Polyurethane (PU) Film Market Size (2024 - 2029)

The polyurethane (PU) film market is experiencing growth, driven by increased demand in the footwear and apparel sectors, despite challenges such as rising raw material costs. The market's expansion was initially hindered by the COVID-19 pandemic, which caused project delays and production halts. However, recovery was noted in 2021 due to heightened consumption in construction and other industries. The potential for bio-based TPU presents promising opportunities for future growth. The Asia-Pacific region is anticipated to lead in market size and growth rate during the forecast period.

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Market Size of Polyurethane (PU) Film Industry

Polyurethane (PU) Film Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Polyurethane (PU) Film Market Major Players

*Disclaimer: Major Players sorted in no particular order

Polyurethane (PU) Film Market Analysis

The polyurethane (PU) film market is projected to register a CAGR of over 6.5% during the forecast period.

The COVID-19 outbreak across the globe severely impacted the polyurethane (PU) Film market in various sectors. Stoppage or slowdown of projects, restrictions on movements, production halts, and labor shortages to contain the COVID-19 outbreak have led to a decline in the polyurethane market growth. However, it recovered significantly in 2021, owing to rising consumption from various end-use applications, including building and construction and other end-user industries.

  • Over the short term, increasing usage in the footwear and apparel industry is a significant factor driving the market's growth.
  • However, the rising prices of raw materials are a key factor anticipated to restrain the target industry growth over the forecast period.
  • Nevertheless, the potential for bio-based TPU is likely to create lucrative growth opportunities for the global market soon.
  • The Asia-Pacific region is expected to dominate the polyurethane (PU) films market and is also likely to witness the highest CAGR during the forecast period.

Polyurethane (PU) Film Industry Segmentation

Thermoplastic polyurethane also referred to as PU and TPU, is a flexible film with high elongation and properties and characteristics that are superior to most polyolefinc films. TPU film also exhibits excellent dynamic flex performance, abrasion resistance, and tear strength. The market is segmented by chemical class, end-user industry, and geography. By chemical class, the market is segmented into polyester, polyether, and polycaprolactone. By end-user industry, the market is segmented into footwear and apparel, medical supplies, sports equipment, building and construction, and other end-user industries. The report also covers the market size and forecasts for the polyurethane films market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilotons).

Chemical Class
Polyester
Polyether
Polycaprolactone
End-user Industry
Footwear and Apparel
Medical Supplies
Sports Equipment
Building and Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polyurethane (PU) Film Market Size Summary

The polyurethane (PU) film market is experiencing a robust growth trajectory, driven by its increasing application in various industries such as footwear, apparel, and construction. The market, which faced significant challenges during the COVID-19 pandemic due to project delays and production halts, has shown a strong recovery, particularly in 2021. The Asia-Pacific region is poised to lead the market, benefiting from its expansive construction sector and the burgeoning footwear industry, with countries like China and India playing pivotal roles. The region's dominance is further supported by the shift of manufacturing facilities to Asia, driven by cost-effective labor and rising demand in developing markets.

Despite the promising growth prospects, the market faces challenges such as the rising cost of raw materials, which could potentially hinder its expansion. However, the emergence of bio-based thermoplastic polyurethane (TPU) presents lucrative opportunities for future growth. The market is characterized by a few key players, including Covestro AG and SWM, who are actively expanding their production capacities to meet the increasing global demand. Innovations such as BASF's Thermoplastic Polyurethane Paint Protection Film highlight the ongoing advancements in the industry, catering to diverse applications ranging from automotive to construction.

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Polyurethane (PU) Film Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage in the Footwear and Apparel Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 The Rising Prices of Raw Materials

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Chemical Class

      1. 2.1.1 Polyester

      2. 2.1.2 Polyether

      3. 2.1.3 Polycaprolactone

    2. 2.2 End-user Industry

      1. 2.2.1 Footwear and Apparel

      2. 2.2.2 Medical Supplies

      3. 2.2.3 Sports Equipment

      4. 2.2.4 Building and Construction

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 ASEAN Countries

        6. 2.3.1.6 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Polyurethane (PU) Film Market Size FAQs

The Polyurethane (PU) Film Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)

SWM, Covestro AG, DingZing Advanced Materials Inc, Gerlinger Industries GmbH and Okura Industrial Co.,Ltd. are the major companies operating in the Polyurethane (PU) Film Market.

Polyurethane Film Market Report Snapshots

Polyurethane (PU) Film Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)