Thermoplastic Polyurethane (TPU) Market Size to Reach USD 5.9 Billion by 2034; Environmental Benefits Provided by Thermoplastic Polyurethane is Skyrocketing the Market Growth

Download Sample

Published Date: March 2025

Thermoplastic polyurethanes (TPUs) are a type of plastic produced through polyaddition reactions of diisocyanates with diols. They are soft and pliable on heating and harden on cooling, allowing multiple reprocessing without loss of structural integrity. The thermoplastic polyurethane market is growing due to its use in many industries, its environmental benefits, and its beneficial properties. In addition to this, TPU is durable, flexible, and resistant to abrasion, chemicals, and other elements, further contributing in the market expansion.

Thermoplastic Polyurethane (TPU) Market Segmentation Analysis:

By Type	Polyester TPU, Polyether TPU, and Polycaprolactone TPU
By Raw Materials	Diisocyanates, Polyols, Diols, Chain extenders, and Additives
By Application	Footwear, Automotive, Industrial, Medical, Electronics, Construction, and Others

Thermoplastic Polyurethane (TPU) Market Report Highlights:

Thermoplastic polyurethane (TPU) market size accounted for USD 2.7 Billion in 2024.
Target market is estimated to be USD 5.9 Billion by 2034 and will register a CAGR of 9%.
According to type, the polyester TPU is expected to dominate the market during the forecast period.
On the basis of raw materials, the diisocyanates segment is expected to hold the largest thermoplastic polyurethane (TPU) market share.
Contingent on application, the footwear segment is attributed to dominate the market.
Regionally, the Thermoplastic polyurethane (TPU) market is expected to expand rapidly in the North American region.

Thermoplastic Polyurethane (TPU) Market Dynamics:

Growing Factor	Challenge Factor	Market Trend
Beneficial Properties Of Thermoplastic Polyurethane	Moisture Sensitivity Of TPU	Integration Of Advanced Technologies With The Formation Of TPU

Thermoplastic Polyurethane (TPU) Market Key Highlights:

In September 2023, Trinseo, a materials solutions company, has introduced a new transparent thermoplastic elastomer (TPE) grade for footwear applications. The APILON 52 XB-75A CRISTALLO was Trinseo's first ester-based transparent thermoplastic polyurethane (TPU), and the company described it as a significant addition to its increasing line of fashion and footwear solutions.

Thermoplastic Polyurethane (TPU) Market Report Analysis:

Mechanical Properties of TPU:

Mechanical Properties	Typical Value	Test Method
Tensile Modulus	26 MPa	ASTM D638
Tensile Stress at Yield	8.6 MPa	ASTM D638
Tensile Stress at Break	39 MPa	ASTM D638
Elongation at Yield	55%	ASTM D638
Elongation at Break	580%	ASTM D638
Flexural Strength	-	-
Flexural Modulus	-	-
Izod Impact Strength, notched (at 23 ?C)	19.1kJ/m²	ASTM D256
Izod Impact Strength, unnotched (at 23 ?C)	-	-
Charpy Impact Strength, notched (at 23 ?C)	-	-
Hardness	95 (Shore A)	ASTM D2240

Browse ∼40 market data tables and ∼55 figures through ∼190 slides and in-depth TOC on “Thermoplastic Polyurethane (TPU) Market, By Type (Polyester TPU, Polyether TPU, and Polycaprolactone TPU), Raw Materials (Diisocyanates, Polyols, Diols, Chain extenders, and Additives), Application (Footwear, Automotive, Industrial, Medical, Electronics, Construction, and Others), and Region - Trends, Analysis, and Forecast till 2034”

For more insights into the Thermoplastic Polyurethane (TPU) Market and its future trends, visit the link: https://www.prophecymarketinsights.com/market_insight/thermoplastic-polyurethane-market-5521

Competitive Landscape of Thermoplastic Polyurethane (TPU) Market:

The key competitors competing in the market include BASF SE, Covestro AG, Huntsman Corporation, American Polyfilm, Inc., and Wanhua Chemical Group Co. Ltd., The Lubrizol Corporation, American Polyfilm, Inc., Epaflex Polyurethanes SpA, COIM Group, Mitsui Chemicals, Inc., Avient Corporation, Kent Elastomer Products, AMERICAN POLYFILM, INC., and Entec Polymers.