PU Films Market is expected to grow at a CAGR of 8.5% in the forecast period of 2025 A Report With Major Market Competitors Like Covestro AG, Schweitzer-Mauduit International, 3M, AVERY DENNISON CORPORATION and more

PU Films Market is expected to grow at a CAGR of 8.5% in the forecast period of 2018-2025, rising from the value of USD 410 million in 2017 to an estimated value of USD 787.4 million in 2025. PU films are mainly used in luxurious cars and therefore with the rising disposable income of the world, the demand for luxurious cars is on the rise, therefore the demand for PU films will also rise.

Polyurethane Film is also commonly referred to as TPU, Urethane or PU film. Thermal Plastic Urethane was first developed in 1937 and has for decades been used in the manufacture of a unique class of films. There are several properties that make TPU films preferable to common films such as PP, PE and PVC are.

Advantages of TPU Film:
• Excellent elongation and tensile strengths
• Excellent elastomeric memory
• Excellent chemical and microbial resistance
• Excellent low temperature flexibility

There are three main chemical classes of TPU films. These include Polyester, Polyether and Polycaprolactone. In addition TPU films are available in aromatic or aliphatic varieties. Aromatic films are used in most consumer applications while aliphatic films are used in specialty applications that require high levels of optical clarity or specific adhesion properties.

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Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

The Global PU Films Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. In 2018, Covestro AG announced the expansion plans of its PU films production capacity in U.S., Germany, Thailand, and China. This is to meet the growing demand for PU films in the market. The company plans to invest more than USD 116 million at the above-mentioned locations.
The report includes market shares of PU Films Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors In PU Films Market
• Covestro AG
• Schweitzer-Mauduit International
• 3M
• AVERY DENNISON CORPORATION
• DingZing Advanced Materials
• American Polyfilm
• Carestream Health
• Coveris
• DUNMORE
• Erez Europe
• GERGONNE INDUSTRIE
• MH&W International Corp
• Nihon Matia
• Novotex Italiana
• PAR Group
• RTP Company
• Scorpion Protective Coatings
• Vreeberg elastic materials

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Market Drivers:
• The rising demand for high end luxury cars and premium passenger cars is directly affecting the demand for PU films market and is increasing its market growth
• With high disposable income of the world, purchasing power is at an all-time high and therefore, the demand for textile & leisure products is also a factor for PU films market growth

Market Restraints:
• High cost of PU films is making the small-scale manufacturers turn to PU blend films which are cheaper than their counterparts, this strategy is halting the market growth of the PU films market
• Demand for PU films in the APAC region is lowering due to their inclination towards adopting cheaper substitutes for their products, this factor is majorly halting the progress of PU films market in the region
Polyurethane (PU) films are used in various segments of the world and are majorly employed in luxury cars and aerospace industry. The rising disposable income of the world that has increased the purchasing power of the world is directly affecting the demand for PU films.
However, the high cost of PU films is turning the small-scale manufacturers and low income consumers to the low cost substitutes.

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