According to the latest reports published by Research Cosmos, Polycarbonate Market is expected to register a CAGR of xx% during the forecast period 2019 - 2025.
Polycarbonates are high-performing thermoplastics which are highly suitable in building and construction applications.
Polycarbonate material possesses properties, such as lightweight, high optical clarity, durability, excellent thermal stability, high-impact and high-heat resistance, high transparency, cold formability, and also possess excellent flammability resistance, making it one of the most used plastic types in construction applications.
Polycarbonate sheets are used as a substitute for glass in a variety of skylight and window applications. They are also used as opaque cladding panels, barrel vaults, canopies, translucent walls, facades and signage, sports stadium roofs, louvers, and roof domes.
According to the European Construction Industry Federation (FIEC), the construction sector in Europe is expected to witness an overall turnover growth of 4% in 2018. Additionally, the value added to the construction sector is expected to rise by 13.4% in 2018, reaching EUR 264.860 billion. Furthermore, in 2017, construction activities in all 19 EUROCONSTRUCT associated countries are expected to rise by 3.5% in volume terms.
Hence, due to such factors, the market is expected to witness a rapid rise, during the forecast period.
Polycarbonate sheets and films are high-quality materials, which are increasingly being used for advanced applications.
They are currently replacing glass, toughened glass, and polyethylene membrane, as they offer a perfect combination of lightweight, high-impact strength, light transmission, frame-resistance, UV protection, anti-drop properties, as well as better aesthetic appearance.
These sheets are finding increasing applications in many fields, such as agriculture, automotive, industry, public buildings, sign and display, and ornaments. Additionally, clear polycarbonate sheets and films are as transparent as glass and weigh only half in comparison to the latter, thereby, making it easy to transport and install them.
Polycarbonate sheets and films, especially solid polycarbonate sheets, such as embossed and frosted sheets, have extremely high impact strength. The impact strength of the polycarbonate sheet is about 200 times higher than the common glass and 2 to 20 times higher than tempered glass.
They are suitable for applications that have high chances of encountering hail, high wind, and storm rain. Further, frosted and embossed polycarbonate sheets are used for decoration purposes.
Currently, the electrical and electronics industry is the largest end-user segment for polycarbonate films in applications, such as lighting applications, printed circuit boards, battery packs, labels and overlays, LED/LCD displays, and others. However, the market for polycarbonate sheets and films is expected to witness maximum growth in the automotive industry.
Regionally, Asia-Pacific is expected the highest share in the market, accounting for approximately 59% of the global market share in 2019. An increase in the income of the middle-class population has resulted in an increase in the demand for electronic components and automobiles in Asia-Pacific, in turn, making the region an area of immense potential and opportunities for the polycarbonate market.