세계의 열가소성 폴리우레탄(TPU) 시장 데이터 및 수요 분석 : 유형별, 용도별, 예측 분석(2034년)

The global Thermoplastic Polyurethane (TPU) market is set to expand from around USD 3 billion in 2024 to nearly USD 5 billion by 2032, at a CAGR of 5.4%. This growth is largely driven by increased use across key industries like footwear, automotive, electronics, and healthcare. TPU offers a combination of plastic and rubber-like properties, making it highly flexible, durable, and impact-resistant-ideal for varied end-use applications.

Thermoplastic polyurethanes (TPUs) are versatile polymers known for their elasticity, durability, and resistance to abrasion and chemicals. Combining properties of rubber and plastic, TPUs are widely used in footwear, automotive parts, medical devices, and industrial applications. Their recyclability and flexibility make them ideal for both rigid and soft product designs.

One of TPU's key advantages is its ease of processing using standard injection molding and extrusion techniques. It can be molded into products like cables, films, sheets, and tubes, and also formulated into coatings and adhesives. This adaptability contributes to its wide acceptance across industrial sectors seeking lightweight and high-performance materials.

TPU Demand, by Application

TPU is widely used as a replacement for PVC and rubber and its primary use remains in the footwear sector due to its strength, flexibility, and resistance to wear. In the automotive sector, TPU is used for making gear knobs, dashboard parts, protective films, and other interior and exterior components. It's also used in electronics, medical devices, and industrial hoses due to its toughness and resistance to chemicals and temperature changes.

Footwear is the largest segment using TPU, where it's applied in midsoles, outsoles, and performance shoe designs. In automobiles, TPU is gaining traction for luxury model components like body panels, door trims, rocker panels, and seat barriers. These uses are rising thanks to TPU's ability to replace heavier and less flexible materials, contributing to fuel efficiency and modern design requirements.

In the automotive sector, TPU is increasingly used in gear knobs, dashboard parts, instrument panels, protective films, cable jackets, and under-the-hood components, owing to its resistance to wear, oils, and heat. Its lightweight nature also helps reduce vehicle weight, supporting fuel efficiency. The electronics industry uses TPU in protective smartphone and laptop cases, cables, and connectors, where both flexibility and shock resistance are required. In the medical field, TPU is valued for its biocompatibility, making it suitable for catheters, tubes, and other medical devices.

Regional Demand Trends

Asia-Pacific remains the leading region in thermoplastic polyurethane (TPU) production and consumption, accounting for over 50% of global demand as of 2024. This dominance is driven by the region's rapid industrial growth, rising consumer demand, and strong presence of key end-use industries. China, in particular, plays a critical role, with its expanding automotive, footwear, electronics, and industrial manufacturing sectors fueling steady TPU demand. The country's position as a global manufacturing hub makes it a prime location for both domestic consumption and exports of TPU-based products. Other emerging economies like India, Vietnam, and Indonesia are also contributing to regional growth, thanks to growing investments in infrastructure, manufacturing, and consumer goods. Rising urbanization and a growing middle class in these countries have led to higher demand for durable, lightweight, and high-performance materials.

Leading Manufacturers

Major global TPU producers include BASF, Covestro, Lubrizol, Huntsman, COIM Spa, Wanhua, and Kimaya. These companies operate production facilities across regions, including Europe, North America, and Asia-Pacific. New players and joint ventures in countries like Turkey and China are also adding capacity to meet rising global demand.

Recent Developments and Investments

In 2024, BASF launched a new TPU manufacturing plant in Zhanjiang, China, to support demand from automotive and energy sectors. The company also introduced new TPU grades for EV busbar and automotive coatings. Lubrizol developed a TPU material for industrial 3D printing, while Covestro opened a new production line in Taiwan and initiated a large-scale TPU plant project in Zhuhai, China. These developments show the industry's focus on innovation, sustainability, and scaling up to serve high-growth markets.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Footwear
• Industrial
• Building & Construction
• Automotive
• Electrical & Electronics
• Medical
• Others

5. Introduction to Thermoplastic Polyurethanes (TPU) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Thermoplastic Polyurethanes (TPU) Demand Analysis, By Application (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018- 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Thermoplastic Polyurethanes (TPU) Market, By Application
• Footwear
• Industrial
• Building & Construction
• Automotive
• Wire & Cable
• Medical
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Thermoplastic Polyurethanes (TPU) Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Thermoplastic Polyurethanes (TPU) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• Lubrizol
• Covestro
• BASF
• Huntsman
• COIM Spa
• Wanhua
• Ravago Kimaya
• Evermore Chemical Industry Co., Ltd.
• Sunko Ink
• Coating Chemical Industry Co. (CCIC)
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries