PU Films Market Size, Share, Trends, Growth 2032

PU Films Market: Overview

The global pu films market size was evaluated at $981.4 million in 2023 and is slated to hit $1,509.50 million by the end of 2032 with a CAGR of nearly 4.90% between 2024 and 2032.

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The study includes drivers and restraints of the PU films market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the PU films market on a global level.

PU Films Market: Growth Factors

The PU films market is expected to witness remarkable growth over the forecast time period, due to increased product demand from several industries, such as automotive, textile, etc. PU films are widely accepted in these industries due to their excellent physical strength, surface texture, breathability, elongation, conformability, etc. Elongation is one of the most favorable properties of PU films, which makes them withstand around 600% elongation without breaking before returning to its original dimensions after being stretched. Polyurethane films are durable as they are manufactured in the absence of plasticizers, hence preventing the leaching of hazardous compounds. This, in turn, attribute makes it a favorable product to be used by the medical industry.

The flourishing automotive industry in several regions across the globe is expected to be one of the major driving factors for the growth of the global PU films market in the future. The rising disposable income and increasing population have led to the increased demand for passenger cars and vehicles. High elasticity, grease resistance, and low-temperature performance are the major attributes of PU films that make it an ideal product for applications in the automotive industry.

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Moreover, the demand from the healthcare industry is expected to further propel the growth of the global PU films market within the forecast time period. In the healthcare industry, PU films are used in wound care components, medical tapes, surgical gowns, and drapes, etc. However, the high cost of PU films as compared to the other substitute products may hamper the market growth in the upcoming years. Alternatively, some manufacturers opt for low-priced and inferior quality PU films to reduce cost.

In order to give the users of this report a comprehensive view of the PU films market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, product, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.

PU Films Market: Segmentation

The study provides a decisive view of the PU films market by segmenting the market based on type, function, end-user industry, and region.

By type, the global PU films market is segmented into polyester and polyether. On the basis of function, the market is segmented into thermoplastic-based PU films and thermoset-based PU films. The end-user industries of the global PU films are automotive and aerospace, textile and leisure, medical, and others.

PU Films Market : Report Scope

PU Films Market: Regional Insights

The regional segment includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

By region, Asia Pacific was the largest PU films market globally in 2018 and accounted for the highest market share both in terms of both revenue and volume. This is due to the region’s huge population base, which has increased the demand for passenger cars, and the growing luxury cars market.

PU Films Market: Competitive Space

The global PU films market profiles key players such as:

• SWM International
• 3M Company
• Covestro
• Avery Dennison
• Dingzing Advanced Materials
• Dunmore
• Coveris Advanced Coatings
• Mh&W International
• Par Group
• Permali

This report segments the global PU films market into:

Global PU Films Market: Type Analysis

• Polyester
• Polyether

Global PU Films Market: Function Analysis

• Thermoplastic-Based
• Thermoset-Based

Global PU Films Market: End-Use Industry Analysis

• Automotive and Aerospace
• Textile and Leisure
• Medical
• Others

Global PU Films Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa