APO RESEARCH · REPORT
Thermoplastic Polyurethanes (TPU)
Thermoplastic polyurethanes are segmented thermoplastic elastomers with soft and hard molecular segments.

Product & engineering
Understand the product.
Thermoplastic polyurethane (TPU) is any of a class of polyurethane plastics with many properties, including elasticity, transparency, and resistance to oil, grease and abrasion. Technically, they are thermoplastic elastomers consisting of linear segmented block copolymers composed of hard and soft segments.
The Thermoplastic Polyurethanes (TPU) market covers Polyester-based TPU, Polyether-based TPU, etc. The typical players include Lubrizol, BASF, Covestro, Wanhua Chemical, etc.
Polyester, polyether and other chemistry choices influence exposure behaviour. Grade selection must consider hydrolysis, temperature, abrasion and contacted chemicals.
Drying, melt history and conversion route influence finished quality. Hardness alone does not establish every grade's elasticity or long-term performance.
What turns activity into demand
Demand follows accepted articles and their elastomer content. TPU resin, compounds, films and finished elastomer articles have separate value boundaries.
The commercial boundary
TPU resin, compounds, films and finished elastomer articles have separate value boundaries.
Technical reading
Selected research
Market Structure
Global Thermoplastic Polyurethanes (TPU) Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
Thermoplastic polyurethane (TPU) is any of a class of polyurethane plastics with many properties, including elasticity, transparency, and resistance to oil, grease and abrasion. Technically, they are thermoplastic elastomers consisting of linear segmented block copolymers composed of hard and soft segments.
The Thermoplastic Polyurethanes (TPU) market covers Polyester-based TPU, Polyether-based TPU, etc. The typical players include Lubrizol, BASF, Covestro, Wanhua Chemical, etc.
Geographically, Europe, Asia-Pacific and the United States dominate the polyurethane elastomer market, of which Asia-Pacific is also the world's leading and fastest-growing regional market, especially China, which plays a more important role in the world. APAC accounted for the highest market share of more than 55% in value.
Read the full market overview
Based on material type, TPU are mainly classified into the following types: Polyester-based TPU, Polyether-based TPU and Polycaprolactone-based TPU. Of the three product type segments, polyester held the largest market share, accounting for more than 58% of the market consumption.
TPU has wide range of Applications, such as Sports Goods & Footwear, Industrial Applications, Transportation/Automotive, Wire and Cable Solutions, Construction Materials, Medical, etc. Sports Goods & Footwear occupied the most market share, Automotive, footwear and medical are major drivers of the market growth in recent years.
The global key Thermoplastic Polyurethanes (TPU) manufacturers include Lubrizol, BASF, Covestro, Huntsman, Miracll Chemicals Co., Ltd, Wanhua Chemical, Trinseo, Hexpol, COIM Group, Epaflex, etc. Top 5 took about 66% market value share.
The report provides an overview of the global Thermoplastic Polyurethanes (TPU) market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Thermoplastic Polyurethanes (TPU) and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Thermoplastic Polyurethanes (TPU) sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Thermoplastic Polyurethanes (TPU) market size, projected growth trends, production technologies, key applications, and end-use industries.
Thermoplastic Polyurethanes (TPU) Segment by Company
Lubrizol
BASF
Covestro
Wanhua Chemical
Huntsman
Trinseo
Hexpol
Kuraray
COIM Group
Avient
Epaflex
Miracll Chemicals
Thermoplastic Polyurethanes (TPU) Segment by Type
Polyester-based TPU
Polyether-based TPU
Polycaprolactone-based TPU
Thermoplastic Polyurethanes (TPU) Segment by Application
Sports Goods & Footwear
Industrial Applications
Transportation/Automotive
Wire and Cable Solutions
Construction Materials
Medical
Others
Thermoplastic Polyurethanes (TPU) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Thermoplastic Polyurethanes (TPU) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Thermoplastic Polyurethanes (TPU) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Thermoplastic Polyurethanes (TPU).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Thermoplastic Polyurethanes (TPU) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Thermoplastic Polyurethanes (TPU) industry.
