The PU Films Market has an estimated value of USD 476.3 million as of 2018 and with a CAGR of 8.9% is projected to reach USD 863.1 million by 2026. 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.
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.
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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 2018, 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 2018. Textiles & leisure is expected to be the fastest-growing market segment during the forecast period 2019-2026 with a CAGR of 8.4%.
North America held a is the highest revenue generator holding a market revenue share of 32.24% in 2018 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 2018, 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.
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).
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 2026. 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, 2016-2026)
Function Outlook (Revenue in USD Million; Volume in Tons, 2016-2026)
End-Use Outlook (Revenue in USD Million; Volume in Tons, 2016-2026)
Textile & Leisure
Regional Outlook (Revenue in USD Million; Volume in Tons, 2016-2026)
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
Key takeaways of this Market report:
- The report enumerates the most vital market drivers, restraints, opportunities, threats, and challenges.
- The report reviews the regulatory framework for creating new opportunities in various regions of the market and focuses on the new revenue streams for the players in the emerging markets.
- It elaborates on the new, promising arenas in the leading market regions.
- The report studies the recent research & development projects, along with the technological innovations in the key regional segments.
- The report highlights the potentially market-disrupting technological advancements and business models that are poised to take the market to an all-new level of growth.
- It offers details in the rising revenue share and size of the leading product segments of the market during the forecast period.
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