APO RESEARCH · REPORT
Bio-Based Thermoplastic Polyurethane
Bio-based thermoplastic polyurethane incorporates a specified renewable-derived share of its feedstock within a melt-processable polyurethane polymer.
Product & engineering
Understand the product.
Bio-based content and biodegradability are separate attributes. Renewable origin does not establish degradation behaviour, recycled content or unchanged processing performance.
What turns activity into demand
The finished component determines whether melt processing, reactive casting or waterborne film formation is appropriate. Environmental ageing and cyclic loading often distinguish apparently similar grades.
The commercial boundary
TPU pellets, reactive prepolymers, dispersions and foams are different supply objects. Grade labels do not replace application-specific material and finished-part validation.
Does bio-based content establish biodegradability?
Bio-based content and biodegradability are separate attributes. Renewable origin does not establish degradation behaviour, recycled content or unchanged processing performance.
Selected research
Industry Research
Bio-Based Thermoplastic Polyurethane Industry Research Report 2026
Market perspective
The global Bio-Based Thermoplastic Polyurethane market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Bio-Based Thermoplastic Polyurethane is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Bio-Based Thermoplastic Polyurethane is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Bio-Based Thermoplastic Polyurethane is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Bio-Based Thermoplastic Polyurethane include among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Bio-Based Thermoplastic Polyurethane market in revenue (US$ million) and, where applicable, sales volume (t), 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$/t) 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 Bio-Based Thermoplastic Polyurethane.
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.
Bio-Based Thermoplastic Polyurethane Market by Company
BASF
Wanhua Chemical Group Co.,Ltd
Coating P. Materials Co., Ltd
Miracll Chemicals Co., Ltd
Trinseo
Merquinsa-Lubrizol
GRECO
Covestro AG
Bio-Based Thermoplastic Polyurethane Segment by Type
Extrusion
Injection Molding
Other
Bio-Based Thermoplastic Polyurethane Segment by Application
Package
Automobile
Shoe
Other
Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane.
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 Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane 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
- Extrusion
- Injection Molding
- Other
Applications
- Package
- Automobile
- Shoe
- Other
Companies covered
- BASF
- Wanhua Chemical Group Co.,Ltd
- Coating P. Materials Co., Ltd
- Miracll Chemicals Co., Ltd
- Trinseo
- Merquinsa-Lubrizol
- GRECO
- Covestro AG
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 Bio-Based Thermoplastic Polyurethane by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Extrusion
- 2.2.3 Injection Molding
- 2.2.4 Other
- 2.3 Bio-Based Thermoplastic Polyurethane by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Package
- 2.3.3 Automobile
- 2.3.4 Shoe
- 2.3.5 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Bio-Based Thermoplastic Polyurethane Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Bio-Based Thermoplastic Polyurethane Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Bio-Based Thermoplastic Polyurethane Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Bio-Based Thermoplastic Polyurethane Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Bio-Based Thermoplastic Polyurethane Production by Manufacturers (2021-2026)
- 3.2 Global Bio-Based Thermoplastic Polyurethane Production Value by Manufacturers (2021-2026)
- 3.3 Global Bio-Based Thermoplastic Polyurethane Average Price by Manufacturers (2021-2026)
- 3.4 Global Bio-Based Thermoplastic Polyurethane Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Bio-Based Thermoplastic Polyurethane Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Bio-Based Thermoplastic Polyurethane Manufacturers, Product Type & Application
- 3.7 Global Bio-Based Thermoplastic Polyurethane Manufacturers Established Date
- 3.8 Global Bio-Based Thermoplastic Polyurethane Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 BASF
- 4.1.1 BASF Bio-Based Thermoplastic Polyurethane Company Information
- 4.1.2 BASF Bio-Based Thermoplastic Polyurethane Business Overview
- 4.1.3 BASF Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 BASF Product Portfolio
- 4.1.5 BASF Recent Developments
- 4.2 Wanhua Chemical Group Co.,Ltd
- 4.2.1 Wanhua Chemical Group Co.,Ltd Bio-Based Thermoplastic Polyurethane Company Information
- 4.2.2 Wanhua Chemical Group Co.,Ltd Bio-Based Thermoplastic Polyurethane Business Overview
- 4.2.3 Wanhua Chemical Group Co.,Ltd Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Wanhua Chemical Group Co.,Ltd Product Portfolio
- 4.2.5 Wanhua Chemical Group Co.,Ltd Recent Developments
- 4.3 Coating P. Materials Co., Ltd
- 4.3.1 Coating P. Materials Co., Ltd Bio-Based Thermoplastic Polyurethane Company Information
- 4.3.2 Coating P. Materials Co., Ltd Bio-Based Thermoplastic Polyurethane Business Overview
- 4.3.3 Coating P. Materials Co., Ltd Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Coating P. Materials Co., Ltd Product Portfolio
- 4.3.5 Coating P. Materials Co., Ltd Recent Developments
- 4.4 Miracll Chemicals Co., Ltd
- 4.4.1 Miracll Chemicals Co., Ltd Bio-Based Thermoplastic Polyurethane Company Information
- 4.4.2 Miracll Chemicals Co., Ltd Bio-Based Thermoplastic Polyurethane Business Overview
- 4.4.3 Miracll Chemicals Co., Ltd Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Miracll Chemicals Co., Ltd Product Portfolio
- 4.4.5 Miracll Chemicals Co., Ltd Recent Developments
- 4.5 Trinseo
- 4.5.1 Trinseo Bio-Based Thermoplastic Polyurethane Company Information
- 4.5.2 Trinseo Bio-Based Thermoplastic Polyurethane Business Overview
- 4.5.3 Trinseo Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Trinseo Product Portfolio
- 4.5.5 Trinseo Recent Developments
- 4.6 Merquinsa-Lubrizol
- 4.6.1 Merquinsa-Lubrizol Bio-Based Thermoplastic Polyurethane Company Information
- 4.6.2 Merquinsa-Lubrizol Bio-Based Thermoplastic Polyurethane Business Overview
- 4.6.3 Merquinsa-Lubrizol Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Merquinsa-Lubrizol Product Portfolio
- 4.6.5 Merquinsa-Lubrizol Recent Developments
- 4.7 GRECO
- 4.7.1 GRECO Bio-Based Thermoplastic Polyurethane Company Information
- 4.7.2 GRECO Bio-Based Thermoplastic Polyurethane Business Overview
- 4.7.3 GRECO Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 GRECO Product Portfolio
- 4.7.5 GRECO Recent Developments
- 4.8 Covestro AG
- 4.8.1 Covestro AG Bio-Based Thermoplastic Polyurethane Company Information
- 4.8.2 Covestro AG Bio-Based Thermoplastic Polyurethane Business Overview
- 4.8.3 Covestro AG Bio-Based Thermoplastic Polyurethane Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Covestro AG Product Portfolio
- 4.8.5 Covestro AG Recent Developments
5 Global Bio-Based Thermoplastic Polyurethane Production by Region
- 5.1 Global Bio-Based Thermoplastic Polyurethane Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Bio-Based Thermoplastic Polyurethane Production by Region: 2021-2032
- 5.2.1 Global Bio-Based Thermoplastic Polyurethane Production by Region: 2021-2026
- 5.2.2 Global Bio-Based Thermoplastic Polyurethane Production Forecast by Region (2027-2032)
- 5.3 Global Bio-Based Thermoplastic Polyurethane Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Bio-Based Thermoplastic Polyurethane Production Value by Region: 2021-2032
- 5.4.1 Global Bio-Based Thermoplastic Polyurethane Production Value by Region: 2021-2026
- 5.4.2 Global Bio-Based Thermoplastic Polyurethane Production Value Forecast by Region (2027-2032)
- 5.5 Global Bio-Based Thermoplastic Polyurethane Market Price Analysis by Region (2021-2026)
- 5.6 Global Bio-Based Thermoplastic Polyurethane Production and Value, YOY Growth
- 5.6.1 North America Bio-Based Thermoplastic Polyurethane Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Bio-Based Thermoplastic Polyurethane Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Bio-Based Thermoplastic Polyurethane Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Bio-Based Thermoplastic Polyurethane Production Value Estimates and Forecasts (2021-2032)
6 Global Bio-Based Thermoplastic Polyurethane Consumption by Region
- 6.1 Global Bio-Based Thermoplastic Polyurethane Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Bio-Based Thermoplastic Polyurethane Consumption by Region (2021-2032)
- 6.2.1 Global Bio-Based Thermoplastic Polyurethane Consumption by Region: 2021-2026
- 6.2.2 Global Bio-Based Thermoplastic Polyurethane Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Bio-Based Thermoplastic Polyurethane Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Bio-Based Thermoplastic Polyurethane 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 Bio-Based Thermoplastic Polyurethane Production by Type (2021-2032)
- 7.1.1 Global Bio-Based Thermoplastic Polyurethane Production by Type (2021-2032) & (t)
- 7.1.2 Global Bio-Based Thermoplastic Polyurethane Production Market Share by Type (2021-2032)
- 7.2 Global Bio-Based Thermoplastic Polyurethane Production Value by Type (2021-2032)
- 7.2.1 Global Bio-Based Thermoplastic Polyurethane Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Bio-Based Thermoplastic Polyurethane Production Value Market Share by Type (2021-2032)
- 7.3 Global Bio-Based Thermoplastic Polyurethane Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Bio-Based Thermoplastic Polyurethane Production by Application (2021-2032)
- 8.1.1 Global Bio-Based Thermoplastic Polyurethane Production by Application (2021-2032) & (t)
- 8.1.2 Global Bio-Based Thermoplastic Polyurethane Production Market Share by Application (2021-2032)
- 8.2 Global Bio-Based Thermoplastic Polyurethane Production Value by Application (2021-2032)
- 8.2.1 Global Bio-Based Thermoplastic Polyurethane Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Bio-Based Thermoplastic Polyurethane Production Value Market Share by Application (2021-2032)
- 8.3 Global Bio-Based Thermoplastic Polyurethane Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Bio-Based Thermoplastic Polyurethane Value Chain Analysis
- 9.1.1 Bio-Based Thermoplastic Polyurethane Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Bio-Based Thermoplastic Polyurethane Production Mode & Process
- 9.2 Bio-Based Thermoplastic Polyurethane Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Bio-Based Thermoplastic Polyurethane Distributors
- 9.2.3 Bio-Based Thermoplastic Polyurethane Customers
10 Global Bio-Based Thermoplastic Polyurethane Analyzing Market Dynamics
- 10.1 Bio-Based Thermoplastic Polyurethane Industry Trends
- 10.2 Bio-Based Thermoplastic Polyurethane Industry Drivers
- 10.3 Bio-Based Thermoplastic Polyurethane Industry Opportunities and Challenges
- 10.4 Bio-Based Thermoplastic Polyurethane Industry Restraints
11 Report Conclusion
12 Disclaimer
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