Press release
Thermoplastic Polyurethane (TPU) Market to Grow at 7.4% CAGR, Reaching USD 6.9 Billion by 2034
Thermoplastic Polyurethane (TPU) Market
The Thermoplastic Polyurethane (TPU) Market is expanding rapidly as industries embrace high-performance, flexible, and recyclable materials for diverse applications. With major players like BASF SE, Covestro AG, and Lubrizol Corporation driving innovation, TPU is emerging as a key material in sustainable manufacturing and next-generation product design through 2034.
Download Full PDF Sample Copy of Market Report @
https://exactitudeconsultancy.com/request-sample/75666
What Is Thermoplastic Polyurethane (TPU)?
Thermoplastic Polyurethane (TPU) is a versatile elastomer known for its elasticity, transparency, abrasion resistance, and durability. Combining the best properties of rubber and plastic, TPU is widely used in automotive parts, footwear soles, cables, films, hoses, medical devices, and 3D printing.
Unlike conventional plastics, TPU can be melt-processed and recycled, making it a preferred material in sustainable and circular manufacturing processes.
Key Players in the Market
Leading global chemical and materials companies are investing in product diversification, sustainability, and advanced compounding technologies. Prominent players include:
• BASF SE
• Covestro AG
• Lubrizol Corporation
• Wanhua Chemical Group Co., Ltd.
• Huntsman Corporation
• COIM Group
• Mitsui Chemicals, Inc.
• Tosoh Corporation
• Epaflex Polyurethanes Spa
• Kuraray Co., Ltd.
These companies are expanding production capacities, developing bio-based TPU formulations, and partnering with downstream manufacturers in automotive and consumer goods sectors.
Explore Full Report here:
https://exactitudeconsultancy.com/reports/75666/thermoplastic-polyurethane-tpu-market
Key Events in the Last 5 Years
• 2020: BASF introduced Elastollan® N Series, a bio-based TPU for sustainable automotive and sportswear applications.
• 2021: Covestro expanded its TPU production capacity in Changhua, Taiwan, to meet rising Asia-Pacific demand.
• 2022: Lubrizol launched ESTANE® 3D TPU M95A for flexible 3D printing components.
• 2023: Wanhua Chemical introduced high-transparency TPU grades for wearable devices and electronics.
• 2024: Growing investment in recyclable and low-carbon TPU compounds aligns with global sustainability mandates.
Market Growth Outlook
According to Exactitude Consultancy, the Thermoplastic Polyurethane (TPU) Market is projected to reach USD 6.9 billion by 2034, growing at a CAGR of 7.4% from 2024 to 2034.
This growth is fueled by rising demand in automotive lightweighting, sportswear durability, electronics flexibility, and green construction materials. The increasing integration of TPU in EV components, medical tubing, and 3D-printed parts further accelerates market expansion.
Market Segmentation and Growth Analysis
By Type:
• Polyester TPU
• Polyether TPU
• Polycaprolactone TPU
By Application:
• Automotive
• Footwear
• Wires & Cables
• Medical Devices
• Building & Construction
• Industrial Machinery
• Consumer Electronics
By End-User Industry:
• Transportation
• Healthcare
• Consumer Goods
• Industrial Manufacturing
Among these, polyether-based TPU dominates due to superior hydrolysis resistance and flexibility, while polyester-based TPU is favored in automotive and footwear segments for its strength and durability.
Get Your Exclusive Offer with up to 10% Discount :
https://exactitudeconsultancy.com/checkout/?currency=USD&type=single_user_license&report_id=75666
Key Market Drivers
• Rising demand for sustainable materials: Manufacturers are shifting from PVC and rubber to eco-friendly, recyclable TPU.
• Automotive innovation: Lightweight TPU components improve vehicle performance and reduce emissions.
• Booming footwear industry: TPU offers high comfort, abrasion resistance, and design flexibility for athletic and casual shoes.
