According to the current analysis of Reports and Data, the PU Films Market has an estimated value of USD 565.3 Million as of 2020 and with a CAGR of 8.3% is projected to reach USD 1,076.9 Million by 2028. The market is mainly driven by the expanding automobile market and the rise in consumption of PU films by the industry due to various advantages it offers like as water, chemical, puncture, abrasion and tear resistance, high resilience, and cool temperature resistance.
The market is segmented on type, function, and end-use industry. Based on the region, the market is divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The Asia Pacific and North America were the largest revenue-generating markets for the review period.
PU Films is a strong product and generally referred to as PU Polyurethane Film, Urethane Film, and TPU Thermoplastic Polyurethane. Due to its resistance to moisture, chemical, and overall strength, it finds application to several industries, including construction, automobile, aerospace, textile, healthcare, and others. The coating is the process of applying single or multilayer of a specific compound onto a surface. Polyurethane has been used in coatings for their compressive and thermal behavior, structure designing, and other aspects. PU film coatings of textiles are designed to improve functional properties of materials and to create specific properties. PU Polyurethane Film has become an important aspect of manufacturing advanced substrates for its better adhesion between the substrate, corrosion resistance, wet-ability, wear & tear, and many other properties.
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Key participants include Covestro AG (Germany), SWM International (US), 3M Company (US), Avery Dennison Corporation (US), DingZing Advanced Materials Inc. (Taiwan), MH&W International Corporation (US), PAR Group (UK), and RTP Company (US).
The report provides a basic overview of the industry including definitions, segmentation, drivers, constraints, opportunities, threats, challenges, investment opportunities, and industry chain structure. This market analysis also considers competitive landscape analysis, development trends, and key regions development status. Development plans and policies are discussed, as well as cost structures are also analyzed. This report also shows supply and demand Figures, cost, price, revenue, and gross margins.
Further key findings from the report suggest
- PU Films market is growing at a CAGR of 9.8% in the Asia Pacific, followed by North America and Europe, with 8.6 % and 8.7% CAGR, respectively. Rising demand for luxury cars and passenger cars across the globe is the key factor to accelerate market growth during the forecast period across all regions.
- As of 2020, the polyester PU films type segment is the dominating pruritus therapeutics which holds 41.4% of the global market.
- The automotive sector held the highest market share of 22.7% in 2020. Textiles & leisure is expected to be the fastest-growing market segment during the forecast period 2019-2028 with a CAGR of 8.4%.
- North America held a is the highest revenue generator holding a market revenue share of 32.24% in 2020 due to the presence of multiple leading aerospace and component manufacturers in the region.
- Europe held a 22.3% share of the global PU films market in 2020, due to the increasing luxury car sales of leading car companies like Audi and BMW in the region.
- Various limitations like higher costs, availability of cheaper substitutes, low penetration of foam material, and CO2 emissions is likely to hinder the market growth during the forecast period.
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Segments Covered in this Report:
This report predicts revenue growth and CAGR at a global, regional & country level, and analyzes the markets by studying the drivers, constraints, opportunities, threats, challenges, investment opportunities, products, uses, trends, market shares in each of the sub-segments from 2016 to 2028. For the purpose of study, I have segmented the global PU films market report based on product type, function, end-use, and region:
Product Type (Revenue in USD Million; Volume in Tons, 2020-2028)
- Polyether
- Polyester
Function Outlook (Revenue in USD Million; Volume in Tons, 2020-2028)
- Thermoplastic based
- Thermoset based
End-Use Outlook (Revenue in USD Million; Volume in Tons, 2020-2028)
- Automotive
- Textile & Leisure
- Aerospace
- Medical
- Construction
- Others
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Regional Outlook (Revenue in USD Million; Volume in Tons, 2020-2028)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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