Germany polycarbonate sheets market is projected to grow at a CAGR of 7.20% during the forecast period to reach US$202.653 million by 2027, from US$124.549 million in 2020. Polycarbonate is used for various products, including auto parts, eyeglasses, lighting fixtures, medical devices, DVDs, and Blu-Rays, to name a few. Polycarbonate's effectiveness as a natural amorphous thermoplastic material stems from its potential to emit light internally just as efficiently as glass and endure impacts far more significantly than many other widely used materials. Moreover, the material's formability allows it to be formed at room temperature without fracturing or splitting and renewed without heat. That is the "amorphous" component. The term "thermoplastic" refers to the ability of polycarbonate and other related plastics to become liquid at their melting points, allowing for easy injection moulding and reprocessing.
Advantages of Germany Polycarbonate Sheets
Polycarbonate's longevity, visibility, corrosion resistance, and adaptability are just a few characteristics that have made it a popular material in a wide range of industries. Polycarbonate is also significantly less harmful than several other plastics, and its ease of recycling only keeps adding to its low carbon footprint. Furthermore, its high heat resistance can be improved with various industrial chemicals without compromising its other qualities. There is no other plastic in the industry that performs as well as polycarbonate. Because polycarbonate is clear, it can be used for various purposes. These benefits of polycarbonate sheets are projected to boost polycarbonate sheets in Germany during the predicted period.
Growth Driver for Germany Polycarbonate Sheets Market
Increasing awareness of environmentally friendly plastic waste disposal and polycarbonate sheets by national regulations increases the demand for sustainable and environmental products. Ecologically friendly materials reduce carbon emissions, minimizing potential ecological damage. Because of their various application and advantageous attributes, the construction and packaging industries are estimated to propel advanced designs. Due to their structural and functional applications in building structures and construction, these sheets have a wide range of usage in the building sector. Owing to its exceptional chemical and physical properties, polycarbonate sheets are used in many different industries. Thermoplastic polymers are prioritized in the automotive industry because of the increasing demands for recyclable materials, high-performance, and lightweight materials for interiors and exterior parts implementations.
Restraints
Polycarbonate sheets are progressively being used in a spectrum of uses due to their unique properties. They do, however, comprise bisphenol A, which is not appropriate for use in the foodservice industry. Polycarbonate sheets are used to produce automotive components, DVDs, CDs, and building roofing materials. Still, their unforeseen disposal in streams and rivers or the sea poses an existential threat to marine life. These factors are expected to hinder the growth of the polycarbonate sheet market in the country. The increased cost of polycarbonate sheets for roof installation, their damage tolerance, and many other factors preclude their uses and are presumed to slow the growth of the German polycarbonate sheet market.
COVID-19 Impact on Germany Polycarbonate Sheets Market
Because of the continuous shutdown in several parts around the globe, the infestation of the COVID-19 pandemic resulted in the temporary or permanent shutdown of manufacturing plants that do not fall under essential commodities. Most industrial units in the country have had to close or suspend their processing activities. The COVID-19 outbreak has impacted both sales and production of polycarbonate sheets. The expansion of COVID-19 in many countries around the world interrupted production operations in sectors such as construction and automotive, causing a reduction in the consumption of polycarbonate sheets.
The health crisis affected the chemical industry value chain significantly, which led to a substantial impact on the sector. According to the OEC, in 2020, Germany's exports of polycarbonates in primary forms totaled US$ 815 million, while imports totaled US$ 398 million, making it the world's third-largest exporter of polycarbonates in primary forms. Furthermore, exports were down by 12 percent from 2019, amounting to US$ 922 million.
Germany Polycarbonate Sheet Market
Germany is predicted to be the most potential market for polycarbonate sheets, with expansion attributed to the increased industrial production to meet the national and soaring export market for high-quality polycarbonate sheets. Furthermore, the country's surge in end-use industry sectors is expected to fuel the research and development and technological inventions in polycarbonate sheets, predicted to propel the demand for polycarbonate sheets in Germany. The surge in trade in polycarbonate sheets in the country is expected to drive growth over the forecasted period. According to Destatis, the country's growing population, which is currently 83,878,596 people, is expected to drive up demand for polycarbonate sheets in the construction industry. Furthermore, the construction sector had a turnover of €307,5 billion in 2021. The running building and construction projects were 248,688 in 2021, dwelling 380,736, and living floor space 38,780, with a value of €130,388 million in 2021. The rising investment and projects in the construction industry are predicted to drive the market over the forecasted period.
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