By Functions (Thermoset-Based PU Films, Thermoplastic-Based PU Films), Types (Polyether PU Films, Polyester PU Films, Polycaprolactone PU Films), End Users (Medical, Textile & Leisure, Automotive & Aerospace, Other), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
PU Films Market is expected to reach USD 1126.50million by 2029 in the forecasted period of 2020-2029 with a substantial CAGR 8.14%. This market is driven primarily by the growing automotive market and the increased consumption of PU films market. Due to its numerous advantages, including water, chemical, punching, abrasion and tearing resistance, strong tolerance and cooling temperature.
The increase in disposable income has led to an increase in demand for luxury cars in the last decade. Increasing purchasing power and improved supply profits have also enhanced the development of the sector are expected to drive the market in the forecasted period.
PU Films is a strong product and generally referred to as PU Polyurethane Film, Urethane Film, and TPU Thermoplastic Polyurethane. It finds use in many industry sectors, including manufacturing, transportation, aerospace, textiles, health care and others, owing to its tolerance to moisture, chemical and general power. The coating is the method by which a particular material is added to a surface by single or multilayer.
PU Films Market Scope and Market Size
PU Films Market has been segmented on the basis of function, type, end users.
On the basis of function, the PU Films Market is segmented into Thermoset-Based PU Films, Thermoplastic-Based PU Films.
Based on type, PU films market is segmented into polyether PU films, polyester PU films, and polycaprolactone PU films.
Basis of end users, the PU films market is segmented into medical, textile & leisure, automotive & aerospace, other.
Country Level Analysis of PU Films Market
On the basis of region, the PU Films Market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.
Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region.
North America holds the largest market share in the forecasted period. Improved agricultural production is driving market growth in countries such as the USA and Mexico. There are a considerable number of aerospace suppliers in the area, which contributes to market growth. The growing use of technologies such as animal identification tags is projected to further fuel market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.
Key Developments in the Market:
In October 2019, Garware Polyester Ltd has announced the launch of Paint Protection Films in India. This latest innovation will deliver the highest level of impact resistance in clear, self-healing paint protection films in an explanation from the press released that it is designed to provide the highest level of protection. In India these films are developed using innovative production techniques and the Garware Paint Security product is an in-house development brand, the business has pointed out. The Company claims that a specially formulated Thermoplastic Polyurethane (TPU) Film is made from Garware Paint Safety.
In January 2019, Covestro will present its new Baycusan eco series of biobased polyurethane film formers for the first time in France at the Cosmetagora trade fair in Paris on January 15 and 16. The Baycusan eco E 1000, which is the first commodity in the series, is produced from almost 60% recycled raw material and can be classified as natural ingredient according to ISO standard 16128, Part 1. The main goal was to reduce the impact on the marine ecosystem and offer high protection at the same time.
Competitive Analysis and PU Films Market Share Analysis:
PU Films Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of PU Films Market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
PU Films Market competitive landscape provides details by competitors. Details included are company overview which includes Company focus, business segment, product categories, revenue generated, and global presence. PU Films Market report also provides information on recent financials and R&D expenditures over the years from 2020 to 2029.
Key Market Competitors:
Few of the major competitors currently working in the PU Films Market are AMERICAN POLYFILM, INC., AVERY DENNISON CORPORATION., Carestream Health, Transcontinental Inc , Covestro AG, DingZing Advanced Materials Inc., DUNMORE, EREZ Thermoplastic Products, Nihon Matai Co.,Ltd., Novotex Italiana S.p.A., THE PAR GROUP, Permali, RTP Company, Vreeberg elastic materials, and many others.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved