermoplastic Polyurethane (TPU) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, Revenue (USD Mn)
10.1. Raw Material Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
10.6. Europe Thermoplastic Polyurethane (TPU) Market Dynamics – Trends
11. Asia-Pacific Thermoplastic Polyurethane (TPU) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, Revenue (USD Mn)
11.1. Raw Material Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 Analysis2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
11.6. Asia-Pacific Thermoplastic Polyurethane (TPU) Market Dynamics – Trends
12. Latin America Thermoplastic Polyurethane (TPU) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, Revenue (USD Mn)
12.1. Raw Material Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
12.6. Latin America Thermoplastic Polyurethane (TPU) Market Dynamics – Trends
13. Middle East and Africa Thermoplastic Polyurethane (TPU) Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028, Revenue (USD Mn)
13.1. Raw Material Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
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

Report

Company Profile

  • BASF
  • Lubrizol
  • Covestro
  • Huntsman
  • Wanhua
  • Polyone
  • Epaflex
  • Coim
  • Hexpol AB
  • Kuraray
  • Americal Polyfilm
  • Mitsui Chemicals
  • Novotex
  • Statex
  • Songwon
  • Sanyo Corporation

Description

The Thermoplastic Polyurethane (TPU) Market size is valued at USD 2,451.9 million in 2021 and is expected to grow at a significant CAGR of 7.4% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Thermoplastic Polyurethane (TPU) Market and that can be segmented by Raw Material, Type, 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.

Key Development:

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.

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