PU Films Market to experience an impressive growth of 10.7 % during 2020-2025
February 03, 2020
PU films market is likely to witness an impressive CAGR of 10.7% during the forecast period. 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.
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PU Films Market Segment Insights:
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.
By Region:
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.
By 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, and Par Group.
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