PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1040743
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1040743
According to Stratistics MRC, the Global PU Films Market is accounted for $543.69 million in 2020 and is expected to reach $1,243.97 million by 2028 growing at a CAGR of 10.9% during the forecast period. Raising demand for luxury cars and premium passenger cars, owing to the increase in disposable income and rising awareness regarding health and hygiene are major factors driving the growth of the market. However, the use of cheaper films due to cost reduction is hampering the market.
Polyurethane Film is also commonly referred to as TPU, Urethane or PU film. The main advantages of PU Films are elongation and tensile strengths, elastomeric memory, chemical and microbial resistance, low temperature flexibility. In addition, PU 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.
By function, thermoplastic-based PU Films segment is experiencing considerable market growth, owing to its easy processability and its major applications areas. By end user, polyester PU films segment acquired significant growth due to the low cost of polyester PU films and its high demand in the textile & leisure industry. Based on the geography, Asia Pacific is dominating the market during the forecast period, owing to the increased production of automobiles in this province.
Some of the key players profiled in the PU Films Market include: American Polyfilm, Blue Star Rubber Products, Carestream Health, Erez Europe, Gergonne Group, Nihon Matai Co., Ltd, Scorpion Protective Coatings, Shanghai Qing Gen Industrial, Vreeberg Elastic Materials, Shanghai Qing Gen Industrial.
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Table17 North America PU Films Market Outlook, By Country (2019-2028) (US $MN)