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
Industry Research
Thermoplastic Polyurethanes (TPU) Industry Research Report 2026
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.
Report Scope
This report quantifies the global Thermoplastic Polyurethanes (TPU) market in revenue (US$ million) and, where applicable, sales volume (K MT), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/K MT) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Thermoplastic Polyurethanes (TPU).
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Thermoplastic Polyurethanes (TPU) Market 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
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Thermoplastic Polyurethanes (TPU) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: Production/output, value of Thermoplastic Polyurethanes (TPU) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: 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 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Thermoplastic Polyurethanes (TPU) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Polyester-based TPU
- 2.2.3 Polyether-based TPU
- 2.2.4 Polycaprolactone-based TPU
- 2.3 Thermoplastic Polyurethanes (TPU) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Sports Goods & Footwear
- 2.3.3 Industrial Applications
- 2.3.4 Transportation/Automotive
- 2.3.5 Wire and Cable Solutions
- 2.3.6 Construction Materials
- 2.3.7 Medical
- 2.3.8 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Thermoplastic Polyurethanes (TPU) Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Thermoplastic Polyurethanes (TPU) Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Thermoplastic Polyurethanes (TPU) Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Thermoplastic Polyurethanes (TPU) Production by Manufacturers (2021-2026)
- 3.2 Global Thermoplastic Polyurethanes (TPU) Production Value 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 Global Thermoplastic Polyurethanes (TPU) Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Lubrizol
- 4.1.1 Lubrizol Thermoplastic Polyurethanes (TPU) Company Information
- 4.1.2 Lubrizol Thermoplastic Polyurethanes (TPU) Business Overview
- 4.1.3 Lubrizol Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Lubrizol Product Portfolio
- 4.1.5 Lubrizol Recent Developments
- 4.2 BASF
- 4.2.1 BASF Thermoplastic Polyurethanes (TPU) Company Information
- 4.2.2 BASF Thermoplastic Polyurethanes (TPU) Business Overview
- 4.2.3 BASF Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 BASF Product Portfolio
- 4.2.5 BASF Recent Developments
- 4.3 Covestro
- 4.3.1 Covestro Thermoplastic Polyurethanes (TPU) Company Information
- 4.3.2 Covestro Thermoplastic Polyurethanes (TPU) Business Overview
- 4.3.3 Covestro Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Covestro Product Portfolio
- 4.3.5 Covestro Recent Developments
- 4.4 Wanhua Chemical
- 4.4.1 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Company Information
- 4.4.2 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Business Overview
- 4.4.3 Wanhua Chemical Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Wanhua Chemical Product Portfolio
- 4.4.5 Wanhua Chemical Recent Developments
- 4.5 Huntsman
- 4.5.1 Huntsman Thermoplastic Polyurethanes (TPU) Company Information
- 4.5.2 Huntsman Thermoplastic Polyurethanes (TPU) Business Overview
- 4.5.3 Huntsman Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Huntsman Product Portfolio
- 4.5.5 Huntsman Recent Developments
- 4.6 Trinseo
- 4.6.1 Trinseo Thermoplastic Polyurethanes (TPU) Company Information
- 4.6.2 Trinseo Thermoplastic Polyurethanes (TPU) Business Overview
- 4.6.3 Trinseo Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Trinseo Product Portfolio
- 4.6.5 Trinseo Recent Developments
- 4.7 Hexpol
- 4.7.1 Hexpol Thermoplastic Polyurethanes (TPU) Company Information
- 4.7.2 Hexpol Thermoplastic Polyurethanes (TPU) Business Overview
- 4.7.3 Hexpol Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Hexpol Product Portfolio
- 4.7.5 Hexpol Recent Developments
- 4.8 Kuraray
- 4.8.1 Kuraray Thermoplastic Polyurethanes (TPU) Company Information
- 4.8.2 Kuraray Thermoplastic Polyurethanes (TPU) Business Overview
- 4.8.3 Kuraray Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Kuraray Product Portfolio
- 4.8.5 Kuraray Recent Developments
- 4.9 COIM Group
- 4.9.1 COIM Group Thermoplastic Polyurethanes (TPU) Company Information
- 4.9.2 COIM Group Thermoplastic Polyurethanes (TPU) Business Overview
