Thermoplastic Polyurethane Market by Type (Polyester, Polyether, and Polycaprolactone), End-Use Industry (Automotive, Footwear, Engineering, Building & Construction, Wires & Cables, Hose & Tubing, and Medical), and Region - Global Forecast to 2021

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Date: 16-Mar-2017
No. of pages: 133
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“Increasing use of thermoplastic polyurethane (TPU) in the automotive industry is a prime factor for the growth of the thermoplastic polyurethane (TPU) market across the globe.”

The thermoplastic polyurethane (TPU) market is projected to reach USD 2.48 billion by 2021, at a CAGR of 6.8% from 2016 to 2021, in terms of value. Increased investments in new automotive manufacturing plants across the globe are fueling the growth of the thermoplastic polyurethane (TPU) market as thermoplastic polyurethane (TPU) is being increasingly used in  manufacturing interior and exterior components, such as panels for inner parts of hoods of automobiles (hoodliners), engine parts, and impact absorbers, among others. Higher costs of thermoplastic polyurethane as compared to conventional plastics, such as polyethylene (PE), polypropylene (PP), polyurethane, and others is expected to restraint the growth of the thermoplastic polyurethane (TPU) market between 2016 and 2021.

“Among types, the polycaprolactone segment of the thermoplastic polyurethane (TPU) market is projected to grow at the highest CAGR between 2016 and 2021.”

Among types, the polycaprolactone segment of the thermoplastic polyurethane (TPU) market
is projected to grow at the highest CAGR, in terms of volume and value during the forecast period, 2016 to 2021. Polycaprolactone possesses inherent toughness and resistance of polyester-based thermoplastic polyurethanes, combined with low temperature performance and relatively high resistance to hydrolysis, thereby enabling use of polycaprolactone in hydraulic and pneumatic seal applications.

“Increasing demand for thermoplastic polyurethane (TPU) from varied end-use industries is the major driver for the growth of the Asia-Pacific thermoplastic polyurethane (TPU) market.”

The Asia-Pacific thermoplastic polyurethane (TPU) market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. High economic growth rate, increase in the number of manufacturing industries, availability of cheap labor, increase in foreign investments, and rise in use of thermoplastic polyurethane across automotive, engineering, and footwear applications are some of the major factors expected to fuel the growth of the Asia-Pacific thermoplastic polyurethane (TPU) market. Countries, such as China, South Korea, Japan, and India, which are major hubs for production of automotive, are expected to drive the growth of the Asia-Pacific thermoplastic polyurethane (TPU) market during the forecast period.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted.

The breakdown of primary interviews is given below:


  • By Company Type - Tier 1-33%, Tier 2-60%, and Others-7%

  • By Designation – C-Level-56%, Director Level-33%, and Others-11%

  • By Region - North America-13%, Europe-47%, Asia-Pacific-20%, Middle East & Africa-13%, and South America-7%


The key companies profiled in this market research report are BASF Polyurethanes (Germany), The Lubrizol Corporation (U.S.), Covestro AG (Germany), Huntsman Corporation (U.S.), and Wanhua Chemical Group Co., Ltd. (China), among others.

Research Coverage

The thermoplastic polyurethane (TPU) market has been segmented on the basis of type, end-use industry, and region. This report covers the thermoplastic polyurethane (TPU) market, in terms of value as well as volume, and forecasts its size till 2021. The report also provides company profiles and competitive strategies adopted by the key players in the thermoplastic polyurethane (TPU) market to strengthen their position in the market.

The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the thermoplastic polyurethane (TPU) market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different verticals and regions.

  • It will help stakeholders to understand the pulse of the market and provide them with the information on key market drivers, restraints, challenges, and opportunities.

  • It will help stakeholders to understand their competitors and gain insights to improve their position in the business. The competitive landscape section includes new product launches, partnerships, and mergers & acquisitions.

Thermoplastic Polyurethane Market by Type (Polyester, Polyether, and Polycaprolactone), End-Use Industry (Automotive, Footwear, Engineering, Building & Construction, Wires & Cables, Hose & Tubing, and Medical), and Region - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the TPU Market
4.2 TPU Market, By End-Use Industry
4.3 TPU Market in Asia-Pacific, By Country and End-Use Industry
4.4 TPU Market Share, By Region
4.5 TPU Market, By Type

