U.S. Bio-Based, Biodegradable Thermoplastic Urethanes System Market To Reach $424.83 Million By 2030

U.S. Bio-Based, Biodegradable Thermoplastic Urethanes System Market Growth & Trends

The U.S. bio-based, biodegradable thermoplastic urethanes system market is anticipated to reach USD 424.83 million by 2030 and is anticipated to expand at a CAGR of 4.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising demand for electric vehicles (EVs) and simultaneously increasing sales of EVs in the U.S. is anticipated to drive the market growth for bio-based, biodegradable thermoplastic urethanes system market.

The expansion of the footwear industry is a significant driving factor in the growth of the U.S. thermoplastic polyurethanes (TPU) market. TPUs are highly favored in footwear manufacturing due to their unique properties such as flexibility, durability, and abrasion resistance. As the U.S. footwear market grows, driven by increasing consumer demand for athletic, casual, safety, and specialized footwear, the need for advanced materials such as TPU rises correspondingly.

Additionally, the push for fuel efficiency and reduced emissions in the U.S. automotive sector is expected to increase the demand for TPUs. As automakers strive to meet stringent environmental regulations, they are turning to lightweight materials to reduce overall vehicle weight. TPUs, being significantly lighter than traditional materials such as rubber or metal, help in achieving weight reduction goals without compromising on performance. For example, replacing metal parts with TPU components in underbody systems or using TPU-based foams for sound insulation can lead to notable weight savings and improved fuel economy.

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U.S. Bio-Based, Biodegradable Thermoplastic Urethanes System Market Report Highlights

• Based on product, the conventional segment held the largest share, accumulating USD 86.40% market share in 2024. This can be attributed to its cost-effectiveness and high-performance attributes.

• Based on end use, footwear and apparel segment dominated the market in 2024, and is expected to grow at a significant CAGR over the coming years.

• Market players operating in market include BASF, Covestro AG, HEXPOL AB, Huntsman Corporation, and Trinseo, among others

U.S. Bio-Based, Biodegradable Thermoplastic Urethanes System Market Segmentation

Grand View Research has segmented the U.S. bio-based, biodegradable thermoplastic urethanes system market on the basis of product, and end use:

U.S. Bio-Based, Biodegradable Thermoplastic Urethanes System Product Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• Bioplastics Thermoplastic Urethanes System

• Conventional Thermoplastic Urethanes System

U.S. Bio-Based, Biodegradable Thermoplastic Urethanes System End Use Outlook (Revenue, USD Million, Volume, Kilotons, 2018 - 2030)

• Bioplastics Thermoplastic Urethanes System

  • Industrial

    • Automotive

    • Building & Construction

    • Packaging

    • Other End Uses

  • Military

• Conventional Thermoplastic Urethanes System

  • Footwear and Apparels

  • Medical Supplies

  • Sports Equipment

  • Building and Construction

  • Other End Uses

List of Key Players in the U.S. Bio-Based, Biodegradable Thermoplastic Urethanes System Market

• BASF

• Huntsman Corporation

• The Lubrizol Corporation

• Trinseo

• Covestro AG

• HEXPOL AB