Global PU Films Market Is Expected to Reach USD 888.0 Million In 2026

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The global PU films market was valued at USD 485.8 million in 2018 and is expected to reach USD 888.0 million in 2026, growing at a CAGR of 9.0% during the forecast period.

PU Films are used for water and wind proof application in several end-use industries including medical, textile & leisure, automotive & aerospace and other. The growth of the PU films market is primarily driven by the rising demand for passenger and luxury vehicles, globally, as PU films are mostly consumed for the paint protection application in the automotive industry. Besides, PU films are widely used as surface protection movies in wind turbine blades to safeguard the blades from exposed environmental components, hostile conditions and high velocity. As a result, a growing amount of wind power plants are also fueling demand for PU films. However, the elevated price of PU films creates a significant obstacle to its development in the industry.

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The polyester PU film segment expected to dominate the market throughout the forecast period Based on the type, the global PU films market has been segmented into polyester PU films and polyether PU films. The polyester PU films segment accounted for a larger market share in the global PU Films market owing to its high demand across textile and leisure sector. Additionally, it is available in low cost compared to polyether PU films, which primarily influence the demand for the polyester PU films.

Based on function, the thermoplastic-based PU films segment is expected to grow at a CAGR of around 9.5% throughout the forecast period Based on the function, the market has been segmented into thermoplastic-based PU films and thermoset-based PU films. The thermoplastic-based PU films is expected to be the largest and faster segment in the global PU films market during the forecast period.

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The growth of thermoplastic-based PU films segment is primarily attributed to its easier processability and its major application coverage. Based on end-use industry, the textile & leisure segment is expected to lead during the forecast period Based on end-use industry, the market has been segmented into automotive & aerospace, textile & leisure, and medical. The textile & leisure application segment is expected to dominate the market in 2018 and further lead the market during the forecast period.

The demand for PU films in the textile industry is mainly driven by its waterproof and windproof characteristics. These characteristics, the thin PU film is added to polyester weave to produce polyurethane laminate that is further used in outerwear, diapers, shower curtains, etc. Asia-Pacific to dominate the PU Films market throughout the forecast period Asia-Pacific is expected to register nearly 38% market share of the global PU films market in 2018 and further expected to dominate the market during the forecast period.

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The growth in the automotive and textile manufacturing industry in emerging economies such as India, South Korea, Malaysia, and China is the main factor for the growth of the region. Furthermore, the growing production for luxury and premium automobiles in the Asia-Pacific countries, which expected to create export opportunities for the region. Also, the PU films are used as the main material for paint protection applications in the automotive industry.

These all factors are attributed for the growth of the market in the Asia-Pacific region in the coming years.Company Profiles and Competitive Intelligence:The key players functioning in the global PU films market are 3M Company (US), SWM International (US), Covestro (Germany), Dunmore (US), Coveris Advanced Coatings (US), Mh&W International (US), Avery Dennison (US), Dingzing Advanced Materials (Taiwan), and Par Group (UK) among others.

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