PU Films Market by Type (Polyether PU films and Polyester PU Films), Function (Thermoplastic-based PU films and Thermoset-based PU films), End-Use Industry (Textile & Leisure, Automotive & Aerospace, and Medical), and Region - Global Forecast to 2023
The PU films market is estimated to be USD 449.0 million in 2018 and is projected to reach USD 688.6 million by 2023, at a CAGR of 8.9% from 2018. PU films are used in various industries, such as automotive & aerospace, textile & leisure, and medical. The growth of the PU films market can be attributed to the growing demand for luxury cars and premium passenger cars. The demand for luxury cars has increased globally in the past five years owing to the increase in disposable income and purchasing power of people. The sale of luxury cars has increased globally by 17% in 2017 over the previous year. From the beginning of 2018, the sales of top 2 luxury car manufacturers, namely, BMW and Mercedes-Benz have increased by 13.0% and 12.0%, respectively. The 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 APAC market are inclined toward the use of cheaper films due to cost reduction. This scenario is restraining the growth of the PU films market.
“The textile & leisure end-use industry segment is projected to grow at the highest CAGR during the forecast period”
The textile & leisure end-use industry segment is projected to grow at the highest CAGR between 2018 and 2023, owing to the increased demand for textile & leisure products across the world. Growing population and increase in their disposable income drive the demand for textile & leisure products. Global textile production is also expected to increase during the forecast period and is expected to register a CAGR of 4.8% between 2015 and 2020. The growth is mainly driven by the increased purchasing power of the middle-class families.
“APAC is the largest and projected to be the fastest-growing market for PU films.”
APAC is estimated to account for the largest share of the PU films market in 2018, owing to the increased production of automobiles in this region. Increase in automobile production in APAC is primarily driven by the presence of leading automotive OEMs in this region. The increasing use of PU films for paint protection application is expected to drive the growth of the PU films market in APAC.
In addition, the demand for PU films is mainly driven by the textile & leisure industry in APAC. China and India are the largest markets of textile & leisure products across the world. The presence of the largest and third-largest textile exporting economies is favorable for the growth of the PU films market.
Extensive primary interviews have been conducted in the process of determining and verifying sizes of several segments and subsegments of the PU films market, gathered through secondary research.
The break-up of primary interviews has been given below.
- By Company Type: Tier 1 – 41%, Tier 2 – 24%, and Tier 3 – 35%
- By Designation: C Level – 29%, Director Level – 24%, and Others – 47%
- By Region: North America – 24%, Europe – 23%, APAC – 41%, and RoW -- 12%
Research Coverage
The PU films market has been segmented based on type, function, end-use industry, and region. This report covers the PU films market and forecasts its market size till 2023. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the PU films market.
Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the PU films market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the PU films market and provide information on key market drivers, restraints, challenges, and opportunities influencing the growth of the market.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the PU films market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on new product launches, mergers, expansions, partnerships, acquisitions, and joint ventures.
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 ASSUMPTIONS
2.4.1 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PU FILMS MARKET OVERVIEW, 2018 VS. 2023
4.2 APAC PU FILMS MARKET, BY END-USE INDUSTRY AND COUNTRY (2017)
4.3 PU FILMS MARKET, BY END-USE INDUSTRY
4.4 PU FILMS MARKET, BY FUNCTION
4.5 PU FILMS MARKET, BY TYPE
4.6 PU FILMS MARKET, BY REGION, 2017
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand for passenger vehicles and luxury cars
5.2.1.2 Growing awareness regarding health and hygiene
5.2.2 RESTRAINTS
5.2.2.1 High cost of PU films
5.2.3 OPPORTUNITIES
5.2.3.1 Growing end-use industries in developing regions
5.2.3.2 Growing number of windmill power plants, globally
5.2.4 CHALLENGES
5.2.4.1 Growing demand for PU blend films
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 THREAT OF NEW ENTRANTS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
6 MACROECONOMIC OVERVIEW AND KEY TRENDS
6.1 INTRODUCTION
6.1.1 TRENDS AND FORECAST OF GDP
6.1.2 TRENDS OF GLOBAL AUTOMOTIVE INDUSTRY (2012–2016)
6.1.3 TRENDS OF GLOBAL TEXTILE INDUSTRY (2012–2016)
7 PU FILMS MARKET, BY TYPE
7.1 INTRODUCTION
7.2 POLYESTER PU FILMS
7.3 POLYETHER PU FILMS
8 PU FILMS MARKET, BY FUNCTION
8.1 INTRODUCTION
8.1.1 THERMOPLASTIC-BASED PU FILMS
8.1.2 THERMOSET-BASED PU FILMS
9 PU FILMS MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 TEXTILE & LEISURE
