The global market for thermoplastic polyurethane adhesives is set for significant expansion over the coming years, underpinned by rising demand across diverse industries such as automotive, construction, electronics, and consumer goods. Increasing preference for lightweight, durable, and flexible bonding materials is fueling adoption, making TPU adhesives a vital component in next-generation manufacturing and product design.
According to industry data, the Thermoplastic Polyurethane Adhesive Market Size was valued at USD 1.32 Billion in 2023 and is expected to reach USD 2.43 Billion by 2032, growing at a CAGR of 7.07% over the forecast period of 2024–2032. This momentum highlights the expanding role of TPU adhesives in enabling energy-efficient production, high-performance assemblies, and sustainable product innovations.
Key Market Drivers
- Rapid Growth in Automotive Lightweighting and EV Manufacturing:
The automotive industry is increasingly shifting toward lightweight materials and components to improve fuel efficiency and extend electric vehicle (EV) range. Thermoplastic polyurethane adhesives provide superior bonding for dissimilar substrates such as plastics, composites, and metals, supporting the demand for advanced vehicle designs. With the EV market projected to grow at double-digit rates globally, TPU adhesives are becoming integral to battery assembly, interior components, and exterior body structures.
- Expanding Applications in Electronics and Consumer Goods:
The surge in consumer electronics, wearable devices, and smart gadgets is creating strong opportunities for TPU adhesives, prized for their flexibility, transparency, and chemical resistance. From smartphone screens and displays to flexible circuit boards and sensors, TPU adhesives ensure reliability and long-lasting performance. The ongoing miniaturization of electronics further accelerates the use of thin and durable adhesive solutions.
- Rising Demand in Footwear and Sportswear Manufacturing:
TPU adhesives are increasingly replacing traditional stitching and fastening methods in footwear production, delivering stronger bonds, aesthetic appeal, and design flexibility. Global sportswear and footwear brands are adopting these adhesives to enhance durability, reduce production time, and meet the growing consumer demand for performance-oriented products.
- Strong Growth in Construction and Infrastructure Projects:
Urbanization, particularly in Asia-Pacific, is boosting demand for high-performance adhesives in flooring, paneling, insulation, and other construction applications. TPU adhesives are favored for their strong adhesion to diverse substrates, resistance to moisture, and long-term durability, aligning with the needs of sustainable building materials.
- Sustainability and Regulatory Compliance Driving Adoption:
As industries face stricter regulations on volatile organic compounds (VOCs) and hazardous materials, TPU adhesives stand out as eco-friendly alternatives. Manufacturers are increasingly investing in water-based and solvent-free TPU adhesive solutions, which not only reduce emissions but also meet global sustainability goals and green certification standards.
Key Players
- Arkema
- Coim Group
- DIC Corporation
- Dongsung
- Epaflex Polyurethanes Spa
- Gerlinger Industries GmbH
- Great Eastern Resins Industrial Co. Ltd.
- B. Fuller
- Henkel AG & Co. KGaA
- Jowat SE
- Kraton Polymers
- Lanxess
- Miracll Chemicals Co. Ltd.
- Nanpao Resins Chemical Group
- Sika AG
- Sun Yang Global Co. Ltd.
- Taiwan PU Corporation
- Tianyang New Materials (Shanghai) Technology Co. Ltd.
- Xiamen Keyuan Plastic Co. Ltd.
- Yantai Linghua New Material Co. Ltd.
Conclusion
The thermoplastic polyurethane adhesive market is on a steady growth trajectory, supported by industry-wide transitions toward lightweight, flexible, and eco-friendly materials. With its unique balance of performance, versatility, and sustainability, TPU adhesive technology is set to play a central role in shaping future trends in automotive, electronics, construction, and consumer products. Market leaders that focus on innovation, product diversification, and strategic partnerships will be best positioned to capitalize on the growing opportunities across both developed and emerging markets.
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