Thermoplastic Polyurethane (TPU) Market
Description
Thermoplastic Polyurethane (TPU) Market Summary
The global thermoplastic polyurethane (TPU) market size was estimated at USD 2.34 billion in 2025 and is expected to reach USD 3.95 billion by 2033, growing at a CAGR of 6.8% from 2026 to 2033. The growth is fueled by the increasing need for lightweight, durable, and flexible materials in the automotive and consumer electronics sectors.
Furthermore, the expanding range of applications in healthcare and sports equipment, the growing use of TPU in 3D printing, and the development of sustainable materials are significant factors contributing to this growth. In the TPU industry, polyester- and polyether-based TPUs are the two main chemistries, which differ in their molecular structures and resulting performance features. Polyester TPU is known for its high tensile strength, excellent abrasion resistance, and outstanding load-bearing capacity, making it ideal for automotive parts, industrial hoses (both interior and exterior), belts, footwear soles, and protective films. However, polyester TPU has comparatively lower resistance to hydrolysis and microbial attacks, which restricts its application in environments that are consistently humid or exposed to water over extended periods.
In contrast, polyether TPU offers excellent resistance to hydrolysis, flexibility in low temperatures, and improved resistance against fungi and microbes. These attributes make polyether TPU the favored option for medical devices, jacketing for wires and cables, wearable technology, and uses in outdoor or moisture-exposed environments. Although polyether TPU typically exhibits slightly lower mechanical strength and abrasion resistance than polyester TPU, its ability to withstand harsh environmental conditions encourages its rapid adoption in healthcare, electronics, and specialty film applications.
Global Thermoplastic Polyurethane (TPU) Market Report Segmentation
This report forecasts volume & revenue growth at the global, regional, and country levels and analyzes the latest industry trends and opportunities across sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global thermoplastic polyurethane (TPU) market report based on type, end use, and region:
The global thermoplastic polyurethane (TPU) market size was estimated at USD 2.34 billion in 2025 and is expected to reach USD 3.95 billion by 2033, growing at a CAGR of 6.8% from 2026 to 2033. The growth is fueled by the increasing need for lightweight, durable, and flexible materials in the automotive and consumer electronics sectors.
Furthermore, the expanding range of applications in healthcare and sports equipment, the growing use of TPU in 3D printing, and the development of sustainable materials are significant factors contributing to this growth. In the TPU industry, polyester- and polyether-based TPUs are the two main chemistries, which differ in their molecular structures and resulting performance features. Polyester TPU is known for its high tensile strength, excellent abrasion resistance, and outstanding load-bearing capacity, making it ideal for automotive parts, industrial hoses (both interior and exterior), belts, footwear soles, and protective films. However, polyester TPU has comparatively lower resistance to hydrolysis and microbial attacks, which restricts its application in environments that are consistently humid or exposed to water over extended periods.
In contrast, polyether TPU offers excellent resistance to hydrolysis, flexibility in low temperatures, and improved resistance against fungi and microbes. These attributes make polyether TPU the favored option for medical devices, jacketing for wires and cables, wearable technology, and uses in outdoor or moisture-exposed environments. Although polyether TPU typically exhibits slightly lower mechanical strength and abrasion resistance than polyester TPU, its ability to withstand harsh environmental conditions encourages its rapid adoption in healthcare, electronics, and specialty film applications.
Global Thermoplastic Polyurethane (TPU) Market Report Segmentation
This report forecasts volume & revenue growth at the global, regional, and country levels and analyzes the latest industry trends and opportunities across sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global thermoplastic polyurethane (TPU) market report based on type, end use, and region:
- Type Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Polyester-based TPU
- Polyether-based TPU
- Polycaprolactone-based TPU
- Other types
- End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Footwear
- Automotive & Transportation
- Industrial & Machinery
- Electronics & Electrical
- Medical & Healthcare
- Other end-uses
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Asia Pacific
- China
- Japan
- South Korea
- India
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
120 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
- Chapter 3. Thermoplastic Polyurethane (TPU) Market Variables, Trends & Scope
- 3.1. Global Thermoplastic Polyurethane (TPU) Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Porter’s Five Forces Analysis
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrant
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.7.6. Legal Landscape
- Chapter 4. Thermoplastic Polyurethane (TPU) Market: Type Outlook Estimates & Forecasts
- 4.1. Thermoplastic Polyurethane (TPU) Market: Type Movement Analysis, 2025 & 2033
- 4.2. Polyester-based TPU
- 4.2.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 4.3. Polyether-based TPU
- 4.3.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 4.4. Polycaprolactone-based TPU
- 4.4.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 4.5. Other types
- 4.5.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- Chapter 5. Thermoplastic Polyurethane (TPU) Market: End-Use Outlook Estimates & Forecasts
- 5.1. Thermoplastic Polyurethane (TPU) Market: End-Use Movement Analysis, 2025 & 2033
- 5.2. Footwear
- 5.2.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 5.3. Automotive & Transportation
- 5.3.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 5.4. Industrial & Machinery
- 5.4.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 5.5. Electronics & Electrical
- 5.5.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 5.6. Medical & Healthcare
- 5.6.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- 5.7. Other end-uses
- 5.7.1. Market estimates and forecast, 2021 - 2033 (Kilotons) (USD Million)
- Chapter 6. Thermoplastic Polyurethane (TPU) Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Thermoplastic Polyurethane (TPU) Market: Regional Movement Analysis, 2025 & 2033
- 6.3. North America
- 6.3.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.3. U.S.
- 6.3.3.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.3.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.4. Canada
- 6.3.4.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.4.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.5. Mexico
- 6.3.5.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.3.5.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.3. Germany
- 6.4.3.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.3.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.4. France
- 6.4.4.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.4.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.5. UK
- 6.4.5.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.5.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.6. Italy
- 6.4.6.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.6.2. and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.7. Spain
- 6.4.7.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.4.7.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.3. China
- 6.5.3.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.3.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.4. South Korea
- 6.5.4.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.4.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.5. Japan
- 6.5.5.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.5.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.6. India
- 6.5.6.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.5.6.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.6.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.6.3. Brazil
- 6.6.3.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.6.3.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.6.4. Argentina
- 6.6.4.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.6.4.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.7.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.7.3. Saudi Arabia
- 6.7.3.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.7.3.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.7.4. UAE
- 6.7.4.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.7.4.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, by type, 2021 - 2033 (Kilotons) (USD Million)
- 6.7.5.2. Market estimates and forecast, by end-use, 2021 - 2033 (Kilotons) (USD Million)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Ranking
- 7.4. Heat Map Analysis
- 7.5. Company Market Share Analysis, 2023
- 7.6. Market Strategies
- 7.7. Vendor Landscape
- 7.7.1. List of raw material suppliers, key manufacturers, and distributors
- 7.7.2. List of prospective end-users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. BASE SE
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Benchmarking
- 7.9.2. Covestro AG
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Product Benchmarking
- 7.9.3. Wanhua Chemical Group Co., Ltd.
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Benchmarking
- 7.9.4. Lubrizol Corporation
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Product Benchmarking
- 7.9.5. American Polyfilm, Inc.
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Benchmarking
- 7.9.6. Epaflex Polyurethanes SpA
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Benchmarking
- 7.9.7. Miracll Chemicals Co., Ltd.
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Benchmarking
- 7.9.8. COIM Group
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Product Benchmarking
- 7.9.9. Huntsman Corporation
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Product Benchmarking
- 7.9.10. Mitsui Chemicals, Inc.
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Benchmarking
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