Global PU Films Market Size, Insights, Drivers, Opportunities, By Type (Polyester, Polyether), By Function (Thermoplastic-Based, Thermoset-Based), By End Use (Automotive and Aerospace, Textile and Leisure, Medical, Others), By Region, Growth, Trends and Forecast from 2019 to 2027
Global PU Films Market Size, Insights, Drivers, Opportunities, By Type (Polyester, Polyether), By Function (Thermoplastic-Based, Thermoset-Based), By End Use (Automotive and Aerospace, Textile and Leisure, Medical, Others), By Region, Growth, Trends and Forecast from 2019 to 2027
Historic years: 2015 to 2017 Base Year: 2018 Forecast Years: 2019 to 2027
Number of pages: 100 Category: Chemicals Report Id: MISCH5006
Market Insights
The global PU films market size was valued at USD 460.88 million in 2018 and is estimated to reach a value of USD 1,092.79 million in 2027. The market is analyzed to rise at a CAGR of 10.07% over the forecast period of 2019 to 2027. The segment is driven by the consumer demand for the protection of the paint in the applications such as automotive and textile industry. Moreover, the rise in the sales of the premium and luxury passenger cars in the automotive sector is attributed to the rise in the growth of the market over the forecast period.Global PU films market size by region, 2018 (USD Million)
Primary and secondary researchers have identified Covestro, SWM International, 3M Company, Avery Dennison, and DingZing Advanced Materials as the key players in the global PU films industry. However, upon analysis of this segment, factors like company revenue, industry trends plays an important role in selecting a particular group.
The growth in the segment is anticipated by its features such as excellent physical strength, conformability, flexibility, surface texture, elongation, breathability, etc. across various applications. The competition is high in the PU films due to which the number of cheap substitutes are available in the industry. The entry of new players creates the demand of the new developments in the PU films, thereby anticipating the growth of the product over the forecast period.
Type Insights
Polyester type is estimated to be the largest segment holding a share of about 60.97% share In 2018, the polyester market was estimated to be USD 281.02 million and is expected to reach USD 633.47 million in 2027 with a CAGR of 9.45% over the forecast period of 2019 to 2027. The low cost of the product and the high demand in the leisure and textile sector drives the growth of the segment over the forecast period. Moreover, features such as excellent flexibility and resistance of the polyether type contributes to the growth of CAGR of about 10.98% over the forecast period of 2019 to 2027.Function Insights
Thermoplastic-based functions is estimated to be the largest segment holding a share of about 76.24% share in the market. In 2018, the thermoplastic-based market was estimated to be USD 351.39 million and is expected to reach USD 791.93 million in 2027 with a CAGR of 9.45% over the forecast period of 2019 to 2027. The rise in the sales due to the easy processability and its vast range of applications drives the growth of the segment over the forecast period. Moreover, the high resistance and the structural integrity in the thermoset based segment makes it to grow at a fastest CAGR of 11.89% over the forecast period of 2019 to 2027.End Use Insights
Textile and leisure sector are the largest end use segment and is expected to grow at a CAGR of 9.72% over the forecasted period of 2019 to 2027. The rising production in the textile industry along with the sales in the leisure products fuels a higher demand in the market. The rise in the sales of passenger and commercial vehicles in automotive sector anticipates it to grow at a fastest CAGR of 11.45% over the forecast period.Global PU films market value share by end use, 2027 (%)
Regional Insights
As of 2018, Asia Pacific accounts for the largest share in the PU films market, with a share of over 38.44% of the global market. The larger inclination of the commercial and passenger vehicles along with the growth in industrial sector along the textile work provides the region, a reasonable demand from the global market. The rise of the automotive sector in countries such as U.S. and Canada drive the fastest growth of the region at a CAGR of 11.17% in the market over the forecast period. The report is a thorough study which includes top companies, their annual presentations, industry publications, press releases and their drivers, opportunities, trends and the market understanding through different modes (Type, Function, End Use and Regional analysis) with growth factors and future expectancies in the PU films market.Research Methodology
The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.Segments covered in the report
Type Outlook- Polyester
- Polyether
- Thermoplastic-Based
- Thermoset-Based
- Automotive and Aerospace
- Textile and Leisure
- Medical
- Others
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- All market drifts, drivers and opportunities
- Understanding the dynamics of the parent market
- Prime fluctuations of the business dynamics
- Historical, current, and projected size of the market with respect to production and sales
- Segmentation and comprehensive analysis in the second or third level
- Reporting and evaluation of recent industry developments
- Detailed profiling of leading companies
- Opportunities to newer trends in global, regional and country markets
- Analyzing the trajectory line of the business