What is the global market size of Polycarbonate Sheet Market?

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.

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 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.

Polycarbonate Sheet Market Report Snapshots

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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).

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. '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'

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.

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.

Based on regional segmentation, Asia-Pacific held the largest share of the 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.

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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

Polycarbonate Sheet Market Dynamics

Polycarbonate Sheet Market Report Snapshots

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