Polycarbonate Sheet Market Size, Application Potential, By Product, 2019-2025
Polycarbonate Sheet Market size is
positively influenced by construction industry as it is one of the major
end-users of polymer composites and plastics. Advanced thermoplastics have been
gradually replacing traditional materials in the sector. Polycarbonate sheets
construction applications include window, roof domes, skylights to wall panels,
signage, building panels, etc. Increasing specialty plastics demand in safety
windows, roofing, domes/sky lights, doors and cables is expected to complement
polycarbonate sheet market growth in construction industry. Increased end-use
sector demand for nominal maintenance materials, lightweight & savings in
raw material costs are fueling the usage of high performance thermoplastics in
building & construction applications.
The U.S. building &
construction sector spending has risen substantially from over USD 800 billion
in 2012 to USD 1,100 billion in 2016. This can be attributed to growing
re-construction projects in the U.S. coupled with surge in investments on
public infrastructure segment. The product is recyclable and extremely
resistant to the harmful effects of cleaning agents. The above mentioned factor
will spur the overall polycarbonate sheets demand in future.
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The
automotive & transportation is the most innovative & competitive sector
and enjoyed for years the benefits that high performance polycarbonate sheets
offer when manufacturing vehicles. Specialty sheets are mostly being preferred
over other materials, metals in automotive applications due to excellent impact
strength, flexibility, easy moldability, improved aesthetics, scratch &
heat resistance, dimensional security, recyclability and being lightweight.
Currently, an average car consists of around 10% to 15% high performance
thermoplastics of total car weight.
Automobile production boosts polycarbonate
sheets demand on a large scale. The various polycarbonate sheet components used
in a vehicle include front light bezels, interior linings, front light bezels,
entryway handles, etc. Polycarbonate sheets weighs less than the products
traditionally used in the automotive & transportation sector and this has
directly contributed to low fuel consumption. These sheets has a long shelf
life which makes it appropriate for car components as over the years. The above
mentioned trends will boost the global polycarbonate sheets market size by
2025.
The
polycarbonate sheet market end use sector is divided into automotive and
transportation, electrical & electronics, building & construction and
others. The other end use sector comprise, agriculture, packaging, etc. From
these, building & construction sector dominate the entire segment and will
likely grow at a significant rate by 2025.
Based on geography, Asia Pacific held majority
of the polycarbonate sheets market share in 2018 and is likely to grow at an
upward CAGR by 2025. The growth will be attributed to rising building &
construction industry in the region, which will have a strong demand for
polycarbonate sheets for various applications in the coming years. Regional
consumer goods segment will also be a significant contributor to the
polycarbonate sheets demand. Rising number of automotive manufacturing plants
due to large raw material and skilled labor availability, will drive the
polycarbonate sheet market size in Asia Pacific.
In 2016,
total automotive sales in Asian region including: India, Australia, Malaysia,
China, Japan, Indonesia and Thailand were more than 40 million units. Expansion
in workforce and subsequent development of industrial infrastructure in Asia
Pacific will further drive the regional polycarbonate sheets market size in the
near future.
The main players in polycarbonate
sheet market share includes Covestro AG, Mitsubishi Gas Chemical Company,
Plazit-Polygal Group, Koscon Industrial, Brett Martin Ltd, SABIC, Trinseo,
Palram Industries, Lotte Chemicals, DS Smit, Polygal and others.
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Polycarbonate Sheet Market Size, Application Potential, By Product, 2019-2025
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Reviewed by GMI
on
September 11, 2019
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