
The global Thermoplastic Polyurethanes market size is predicted to grow from US$ 4014 million in 2025 to US$ 6476 million in 2031; it is expected to grow at a CAGR of 8.3% from 2025 to 2031.
Thermoplastic polyurethane (TPU) is any of a class of polyurethane plastics with many properties, including elasticity, transparency, and resistance to oil, grease and abrasion that offers both superior performance and processing flexibility. Technically, TPU is a block copolymer consisting of alternating sequences of hard and soft segments. Its adaptability is due to the presence of both these hard and soft segments in its chemical structure. The proportion of hard and soft segments can be manipulated to produce a wide range of hardness. A greater ratio of hard to soft segments will result in a more rigid TPU. The hard segments are isocyanates, and can be classified as either aliphatic or aromatic depending on the type of isocyanate. The soft segments are made of a reacted polyol. In addition to the ratio of hard to soft segments in a given grade of TPU, the type of isocyanate and polyol are responsible for the properties of the resulting TPU. TPU can be as soft as rubber or as hard as rigid plastics. TPU is a unique type of plastic bridging the gap between rubbers and plastics. The key to TPU's versatility is that its hardness can be highly customized. The look and feel of TPU is just as versatile. It can be transparent or colored as well as smooth to the touch or provide grip.
Global core thermoplastic polyurethanes (TPU) manufacturers include Lubrizol, BASF, Wanhua Chemical, etc. The top 3 companies hold a share about 47%. Asia-Pacific is the largest market, with a share about 61%, followed by Europe and North America, with share 19% and 16%, separately. In terms of product type, Polyester-based TPU is the largest segment, with a share about 66%. And in terms of application, the largest application is Sports Goods and Footwear, with a share of 30%.
The “Thermoplastic Polyurethanes Industry Forecast” looks at past sales and reviews total world Thermoplastic Polyurethanes sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermoplastic Polyurethanes sales for 2025 through 2031. With Thermoplastic Polyurethanes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermoplastic Polyurethanes industry.
This Insight Report provides a comprehensive analysis of the global Thermoplastic Polyurethanes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermoplastic Polyurethanes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermoplastic Polyurethanes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Polyurethanes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermoplastic Polyurethanes.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Polyurethanes market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Polyester-based TPU
Polyether-based TPU
Polycaprolactone-based TPU
Segmentation by Application:
Sports Goods and Footwear
Industrial Applications
Transportation and Automotive
Wire and Cable Solutions
Construction Materials
Medical and Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BASF
Miracll Chemicals
Huntsman
Covestro
COIM Group
Epaflex
Trinseo
Avient
Hexpol
Huafon
Wanhua Chemical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Thermoplastic Polyurethanes market?
What factors are driving Thermoplastic Polyurethanes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Thermoplastic Polyurethanes market opportunities vary by end market size?
How does Thermoplastic Polyurethanes break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Thermoplastic Polyurethanes Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Thermoplastic Polyurethanes by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Thermoplastic Polyurethanes by Country/Region, 2020, 2024 & 2031
2.2 Thermoplastic Polyurethanes Segment by Type
2.2.1 Polyester-based TPU
2.2.2 Polyether-based TPU
2.2.3 Polycaprolactone-based TPU
2.3 Thermoplastic Polyurethanes Sales by Type
2.3.1 Global Thermoplastic Polyurethanes Sales Market Share by Type (2020-2025)
2.3.2 Global Thermoplastic Polyurethanes Revenue and Market Share by Type (2020-2025)
2.3.3 Global Thermoplastic Polyurethanes Sale Price by Type (2020-2025)
2.4 Thermoplastic Polyurethanes Segment by Application
2.4.1 Sports Goods and Footwear
2.4.2 Industrial Applications
2.4.3 Transportation and Automotive
2.4.4 Wire and Cable Solutions
2.4.5 Construction Materials
2.4.6 Medical and Other
2.5 Thermoplastic Polyurethanes Sales by Application
2.5.1 Global Thermoplastic Polyurethanes Sale Market Share by Application (2020-2025)
2.5.2 Global Thermoplastic Polyurethanes Revenue and Market Share by Application (2020-2025)
2.5.3 Global Thermoplastic Polyurethanes Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Thermoplastic Polyurethanes Breakdown Data by Company
3.1.1 Global Thermoplastic Polyurethanes Annual Sales by Company (2020-2025)
3.1.2 Global Thermoplastic Polyurethanes Sales Market Share by Company (2020-2025)
3.2 Global Thermoplastic Polyurethanes Annual Revenue by Company (2020-2025)
3.2.1 Global Thermoplastic Polyurethanes Revenue by Company (2020-2025)
3.2.2 Global Thermoplastic Polyurethanes Revenue Market Share by Company (2020-2025)
3.3 Global Thermoplastic Polyurethanes Sale Price by Company
3.4 Key Manufacturers Thermoplastic Polyurethanes Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Thermoplastic Polyurethanes Product Location Distribution
3.4.2 Players Thermoplastic Polyurethanes Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Thermoplastic Polyurethanes by Geographic Region
4.1 World Historic Thermoplastic Polyurethanes Market Size by Geographic Region (2020-2025)
