World News: 17:37 GMT Wednesday 11th September 2019. [Reports and Data via Globe Newswire via SPi World News]
New York, Sept. 11, 2019 (GLOBE NEWSWIRE) --
The global Polyurethane (PU) Films market is forecast to reach USD 872.3 Million by 2026, according to a new report by Reports and Data. PU films have several applications in healthcare, automotive, aerospace, and other industries. A rise in the demand for luxury cars over the last decade has propelled the growth of the market. Growing purchasing power and a rise in disposable income have also pushed the market’s growth.
PU films have great tensile strength and low-temperature flexibility which makes them suitable for a variety of applications. They are also highly cost-efficient and easy to process, which in turn increases the demand from the textile industry. Increasing demand from the automotive sector is also fueling the market demand.
PU films are a perfect substitute for metal components in aircraft, which is a very lucrative market, thus providing PU films an opportunity to grow. The high tensile strength also makes it applicable in the construction sector. These films provide microbial resistance which lead to tremendous demand from the diagnostics sector. They are extensively used in surgical applications, patients care, and laboratories.
North America held a market share of 28.6% in the year 2018. Increased agricultural production in countries such as the U.S. and Mexico are propelling market growth. The region has a significant number of aerospace manufacturers which adds to the growth of the market. Increasing use of applications such as identification tags of animal are further expected to boost the market growth.
For the purpose of this report, Reports and Data have segmented into the global Polyurethane (PU) Films market on the basis of type, function, end-use industry, and region:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-800-819-3052
Globe Newswire: 17:37 GMT Wednesday 11th September 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.