Global Polyurethane (PU) Films Market, By Material (Polyester Polyurethane (PU) Films, Polyether Polyurethane (PU) Films), Function (Thermoset-based PU Films, Thermoplastic-based Polyurethane (PU) Films), End-User (Automotive and Aerospace, Textile and Leisure, Medical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Polyurethane (PU) Films Market
The polyurethane (PU) films market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 9.6% in the above-mentioned forecast period.
The polyurethane (PU) films (also referred to as urethane film) are basically the typical dressing utilized to protect wounds and keep moist conditions around the wound as an occlusive dressing. They are used in various industries such as pharmaceutical, food and beverages, automobiles and others as these films provides high strength and high moisture resistant properties to the products.
The factors such as extensive usage of polyurethane films for patient care, in surgical applications and laboratories, increasing population and growing demand for luxury cars and premium passenger are the root cause fueling up the market growth rate in the forecast period of 2022 to 2029. The factors expected to cushion the growth of the polyurethane (PU) films market in the forecast period are the growing awareness regarding health and hygiene, diversity in the usage of polyurethane (PU) films in end-user industries and owing to its usage in textile and leisure industry due to its high tensile strength and high flexibility along with its usage in the construction industry as it enhances the durability of the products due to its high tensile strength which will further carve the way for the growth of market in the forecast period of 2022 to 2029. Moreover, its various beneficial properties such as the low-temperature flexibility, water/chemical/tear resistance and is best suited for dry cleaning coupled with the factors such as it provides microbial resistance property to the products are further expected to cushion the overall markets growth in the forecast period of 2022 to 2029. On the other hand, the higher costs of these films are expected to impede the growth of the polyurethane (PU) films market. The availability of other substitutes is also projected to hamper market’s overall growth.
The growing advancements and innovations by various market players are estimated to generate numerous opportunities for the market in the forecast period of 2022 to 2029. On the flip side, the growing demand for polyurethane blend films is projected to pose as a major challenge to the growth of the polyurethane (PU) films market.
This polyurethane (PU) films market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyurethane (PU) films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyurethane (PU) Films Market Scope and Market Size
The polyurethane (PU) films market is segmented on the basis of material, function and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of material, the PU films market is segmented into polyester polyurethane (PU) films and polyether PU films.
- On the basis of function, the PU films market is segmented into thermoset-based polyurethane (PU) films and thermoplastic-based polyurethane (PU) films.
- On the basis of end-user, the polyurethane (PU) films market is segmented into automotive and aerospace, textile and leisure, medical, others.
Polyurethane (PU) Films Market Country Level Analysis
The polyurethane (PU) films market is analyzed and market size, volume information is provided by material, function and end- user as referenced above.
The countries covered in the polyurethane (PU) films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the polyurethane (PU) films market owing to the high demand from the defense and aerospace sector within the region in the forecast period of 2022 to 2029. Europe on the other hand, will continue to however show lucrative growth within the forecast period owing to the increasing luxury car sales in the region.
The country section of the polyurethane (PU) films market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyurethane (PU) Films Market Share Analysis
The polyurethane (PU) films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyurethane (PU) films market.
Some of the major players operating in the polyurethane (PU) films market report are 3M, AVERY DENNISON CORPORATION, DingZing Advanced Materials Inc., American Polyfilm Inc., SK global chemical Co. Ltd., TotalEnergies, GS Caltex India, Galp, Marathon Petroleum Corporation, Shell, PAR Group, RTP Company, Scorpion Coatings., Idemitsu Kosan Co. Ltd., COSMO ENERGY HOLDINGS Co. Ltd., CITGO Petroleum Corporation, and Valero, among others.
Recent Developments
In June 2021, Nexeo Plastics, a market leader in thermoplastic resin distribution, announced a partnership with Covestro AG, a polycarbonate and polyurethane-based raw materials manufacturer. This partnership aims to bring Addigy® FPB 2684 3D Polycarbonate/ABS 3D printing filament to market.
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