- 4.9.3 COIM Group Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 COIM Group Product Portfolio
- 4.9.5 COIM Group Recent Developments
- 4.10 Avient
- 4.10.1 Avient Thermoplastic Polyurethanes (TPU) Company Information
- 4.10.2 Avient Thermoplastic Polyurethanes (TPU) Business Overview
- 4.10.3 Avient Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Avient Product Portfolio
- 4.10.5 Avient Recent Developments
- 4.11 Epaflex
- 4.11.1 Epaflex Thermoplastic Polyurethanes (TPU) Company Information
- 4.11.2 Epaflex Thermoplastic Polyurethanes (TPU) Business Overview
- 4.11.3 Epaflex Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Epaflex Product Portfolio
- 4.11.5 Epaflex Recent Developments
- 4.12 Miracll Chemicals
- 4.12.1 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Company Information
- 4.12.2 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Business Overview
- 4.12.3 Miracll Chemicals Thermoplastic Polyurethanes (TPU) Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 Miracll Chemicals Product Portfolio
- 4.12.5 Miracll Chemicals Recent Developments
5 Global Thermoplastic Polyurethanes (TPU) Production by Region
- 5.1 Global Thermoplastic Polyurethanes (TPU) Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Thermoplastic Polyurethanes (TPU) Production by Region: 2021-2032
- 5.2.1 Global Thermoplastic Polyurethanes (TPU) Production by Region: 2021-2026
- 5.2.2 Global Thermoplastic Polyurethanes (TPU) Production Forecast by Region (2027-2032)
- 5.3 Global Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Thermoplastic Polyurethanes (TPU) Production Value by Region: 2021-2032
- 5.4.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Region: 2021-2026
- 5.4.2 Global Thermoplastic Polyurethanes (TPU) Production Value Forecast by Region (2027-2032)
- 5.5 Global Thermoplastic Polyurethanes (TPU) Market Price Analysis by Region (2021-2026)
- 5.6 Global Thermoplastic Polyurethanes (TPU) Production and Value, YOY Growth
- 5.6.1 North America Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Thermoplastic Polyurethanes (TPU) Production Value Estimates and Forecasts (2021-2032)
6 Global Thermoplastic Polyurethanes (TPU) Consumption by Region
- 6.1 Global Thermoplastic Polyurethanes (TPU) Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Thermoplastic Polyurethanes (TPU) Consumption by Region (2021-2032)
- 6.2.1 Global Thermoplastic Polyurethanes (TPU) Consumption by Region: 2021-2026
- 6.2.2 Global Thermoplastic Polyurethanes (TPU) Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Thermoplastic Polyurethanes (TPU) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Thermoplastic Polyurethanes (TPU) Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Thermoplastic Polyurethanes (TPU) Production by Type (2021-2032)
- 7.1.1 Global Thermoplastic Polyurethanes (TPU) Production by Type (2021-2032) & (K MT)
- 7.1.2 Global Thermoplastic Polyurethanes (TPU) Production Market Share by Type (2021-2032)
- 7.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Type (2021-2032)
- 7.2.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Thermoplastic Polyurethanes (TPU) Production Value Market Share by Type (2021-2032)
- 7.3 Global Thermoplastic Polyurethanes (TPU) Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Thermoplastic Polyurethanes (TPU) Production by Application (2021-2032)
- 8.1.1 Global Thermoplastic Polyurethanes (TPU) Production by Application (2021-2032) & (K MT)
- 8.1.2 Global Thermoplastic Polyurethanes (TPU) Production Market Share by Application (2021-2032)
- 8.2 Global Thermoplastic Polyurethanes (TPU) Production Value by Application (2021-2032)
- 8.2.1 Global Thermoplastic Polyurethanes (TPU) Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Thermoplastic Polyurethanes (TPU) Production Value Market Share by Application (2021-2032)
- 8.3 Global Thermoplastic Polyurethanes (TPU) Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 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 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 Global Thermoplastic Polyurethanes (TPU) Analyzing Market Dynamics
- 10.1 Thermoplastic Polyurethanes (TPU) Industry Trends
- 10.2 Thermoplastic Polyurethanes (TPU) Industry Drivers
- 10.3 Thermoplastic Polyurethanes (TPU) Industry Opportunities and Challenges
- 10.4 Thermoplastic Polyurethanes (TPU) Industry Restraints
11 Report Conclusion
12 Disclaimer
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