Thermoplastic Polyurethane (TPU) Adhesive Market Report 2026

Thermoplastic Polyurethane (TPU) Adhesive Market Overview

• Thermoplastic Polyurethane (TPU) Adhesive market size has reached to $1.21 billion in 2025 • Expected to grow to $1.86 billion in 2030 at a compound annual growth rate (CAGR) of 8.9% • Growth Driver: Expansion Of Automotive Manufacturing Activities Driving The Market Growth Due To Rising Vehicle Production And Lightweight Assembly Demand • Market Trend: Growing Focus On Bio-Based Resin Innovation For Sustainable And High-Performance Adhesive Solutions • Asia-Pacific was the largest region in 2025 and North America is the fastest growing region.

What Is Covered Under Thermoplastic Polyurethane (TPU) Adhesive Market?

Thermoplastic polyurethane (TPU) adhesive is a type of adhesive made from TPU polymers that softens when heated and solidifies upon cooling to form a strong bond. It is known for its high flexibility, elasticity, and resistance to abrasion and chemical exposure. This combination of properties allows it to maintain bond strength even under repeated mechanical stress and temperature variations. The main types of thermoplastic polyurethane (TPU) adhesive include solvent based, water based, hot melt, and other types. Solvent based refers to a polyurethane adhesive formulation dissolved in organic solvents that provides strong bonding, flexibility, and durability across a wide range of substrates. These adhesives are compatible with plastic, metal, wood, fabric, and glass substrates and are available in granules, powder, liquid, and other forms. They are distributed through direct sales, distributors and wholesalers, and online sales channels and are utilized in end-use industries including consumer goods, automotive and transportation, electronics, packaging, construction, textile and apparel, and others.

What Is The Thermoplastic Polyurethane (TPU) Adhesive Market Growth Forecast?

The thermoplastic polyurethane (TPU) adhesive market size is expected to see strong growth in the next few years. It will grow to $1.86 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing demand for lightweight vehicle components, increasing adoption of sustainable adhesive alternatives, rising integration in electric vehicle manufacturing, expanding applications in consumer electronics assembly, increasing demand for advanced bonding solutions in industrial manufacturing. Major trends in the forecast period include increasing development of high performance tpu adhesive formulations, growing adoption of flexible bonding solutions for lightweight materials, rising demand for durable adhesive solutions with enhanced chemical resistance, increasing innovation in heat activated tpu adhesive technologies, growing preference for elastic adhesive solutions in high stress applications.

What Is The Driver Of The Thermoplastic Polyurethane (TPU) Adhesive Market?

The expansion of automotive manufacturing activities is expected to propel the growth of the thermoplastic polyurethane (TPU) adhesive market going forward. Automotive manufacturing activities encompass all industrial operations required to transform raw materials into finished vehicles through design, production, assembly, and quality assurance processes. Automotive manufacturing activities are increasing due to rising global demand for vehicles, driven by urbanization and improving income levels, which pushes manufacturers to scale production and expand capacity to meet growing market needs efficiently. Thermoplastic polyurethane (TPU) adhesives support automotive manufacturing activities by enabling strong, flexible, and lightweight bonding of components without the need for mechanical fasteners, which improves assembly efficiency, reduces vehicle weight, and enhances durability and design flexibility in production processes. For instance, in January 2025, according to the China Association of Automobile Manufacturers (CAAM), a China-based non-profit industry association, in 2024, China produced about 31.282 million vehicles, up 3.7% from 2023. Therefore, the expansion of automotive manufacturing activities is driving the growth of the thermoplastic polyurethane (TPU) adhesive industry.

Key Players In The Global Thermoplastic Polyurethane (TPU) Adhesive Market

Major companies operating in the thermoplastic polyurethane (tpu) adhesive market are BASF SE, The Lubrizol Corporation, Huntsman International LLC, Wanhua Chemical Group Co. Ltd., H.B. Fuller Company, Arkema S.A., DIC Corporation, Sika AG, Henkel AG & Co. KGaA, Songwon Industrial Co. Ltd., Coim S.p.A., Tianyang New Materials (Shanghai) Technology Co. Ltd., Nan Pao Resins Chemical Co. Ltd., Great Eastern Resins Industrial Co. Ltd., Taiwan PU Corporation, Mitsui Chemicals Inc., Sun Yang Global Co. Ltd., Miracll Chemicals Co. Ltd., American Polyfilm Inc., Epaflex Polyurethanes S.p.A., Gerlinger Industries GmbH, Singhal Industries Private Limited, 7Spectrum Polymers India Private Limited, Kurmy Corporations, Xuchuan Chemical (Suzhou) Co. Ltd.

Global Thermoplastic Polyurethane (TPU) Adhesive Market Trends and Insights

Major companies operating in the thermoplastic polyurethane (TPU) adhesive market are focusing on developing innovative solutions, such as bio-based thermoplastic polyurethane (TPU) resin, to reduce environmental impact, lower carbon emissions, and enhance the sustainability and performance of adhesive formulations. Bio-based thermoplastic polyurethane (TPU) resin is a TPU material made from renewable biological resources, such as plant-based feedstocks, offering similar performance to conventional petroleum-based TPU with a reduced environmental footprint. For instance, in May 2024, Lubrizol Corp., a US-based chemicals company, launched a Pearlbond ECO 590 HMS TPU, a new bio-based thermoplastic polyurethane (TPU) resin for hot melt adhesives (HMAs) and extrusion applications. The resin contains up to 59% bio-based content and offers a fast-setting, toluene-free adhesive solution with excellent adhesion, high-temperature resistance, and hydrolysis resistance. It is also designed to provide improved processability, wide wettability, and extrusion capability, enabling manufacturers to reduce their carbon footprint while maintaining high-performance adhesive properties.

What Are Latest Mergers And Acquisitions In The Thermoplastic Polyurethane (TPU) Adhesive Market?

In August 2025, Covestro AG, a Germany-based manufacturer of high-quality polymer materials and their components, acquired Pontacol AG for an undisclosed amount. Through this acquisition, Covestro aims to strengthen its specialty films business, expand its portfolio of multilayer adhesive film solutions, and enhance its presence in key end-use industries such as medical technology, textiles, mobility, and industrial applications. Pontacol AG is a Switzerland-based manufacturer of thermoplastic adhesive films, including thermoplastic polyurethane (TPU)-based hot melt adhesive films, used for bonding textiles, composites, automotive materials, electronics, and industrial laminates.

What Defines the Thermoplastic Polyurethane (TPU) Adhesive Market?

The thermoplastic polyurethane (TPU) adhesive market consists of sales of thermoplastic polyurethane (TPU) adhesive films, thermoplastic polyurethane (TPU) adhesive granules, and thermoplastic polyurethane (TPU) reactive adhesive systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the adhesives, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Thermoplastic Polyurethane (TPU) Adhesive Market Report 2026?

The thermoplastic polyurethane (tpu) adhesive market research report is one of a series of new reports from The Business Research Company that provides thermoplastic polyurethane (tpu) adhesive market statistics, including thermoplastic polyurethane (tpu) adhesive industry global market size, regional shares, competitors with a thermoplastic polyurethane (tpu) adhesive market share, detailed thermoplastic polyurethane (tpu) adhesive market segments, market trends and opportunities, and any further data you may need to thrive in the thermoplastic polyurethane (tpu) adhesive industry. This thermoplastic polyurethane (tpu) adhesive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.