PU Film Market Size Forecast to Reach $812.54 Million by 2026

September 09 15:38 2021
PU Film Market Size Forecast to Reach $812.54 Million by 2026
PU Films Market
Growth in the Market Is Due to the Increase in the Usage of PU Films in Different Applications Like Gaskets, Seals, Blackout Films

PU Film Market size is forecast to reach $812.54 million by 2026, after growing at a CAGR of 9% during 2021-2026. Polyurethanes are formed by reacting an alcohol with more than two reactive hydroxyl group for each molecule that is Polyol with a diisocyanate or polymeric isocyanate in presence of additives and catalysts. Different kinds of polyurethanes can be produced for different applications because of variety of diisocyanate and polyols. The Antimicrobial Polyurethane Films is compatible with all types of resins and offers antimicrobial grades of several of most popular films. TPU film is a flexible substrate that can be tailored to a wide range of performance requirements. The range of base chemical classes used in TPU contributes to its adaptability. Polyester, polyether, or polycaprolactone can all be used to extrude TPU films. The growth in the market is due to the increase in the usage of PU Films in different applications like gaskets, seals, blackout films, protective gears, etc. in various sectors like, building & construction, automotive, textile, medical, aerospace and others.

COVID-19 Impact

The emergence of COVID-19, which is declared a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. Currently the PU Film Market has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. This in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020. COVID-19 has the ability to have three significant impacts on the global economy: directly influencing production and demand, causing supply chain and consumer instability, and having a financial impact on companies and financial markets.

PU Film Market Segment Analysis – By Type

The Polyester Film held the largest share of 58% in the PU Film Market in 2020. Polyester PU films are viable with polar plastics, for example, PVC accordingly settling on them great decisions for a wide assortment of cover. These films are ordinarily found in mechanical covers, transport lines, texture overlays, geld cushions and clinical bundling. These are used because these films are excellent in fungal resistance, abrasion resistance, strength, durability and oil and chemical resistance.

PU Film Market Segment Analysis – By Lamination Method

Hot-melt Lamination held the largest share of 46% in the PU Film Market in the year 2020. The hot-melt lamination is used for the bonding of woven, non-woven, knitted fabrics and other substrates. The hot-melt lamination is done by applying a significant amount of heat and pressure. This laminate provides great wear and tear resistance and also a barrier for water resistance and breathability. The varied applications in which hot-melt lamination can be used are automotive, apparel, gadgets and gears and others.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=500409

Report Price: $ 4500 (Single User License)

PU Film Market Segment Analysis – By Function

Thermoplastic based PU Films held the largest share of 56% in the PU Film Market in 2020. Thermoplastic films are linear flexible coiled and rigid segment with urethane links in linear composition. The thermoplastic PU films are used in tear and abrasive applications. Thermoplastic urethane can be melted and reformed as it is highly elastic and flexible. The thermoplastic PU films are processed by injection molding, extrusion, and blow molding techniques. The thermoplastic PU films are based on polyester, polyether and polycaprolactone.

PU Film Market Segment Analysis – By Applications

Fabric lamination and protective gears and garments held the largest share of 36% in the PU Film Market in 2020. Polyurethanes can be turned into fine threads and can be combined with nylon for making lightweight and stretchable garments. Polyurethanes can be developed into polyurethane coatings, thermoplastic elastomers, and spandex fibers. The PU films are used because of abrasive resistance, heat resistance, hardness, and load-bearing capacity.

PU Film Market Segment Analysis – By End Use Industry

Textile Industry held the largest share in the PU Film Market in 2020 growing at a CAGR 5.6% of during the forecast period. The rise in textile industry is due to the new type of material and products used in the apparels due to the new built in technology. With the growing textile industry and its demand for PU Films particularly in the regions of Asia-Pacific, North America and Europe, the demand of PU films for all kinds of cloth material and medical aprons, medical packaging, and geld pads. Furthermore, R&D in PU Films will support the growth of the PU Film Market.

PU Film Market Segment Analysis – By Geography

Asia-Pacific (APAC) dominated the PU Film Market in year 2020 consisting share of 45%, followed by North America and Europe. APAC as a whole is set to continue to be one of the largest and fastest growing markets globally. In APAC, China is driving much of the PU Film Market demand in Asia-Pacific region followed by India and Japan. The strong and healthy growth in industrial sector is associated with the growing demand for the healthcare applications. Government of India also launched an Ayushman Bharat Pradhan Mantri Jan Arogya Yojana which is for delivering the healthcare service for 10 crore beneficiaries with treatment amounting for ?7,490 Crore. Currently, the PU Film industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020. 

PU Film Market Drivers

Rise in Demand for the enhanced PU Films in different industries

Industrialization has led to the increase in demand for PU Films in various industries for different purposes. The technological enhancement has led to increase in use of PU Film in different industries like textile, medical, automotive, coating and aerospace. The rising demand for automotive because of increase in disposable income among the middle-class economies has led to the growth in the automobile market and hence the PU films.

PU Film Market Challenges

Higher price of PU film

The price of PU Film is higher when compared with other substitutes and derivatives. Because of higher cost small scale manufacturers are not able to produce the original PU film but depend on the less expensive method of generation. Cost is a deciding factor for any product to rise in the Asia pacific region. In these regions the economies are price sensitive and people once can compromise for quality but not on price, which in turn is result in the decline of PU Film Market.

PU Film Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the PU Film Market. Major players in the PU Film Market are BASF SE, 3M Company, American PolyFilm Inc., Covestro AG, SWM International, Huntsman International LLC, PAR Group, Permali Gloucester Ltd., Lubrizol Corporation, Avery Dennison Corporation, and Others.

Key Takeaways

Asia Pacific dominates the PU Film Market owing to rapid increase in textile industry and medical industries.

The market drivers and restraints have been assessed to understand their impact over the forecast period.

The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications and end use industry in PU Film Market and their specific segmented revenue.

Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of PU Film Market related industries has been negatively affected, thus hampering the growth of the market.

Relevant Reports

A. Thermoplastic Polyurethane Films Market

https://www.industryarc.com/Report/18736/thermoplastic-polyurethane-films-market.html

B. Polyurethane Elastomers Market

https://www.industryarc.com/Report/1304/polyurethane-elastomers-market-analysis.html

For more Chemicals and Materials Market reports, please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services. 

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/

view more articles

About Article Author