Global Polycarbonate Sheets Market Overview
The global polycarbonate sheets market was valued at USD 1750 million in 2019 and is projected to reach USD 2350 million by 2026, growing at a CAGR of 4.25% from 2020 to 2026. Rapid urbanization and industrialization are influencing the growth of the market. Increasing demand from end-use industries like building & construction, automotive & construction, and electrical & electronics drives the market's development. Polycarbonate sheet's unique properties mix makes it a material of choice in applications requiring impact resistance, toughness, transparency, and high-temperature resistance. Polycarbonate sheet is a perfect candidate for demanding applications where safety is a vital factor. These attributes allow polycarbonate sheets to be used in various products, including electronic equipment, exterior lighting fixtures, sports safety equipment, automotive parts, construction glazing, greenhouses, digital media, and medical devices. . However, the availability of other competitive alternatives hinders the growth of the market.
The report studies few key players of the global polycarbonate sheets market in detail covering the company profile, product list and financial details. The companies included in the report
are SABIC, Covestro AG, LOTTE Chemical Corporation, Trinseo S.A., Teijin Limited, Mitsubishi Gas Chemical Company, Inc., Evonik Industries AG, Idemitsu Kosan Co., Ltd., LG Chemicals, and Koscon Industrial SA.
In this market research report, the market is segmented by type, application, and region.
Analysis, by type
Based on type, the global polycarbonate sheets market is categorized into solid, multiwall, corrugated, and others. The solid segment is forecasted to have the highest growth in the coming years. This is due to their extensive use in building & construction applications. Solid polycarbonate sheet products are recognized for their performance all around in the construction industry. A solid range of polycarbonate sheets represents ideal solutions for a wide range of applications and projects. Durability and design freedom are two of the key features driving the segment growth. The solid sheet offers both features plus many more benefits over multiwall and corrugated.
Analysis, by Application
The market is bifurcated into building & construction, automotive & construction, electrical & electronics, and others by application. The largest markets for polycarbonate sheets are building & construction, including window and non-window applications. Glass materials are highly being replaced with polycarbonate sheet in building & construction applications due to its properties like high impact resistance, heat resistance, lightweight, non-breaking, and durability. Polycarbonate sheets offer 250 times greater impact resistance than glass. All these properties have enabled their robust use in building & construction and other engineering applications. Succeeding building & construction, automotive & construction, and electrical & electronics are significant end-user of polycarbonate sheet.
Analysis, by region
The market is analyzed based on region across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The Asia Pacific is expected to dominate the global market during the forecast period. Northeast Asia is the largest consumer of polycarbonate sheet and will be one of the fastest-growing regions driven by China and India's growth. The next-largest markets are North America and Europe. Growing trends in industries such as building & construction, automotive & construction, and electrical & electronics are estimated to bring potential prospects to the market.
Market Segmentation covered in the Report:
By Type
- Solid
- Multiwall
- Corrugated
- Others
By End-use Industry
- Building & Construction
- Automotive & Construction
- Electrical & Electronics
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
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