Weatherable Polycarbonate Films Market Size and Growth Rate:
According to the Research Report, the Global Weatherable Polycarbonate Films Market is expected to Reach USD 1.89 Billion by 2025 with a CAGR of 6.0% during the forecast period 2019-2025.
Weatherable Polycarbonate Films Market-Drivers and Restraints:
In addition to the UV-resistant competitive properties of weatherable polycarbonate films, excellent optical properties, high machinability, high thermal stability, desirable electrical properties, and chemical resistant properties increased its adoption in a large number of industries. Weatherable polycarbonate films and sheets have replaced glass in many applications, such as windshields for automobiles, airplanes, and boats. Several developments in processing technology for the conversion of these films and sheets have driven the global market, including printing, lamination and cutting technologies. Greenhouse roofs, electronic screens, and windbreaks are some of the key applications of weatherable polycarbonate films. Despite the surprising properties of weatherable polycarbonate films, the non-ecological nature of polycarbonate is expected to slow market growth due to growing intolerance for conventional or oil-based plastic materials. The growing demand for plastics and biodegradable materials has had a negative impact on the market for weatherable polycarbonate films. The reduction, which decreases the thickness of weatherable polycarbonate films without affecting the desirable properties, is one of the main trends in the world market.
Weatherable Polycarbonate Films Market - Key Growth Driving Forces:
Weatharable polycarbonate films market is growing tremendously with the rise in the need to protect the products from the UV radiations. Due to rise in the level of UV radiations, the materials life time is degrading when exposed for longer time so there is growing demand for these films in the end user industries. The rise in the utilization of polycarbonate films in the various fields is accelerating the demand of the market. This material is used in automobiles for the manufacturing of windshield which is lavishing the demand of the market.
Emerging of advanced technology and also introduction of various innovative products for the effective results is also lavishing the demand of the market. Development of electronic devices with the latest technology is escalating the demand and is another important factor boosting up the growth of the weatherable polycarbonate films market. The film thickness is decreased without change in the properties is setting up the growth opportunities for the market.
Factors Limiting the Growth of Weatherable Polycarbonate Films Market:
However, fluctuations in the availability of raw materials are increasing the price of the final products which is restraining the growth of the market. Stringent rules and regulations by government in concern towards the environmental safety are slightly declining the growth of the market. Replacement of these films with alternate substitutes such as acrylic films is hampering the demand of the market.
Weatherable Polycarbonate Films Market - Regional Presence:
Geographically, the weatherable polycarbonate films market is bifurcated into North America, Asia Pacific, Europe, Latin America, Middle East and Africa. North America is witnessed to have highest shares of the market. The increased consumption rate of the polycarbonate films for the protection of materials from the exposure of the sun light is greatly impacting on the positive growth of the market.
Following North America, Asia Pacific is accounted to lead the highest shares of the market. With the rise in the demand from the automobiles and aircrafts sector for the manufacturing of quality windshield is ascribed to bolster the demand of the market. Europe and Latin America are anticipated to have the highest shares of the market. With the rising demand from the packaging industries, the demand for the weatherable polycarbonate films market is growing tremendously. Middle East and Africa is projected to have fastest growth rate in the coming years with the increasing support from the government in investing on the end user industries for the profits and to raise the economy.
Some of the Promising Companies leading the Global Weatherable Polycarbonate Films Market Profiled in the Report are:
- Covestro AG
- Mitsubishi Gas Chemical Company, Inc.
- 3A Composites GmbH
- TEKRA, A Division of EIS, Inc.
- Spartech LLC
- MG Polyplast Industries Pvt. Ltd.
- Alro Plastics
- Flexituff Industries
The Research Report segments the Weatherable Polycarbonate Films Market into the following submarkets:
Weatherable Polycarbonate Films Market - By Thickness:
- Up to 200 micron
- 200 to 350 micron
- 350 to 500 micron
- 500 to 750 micron
- Above 750 micron
Weatherable Polycarbonate Films Market - By surface finish:
Weatherable Polycarbonate Films Market - By Application:
- Outdoor Lenses
- Marine Applications
- Sign Boards
- Electronic Displays
- Window Glass
Weatherable Polycarbonate Films Market - By End-users:
- Electrical & electronics
- Building & Construction
- Aerospace & Automobile
- Industrial Equipment & Machinery
Weatherable Polycarbonate Films Market - By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa