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Thermoplastic Polyurethane (TPU) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global thermoplastic polyurethane (TPU) market reached a value of US$ 2.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.67 Billion by 2027, exhibiting a CAGR of 6.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Thermoplastic polyurethane (TPU) refers to a unique type of plastic that bridges the gap between rubbers and plastics. It is a transparent, melt-processable and highly elastic thermoplastic elastomer produced through a polyaddition reaction. It is widely used in specialty molded parts, footwear, adhesives, hose, tubes, film, sheets and wire and cable jacketing. TPU exhibits transparency, high elasticity, resistance to high-energy radiation, abrasion, solvents, oil and grease, string mechanical properties and can be as soft as rubber or as hard as rigid plastics. As compared to polyvinyl chloride (PVC), TPU is more environment-friendly, biodegradable and fully recyclable. Consequently, it finds extensive application across the automotive, construction, medical, electrical and electronics industries.

 

 
 

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Thermoplastic Polyurethane (TPU) Market Trends:

Rapid expansion in the automotive industry across the globe is creating a positive outlook for the market. TPU is widely used in automobile components, such as instrument panels, seats, airbags, doors, attachment clips, vehicle wiring and anti-vibration panels. Additionally, the widespread product adoption by footwear manufacturers to produce soles for safety shoes due to their slip, abrasion resistance and aesthetic properties are favoring the market growth. Moreover, the introduction of new extrusion technology that includes a new downstream system for inline cutting and curing of TPU medical tubes and   reducing the post-extrusion shrinkage are providing an impetus to the market growth. In line with this, the increasing product employment in conveyor belts, drive belts, electrical wires, power cable sheathing, equipment connectors and medical disposables due to their superior structural integrity, is positively impacting the market growth. Other factors, including the development of bio-based products and the implementation of various government initiatives to switch to eco-friendly plastics, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global thermoplastic polyurethane (TPU) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, raw material, application and end use industry.

Breakup by Type:

 

 
 

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  • Polyester
  • Polyether
  • Polycaprolactone
     

Breakup by Raw Material:

  • Polyols
  • Diisocyanate
  • Diols
     

Breakup by Application:

  • Extruded Products
  • Injection Molded Products
  • Adhesives
  • Others
     

Breakup by End Use Industry:

  • Construction
  • Automotive
  • Footwear
  • Medical
  • Electrical and Electronics
  • Heavy Engineering
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Polyfilm Inc., BASF SE, Coim Group, Covestro AG, Epaflex Polyurethanes Spa, Hexpol AB, Huntsman International LLC, Kuraray Co. Ltd., Mitsui Chemicals Inc., Sumei Chemical Co. Ltd., The Lubrizol Corporation (Berkshire Hathaway Inc.) and Wanhua Chemical Group Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Raw Material, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Polyfilm Inc., BASF SE, Coim Group, Covestro AG, Epaflex Polyurethanes Spa, Hexpol AB, Huntsman International LLC, Kuraray Co. Ltd., Mitsui Chemicals Inc., Sumei Chemical Co. Ltd., The Lubrizol Corporation (Berkshire Hathaway Inc.) and Wanhua Chemical Group Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global thermoplastic polyurethane (TPU) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global thermoplastic polyurethane (TPU) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the raw material?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global thermoplastic polyurethane (TPU) market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Thermoplastic Polyurethane (TPU) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Polyester
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Polyether
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Polycaprolactone
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Raw Material
    7.1    Polyols
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Diisocyanate
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Diols
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Extruded Products
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Injection Molded Products
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Adhesives
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End Use Industry
    9.1    Construction
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Automotive
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Footwear
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Medical
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Electrical and Electronics
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Heavy Engineering
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    American Polyfilm Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    BASF SE
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Coim Group
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Covestro AG
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Epaflex Polyurethanes Spa
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Hexpol AB
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Huntsman International LLC
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Kuraray Co. Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Mitsui Chemicals Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Sumei Chemical Co. Ltd.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    The Lubrizol Corporation (Berkshire Hathaway Inc.)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Wanhua Chemical Group Co. Ltd.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Thermoplastic Polyurethane Market: Major Drivers and Challenges
Figure 2: Global: Thermoplastic Polyurethane Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Thermoplastic Polyurethane Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Thermoplastic Polyurethane Market: Breakup by Type (in %), 2021
Figure 5: Global: Thermoplastic Polyurethane Market: Breakup by Raw Material (in %), 2021
Figure 6: Global: Thermoplastic Polyurethane Market: Breakup by Application (in %), 2021
Figure 7: Global: Thermoplastic Polyurethane Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Thermoplastic Polyurethane Market: Breakup by Region (in %), 2021
Figure 9: Global: Thermoplastic Polyurethane (Polyester) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Thermoplastic Polyurethane (Polyester) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Thermoplastic Polyurethane (Polyether) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Thermoplastic Polyurethane (Polyether) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Thermoplastic Polyurethane (Polycaprolactone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Thermoplastic Polyurethane (Polycaprolactone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Thermoplastic Polyurethane (Polyols) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Thermoplastic Polyurethane (Polyols) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Thermoplastic Polyurethane (Diisocyanate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Thermoplastic Polyurethane (Diisocyanate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Thermoplastic Polyurethane (Diols) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Thermoplastic Polyurethane (Diols) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Thermoplastic Polyurethane (Extruded Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Thermoplastic Polyurethane (Extruded Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Thermoplastic Polyurethane (Injection Molded Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Thermoplastic Polyurethane (Injection Molded Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Thermoplastic Polyurethane (Adhesives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Thermoplastic Polyurethane (Adhesives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Thermoplastic Polyurethane (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Thermoplastic Polyurethane (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Thermoplastic Polyurethane (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Thermoplastic Polyurethane (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Thermoplastic Polyurethane (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Thermoplastic Polyurethane (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Thermoplastic Polyurethane (Footwear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Thermoplastic Polyurethane (Footwear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Thermoplastic Polyurethane (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Thermoplastic Polyurethane (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Thermoplastic Polyurethane (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Thermoplastic Polyurethane (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Thermoplastic Polyurethane (Heavy Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Thermoplastic Polyurethane (Heavy Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Thermoplastic Polyurethane (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Thermoplastic Polyurethane (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Thermoplastic Polyurethane Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Thermoplastic Polyurethane Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Thermoplastic Polyurethane Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Thermoplastic Polyurethane Industry: SWOT Analysis
Figure 93: Global: Thermoplastic Polyurethane Industry: Value Chain Analysis
Figure 94: Global: Thermoplastic Polyurethane Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Thermoplastic Polyurethane Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Thermoplastic Polyurethane Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Thermoplastic Polyurethane Market Forecast: Breakup by Raw Material (in Million US$), 2022-2027
Table 4: Global: Thermoplastic Polyurethane Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Thermoplastic Polyurethane Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Thermoplastic Polyurethane Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Thermoplastic Polyurethane Market: Competitive Structure
Table 8: Global: Thermoplastic Polyurethane Market: Key Players


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