Expanded Thermoplastic Polyurethane companies

  • Report ID: 3131
  • Published Date: Jul 31, 2025
  • Report Format: PDF, PPT

Key Expanded Thermoplastic Polyurethane Market Players:

    The global expanded thermoplastic polyurethane market is derived from the leading three suppliers, BASF SE, Covestro AG, and Lubrizol Corporation. These companies cover over 41% of the market. Businesses are implementing strategic development such as capacity expansion, R&D, and mergers in order to enhance competition.  BASF and Covestro are focused on developing bio-derived ETPU grades to help meet sustainability requirements, while the Huntsman Corporation is developing new lines in the U.S. and Europe. In South Korea, Mitsui Chemicals and SKC are improving thermo-plastic polyurethane blending technologies. On the other hand, companies based in India and/or Malaysia are focusing on regional automotive and footwear applications to seek market expansion more ergonomically.

    Some of the key players operating in the market are listed below:

    Company Name

    Country of Origin

    Approx. Market Share (%)

    BASF SE

    Germany

    19%

    Lubrizol Corporation

    USA

    15%

    Covestro AG

    Germany

    13%

    Huntsman Corporation

    USA

    10%

    Wanhua Chemical Group Co., Ltd.

    China

    9%

    Hexpol AB

    Sweden

    xx%

    American Polyfilm Inc.

    USA

    xx%

    Polyurethane Manufacturers Association

    USA

    xx%

    Coim Group

    Italy

    xx%

    Mitsui Chemicals & SKC Polyurethanes Inc.

    South Korea

    xx%

    Tosoh Corporation (Malaysia Operations)

    Malaysia

    xx%

    Arlanxeo

    Netherlands

    xx%

    Miracll Chemicals Co. Ltd.

    China

    xx%

    Era Polymers Pty Ltd

    Australia

    xx%

    Sheela Foam Limited

    India

    xx%

    Here are a few areas of focus covered in the competitive landscape of the market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

The expanded thermoplastic polyurethane market size was USD 2.5 billion in 2024.

The global expanded thermoplastic polyurethane market size was USD 2.5 billion in 2024 and is likely to reach USD 5.1 billion by the end of 2034, expanding at a CAGR of 7.7% over the forecast period, i.e., 2025-2034.

BASF SE, Lubrizol Corporation, Covestro AG, Huntsman Corporation, Wanhua Chemical Group Co., Ltd., Hexpol AB, American Polyfilm Inc., Polyurethane Manufacturers Association, Coim Group, Mitsui Chemicals & SKC Polyurethanes Inc., and Tosoh Corporation (Malaysia Operations) are some key players in the market.

The automotive segment is expected to hold a leading share during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 33.8% during the forecast period.
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