PU Films Market Size|Industry Trends|Market Insights|Market Forecast to 2026

(I-BusinessNews.Com, October 18, 2019 ) 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.

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.

Market Segmentation:
By function, the PU films market is segmented into thermoplastic-based PU films and thermoset based PU Films. Thermoplastic based PU film is expected to grow with high CAGR rate in the forecast period.

After sales or replacement has been a major segment for Thermoplastic based PU(TPU) film 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.

Growth of major end-use industries such transportation in Asia Pacific is expected to yield growth opportunities for the market over the forecast period. while growing preference for TPU films in medical devices is expected to complement the global market growth over the forecast period.

Geographical Analysis:
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

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 Analysis:
Some of the major players include Covestro AG, SWM International, 3M Company, Avery Dennison Corporation, DingZing Advanced Materials Inc., American Polyfilm, Inc, BASF SE, Taiwan PU Corporation, Plastic Film Corporation of America, Jindal Poly Films.

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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com

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