A new analysis report on the global polycarbonate sheet market which is forecasted between 2022 and 2028, has been published by Knowledge Sourcing Intelligence. The primary factor expected to propel the growth of the worldwide polycarbonate sheets market is the rising demand for these sheets due to their unique qualities in the automotive and transportation sectors, as well as the growing need for automobiles that are lightweight and fuel-efficient. Considering polycarbonate sheets are lightweight and extremely impact-resistant, they are the perfect material for use in automobile applications including window glazing, instrument panels, and headlight lenses. Furthermore, polycarbonate sheets provide superior impact resistance compared to conventional materials like glass. They can thereby contribute to the vehicle’s weight reduction, increasing fuel economy and reducing emissions in addition to offering superior impact resistance and optical clarity.
As per the report, the global polycarbonate sheets market is estimated to grow at a CAGR of 4.24% during the forecast period to reach a market size of US$2.306 billion in 2028, from US$1.724 billion in 2021.
A transparent thermoplastic that comes in sheets is called polycarbonate. Thermoplastic polymers are plastic materials that solidify at low temperatures and become moldable at higher ones. Polycarbonate is very impact-resistant since it is very resilient and absorbs very little moisture. It also resists chemicals and flames. Polycarbonate sheet is hygienic, clear, and long-lasting. Because of its many advantages, including simplicity of manufacturing, cheap cost, adaptability, resistance, sound barrier, UV protection, etc., polycarbonate sheets may be used in place of glass and acrylic in a variety of applications. There are several thicknesses and grades available for these sheets. They weigh far less than glass and are stronger, more resilient, and less likely to break or crack. Because polycarbonates are easily molded and thermoformed, they are utilized in a variety of applications, including window glazing, skylights, riot shields, medical equipment, food processing, and exhibitions, and displays. Polycarbonates are strong, durable materials used in engineering. Polycarbonate sheets are widely recognized for their exceptional resilience to impacts and longevity. Polycarbonate sheets are the best way to improve living areas, both indoors and out, because of their excellent UV protection and great insulating qualities. The growing demand from end-use industries across a range of end-use sectors and the growing popularity of polycarbonate over traditional materials are predicted to fuel expansion in the global polycarbonate sheets market over the projected period. Thermoplastic polymers are very effective and in great demand in the automobile sector due to the growing need for lightweight, high-performance, and recyclable materials for applications involving both exterior and interior elements.
The market is witnessing multiple collaborations and technological advancements, for instance, Trinseo announced the opening of their polycarbonate (PC) dissolving pilot facility in Terneuzen, the Netherlands, in May 2023. This is a significant step towards a sustainable future as it will allow them to extract 100% recycled polycarbonate for the manufacturing of new materials.
Based on type the global polycarbonate sheet market is divided into solid, corrugated, and multiwall. During the forecast period, the solid segment is anticipated to have the highest share of the polycarbonate sheets market by type. In terms of impact resistance and light transmission, a solid polycarbonate sheet performs better than a hollow polycarbonate sheet. As a result, it works particularly well in situations where light is required immediately, including lamp boxes, hood lighting, industrial stores, and greenhouses. In terms of clarity, a solid polycarbonate sheet resembles glass. These sheets are ideal for a variety of applications due to their outstanding light transmission, strong impact strength, lightweight design, superior thermal insulation, and flame resistance.
Based on end users the global polycarbonate sheet market is divided into electrical and electronics, automotive, construction, agriculture and others. Throughout the forecast period, the building and construction sector is anticipated to hold the top spot among the polycarbonate sheet market’s end-use industry segments. Applications in building and construction are growing as more architects become aware of the advantages of using polycarbonate sheets for cladding, skylight roofing, and other applications that call for a high level of aesthetic appeal combined with sustainability and sturdiness. The product’s excellent impact and heat resistance, great optical clarity, lightweight and durability, and other qualities make it useful as well. Since it works well as an alternative to glass materials or acrylic sheets, there will likely be a large increase in demand shortly. Glass-clad laminates are widely employed in the industry because they provide resistance to powerful ballistics as well.
Based on Geography the Asia Pacific dominated the market share. Owing to its rapid industrialization and expanding economy, the Asia Pacific region held a large proportion of the worldwide market. There is a growing need in the Asia Pacific region to replace traditional materials like glass, wood, metal, and others. This need is particularly present in developing nations like China, India, Thailand, and Indonesia. When it comes to the rapidly expanding aviation sector in Asia Pacific, China leads the way. A key driving force behind the need to decrease vehicle weight and improve fuel efficiency is the aviation sector, which also has additional uses for interior décor. It is anticipated that this will encourage the product’s growth in the area throughout the projection period.
As a part of the report, the major players operating in the global polycarbonate sheet market, that have been covered are Covestro AG, SABIC, 3A Composites GmbH, Mitsubishi Chemical Corporation, Gallina, Palram Industries Ltd., Emco Industrial Plastics, Trident Plastics, Inc., UVPLASTIC Material Technology Co., Ltd, Ug Plast Inc.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-polycarbonate-sheets-market
These analytics report segments the global polycarbonate sheet market on the following basis:
- By Type
- By End-User Industry
- Electrical and Electronics
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America