Polycarbonate is a kind of thermoplastic polymers which contains carbonate groups in their chemical structures. Polycarbonates are widely used in engineering and are tough or strong materials. They are easily molded, worked, and thermoformed. Owing to these properties, polycarbonates find many applications. Polycarbonate sheet is the thermoplastic that comes in a transparent sheet. It is extremely strong and absorbs minimal moisture, which make it resistant to impact damage and water damage. It's also chemical resistant and flame-retardant. These sheets can be used in various applications such as skylights, window glazing, riot shields, enclosures, food processing, medical equipment, aerospace and exhibits and displays.
The global polycarbonate sheets market is expected to witness ample growth during the projection period. The factors such as steady growth of the end-use industries and manufacturing sector, growing use and adoption of these sheets as an ultraviolet-resistant roof panels in agricultural outbuildings, such as greenhouses and barns, and rising significance of these sheets in medical industry to replace expensive resins, such as polyetheretheketone, polysulfone, polyaryletherketone, and polyphenylsulfone in different devices are likely to contribute to the growth of the market in the coming years.
However, environmental impacts of polycarbonate sheets and varying raw material prices are some of the major factors that could hinder the growth of the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the polycarbonate sheets market. In addition, complete analysis of changes on polycarbonate sheets market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the polycarbonate sheets market was moderate owing to the decline in demand from automotive, building & construction, aerospace & defense, electrical & electronics, and transportation industries.
The study analyses global polycarbonate sheets market based on type, industry and geography.
Based on type, the market is segmented into solid, multiwall, corrugated, and others. Solid polycarbonate sheets segment is expected to witness rapid growth during the estimated timeframe. Solid polycarbonate sheets are widely known and used for their properties required at large in residential, commercial, and industrial applications. The properties such as weather-resistant, UV-resistant, high impact resistance, high heat-resistant, outstanding light transmission, wide color range, availability in large sizes, lightweight, flame-retardant make it more demandable product for innovative applications across the wide range of business and manufacturing sectors including aerospace, electrical and electronics, building and construction, transportation, and many others.
Based on industry, the market is segmented into building & construction, electrical & electronics, automotive & transportation, aerospace & defense, packaging, and others. The building and construction industry segment dominated the market in 2021 and is likely to maintain its dominance during the forecast period. A growing market for building and construction industry across the globe, especially in developing economies is major driving factor that accredited to the segment growth. Additionally, surge in the demand for polycarbonate sheets as a building and manufacturing material owing to its several benefits such as high strength combined with design flexibility, chemical and scratch resistance, and its insulating properties is further expanding the growth of the market.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific held the largest market share of global polycarbonate sheets market and is likely to dominate the market over the estimated time frame. The countries such as China, India and Japan are expected to dominate the market in the coming years. Growing manufacturing output, rising innovations in the aerospace industry, a surge in the demand for automotive vehicles, and the vast presence of several polycarbonate sheets manufacturing companies across the region are some of the major growth factors that attributed to the growth of the market in APAC region.
The major key players of market includes 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 study analyses global polycarbonate sheets market based on product, application, and geography. Polycarbonate sheets market by type is segmented into solid, multiwall, corrugated, and others. The solid segment is likely to dominate the market over the forecast period. Increased adoption of solid polycarbonate sheets in several end-use industries owing to its number of benefits is attributed to the market growth. The market finds application in various end-use industries such as building & construction, electrical & electronics, automotive & transportation, aerospace & defense, packaging, others. The building & construction segment is likely to register fastest growth in years to come owing to the growing adoption of polycarbonate sheets in building and manufacturing industry across the globe. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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