9.2.1 TEXTILE
9.2.1.1 Fabric manufacturing
9.2.1.2 Sealing & blackout films
9.2.2 SPORTS & LEISURE
9.3 AUTOMOTIVE & AEROSPACE
9.3.1 PAINT PROTECTION
9.3.2 SOUND DAMPENING
9.4 MEDICAL
9.4.1 WOUND CARE
9.4.2 SURGICAL TOOLS
9.5 OTHERS
10 PU FILMS MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.2.3 MEXICO
10.3 APAC
10.3.1 CHINA
10.3.2 JAPAN
10.3.3 SOUTH KOREA
10.3.4 INDIA
10.3.5 REST OF APAC
10.4 EUROPE
10.4.1 GERMANY
10.4.2 FRANCE
10.4.3 UK
10.4.4 ITALY
10.4.5 SPAIN
10.4.6 REST OF EUROPE
10.5 REST OF WORLD
10.5.1 BRAZIL
10.5.2 OTHERS
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET RANKING ANALYSIS
11.2.1 COVESTRO
11.2.2 SWM INTERNATIONAL
11.2.3 3M COMPANY
11.2.4 AVERY DENNISON
11.2.5 DINZING ADVANCED MATERIALS
11.3 COMPETITIVE SITUATIONS & TRENDS
11.4 EXPANSION
11.5 ACQUISITION
11.6 NEW PRODUCT LAUNCH
12 COMPANY PROFILE
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 COVESTRO
12.2 SWM INTERNATIONAL
12.3 3M COMPANY
12.4 AVERY DENNISON
12.5 DINGZING ADVANCED MATERIALS
12.6 COVERIS ADVANCED COATINGS
12.7 DUNMORE
12.8 MH&W INTERNATIONAL
12.9 PAR GROUP
12.10 PERMALI
12.11 RTP COMPANY
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
12.12 OTHER COMPANIES
12.12.1 NOVOTEX ITALIANA
12.12.2 SHANGHAI QING GEN INDUSTRIAL
12.12.3 AMERICAN POLYFILM
12.12.4 GERGONNE GROUP
12.12.5 SCORPION PROTECTIVE COATINGS
12.12.6 VREEBERG ELASTIC MATERIALS
12.12.7 EREZ EUROPE
12.12.8 NIHON MATAI CO., LTD.
12.12.9 BLUE STAR RUBBER PRODUCTS
12.12.10 CARESTREAM HEALTH
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 RELATED REPORTS
13.3 AUTHOR DETAILS
Table 1 TRENDS AND FORECAST OF GDP, USD BILLION (2016–2022)
Table 2 TOTAL VEHICLE PRODUCTION IN 15 COUNTRIES, 2012–2016
Table 3 TOP 10 EXPORTERS OF TEXTILES (USD MILLION)
Table 4 TOP 10 TEXTILE IMPORTERS (USD MILLION)
Table 5 PU FILMS MARKET SIZE, BY TYPE, 2016-2023 (TON)
Table 6 PU FILMS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
Table 7 PU FILMS MARKET, BY FUNCTION, 2016–2023 (TON)
Table 8 PU FILMS MARKET, BY FUNCTION, 2016–2023 (USD MILLION)
Table 9 THERMOSET- VS THERMOPLASTIC-BASED PU
Table 10 PU FILMS MARKET, BY END-USE INDUSTRY, 2016-2023 (TON)
Table 11 PU FILMS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
Table 12 PU FILMS MARKET IN TEXTILE & LEISURE END-USE INDUSTRY, BY REGION, 2016-2023 (TON)
Table 13 PU FILMS MARKET IN TEXTILE & LEISURE END-USE INDUSTRY, BY REGION, 2016-2023 (USD MILLION)
Table 14 PU FILMS MARKET IN AUTOMOTIVE & AEROSPACE END-USE INDUSTRY, BY REGION, 2016-2023 (TON)
Table 15 PU FILMS MARKET IN AUTOMOTIVE & AEROSPACE END-USE INDUSTRY, BY REGION, 2016-2023 (USD MILLION)
Table 16 PU FILMS MARKET IN MEDICAL END-USE INDUSTRY, BY REGION, 2016-2023 (TON)
Table 17 PU FILMS MARKET IN MEDICAL END-USE INDUSTRY, BY REGION, 2016-2023 (USD MILLION)
Table 18 PU FILMS MARKET SIZE, BY REGION, 2016–2023 (TON)
Table 19 PU FILMS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 20 NORTH AMERICA: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
Table 21 NORTH AMERICA: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 22 NORTH AMERICA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 23 NORTH AMERICA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 24 US: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 25 US: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 26 CANADA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 27 CANADA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 28 MEXICO: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 29 MEXICO: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 30 APAC: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
Table 31 APAC: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 32 APAC: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 33 APAC: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 34 CHINA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 35 CHINA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 36 JAPAN: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 37 JAPAN: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 38 SOUTH KOREA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 39 SOUTH KOREA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 40 INDIA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 41 INDIA: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 42 REST OF APAC: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 43 REST OF APAC: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 44 EUROPE: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
Table 45 EUROPE: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 46 EUROPE: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 47 EUROPE: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 48 GERMANY: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 49 GERMANY: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 50 FRANCE: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 51 FRANCE: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 52 UK: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 53 UK: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 54 ITALY: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 55 ITALY: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 56 SPAIN: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 57 SPAIN: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 58 REST OF EUROPE: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 59 REST OF EUROPE: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 60 ROW: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (TON)
