Global Aroma Chemicals Market Projected to Augment at a Notable CAGR during the Forecast Period until 2026
Global polycarbonate sheets market was value US$ 1.62 Bn in 2017, and is expected to reach US$ 2.32 Bn by 2026, at a CAGR of 4.6 % during forecast period.
Polycarbonates are a group of thermoplastic polymers containing carbonate group. It is a thermoplastic polymer that occurs in a transparent crystalline form. Due to the unique and performance characteristics of polycarbonate have increased its applications in major industrial sectors, such as medical devices, automotive, IT-hardware, electronics, and building & construction sectors.
Polycarbonate sheets currently replacing glass, toughened glass, and polyethylene membrane, as they offer a perfect combination of lightweight, high-impact strength, light transmission, frame-resistance, UV protection, anti-drop properties, as well as better aesthetic appearance.
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Clear polycarbonate sheets are transparent as glass and weigh only half in comparison to the latter, thereby, making it easy to transport and install them. The impact strength of the polycarbonate sheet is about 200 times higher than the common glass and 2 to 20 times higher than tempered glass. They are suitable for applications that have high chances of encountering hail, high wind, and storm rain.
Based on the type, the solid segment of the polycarbonate sheets market is expected to witness the highest growth during the forecast period. The growth of the solid polycarbonate sheets segment can be attributed to the increased use of solid polycarbonate sheets in barrel vault roofing, roof lights, and glazing, as polycarbonate sheets are light in weight in comparison to glass.
Multiwall polycarbonate sheets are lightweight, provide high impact strength and thermal insulation, are UV resistant, and have exceptional transparency. These types of sheets are used for architectural roofing and glazing, skylights and sidelights, signage and displays, decorative partitions, and greenhouses.
Factors such as increasing consumption of polycarbonate sheets in the automotive and construction industries due to effective characteristics offered by them are driving the growth of the polycarbonate sheets market. The recovering construction industry in Europe and rapidly growing investments in the construction sector in many Asian countries, are expected to enhance the growth of multi-walled polycarbonate sheets in the coming years.
Polycarbonate in landfills is definitely an environmental nightmare. It never biodegrades since it is made of petroleum. Furthermore, fluctuating raw material prices are the major factors that can hold this market back.
The population is exponentially increasing in the Asia Pacific region, which leads to the growing demand for polycarbonate sheets from automotive, aerospace, and construction industries. Rise in disposable income coupled with favorable government schemes for the food processing industry, is significantly driving food sector in U.S. and Europe.
Key players operating in the global polycarbonate sheets market are SABIC , Covestro AG, Trinseo S.A., Teijin Limited, Mitsubishi Gas Chemical Company Inc., Evonik Industries AG, Suzhou Omay Optical Materials Co., Ltd., Excelite, Plazit-Polygal Group, Arla Plast AB, 3A Composites GmbH, Palram Industries Ltd., Ug-oil-Plast Ltd., Gallina India, Koscon Industrial S.A., Isik Plastik, Brett Martin Ltd., and Spartech, among others.
The report covers a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues in the market. Furthermore, Competitive scenario and market share of the top players in the market, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.
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Scope of Polycarbonate Sheets Market:
Global Polycarbonate Sheets Market, By Product Type
Solid
Multiwall
Corrugated
Others
Global Polycarbonate Sheets Market, By Application
Building & Construction
Automotive & Transportation
Electrical & electronics
Others
Global Polycarbonate Sheets Market, By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key Players Operating In Polycarbonate Sheets Market:
SABIC
Covestro AG
Trinseo S.A.
Teijin Limited
Mitsubishi Gas Chemical Company Inc.
Evonik Industries AG
Suzhou Omay Optical Materials Co. Ltd.
Excelite
Plazit-Polygal Group
Arla Plast AB
3A Composites GmbH
Palram Industries Ltd.
Ug-oil-Plast Ltd.
Gallina India
Koscon Industrial S.A.
Isik Plastik
Brett Martin Ltd.
Spartech
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