4.1.1 Global Thermoplastic Polyurethanes Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Thermoplastic Polyurethanes Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Thermoplastic Polyurethanes Market Size by Country/Region (2020-2025)
4.2.1 Global Thermoplastic Polyurethanes Annual Sales by Country/Region (2020-2025)
4.2.2 Global Thermoplastic Polyurethanes Annual Revenue by Country/Region (2020-2025)
4.3 Americas Thermoplastic Polyurethanes Sales Growth
4.4 APAC Thermoplastic Polyurethanes Sales Growth
4.5 Europe Thermoplastic Polyurethanes Sales Growth
4.6 Middle East & Africa Thermoplastic Polyurethanes Sales Growth
5 Americas
5.1 Americas Thermoplastic Polyurethanes Sales by Country
5.1.1 Americas Thermoplastic Polyurethanes Sales by Country (2020-2025)
5.1.2 Americas Thermoplastic Polyurethanes Revenue by Country (2020-2025)
5.2 Americas Thermoplastic Polyurethanes Sales by Type (2020-2025)
5.3 Americas Thermoplastic Polyurethanes Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Thermoplastic Polyurethanes Sales by Region
6.1.1 APAC Thermoplastic Polyurethanes Sales by Region (2020-2025)
6.1.2 APAC Thermoplastic Polyurethanes Revenue by Region (2020-2025)
6.2 APAC Thermoplastic Polyurethanes Sales by Type (2020-2025)
6.3 APAC Thermoplastic Polyurethanes Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Thermoplastic Polyurethanes by Country
7.1.1 Europe Thermoplastic Polyurethanes Sales by Country (2020-2025)
7.1.2 Europe Thermoplastic Polyurethanes Revenue by Country (2020-2025)
7.2 Europe Thermoplastic Polyurethanes Sales by Type (2020-2025)
7.3 Europe Thermoplastic Polyurethanes Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Thermoplastic Polyurethanes by Country
8.1.1 Middle East & Africa Thermoplastic Polyurethanes Sales by Country (2020-2025)
8.1.2 Middle East & Africa Thermoplastic Polyurethanes Revenue by Country (2020-2025)
8.2 Middle East & Africa Thermoplastic Polyurethanes Sales by Type (2020-2025)
8.3 Middle East & Africa Thermoplastic Polyurethanes Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Thermoplastic Polyurethanes
10.3 Manufacturing Process Analysis of Thermoplastic Polyurethanes
10.4 Industry Chain Structure of Thermoplastic Polyurethanes
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Thermoplastic Polyurethanes Distributors
11.3 Thermoplastic Polyurethanes Customer
12 World Forecast Review for Thermoplastic Polyurethanes by Geographic Region
12.1 Global Thermoplastic Polyurethanes Market Size Forecast by Region
12.1.1 Global Thermoplastic Polyurethanes Forecast by Region (2026-2031)
12.1.2 Global Thermoplastic Polyurethanes Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Thermoplastic Polyurethanes Forecast by Type (2026-2031)
12.7 Global Thermoplastic Polyurethanes Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 BASF
13.1.1 BASF Company Information
13.1.2 BASF Thermoplastic Polyurethanes Product Portfolios and Specifications
13.1.3 BASF Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 BASF Main Business Overview
13.1.5 BASF Latest Developments
13.2 Miracll Chemicals
13.2.1 Miracll Chemicals Company Information
13.2.2 Miracll Chemicals Thermoplastic Polyurethanes Product Portfolios and Specifications
13.2.3 Miracll Chemicals Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Miracll Chemicals Main Business Overview
13.2.5 Miracll Chemicals Latest Developments
13.3 Huntsman
13.3.1 Huntsman Company Information
13.3.2 Huntsman Thermoplastic Polyurethanes Product Portfolios and Specifications
13.3.3 Huntsman Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Huntsman Main Business Overview
13.3.5 Huntsman Latest Developments
13.4 Covestro
13.4.1 Covestro Company Information
13.4.2 Covestro Thermoplastic Polyurethanes Product Portfolios and Specifications
13.4.3 Covestro Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Covestro Main Business Overview
13.4.5 Covestro Latest Developments
13.5 COIM Group
13.5.1 COIM Group Company Information
13.5.2 COIM Group Thermoplastic Polyurethanes Product Portfolios and Specifications
13.5.3 COIM Group Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 COIM Group Main Business Overview
13.5.5 COIM Group Latest Developments
13.6 Epaflex
13.6.1 Epaflex Company Information
13.6.2 Epaflex Thermoplastic Polyurethanes Product Portfolios and Specifications
13.6.3 Epaflex Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Epaflex Main Business Overview
13.6.5 Epaflex Latest Developments
13.7 Trinseo
13.7.1 Trinseo Company Information
13.7.2 Trinseo Thermoplastic Polyurethanes Product Portfolios and Specifications
13.7.3 Trinseo Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Trinseo Main Business Overview
13.7.5 Trinseo Latest Developments
13.8 Avient
13.8.1 Avient Company Information
13.8.2 Avient Thermoplastic Polyurethanes Product Portfolios and Specifications
13.8.3 Avient Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Avient Main Business Overview
13.8.5 Avient Latest Developments
13.9 Hexpol
13.9.1 Hexpol Company Information
13.9.2 Hexpol Thermoplastic Polyurethanes Product Portfolios and Specifications
13.9.3 Hexpol Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Hexpol Main Business Overview
13.9.5 Hexpol Latest Developments
13.10 Huafon
13.10.1 Huafon Company Information
13.10.2 Huafon Thermoplastic Polyurethanes Product Portfolios and Specifications
13.10.3 Huafon Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Huafon Main Business Overview
13.10.5 Huafon Latest Developments
13.11 Wanhua Chemical
13.11.1 Wanhua Chemical Company Information
13.11.2 Wanhua Chemical Thermoplastic Polyurethanes Product Portfolios and Specifications
13.11.3 Wanhua Chemical Thermoplastic Polyurethanes Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Wanhua Chemical Main Business Overview
13.11.5 Wanhua Chemical Latest Developments
14 Research Findings and Conclusion
*If Applicable.
