PU Films Market Growth Analysis | 2023-2028

Market Insights

The PU films market was estimated at USD 574.83 million in 2022 and is likely to grow at a CAGR of 8.7% during 2023-2028 to reach USD 950.86 million in 2028.

Want to know more about the market scope? Register Here

What are PU films?

PU films are also referred to as urethane films, TPU films, and also with its actual name Polyurethane films. The films are made of materials that are known to have a number of beneficial properties such as the variety of hardness, elongation quality, long-term durability, low-temperature flexibility, tensile strength, biocompatibility, environment-friendly, and abrasion-resistant.

PU films can function based on types such as Polyester or Polyether films or also thermoplastic-based or thermoset-based. These films are highly used in multiple industries such as textile, automotive, aerospace, medical, and many others.

Key Players

Some of the PU film manufacturers are-

• Covestro
• The 3M Company
• Avery Dennison Corporation
• Dingzing Advanced Materials Inc.
• Coveris Advanced Coatings
• Mh&W International
• Par Group

Market Dynamics

The rising demand for luxury and premium cars drives the growth of the PU films market globally. They are used in paint protection mainly by the automobile industry.

Want to have a closer look at this market report? Click Here.

Segments Analysis

By Type

Based on the type, the market is segmented as polyester PU films and polyether PU films. The polyester PU films segment is estimated to lead the market in the coming five years. The growth is attributed to the growing demand for polyester PU films in the textile & leisure industry due to their economical cost.

By Function Type

Based on the function type, the market is segmented as thermoplastic-based PU films and thermoset-based PU films. The thermoplastic-based PU film segment is estimated to have a higher growth during the forecast period. Its easy processability drives the growth of this segment.

By End-Use Industry Type

Based on the end-use industry type, the market is segmented as textile & leisure, automotive & aerospace, medical, and others. The textile & leisure segment is expected to lead the market in the coming five years. This growth is driven by its high demand from manufacturing industries.

Regional Insights

In terms of regions, Asia-Pacific is expected to lead the market for PU films in the coming five years. China and India are the growth engines of the region. The market is sustained by the increasing demand for PU films for paint protection by the automobile industry. Europe and North America also offer sizeable growth opportunities during the forecast period.

Know the high-growth countries in this report. Register Here

Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The PU films market is segmented into the following categories.

By Type

• Polyester PU Films
• Polyether PU Films

By Function Type

• Thermoplastic-based PU Films
• Thermoset-based PU Films

By End-Use Industry Type

• Textile & Leisure
• Automotive & Aerospace
• Medical
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Click Here, to learn the market segmentation details.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.