Polycarbonate Sheets Market - Forecast(2024 - 2030)
Polycarbonate Sheets Market Overview
Polycarbonate Sheets Market size is forecast to reach $3.22 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. The demand for polycarbonate sheet is increasing from building construction, electrical & electronics, automotive, aircraft, and more due to excellent flexibility. Carbonates have a broad range of outstanding properties including temperature resistance, impact resistance and optical properties, which posted polycarbonates between commodity plastics and engineering plastics. Polycarbonate sheet is widely used for panel roofing because it allows light to inter with extreme optical clarity, flammability resistance, and heat resistance. Thus, increasing demand for residential building is creating growth for polycarbonate sheet. For instance, according to the “India Brand Equity Foundation (IBEF)”, Under Pradhan Mantri Awasa Yojana (Urban), in India 1.12 crore houses have been sanctioned in urban areas, which is creating demand for polycarbonate sheets. Also, India plans to spend US$ 1.4 trillion on infrastructure by 2025. Polycarbonate sheets are available as corrugated multiwall sheets, embossed sheets, and others. Thus, the increasing demands for transparent sheets and corrugated multiwall sheets form construction, transportation, and automotive industry will drive the growth of the polycarbonate sheets market.
Covid-19 Impact
Report Coverage
Key Takeaways
- Asia-Pacific dominates the polycarbonate sheets market owing to increasing demand for transparent sheet in from various industries such as construction, automobile, and greenhouse.
- According to “India Brand Equity Foundation (IBEF)”, In FY19, 10,855 km of highways were constructed. Thus, the Indian Government aims to construct 65,000 km of national highways worth at Rs 5.35 lakh crore (US$ 741.51 billion) by 2022.
- Increasing adoption of polycarbonate sheets in construction industry due to its durability, strength, and ease to fit without and cracking will increase the market demand for polycarbonate sheets market.
- Increasing usage of sheets in residential sector for panel roofing will exhibit growth of the polycarbonate sheets market during this forecast period.
Polycarbonate Sheets Market Segment Analysis - By Type
Polycarbonate Sheets Market Segment Analysis – By Techniques
Based on techniques, injection molding has a significant share of more than 20% in the polycarbonate sheets market followed by extrusion acquires in 2020 because it reduces viscosity of polycarbonate sheet at high temperature. Injection molding is mostly used process to produce parts made from polycarbonate and their blends. In this process, the hot sheet melt is pressed through into a mold with high pressure. The mold when cools, gives the molten sheet its desirable shape like polycarbonate bottles, plates, and so on. Polycarbonate sheet is an excellent material for baby bottles, refillable water bottles, sippy cups, and beverage containers after extrusion and injection molding process. Additionally, in extrusion process, after melting the polycarbonate sheet, to give it the final shape. The process is used to manufacture polycarbonate sheet, profiles and long pipes at 200-300 o C. thus, these processes are highly required in polycarbonate sheets market.
Polycarbonate Sheets Market Segment Analysis – By End Use Industry
Electronical and electronics industry driven the polycarbonate sheets market in 2020 with a share of more than 25%, due to their high dimensional stability polycarbonate sheets are suitable for the manufacturing electronic equipment such as CDs, smart phone, LEDs, electronics devices, DVDs and more. Polycarbonate is used in passenger car for interior and exterior body parts for having rigidity and excellent creep resistance. Hence, the increasing production and exportation of vehicles are boosting the demand of polycarbonate sheets. According to “India Brand Equity Foundation (IBEF)”, the exportation of automobile reached 4.77 million vehicles in FY20 and growing at a CAGR of 6.94% during FY16-FY20. However, because of lightweight this sheet allows virtually possibilities to design OEMs and also increase efficiency, easy installation and reduce overall transportation costs. According “IBEF”, OEMs supplies contribute domestically 55.97% of the automotive industry turnover. Thus, increasing exportation number of vehicles are contribute to market growth in polycarbonate sheets industry.
Polycarbonate Sheets Market Segment Analysis - By Geography
Asia Pacific dominated the polycarbonate sheets market in 2020 with a share of more than 40%, due to increasing R&D activities related with polycarbonate sheet and increasing demand form end use industries such as automotive, building & construction, medical sector, and more in the region. In January 2018, “SABIC” launched “LEXAN CXT” resin, a new line of high-clarity, high-heat, and injection moldable polycarbonate copolymer resin used in the optical electronics, consumer & industrial, and healthcare industries applications. With this launch, the company has strengthened its portfolio of polycarbonate sheets. Moreover, according to the “China Association of Automobile Manufacturers (CAAM)”, China’s auto sales may grow around 4% to 26.3 million units in 2021. Additionally, according “IBEF”, Asia Pacific accounted for a volume share of 29 % during FY19 in Indian auto component exports. Thus, rising demand for automobile in the countries such as India and China to change living standards in the region is another factor expected to boost the growth of the polycarbonate sheets market.