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By End-Use Industry
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growing Use of TPU in the Automotive Industry
5.3.1.2 Replacement of Conventional Materials By Tpu
5.3.1.3 Improving Economic Conditions
5.3.2 Restraints
5.3.2.1 High Cost of TPU in Comparison to Other Conventional Materials
5.3.2.2 Intense Competition From Compounding Plastics
5.3.3 Opportunities
5.3.3.1 Emerging Markets for Bio-Based Tpu
5.3.3.2 Replacement of PVC With TPU in the Medical Industry
5.3.4 Challenges
5.3.4.1 Difficulty in Processing TPU
5.3.4.2 Volatility in Crude Oil Prices

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 R&D
6.2.2 Raw Materials
6.2.3 Manufacturers/Formulators
6.2.4 Distributors
6.2.5 End-Use Industry
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Buyers
6.3.4 Bargaining Power of Suppliers
6.3.5 Intensity of Competitive Rivalry

7 TPU Market, By Raw Material
7.1 Introduction
7.2 Diisocyante
7.3 Polyols
7.4 Diols

8 TPU Market, By Type
8.1 Introduction
8.2 Polyester
8.3 Polyether
8.4 Polycaprolactone

9 TPU Market, By End-Use Industry
9.1 Introduction
9.2 Footwear
9.2.1 Shoe
9.2.2 Soles
9.2.3 Slippers
9.3 Engineering
9.3.1 Machinery Parts
9.3.2 Electronic Devices
9.4 Building & Construction
9.4.1 Roofing Membranes
9.4.2 Cured-In-Place Pipe
9.5 Automotive
9.5.1 Interior Body Parts
9.5.2 Exterior Body Parts
9.6 Hose & Tubing
9.6.1 Hoses
9.6.2 Organic Waste Pipes
9.6.3 Pneumatic & Brake Tube
9.7 Wires & Cables
9.7.1 Telecommunication
9.7.2 Transportation
9.7.3 Mining
9.8 Medical
9.8.1 Catheters
9.8.2 Medical Device Housing
9.8.3 Wound Care Products

10 TPU Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.1.1 U.S.: Economic Outlook, 2015
10.2.2 Canada
10.2.2.1 Canada: Economic Outlook, 2015
10.2.3 Mexico
10.2.3.1 Mexico: Economic Outlook, 2015
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 U.K.
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Thailand
10.4.6 Indonesia
10.4.7 Taiwan
10.4.8 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Economic Outlook, 2015
10.5.2 Saudi Arabia
10.5.3 South Africa
10.5.4 Rest of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of South America

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.2.1 BASF Polyurethanes GmbH (Germany)
11.2.2 Lubrizol Corporation (U.S.)
11.2.3 Covestro AG (Germany)
11.2.4 Huntsman Corporation (U.S.)
11.2.5 Wanhua Chemical Group Co., Ltd. (China)
11.3 Competitive Situation and Trends
11.3.1 New Product Launch
11.3.2 Investment & Expansion
11.3.3 Merger & Acquisition
11.3.4 Agreement, Partnership & Collaboration

12 Company Profiles
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 American Polyfilm, Inc.
12.2 BASF Polyurethanes GmbH (BASF SE)
12.3 Covestro AG
12.4 API Plastics
12.5 Hexpol AB
12.6 Huntsman Corporation
12.7 Kuraray Co., Ltd.
12.8 The Lubrizol Corporation
12.9 Polyone Corporation
12.10 Wanhua Chemical Group Co., Ltd.
12.11 Other Key Market Players
12.11.1 Coim Group
12.11.2 Headway Polyurethane Co. Ltd.
12.11.3 Miracll Chemical Co. Ltd.
12.11.4 Taiwan Sheen Soon

