USD 1.8 billion
Report ID:
SQMIG20C2023 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
65
|Figures:
75
Polycarbonate Sheet Market size was valued at USD 1.89 Billion in 2023 and is poised to grow from USD 1.99 Billion in 2024 to USD 2.94 Billion by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).
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.
Global Market Size
USD 1.8 billion
Largest Segment
Multiwall
Fastest Growth
Multiwall
Growth Rate
5.1% CAGR
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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.
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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.
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Polycarbonate Sheet Market Drivers
Growing demand from End-use Industries to Boost Market Demand
Polycarbonate Sheet Market Restraints
Environmental Impacts of Polycarbonate Sheets to Hinder Market Growth
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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
Polycarbonate Sheet Market Recent Developments
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 1.89 Billion |
Market size value in 2032 | USD 2.94 Billion |
Growth Rate | 5.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG20C2023
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