The global pu films market size was evaluated at $981.4 million in 2023 and is slated to hit $1,509.50 million by the end of 2032 with a CAGR of nearly 4.90% between 2024 and 2032.
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The PU films market is predicted to rise significantly throughout the forecast period, driven by growing product demand from a variety of industries, including automotive and textiles. PU films are frequently used in various industries due of their high physical strength, surface texture, breathability, elongation, and conformability. Elongation is one of the most advantageous qualities of PU films, as it allows them to sustain around 600% elongation without breaking before reverting to their original dimensions after stretching. Polyurethane films are long-lasting because they are made without plasticizers, which prevents the leaching of harmful substances. This, in turn, makes it a desirable product for use in the medical industry.
The thriving automotive industry in numerous locations around the world is projected to be a major driver of future growth in the global PU films market. Rising disposable income and population growth have driven up demand for passenger automobiles and trucks. PU films have high flexibility, grease resistance, and low-temperature performance, making them perfect for automotive applications.
Furthermore, demand from the healthcare industry is likely to drive the growth of the worldwide PU films market throughout the forecast period. In the healthcare industry, PU films are utilized in wound care components, medical tapes, surgical gowns and drapes, and other applications. However, the high cost of PU films when compared to alternative substitute materials may limit market expansion in the next years. To save money, some manufacturers use low-cost, inferior-quality PU films.
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The Global PU Films Market is segmented based on product, application and region
Global PU Films Market: Product Segment Analysis
● Polyester
● Polyether
Global PU Films Market: Application Segment Analysis
● Automotive and Aerospace
● Textile and Leisure
● Medical
● Others
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The global PU Films market profiles key players such as:
● SWM International
● 3M Company
● Covestro
● Avery Dennison
● Dingzing Advanced Materials
● Dunmore
● Coveris Advanced Coatings
● Mh&W International
● Par Group
● Permali
PU Films Market: Regional Insights.
The regional sector comprises historical and projected demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Asia Pacific was the world’s largest PU films market in 2018, with the highest market share in terms of both revenue and volume. This is due to the region’s large population base, which has raised demand for passenger vehicles, as well as the expanding luxury car industry.
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