Global PU Films (Polyether & Polyester) Market 2018-2023: Analysis & Forecast by Textile & Leisure, Automotive & Aerospace, and Medical Industries - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 10, 2018--The “PU Films Market by Type (Polyether PU Films & 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” report has been added to ResearchAndMarkets.com’s offering.
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 growing demand for luxury cars and premium passenger cars. 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 two 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 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 middle-class families.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview And Key Trends
7 PU Films Market, By Type
8 PU Films Market, By Function
9 PU Films Market, By End-Use Industry
10 PU Films Market, By Region
11 Competitive Landscape
12 Company ProfilesAmerican Polyfilm Avery Dennison Blue Star Rubber Products Carestream Health Company Coveris Advanced Coatings Covestro Dingzing Advanced Materials Dunmore Erez Europe Gergonne Group MH&W International Nihon Matai Co., Ltd. Novotex Italiana PAR Group Permali RTP Company Scorpion Protective Coatings Shanghai Qing Gen Industrial SWM International Vreeberg Elastic Materials
For more information about this report visit https://www.researchandmarkets.com/research/l8dw4f/global_pu_films?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005471/en/
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Related Topics:Plastic Films
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING
SOURCE: Research and Markets
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PUB: 10/10/2018 07:45 AM/DISC: 10/10/2018 07:45 AM