PU Films Market by Type, Function, End-use sector and Region - 2023

The PU films market Global Industry Research Report is projected to reach USD 688.6 million by 2023, at a CAGR 8.9% from 2018. PU films possess advanced characteristics such as high abrasion & scratch resistance.

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The demand for PU films is therefore high in the automotive industry for the paint protection application. Also, the growing demand for luxury and premium passenger cars is expected to drive the PU films market during the forecast period. The increased global demand for textile & leisure products is one of the most significant factors driving the growth of the PU films market.

PU films have applications in windmill blades coating. The rapid growth in the installation of windmill power plants, owing to the increased demand for green energy and the depletion of fossil resources, is expected to present growth opportunities for the PU films market. Based on types, the PU films market has been segmented into polyester PU films and polyether PU films. The polyester PU films segment is projected to grow at a higher CAGR during the forecast period. The growth of the polyester PU films segment can be attributed to its lower cost than that of polyether PU films.

Based on end-use industry, the PU films market has been segmented into automotive & aerospace, medical, and textile & leisure. The textile & leisure end-use industry segment is estimated to account for the largest share of the PU films market in 2018, owing to the high demand for PU films for fiber lamination & coating, blackout & sealing tapes, sportswear coating, raincoats, and leather jacket coating.

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The demand for PU films in the medical industry is growing owing to the increased medical & healthcare expenditure across the globe. Thermoplastic-based PU films are expected to register higher demand during the forecast period owing to its high demand in the textile & leisure end-use industry, which is the major segment of the PU films market. The textile & leisure industry is expected to register the highest CAGR during the forecast period. The high penetration of PU films in this industry, along with the growing demand for textile & leisure products, is driving the PU films market.

The PU films market in APAC is projected to grow at the highest CAGR between 2018 and 2023. India is projected to be one of the high-growth potential markets for PU films in the APAC region. Increased investments made by the key automobile manufacturers, such as Mercedes-Benz and Maruti, to increase the production capacity of automobiles is expected to have a positive impact on the growth of the PU films market. The presence of huge textile manufacturing industry with increased demand for textile & leisure products is expected to drive the PU films market in India.

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List of Figures (37 Figures)

Figure 1 PU Films Market Segmentation

Figure 2 PU Films Market: Research Design

Figure 3 Market Size Estimation Methodology: Bottom-Up Approach

Figure 4 Market Size Estimation Methodology: Top-Down Approach

Figure 5 PU Films Market: Data Triangulation

Figure 6 Polyester PU Films Type to Account for the Largest Share of the PU Films Market

Figure 7 Thermoplastic-Based PU Films to Account for the Larger Share of the PU Films Market

Figure 8 Textile & Leisure to Be the Largest End-Use Industry of PU Films

Figure 9 PU Films Market, By Region

Figure 10 Attractive Opportunities in the PU Films Market

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