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PU Films Market by Type, Function, End-Use Industry And Region - Global Forecast to 2023

PU Films Market: Global Forecast until 2023

  • October 2018
  • 107 pages
  • ID: 5586650
In this report:
The production of automotive in the country has increased by ##%, ##%, ##%, and ##% in the year 2014, 2015, 2016, and 2017, respectively.
The US registered the highest growth of ##.##% in textile exports in 2017 compared to that in 2016, while growth in the Indian textile exports increased by ##.##% in 2017.

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Increasing demand for passenger vehicles and luxury cars

The PU films market is projected to be $449.00M in 2018 and is projected to extend $688.60M by 2023, at a CAGR (Compound annual growth rate) of 8.90 percent from 2018. PU films are used in different industries, including automotive & aerospace, textile & leisure, and medical. The rise of the PU films market can be accredited to the increasing demand for luxury cars and premium passenger cars. The sector demand for luxury cars has grown globally in the past five years due to the growth in disposable income and purchasing power of people. The sale of luxury cars has rised globally by 17.0 percent in 2017 over the previous year. From the beginning of 2018, the sales of top 2 luxury car manufacturers, that is, BMW and Mercedes-Benz have increased by 13.00 percent and 12.00 percent, respectively. The market demand for PU films is also boosted by aftermarket sales. PU films are costlier than the other substitute films available in the market. Many local and small-scale manufacturers are engaged in the manufacturing of PU blend films which are cheaper than PU films. The consumers in the Asia-Pac market are inclined toward the use of cheaper films due to cost reduction. This scenario is restraining the increase of the PU films market.

The textile & leisure end-use industry segment is expected to rise at the highest CAGR (Compound annual growth rate) during the estimate period

The textile & leisure end-use industry segment is expected to grow at the highest compound annual growth rate (CAGR) between 2018 and 2023, due to the increased demand for textile & leisure products across the globe.Increasing population and growth in their disposable income drive the demand for textile & leisure products.

Overall textile production is also anticipated to growth during the outlook period and is anticipated to register a compound annual growth rate (CAGR) of 4.80 percent from 2015 to 2020. The rise is primarily driven by the increased purchasing power of the middle-class families.

Asia-Pacific is the most important and forecasted to be the quickest developing market for PU films.

Asia-Pac is expected to account for the biggest share of the PU films market in 2018, due to the increased production of automobiles in this zone.Rise in automobile production in Asia-Pacific is primarily influenced by the presence of leading automotive OEMs in this area.

The growing use of PU films for paint protection application is predicted to push the increase of the PU films market in Asia-Pac.

Additionally, the industry demand for PU films is mainly influenced by the textile & leisure market in Asia-Pacific.China (CN) and India (IN) are the most important sectors of textile & leisure products across the globe.

The presence of the biggest and third-largest textile exporting economies is favorable for the increase ot the PU films market.

Extensive primary audit sessions have been conducted in the process of finding out and verifying sizes of different segments and subsegments of the PU films market, collected by secondary research.

The break-up of primary interviews has been provided below.

• By Company category: Tier 1 - 41.0 percent, Tier 2 - 24.0 percent, and Tier 3 - 35.0 percent

• By Description: C-suite - 29.0 percent, D-level - 24.0 percent, and Others - 47.0 percent

• By Area: North America continent - 24.0 percent, Europe (EU) - 23.0 percent, Asia-Pac - 41.0 percent, and RoW -- 12.0 percent

The main companies decribed in this analysis on the PU films market contain Covestro, SWM International, 3M Company (NYSE:MMM), DingZing Advanced Materials, Coveris, Dunmore, MH&W International, PAR Group, RTP Company, and Permali.

Segment Research

The PU films market has been divided on the basis of category, function, end-use sector, and area.This market report includes the PU films market and forecasts its market size until 2023.

It also offers in-depth information on company descriptions and competitive landscape approved by the top players to enhance their rank in the PU films market.

Reasons to Buy the Report

The market research is expected to benefit industry top players/new sector entrants in these ways:

1. This document breaks down the PU films market and offers the closest approximations of revenue numbers for the global market and its segments across several verticals and localities.

2. This business report is expected to benefit partners comprehend the pulse of the PU films market and offer info on main market drivers, market restraints, opportunities, and alternatives influencing the increase of the market.

3. This industry report is expected to benefit partners obtain an detailed understanding of the competitive landscape of the PU films market and gain insights to enhance the position of their businesses. The competitive outlook section includes exhaustive information on recent product launches, mergers, business developments, alliances, acquisitions, and joint ventures (JV).

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