Chapter 3: Detailed analysis of Thermoplastic Polyurethanes (TPU) market competition landscape. Including Thermoplastic Polyurethanes (TPU) manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Thermoplastic Polyurethanes (TPU) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Thermoplastic Polyurethanes (TPU) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Polyester-based TPU
- Polyether-based TPU
- Polycaprolactone-based TPU
Applications
- Sports Goods & Footwear
- Industrial Applications
- Transportation/Automotive
- Wire and Cable Solutions
- Construction Materials
- Medical
- Others
Companies covered
- Lubrizol
- BASF
- Covestro
- Wanhua Chemical
- Huntsman
- Trinseo
- Hexpol
- Kuraray
- COIM Group
- Avient
- Epaflex
- Miracll Chemicals
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Thermoplastic Polyurethanes (TPU) Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Thermoplastic Polyurethanes (TPU) Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Thermoplastic Polyurethanes (TPU) Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Thermoplastic Polyurethanes (TPU) Market Dynamics
- 2.1 Thermoplastic Polyurethanes (TPU) Industry Trends
- 2.2 Thermoplastic Polyurethanes (TPU) Industry Drivers
- 2.3 Thermoplastic Polyurethanes (TPU) Industry Opportunities and Challenges
- 2.4 Thermoplastic Polyurethanes (TPU) Industry Restraints
3 Thermoplastic Polyurethanes (TPU) Market by Manufacturers
- 3.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Manufacturers (2021-2026)
- 3.2 Global Thermoplastic Polyurethanes (TPU) Production by Manufacturers (2021-2026)
- 3.3 Global Thermoplastic Polyurethanes (TPU) Average Price by Manufacturers (2021-2026)
- 3.4 Global Thermoplastic Polyurethanes (TPU) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Thermoplastic Polyurethanes (TPU) Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Thermoplastic Polyurethanes (TPU) Manufacturers, Product Type & Application
- 3.7 Global Thermoplastic Polyurethanes (TPU) Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Thermoplastic Polyurethanes (TPU) Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Thermoplastic Polyurethanes (TPU) Players Market Share by Production Value in 2025
- 3.8.3 2025 Thermoplastic Polyurethanes (TPU) Tier 1, Tier 2, and Tier 3
4 Thermoplastic Polyurethanes (TPU) Market by Type
- 4.1 Thermoplastic Polyurethanes (TPU) Type Introduction
- 4.1.1 Polyester-based TPU
- 4.1.2 Polyether-based TPU
- 4.1.3 Polycaprolactone-based TPU
- 4.2 Global Thermoplastic Polyurethanes (TPU) Production by Type
- 4.2.1 Global Thermoplastic Polyurethanes (TPU) Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Thermoplastic Polyurethanes (TPU) Production by Type (2021-2032)
- 4.2.3 Global Thermoplastic Polyurethanes (TPU) Production Market Share by Type (2021-2032)
- 4.3 Global Thermoplastic Polyurethanes (TPU) Production Value by Type
- 4.3.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Type (2021-2032)
- 4.3.3 Global Thermoplastic Polyurethanes (TPU) Production Value Market Share by Type (2021-2032)
5 Thermoplastic Polyurethanes (TPU) Market by Application
- 5.1 Thermoplastic Polyurethanes (TPU) Application Introduction
- 5.1.1 Sports Goods & Footwear
- 5.1.2 Industrial Applications
- 5.1.3 Transportation/Automotive
- 5.1.4 Wire and Cable Solutions
- 5.1.5 Construction Materials
- 5.1.6 Medical
- 5.1.7 Others
- 5.2 Global Thermoplastic Polyurethanes (TPU) Production by Application
- 5.2.1 Global Thermoplastic Polyurethanes (TPU) Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Thermoplastic Polyurethanes (TPU) Production by Application (2021-2032)
- 5.2.3 Global Thermoplastic Polyurethanes (TPU) Production Market Share by Application (2021-2032)
- 5.3 Global Thermoplastic Polyurethanes (TPU) Production Value by Application
- 5.3.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Application (2021-2032)
- 5.3.3 Global Thermoplastic Polyurethanes (TPU) Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 Lubrizol
- 6.1.1 Lubrizol Company Information
- 6.1.2 Lubrizol Business Overview
- 6.1.3 Lubrizol Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.1.4 Lubrizol Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.1.5 Lubrizol Recent Developments
- 6.2 BASF
- 6.2.1 BASF Company Information
- 6.2.2 BASF Business Overview
- 6.2.3 BASF Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.2.4 BASF Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.2.5 BASF Recent Developments
- 6.3 Covestro
- 6.3.1 Covestro Company Information
- 6.3.2 Covestro Business Overview
