Sarasota, FL -- (SBWire) -- 03/28/2019 --According to the report, the global PU films market was valued at approximately USD 443 million in 2018 and is expected to generate USD 766 million by 2025, at a CAGR of around 8.2% between 2019 and 2025.
PU films are used in various applications for their flexibility, excellent physical strength, surface texture, breathability, elongation, conformability, etc. They are used in very thin gauges and heavy gauges. The films in thin gauges are used in wound care and dressings and films in heavy gauges are used in bullet-resistant glass, etc.
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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. In the healthcare industry, PU films are used in wound care components, medical tapes, surgical gowns, and drapes, etc. 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. 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.
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. The automotive and aerospace segment held the largest share of the global PU films market in 2018, owing to the excellent performance of PU films in low-temperature applications. The textile and leisure segment is likely to be the fastest growing in the future, due to the flourishing textile industry.
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.
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Some key players operating in the global PU films market include SWM International, 3M Company, Covestro, Avery Dennison, Dingzing Advanced Materials, Dunmore, Coveris Advanced Coatings, Mh&W International, Par Group and Permali, among others.
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
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Global PU Films Market Is Anticipated to Reach Around USD 766 Million by 2025
PU Films Market by Type (Polyester and Polyether), by Function (Thermoplastic-Based and Thermoset-Based), and by End-Use Industry (Automotive & Aerospace, Textile & Leisure, Medical, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025