• Technological advancements: TPU is increasingly used in 3D printing, wearables, and medical devices for superior adaptability.
• Rapid industrialization in Asia-Pacific: Expanding manufacturing capacity in China and India strengthens TPU supply chains.
Regional Insights
• Asia-Pacific dominates the market, accounting for the largest share due to strong industrial infrastructure and rising consumer product demand.
• North America follows, supported by automotive innovation and sustainable materials R&D.
• Europe emphasizes eco-friendly TPU adoption under stringent environmental policies.
• Latin America and Middle East & Africa are emerging markets as industrialization and urbanization accelerate.
Conclusion
The Thermoplastic Polyurethane (TPU) Market is positioned for sustained growth as industries pursue performance-driven, lightweight, and sustainable materials. The ongoing transition toward bio-based TPU, electric mobility applications, and additive manufacturing underscores the material's versatility and future relevance.
Manufacturers investing in circular production processes and advanced compounding technology will be best placed to lead this market through 2034.
This report is also available in the following languages : Japanese (熱可塑性ポリウレタン(TPU)市場), Korean (열가소성 폴리우레탄(TPU) 시장), Chinese (热塑性聚氨酯(TPU)市场), French (Marché du polyuréthane thermoplastique (TPU)), German (Markt für thermoplastisches Polyurethan (TPU)), and Italian (Mercato del poliuretano termoplastico (TPU)), etc.
Request for a sample of this research report at (Use Corporate Mail ID for Quick Response) @
https://exactitudeconsultancy.com/request-sample/75666
Our More Reports:
Process Pipe Coating Market
https://exactitudeconsultancy.com/reports/5154/process-pipe-coating-market
Ultrasoft Thermoplastic Elastomer Market
https://exactitudeconsultancy.com/reports/5484/ultrasoft-thermoplastic-elastomer-market
Biodegradable Mulch Films Market
https://exactitudeconsultancy.com/reports/6668/biodegradable-mulch-film-market
Industrial PU Elastomer Market
https://exactitudeconsultancy.com/reports/7067/industrial-pu-elastomer-market
About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
https://bulletin.exactitudeconsultancy.com/
https://www.thehealthanalytics.com/
https://www.analytica.global/
https://www.marketintelligencedata.com/
https://www.marketinsightsreports.com/
https://exactitudeconsultancy.com/
Connect Us:
Irfan Tamboli
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermoplastic Polyurethane (TPU) Market to Grow at 7.4% CAGR, Reaching USD 6.9 Billion by 2034 here
News-ID: 4254919 • Views: …
More Releases from Exactitude Consultancy
Cold Planer Market Sees Consistent Growth Supported by Global Road Rehabilitatio …
The global cold planer market is experiencing steady growth as governments and private contractors increase spending on road rehabilitation, resurfacing, and infrastructure modernization. Cold planers, also known as milling machines, are widely used to remove damaged asphalt and concrete surfaces efficiently, supporting sustainable road construction practices.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/request-sample/68250
Key Market Highlights
• Increasing focus on road maintenance and resurfacing projects
• Growing demand for efficient and precision milling…
Credit Management Software Market Accelerates as Organizations Focus on Risk Mit …
The global credit management software market is witnessing robust growth as organizations across industries adopt digital solutions to manage credit risk, improve receivables performance, and strengthen financial controls. Credit management software enables businesses to automate credit scoring, monitor customer creditworthiness, and streamline collections processes.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/request-sample/68248
Key Market Highlights
• Growing adoption of automated credit risk assessment tools
• Increasing focus on working capital and cash flow management
• Integration…
Session Border Controller Market Expands Rapidly as Enterprises and Telecom Oper …
The global session border controller (SBC) market is experiencing strong growth as telecom operators and enterprises increasingly deploy SBC solutions to secure, manage, and optimize real-time IP communications. SBCs play a critical role in protecting voice over IP (VoIP), unified communications (UC), and multimedia sessions from cyber threats while ensuring interoperability and quality of service.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/request-sample/68246
Key Market Highlights
• Growing adoption of VoIP and…
Biofuel Market Including E-Methane and Sustainable Aviation Fuel Gains Strong Tr …
The global biofuel market, encompassing e-methane, sustainable aviation fuel (SAF), and other advanced biofuels, is witnessing robust growth as governments and industries intensify efforts to reduce carbon emissions and transition toward cleaner energy sources. These fuels play a critical role in achieving net-zero targets while enabling decarbonization of hard-to-abate sectors such as aviation, shipping, and heavy transportation.
Download Full PDF Sample Copy of Market Report @ https://exactitudeconsultancy.com/request-sample/68244
Key Market Highlights
• Rapid growth of…
More Releases for TPU
High-Performance Soft TPU Modifier for Matte TPU Films | Soft-Touch, Non-Sticky, …
You've adjusted the formulation, slowed the cooling rate, and even changed the resin grade - but the TPU film still ends up sticky, not soft enough, and prone to color loss after aging. These persistent drawbacks limit design freedom, reduce visual appeal, and undermine performance stability. What if the solution didn't require redesigning your entire process, and instead came from enhancing the TPU material itself? SILIKE Soft TPU Modifier particles(https://www.si-tpv.com/soft-modified-tpu-particle-series/)…
Global Demand for TPU Filament From China Spurs New TPU Filament Manufacturer In …
The global movement towards additive manufacturing is revolutionizing supply chains and product development cycles across multiple industrial sectors, leading to rapid adoption of high-performance materials like Thermoplastic Polyurethane (TPU). TPU filament in particular is notable for its combination of elasticity, durability and chemical resistance - something which Chinese producers are taking advantage of by investing heavily and diversifying into flexible polymers manufacturing as part of a competitive edge they possess…
Application of TPU Material in Humanoid Robots
TPU (Thermoplastic Polyurethane) [https://www.ytlinghua.com/polyether-tpu/] has outstanding properties such as flexibility, elasticity, and wear resistance, making it widely used in key components of humanoid robots like exterior covers, robotic hands, and tactile sensors. Below are detailed English materials sorted out from authoritative academic papers and technical reports:
1. Design and Development of an Anthropomorphic Robotic Hand Using TPU Material [https://www.ytlinghua.com/polyether-tpu/]The paper presented here approaches to solve the complexity of an anthropomorphic robotic…
TPU (Thermoplastic Polyurethane) Main Industry Applications
TPU (Thermoplastic Polyurethane [https://www.ytlinghua.com/t3-series-tpu/]) is a versatile material with excellent elasticity, wear resistance, and chemical resistance. Here are its main applications :
1. Footwear Industry - Used in shoe soles, heels, and upper parts for high elasticity and durability. - Commonly seen in sports shoes, outdoor footwear, and casual shoes to enhance shock absorption and grip.
2. Automotive Sector [https://www.ytlinghua.com/polyester-type-tpu-h3-series-product/] - Manufactures seals, gaskets, and weather strips for their flexibility and resistance…
Addressing the Limitations of Traditional TPU and Innovations for EV Charging Ca …
TPU is a versatile material known for its hardness and elasticity, making it popular in various applications. However, traditional TPU faces challenges in meeting the specific performance demands of industries such as automotive, consumer goods, and medical devices. These challenges include inadequate surface quality, high hardness levels limiting flexibility, and a lack of desirable tactile properties, which can impact user experience and product longevity.
Solutions: Modified TPU Technology
The modification of TPU…
Professional 3d printing manufacturer for TPU
What is TPU
TPU is a stands for Thermoplastic Polyurethane. It is a subset of TPE and is a soft polyether type polyurethane that comes in a range of hardness grades. At the same time, TPU also as the one of material be commonly used in injection industry. But today we want to show you another craft to process TPU, that is 3D Printing. Have you ever thought about 3D…
