Zhong Guo Neng Yuan Wang·2026-01-19 00:54Core Insights - The TPU (Thermoplastic Polyurethane) market is expected to grow significantly, driven by its applications in humanoid robots, with consumption in China projected to rise from 447,000 tons in 2019 to 720,000 tons by 2024, reflecting a CAGR of 10% [1][4] - The introduction of Tesla's Optimus robot, which features soft covering materials, highlights the increasing importance of TPU in robotics, particularly for safety and interaction [2][4] Group 1: TPU Applications in Robotics - TPU materials are ideal for safety and shock absorption in humanoid robots, providing protection for internal components and suitable for high-contact scenarios [3] - The versatility of TPU allows for the production of non-load-bearing structural components, enhancing the manufacturing process through techniques like 3D printing [3] - TPU's properties make it suitable for protective and sealing applications in high-motion areas, such as joints and cables [3] Group 2: Market Growth and Investment Opportunities - The mass production of humanoid robots is anticipated to expand the TPU market significantly, with a potential market space exceeding 3 billion yuan when producing one million robots [4] - Companies with existing expertise in TPU manufacturing and partnerships with downstream robot manufacturers are positioned to benefit first from this growth [5] - Specific companies identified as beneficiaries include Kaizhong Co., Moulded Technology, and others involved in flexible covering materials and TPU production [5]