- 6.3.3 Covestro Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.3.4 Covestro Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.3.5 Covestro Recent Developments
- 6.4 Wanhua Chemical
- 6.4.1 Wanhua Chemical Company Information
- 6.4.2 Wanhua Chemical Business Overview
- 6.4.3 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.4.4 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.4.5 Wanhua Chemical Recent Developments
- 6.5 Huntsman
- 6.5.1 Huntsman Company Information
- 6.5.2 Huntsman Business Overview
- 6.5.3 Huntsman Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.5.4 Huntsman Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.5.5 Huntsman Recent Developments
- 6.6 Trinseo
- 6.6.1 Trinseo Company Information
- 6.6.2 Trinseo Business Overview
- 6.6.3 Trinseo Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.6.4 Trinseo Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.6.5 Trinseo Recent Developments
- 6.7 Hexpol
- 6.7.1 Hexpol Company Information
- 6.7.2 Hexpol Business Overview
- 6.7.3 Hexpol Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.7.4 Hexpol Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.7.5 Hexpol Recent Developments
- 6.8 Kuraray
- 6.8.1 Kuraray Company Information
- 6.8.2 Kuraray Business Overview
- 6.8.3 Kuraray Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.8.4 Kuraray Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.8.5 Kuraray Recent Developments
- 6.9 COIM Group
- 6.9.1 COIM Group Company Information
- 6.9.2 COIM Group Business Overview
- 6.9.3 COIM Group Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.9.4 COIM Group Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.9.5 COIM Group Recent Developments
- 6.10 Avient
- 6.10.1 Avient Company Information
- 6.10.2 Avient Business Overview
- 6.10.3 Avient Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.10.4 Avient Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.10.5 Avient Recent Developments
- 6.11 Epaflex
- 6.11.1 Epaflex Company Information
- 6.11.2 Epaflex Business Overview
- 6.11.3 Epaflex Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.11.4 Epaflex Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.11.5 Epaflex Recent Developments
- 6.12 Miracll Chemicals
- 6.12.1 Miracll Chemicals Company Information
- 6.12.2 Miracll Chemicals Business Overview
- 6.12.3 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Production, Value and Gross Margin (2021-2026)
- 6.12.4 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Product Portfolio
- 6.12.5 Miracll Chemicals Recent Developments
7 Global Thermoplastic Polyurethanes (TPU) Production by Region
- 7.1 Global Thermoplastic Polyurethanes (TPU) Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Thermoplastic Polyurethanes (TPU) Production by Region (2021-2032)
- 7.2.1 Global Thermoplastic Polyurethanes (TPU) Production by Region (2021-2026)
- 7.2.2 Global Thermoplastic Polyurethanes (TPU) Production Forecast by Region (2027-2032)
- 7.3 Global Thermoplastic Polyurethanes (TPU) Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Thermoplastic Polyurethanes (TPU) Production Value by Region (2021-2032)
- 7.4.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Region (2021-2026)
- 7.4.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Region (2027-2032)
- 7.5 Global Thermoplastic Polyurethanes (TPU) Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Thermoplastic Polyurethanes (TPU) Production Value (2021-2032)
- 7.6.2 Europe Thermoplastic Polyurethanes (TPU) Production Value (2021-2032)
- 7.6.3 Asia-Pacific Thermoplastic Polyurethanes (TPU) Production Value (2021-2032)
- 7.6.4 South America Thermoplastic Polyurethanes (TPU) Production Value (2021-2032)
- 7.6.5 Middle East & Africa Thermoplastic Polyurethanes (TPU) Production Value (2021-2032)
8 Global Thermoplastic Polyurethanes (TPU) Consumption by Region
- 8.1 Global Thermoplastic Polyurethanes (TPU) Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Thermoplastic Polyurethanes (TPU) Consumption by Region (2021-2032)
- 8.2.1 Global Thermoplastic Polyurethanes (TPU) Consumption by Region (2021-2026)
- 8.2.2 Global Thermoplastic Polyurethanes (TPU) Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Thermoplastic Polyurethanes (TPU) Value Chain Analysis
- 9.1.1 Thermoplastic Polyurethanes (TPU) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Thermoplastic Polyurethanes (TPU) Production Mode & Process
- 9.2 Thermoplastic Polyurethanes (TPU) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Thermoplastic Polyurethanes (TPU) Distributors
- 9.2.3 Thermoplastic Polyurethanes (TPU) Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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