Polycarbonate Sheets Market Insights
The Polycarbonate Sheets Market is estimated to grow at a moderate CAGR during the forecast period. Increase in the consumption of polycarbonate sheets in construction and automotive industries in order to ensure the high strength & improved safety features of building, and to improve the fuel efficiency of automobiles is driving the growth of polycarbonate sheets market across the world. The unique characteristic of polycarbonate such as good low frequency, strength, impact resistant, high voltage insulating, and transparency among others has increased its applications in prime industrial sectors, such as automotive, medical devices, electronics, building & construction, and IT hardware sectors.
Increasing requirement for cladding, skylight roofing, and greenhouse among others are some of the other factors boosting the demand for polycarbonate sheets. However, stringent Government regulations and restrictions associated against the waste disposal are restricting the market growth of polycarbonate sheets. Continuous investments and innovations in improving plastic technologies and introduction of low-priced interior furnishings in automotive industry lowering carbon emissions are some of the key market drivers of polycarbonate sheet.
Polycarbonate Sheets Market: By Application
The Polycarbonate Sheets Market can be segmented based on application into building & construction, automotive, packaging, aerospace & defense, and agriculture among others. The building & construction segment is expected to hold the largest market share during the forecast period. This growth can be attributed to various factors such as the product has the advantage of being cost effective and light weight as compared to the outdated materials used in building & construction applications. The product also finds its increase in demand in the building & construction industry because of its unique properties such as aesthetics, durability, easy handling and high performance as compared to glass. The polycarbonate sheet also finds its application in heating and air-conditioning, because they prevent the exhaustion of hot air from mixing with the conditioned air, this helps servers to operate at their maximum efficiency.
Polycarbonate Sheets Market: Regional Insights
Asia Pacific is expected to hold the largest market share in terms of revenue during the forecast period. Significant rise in demand of polycarbonate sheets from aerospace, construction, and automotive industry are some of the factors driving the growth in the Asia Pacific Polycarbonate Sheets Market. The major factor behind the growth of Asia Pacific polycarbonate sheet can be accredited to the economic growth and development of emerging economies such as India, Taiwan, and China among others. Presence of strong supply chain network and increased investments by key market players to improve their product portfolio in order to supply their products to a huge market base is expected to boost the regional growth in the forecasted period. Europe is expected to hold the second largest market share in terms of revenue, followed by North America. High disposable income of the population coupled with favorable government schemes, increasing automotive production rate, and consistent investments by the key market players in R&D activities among others is anticipated to boost the market growth of polycarbonate sheet in the region.
Polycarbonate Sheets Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase polycarbonate sheets over the coming years. Some companies which are currently using polycarbonate sheets and are likely to purchase it in future such as Fiat, Volkswagen, Vinci, Bouygues, and PowerChina among others
Polycarbonate Sheets Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Polycarbonate Sheets Market: Share & Competitor Analysis
Some of the key players operating in the polycarbonate sheets market are Trinseo S.A., Teijin Limited, SABIC, Mitsubishi Gas Chemical Company Inc., Covestro AG, Excelite, Suzhou Omay Optical Materials Co., Ltd., Evonik Industries AG, Brett Martin Ltd., Gallina India, Plazit-Polygal Group, Plazit-Polygal Group, Isik Plastik, Spartech, Palram Industries Ltd., 3A Composites GmbH, Koscon Industrial S.A., Ug-oil-Plast Ltd., and Arla Plast AB among others.
In August 2017, 3A Composites announced that they have signed an agreement to acquire Athlone Extrusions Ltd. by its parent company Schweiter Technologies headquartered in Switzerland.
In May 2007, SABIC, a diversified manufacturing company announced that they acquired GE Plastics, a branch of General Electric which manufactures plastics, and was the part of GE Industrial Division.
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