Table 61 ROW: PU FILMS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 62 ROW: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 63 ROW: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 64 BRAZIL: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 65 BRAZIL: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 66 OTHERS: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (TON)
Table 67 OTHERS: PU FILMS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 68 EXPANSIONS, 2015-2018
Table 69 ACQUISITIONS, 2015-2018
Table 70 NEW PRODUCT LAUNCHES, 2015-2018
The report "PU Films Market by Type (Polyether PU films and Polyester PU Films), Function (Thermoplastic-based PU films and Thermoset-based PU films), End-Use Industry (Textile & Leisure, Automotive & Aerospace, and Medical), and Region - Global Forecast to 2023", The PU films market is projected to grow from USD 449.0 million in 2018 to USD 688.6 million by 2023, at a CAGR of 8.9% during the forecast period. The growth of the PU films market can be attributed to the rising demand for passenger vehicles and luxury cars worldwide. Also, the growing concerns regarding health and hygiene increased the medical & healthcare expenditure worldwide, which is favorable for the growth of the PU films market. .
Major companies profiled in this report include:
Covestro (Germany), SWM International (US), 3M Company (US), DingZing Advanced Materials (Taiwan), Coveris (US), Dunmore (US), MH&W International (US), PAR Group (UK), RTP Company (US), Permali (UK) among others.
These leading players have adopted various growth strategies such as new product launches, acquisitions, mergers, expansions, partnerships, and joint ventures to strengthen their position in the PU films market and widen their customer base.
Research Coverage:
The PU films market has been segmented based on type, function, end-use industry, and region. This report covers the PU films market and forecasts its market size till 2023. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the PU films market.
Covestro adopted the strategy of expansion to increase its revenue and enhance its profit margins. At the beginning of 2018, the company planned to expand its films production capacity at four locations, namely, Thailand, the US, China, and Germany. This expansion is intended to meet the growing demand for films in these markets. The company is planning to invest more than USD 116 million at these locations. Covestro holds the top position in the PU films business across the globe with 19.0% market share. Initially, the company was into manufacturing of PU resins, and, by forward integration, it started manufacturing PU films. This allowed the company to maintain its profit margin and compete with the local low-cost PU film manufacturers.
SWM International (US) is one of the leading PU film manufacturers that operate globally. It is ranked second in the PU films market. In 2015, the company acquired Argotec LLC (US), a leading producer of PU films for surface protection, medical, and glass lamination applications. This acquisition facilitated the company’s entry into the PU films market. Every year the company generates revenue of USD 110 million from its PU films business. This acquisition helped the company gain a leading position in the PU films market.
Growing demand for passenger vehicles and luxury cars is projected to lead the PU films market during the forecast period.
PU films are mainly used in luxury cars in the automotive industry. Owing to the increase in disposable income and purchasing power, the demand for luxury cars has increased over the past five years. The sale of luxury cars has increased globally by 17% in 2017 over the previous year. From the beginning of 2018, the sales of top 2 luxury car manufacturers, namely, BMW and Mercedes-Benz have increased by 13.0% and 12.0%, respectively. Also, Jaguar Land Rover and Volvo have posted growths of 66.0% and 33%, respectively, since January 2018. This overall growth is driving the PU films market in the automotive industry, globally.
Polyester PU films is the largest and projected to be the fastest-growing type segment of the PU films market.
The polyester PU films type segment of the PU films market is projected to grow at a higher CAGR between 2018 and 2023. The growth of the polyester PU films segment can be attributed to its lower cost than that of polyether PU films and its high demand in the textile & leisure industry.
APAC to be the fastest-growing regional segment of the PU films market.
The APAC region is projected to be the fastest-growing market for PU films. The growth of the APAC PU films market can be attributed to the presence of large textile exporting industries in countries, such as India, China, and South Korea. Additionally, the increasing demand for luxury and premium cars is expected to drive the growth of the APAC PU films market during the forecast period.
