Market Size of Polyurethane (PU) Film Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