*Details Might Not Be Captured in Case of Unlisted Companies

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 TPU Market, By Type
Table 2 TPU Market, By End-Use Industry
Table 3 Cost Comparison of TPU vs Other Plastics
Table 4 TPU Market Size, By Type, 2014–2021 (USD Million)
Table 5 TPU Market Size, By Type, 2014–2021 (Kiloton)
Table 6 TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 7 TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 8 TPU Market Size, By Region, 2014–2021 (Kiloton)
Table 9 TPU Market Size, By Region, 2014–2021 (USD Billion)
Table 10 North America: TPU Market Size, By Country, 2014–2021 (Kiloton)
Table 11 North America: TPU Market Size, By Country, 2014–2021 (USD Million)
Table 12 North America: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 13 North America: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 14 U.S.: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 15 U.S.: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 16 Canada: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 17 Canada: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 18 Mexico: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 19 Mexico: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 20 Europe: TPU Market Size, By Country, 2014–2021 (USD Million)
Table 21 Europe: TPU Market Size, By Country, 2014–2021 (Kiloton)
Table 22 Europe: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 23 Europe: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 24 Germany: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 25 Germany: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 26 France: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 27 France: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 28 U.K.: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 29 U.K.: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 30 Italy: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 31 Italy: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 32 Spain: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 33 Spain: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 34 Russia: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 35 Russia: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 36 Rest of Europe: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 37 Rest of Europe: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 38 Asia-Pacific: TPU Market Size, By Country, 2014–2021 (USD Million)
Table 39 Asia-Pacific: TPU Market Size, By Country, 2014–2021 (Kiloton)
Table 40 Asia-Pacific: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 41 Asia-Pacific: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 42 China: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 43 China: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 44 Japan: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 45 Japan: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 46 South Korea: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 47 South Korea: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 48 India: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 49 India: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 50 Thailand: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 51 Thailand: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 52 Indonesia: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 53 Indonesia: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 54 Taiwan: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 55 Taiwan: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 56 Rest of Asia-Pacific: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 57 Rest of Asia-Pacific: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 58 Middle East & Africa: TPU Market Size, By Country, 2014–2021 (Kiloton)
Table 59 Middle East & Africa: TPU Market Size, By Country, 2014–2021 (USD Million)
Table 60 Middle East & Africa: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 61 Middle East & Africa: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 62 Saudi Arabia: TPU Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 63 Saudi Arabia: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 64 South Africa: TPU Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 65 South Africa: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 66 Rest of Middle East & Africa: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 67 Rest of Middle East & Africa: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 68 South America: TPU Market Size, By Country, 2014–2021 (Kiloton)
Table 69 South America: TPU Market Size, By Country, 2014–2021 (USD Million)
Table 70 South America: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 71 South America: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 72 Brazil: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 73 Brazil: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 74 Argentina: TPU Market Size, By End-Use Industry, 2014–2021 (Ton)
Table 75 Argentina: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 76 Rest of South America: TPU Market Size, By End-Use Industry, 2014–2021 (Kiloton)
Table 77 Rest of South America: TPU Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 78 New Product Launch, 2012–2016
Table 79 Investment & Expansion, 2012–2016
Table 80 Merger & Acquisition, 2012–2016
Table 81 Agreement, Partnership & Collaboration, 2012–2016

List of Figures

Figure 1 TPU: Market Segmentation
Figure 2 TPU Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 TPU Market: Data Triangulation
Figure 6 Polyester to Dominate the TPU Market
Figure 7 Medical Segment to Register the Highest CAGR During the Forecast Period
Figure 8 Asia-Pacific to Be the Fastest-Growing TPU Market
Figure 9 Attractive Opportunities in the TPU Market Between 2016 and 2021
Figure 10 Medical is the Fastest-Growing End-Use Industry of TPU
Figure 11 China Dominated the Asia-Pacific TPU Market in 2015
Figure 12 Asia-Pacific Accounted for the Largest Market Share in 2015
Figure 13 Polyester-Based TPU to Account for the Largest Market Share
Figure 14 TPU Market, By Region
Figure 15 Impact Analysis of the TPU Market
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the TPU Market
Figure 17 Global Automotive Sales Forecast Till 2017
Figure 18 Fluctuations in Prices of Crude Oil Between 2014 and 2016
Figure 19 Value Chain Analysis
Figure 20 Porter’s Five Forces Analysis
Figure 21 Polyester to Account for the Largest Market Share
Figure 22 Footwear Segment to Lead the TPU Market
Figure 23 India, China, Japan, and Brazil are Emerging as Strategic Locations for the TPU Market
Figure 24 North America Market Snapshot: U.S. Was the Key TPU Market in 2015
Figure 25 New Product Launch Was the Key Growth Strategy Adopted By Leading Companies
Figure 26 BASF Polyurethanes Accounted for the Largest Share of the TPU Market
Figure 27 Battle for Developmental Market Share: New Product Launch Was the Key Strategy
Figure 28 Covestro AG: Company Snapshot
Figure 29 Covestro AG: SWOT Analysis
Figure 30 Hexpol AB: Company Snapshot
Figure 31 Hexpol AB: SWOT Analysis
Figure 32 Huntsman Corporation: Company Snapshot
Figure 33 Huntsman Corporation: SWOT Analysis
Figure 34 Kuraray Co., Ltd.: Company Snapshot
Figure 35 The Lubrizol Corporation: SWOT Analysis
Figure 36 Polyone Corporation: Company Snapshot
Figure 37 Wanhua Chemical Group Co., Ltd.: SWOT Analysis

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