USD 1.8 billion
Polycarbonate Sheet Market Size, Share, Growth Analysis, By Type(Solid, multiwall, corrugated), By End use industry(Building & construction, electrical & electronics, automotive & transportation, aerospace & defense), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20C2023 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
65
|Figures:
75
Polycarbonate Sheet Market Insights
Polycarbonate Sheet Market size was valued at USD 1.8 billion in 2019 and is poised to grow from USD 1.89 billion in 2023 to USD 2.8 billion by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).
Transparent polycarbonate sheets have a high degree of toughness, are moisture-absorbing, and have flame-retardant properties. For translucent and light-filled workplaces, polycarbonate sheets are utilised in a variety of applications, including window glass, medical equipment, food processing, skylights, and roofs. These will conserve electricity and increase the amount of light coming from the skylight. Industrial uses for polycarbonate sheets include the production of electronic components, riot shields, headlamp lenses, vandal-proof glazing, baby feeding bottles, and safety helmets.
The food sector is significantly driving the economies of the United States and Europe due to the rise in disposable income and supportive government programmes for the food processing sector. Innovative goods with a high food-contact grade are primarily preferred for food packaging. Due to the rising trend of polycarbonate against conventional materials and the rising demand from several end use sectors, the market grew throughout the forecast period. Governments in a number of developed nations are making investments in infrastructure expansion, which is also anticipated to temper market growth for polycarbonate sheets.
US Polycarbonate Sheet Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Multiwall
Fastest Growth
Multiwall
Growth Rate
5.1% CAGR
Global Polycarbonate Sheet Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Polycarbonate Sheet Market Segmental Analysis
Global polycarbonate sheets market is segmented based on the Type, end users industry and region. Based on the type, the market is segmented into solid, multiwall, corrugated. Based on the end users industry, the market has been segmented into electrical & electronics, automotive & transportation, building & construction, aerospace & defense, packaging. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Polycarbonate Sheet Market Analysis by Type
The multiwall segment dominated the global polycarbonate sheets market, in terms of revenue, in 2021. Multiwall polycarbonate sheets are widely used in applications such as canopies, displays, conservatories, roof lights, signage, vertical glazing, swimming pool roofs, insulation, walkways.
Solid polycarbonate sheets are the second largest growing segment by type which is used for normal use in light transparency in home and work place. It is also used for home development.
Polycarbonate Sheet Market Analysis by End User Industry
Building and construction segments dominated the polycarbonate sheets market in 2021, Building and construction applications are on the rise since numerous architects are realizing the benefits of polycarbonate sheets in skylight roofing, cladding, and other applications that require high aesthetic appeal with durability and sustainability.
These sheets are extensively used in the packaging industry. The product provides daylight solutions to the majority of the problems owing to its characteristics such as light in weight, break and abrasion resistance, and enhanced durability. They provide a variety of profiles, surface textures, and shades for packaging materials.
Global Polycarbonate Sheet Market By Type
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Polycarbonate Sheet Market Regional Insights
Based on regional segmentation, Asia-Pacific held the largest share of the global polycarbonate sheets market in 2021. Transparent sheets are more in demand in Asia Pacific because of expansion in the vehicle, greenhouse, and construction industries, among other sectors. During the projected period, market demand from the electronics and construction industries is anticipated to drive market expansion. The market in this area is now being led by China and India.
North America is anticipated to be the fastest growing region of the global market during the forecast period. Significant surge in the demand for roofing application, modern building wall, decoration of commercial buildings are increasing the market growth. The U.S. occupies the largest part of the polycarbonate sheets market in the North America region. The market growth in the country is driven by a surge in demand for electric vehicles.
Global Polycarbonate Sheet Market By Region
- Largest
- Fastest
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Polycarbonate Sheet Market Dynamics
Polycarbonate Sheet Market Drivers
Growing demand from End-use Industries to Boost Market Demand
- Due to physical and chemical properties of polycarbonate sheets they are applicable in various industries. The increase in investment for infrastructure development is directly proportional to the growth in demand for roofing solutions in both residential and industrial construction sectors.
Polycarbonate Sheet Market Restraints
Environmental Impacts of Polycarbonate Sheets to Hinder Market Growth
- The polycarbonate sheets are not so environmentally friendly and cause threat to the environment as they are not biodegradable. The difficulty faced in the recycling of polycarbonate materials is a big concern. The accidental dumping of these polycarbonate sheet materials in rivers or sea causes aquatic life.
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Polycarbonate Sheet Market Competitive Landscape
The market for polycarbonate sheets is very competitive and dispersed.The leading players in the sector are always putting different growth strategies into practice to keep a competitive edge. These players use innovations, mergers & acquisitions, collaborations, and partnerships to succeed in the cutthroat market. The top market players are constantly focusing on R&D to give industry the most efficient and cost-effective solutions.
Polycarbonate Sheet Market Top Player's Company Profiles
- SABIC
- Covestro AG
- Mitsubishi Chemical Corporation
- Teijin Limited
- Trinseo S.A.
- LG Chem
- Chi Mei Corporation
- Sumitomo Chemical Co., Ltd.
- Bayer AG
- Evonik Industries AG
- Asahi Kasei Corporation
- PolyOne Corporation
- Idemitsu Kosan Co., Ltd.
- Plazit-Polygal Group
- Excelite Plastic Ltd.
- Koscon Industrial S.A.
- Palram Industries Ltd.
- Brett Martin Ltd.
- 3A Composites GmbH
- Arla Plast AB
Polycarbonate Sheet Market Recent Developments
- In August 2022, Mitsui Chemicals Inc. and Teijin Ltd. Collaboration, to develop and market biomass-derived bisphenol A (BPA) and polycarbonate (PC) resins.
- In July 2022, Brett Martin Is launching a new plastic roofing product made from bio-circular materials recovered from the food industry.
- In June 2022, Plaskolite acquired MXL Industries, to expand Coatings Business Across Aviation, Medical, Marine and Life Safety Markets.
- In Feb 2022, Peerless Plastics & Coatings launched a new range of hard-coated, protected, polycarbonate sheets suitable for a variety of industries and uses.
Polycarbonate Sheet Key Market Trends
- The rise in the trend of polycarbonate against conventional materials and the increasing demand from several end use industries. Multiwall polycarbonate sheets are used for the manufacturing of automobile industry for manufacturing of various parts. The key trend of use of polycarbonaTe polycarbonate sheets market is dominated by multiwall polycarbonate sheets in terms of type. Which is due to applications such as canopies, displays, conservatories, roof lights, signage, vertical glazing, swimming pool roofs, insulation, walkways.
Polycarbonate Sheet Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global polycarbonate sheet market analysis, In terms of end use industries the market is dominated by building and construction due to the high use of polycarbonate sheets for modern homes. Competitors establish a strong distribution network to remain competitive in the Market. In terms of end use industries the market is dominated by building and construction due to the high use of polycarbonate sheets for modern homes. Competitors are establishing a strong distribution network to remain competitive in the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.8 billion |
| Market size value in 2031 | USD 2.8 billion |
| Growth Rate | 5.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polycarbonate Sheet Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polycarbonate Sheet Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polycarbonate Sheet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polycarbonate Sheet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polycarbonate Sheet Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polycarbonate Sheet Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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