Polycarbonate Sheets Market Drivers
Increasing Demand from Building and Construction
Increase Demand of Polycarbonate Sheet for ID Cards Printing
Polycarbonate Sheets Market Challenges
Decline in Automotive Industry
Fluctuating Raw Material Prices
Polycarbonate Sheets Market Landscape
Acquisitions/Technology Launches
- In January 2020, Exolon Group signed a deal with Covestro AG for the acquisition and Covestro AG signed a deal with Serafin Group for the sale of its European polycarbonate sheets business. It includes manufacturing units in Belgium and Italy, central management operations, and sales support in Europe.
- In July 2019, Lotte Chemical and GS Energy agreed to invest around KRW 800 billion in a large-size petrochemical business. The deal was to ensure a stable supply of polycarbonate materials and for the growth of the C4 oil business.
Relevant Reports
LIST OF TABLES
1.Global Polycarbonate Sheets Market By Type Market 2023-2030 ($M)1.1 Solid Market 2023-2030 ($M) - Global Industry Research
1.2 Multiwall Market 2023-2030 ($M) - Global Industry Research
1.3 Corrugated Market 2023-2030 ($M) - Global Industry Research
2.Global Polycarbonate Sheets Market By End-Use Industry Market 2023-2030 ($M)
2.1 Building & Construction Market 2023-2030 ($M) - Global Industry Research
2.2 Electrical & Electronics Market 2023-2030 ($M) - Global Industry Research
2.3 Automotive & Transportation Market 2023-2030 ($M) - Global Industry Research
3.Global Polycarbonate Sheets Market By Type Market 2023-2030 (Volume/Units)
3.1 Solid Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Multiwall Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Corrugated Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Polycarbonate Sheets Market By End-Use Industry Market 2023-2030 (Volume/Units)
4.1 Building & Construction Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Electrical & Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Automotive & Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Polycarbonate Sheets Market By Type Market 2023-2030 ($M)
5.1 Solid Market 2023-2030 ($M) - Regional Industry Research
5.2 Multiwall Market 2023-2030 ($M) - Regional Industry Research
5.3 Corrugated Market 2023-2030 ($M) - Regional Industry Research
6.North America Polycarbonate Sheets Market By End-Use Industry Market 2023-2030 ($M)
6.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
6.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
6.3 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
7.South America Polycarbonate Sheets Market By Type Market 2023-2030 ($M)
7.1 Solid Market 2023-2030 ($M) - Regional Industry Research
7.2 Multiwall Market 2023-2030 ($M) - Regional Industry Research
7.3 Corrugated Market 2023-2030 ($M) - Regional Industry Research
8.South America Polycarbonate Sheets Market By End-Use Industry Market 2023-2030 ($M)
8.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
8.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
8.3 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
9.Europe Polycarbonate Sheets Market By Type Market 2023-2030 ($M)
9.1 Solid Market 2023-2030 ($M) - Regional Industry Research
9.2 Multiwall Market 2023-2030 ($M) - Regional Industry Research
9.3 Corrugated Market 2023-2030 ($M) - Regional Industry Research
10.Europe Polycarbonate Sheets Market By End-Use Industry Market 2023-2030 ($M)
10.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
10.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
10.3 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
11.APAC Polycarbonate Sheets Market By Type Market 2023-2030 ($M)
11.1 Solid Market 2023-2030 ($M) - Regional Industry Research
11.2 Multiwall Market 2023-2030 ($M) - Regional Industry Research
11.3 Corrugated Market 2023-2030 ($M) - Regional Industry Research
12.APAC Polycarbonate Sheets Market By End-Use Industry Market 2023-2030 ($M)
12.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
12.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
12.3 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
13.MENA Polycarbonate Sheets Market By Type Market 2023-2030 ($M)
13.1 Solid Market 2023-2030 ($M) - Regional Industry Research
13.2 Multiwall Market 2023-2030 ($M) - Regional Industry Research
13.3 Corrugated Market 2023-2030 ($M) - Regional Industry Research
14.MENA Polycarbonate Sheets Market By End-Use Industry Market 2023-2030 ($M)
14.1 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
14.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
14.3 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Polycarbonate Sheets Market Revenue, 2023-2030 ($M)2.Canada Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
3.Mexico Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
4.Brazil Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
5.Argentina Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
6.Peru Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
7.Colombia Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
8.Chile Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
9.Rest of South America Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
10.UK Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
11.Germany Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
12.France Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
13.Italy Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
14.Spain Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
15.Rest of Europe Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
16.China Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
17.India Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
18.Japan Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
19.South Korea Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
20.South Africa Polycarbonate Sheets Market Revenue, 2023-2030 ($M)
21.North America Polycarbonate Sheets By Application
22.South America Polycarbonate Sheets By Application
23.Europe Polycarbonate Sheets By Application
24.APAC Polycarbonate Sheets By Application
25.MENA Polycarbonate Sheets By Application
26.Sabic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Covestro AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Trinseo S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Teijin Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Evonik Industries AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Excelite, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Plazit-Polygal Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Arla Plast Ab, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.3A Composites GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)