Prof Research published a new market report on Thermoplastic Polyurethane (TPU). It presents the largest 12 manufacturers in the TPU market. The report is a professional and in-depth study on the current state of the global TPU market with a focus on the Chinese market. The report provides key statistics on the market of TPU. It is a valuable source of guidance and direction for companies and individuals interested in the TPU industry.

The global TPU market was valued to be 2,837.51 million USD in 2020. The TPU production value is anticipated to have grown with a CAGR of 8.51% in the coming years to reach 4,631.58 million USD in 2026.

BASF is the largest manufacturer of TPU in the world, it has a market share of 27.71% in value. BASF SE is a Germany-based chemical company. The Company operates through six segments, which include Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions.

Lubrizol is the second-largest manufacturer of TPU in the world, it has a market share of 19.43% in value. The Lubrizol Corporation is a provider of specialty chemicals for the transportation, industrial and consumer markets. Lubrizol Corporation is broken down into three business segments: Lubrizol Additives, Lubrizol Advanced Materials, and Corporate Ventures.

Covestro is the third-largest manufacturer of TPU in the world, it has a market share of 12.65% in value. Covestro AG is a Germany-based company engaged in the manufacturing of polymer materials. As of July 1, 2021, Covestro restructures the former three segments Polyurethanes (PUR), Polycarbonates (PCS), and Coatings, Adhesives, Specialties (CAS) to form the two segments “Solutions and Specialties” and “Performance Materials”. The solutions and Specialties segment comprises the six business entities Tailored Urethanes, Thermoplastic Polyurethanes, Coatings and Adhesives, Elastomers, Engineering Plastics, and Specialty Films. Performance Materials business entity forms a separate segment comprising businesses with Standard Polycarbonates, Standard Urethane Components and Base Chemicals.

Wanhua is the fourth largest manufacturer of TPU in the world, it has a market share of 7.86% in value. Wanhua Chemical Group Co., Ltd., formerly Yantai Wanhua Polyurethanes Co., Ltd., is a China-based company, principally engaged in the manufacture and distribution of chemical products. The Company's main products are diphenylmethane diisocyanate (MDI), including pure MDI and polymerized MDI, applied in the manufacture of polyurethane (PU). The Company's products also include petrochemicals, functional materials and specialty chemicals.