Thermoplastic Polyurethane (TPU) Adhesive Market Global Report 2026

The thermoplastic polyurethane (TPU) adhesive market size has grown strongly in recent years. It will grow from $1.21 billion in 2025 to $1.32 billion in 2026 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rising demand for flexible bonding materials, growing applications in automotive interiors, increasing adoption in footwear manufacturing, expanding use in textile lamination processes, and growing preference for durable adhesive solutions.

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 increasing demand for lightweight vehicle components, rising adoption of sustainable adhesive alternatives, growing integration in electric vehicle manufacturing, expanding applications in consumer electronics assembly, and increasing demand for advanced bonding solutions in industrial manufacturing. Major trends in the forecast period include growing development of high-performance TPU adhesive formulations, increasing 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, and growing preference for elastic adhesive solutions in high-stress applications.

The growth of automotive manufacturing activities is expected to propel the expansion of the thermoplastic polyurethane (TPU) adhesive market going forward. Automotive manufacturing activities refer to the range of industrial operations involved in converting raw materials into finished vehicles through design, production, assembly, and quality control processes. The growth in automotive manufacturing activities is attributed to increasing global vehicle demand, supported by urbanization and rising income levels, which are encouraging manufacturers to increase production capacity and enhance manufacturing capabilities to efficiently meet evolving market requirements. Thermoplastic polyurethane (TPU) adhesives contribute to automotive manufacturing activities by providing strong, flexible, and lightweight bonding solutions for vehicle components without requiring mechanical fasteners, thereby improving assembly efficiency, reducing vehicle weight, and enhancing durability and design flexibility during production processes. For instance, in January 2025, according to the China Association of Automobile Manufacturers (CAAM), a China-based non-profit industry association, China produced approximately 31.282 million vehicles in 2024, representing a 3.7% increase compared to 2023. Therefore, the growth of automotive manufacturing activities is contributing to the growth of the thermoplastic polyurethane (TPU) adhesive market.

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 produced from renewable biological resources, such as plant-based feedstocks, providing similar performance to conventional petroleum-based TPU with a reduced environmental footprint. In May 2024, Lubrizol Corp., a US-based chemicals company, launched 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 provides a fast-setting, toluene-free adhesive solution with excellent adhesion, high-temperature resistance, and hydrolysis resistance. It is also designed to provide enhanced processability, broad wettability, and extrusion capability, enabling manufacturers to reduce their carbon footprint while maintaining high-performance adhesive properties.

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 reinforce its specialty films business, broaden its portfolio of multilayer adhesive film solutions, and strengthen its presence across 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.

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.

Asia-Pacific was the dominating region in the thermoplastic polyurethane (TPU) adhesive market in 2025. North America is expected to be the rapidly growing region in the forecast period. The regions covered in the thermoplastic polyurethane (TPU) adhesive market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the thermoplastic polyurethane (TPU) adhesive market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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