Global PU Films Market Size|Share|Trends|Reports|Forecast to 2026


Posted October 22, 2019 by rithSEO

The global PU Films market size by thermoplastic based PU films type was worth USDXX million in 2018 and is estimated to reach USDXX million by 2026.

 
Market Overview
• Polyurethane Film is also commonly referred to as TPU, Urethane or PU film. Polyurethanes are formed by reacting a polyol, which is an alcohol with more than two reactive hydroxyl groups per molecule with a diisocyanate or a polymeric isocyanate in the presence of suitable catalysts and additives. Because a variety of diisocyanates and a wide range of polyols can be used to produce polyurethane, a broad spectrum materials can be produced to meet the needs of specific applications.
• Automotive designers, engineers and manufacturers rely on our polycarbonates, polycarbonate blends, coatings, PU foams and films for a broad range of interior applications, including trim, electronic components and instrument panels that require high-quality surfaces and dimensional stability.

Market Dynamics
• The increasing demand for PU films from the automotive end-use industry is expected to drive the growth of the PU foam market.
• Automotive designers, engineers and manufacturers rely on our polycarbonates, polycarbonate blends, coatings, PU foams and films for a broad range of interior applications, including trim, electronic components and instrument panels that require high-quality surfaces and dimensional stability.
• After-sales or replacement has been a major segment for TPU demand in automotive application. High elasticity, shear strength, grease resistance and low temperature performance of TPU make it an idyllic material for automotive applications compared to other conventional thermoplastics.
• While after years of strong growth, global automobile sales were broadly flat in 2018, on account of slump in demand in the world's major market, such as China. Trade tensions between U.S and China is one of the factor behind the slowing down of economy and thus auto industry.
• Jaguar Land Rover have figured out decline in the company sales due to poor Chinese demand, while Ford has pulled plans to sell a Chinese made Ford focus in the US because of the impact of trade tariffs.
• Moreover in Europe emission norms have led to the major drop in diesel vehicle sales, contributing to a 7% fall in new car registrations in the UK in 2018.


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Market Segmentation
• By function, the PU films market is segmented into thermoplastic-based PU films and thermoset based PU Films.


Geographical Analysis
• The Asia Pacific PU Films market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX % during the forecast period.
• Asia Pacific region represents the largest segment for consumption of PU films in the world, accounting around half a percent of global demand.
• Due to the rapid urbanization in the region and this trend is projected to continue in coming years and thereby to bring unprecedented demographic, economic and social shifts. This trend to show positive impact on the PU film end user sectors such as textile, automotive, aerospace, medical and other in the APAC region.
• Economic growth and rising incomes across the region are fuelling unparalleled growth in airlines business and leisure travel. Owing to this reason aircraft manufacturers are showing interest to build aircrafts in this region.

Competitive Landscape
Some of the major players include
• Covestro AG,
• SWM International,
• 3M Company,
• Avery Dennison Corporation,
• DingZing Advanced Materials Inc.,
• Others


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For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.com
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Last Updated October 22, 2019