Global Polycarbonate Sheets Market Expected To Reach US$2.32 Bln By 2026

Global polycarbonate sheets market expected to reach US$2.32 bln by 2026

06-Jul-19

The global polycarbonate sheets market was value US$1.62 bln in 2017, and is expected to reach US$2.32 bln by 2026, at a CAGR of 4.6 % during forecast period, as per Maximize Market Research. Factors such as increasing consumption of polycarbonate sheets in the automotive and construction industries due to effective characteristics offered by them are driving the growth of the polycarbonate sheets market. The recovering construction industry in Europe and rapidly growing investments in the construction sector in many Asian countries, are expected to enhance the growth of multi-walled polycarbonate sheets in the coming years. The population is exponentially increasing in the Asia Pacific region, which leads to the growing demand for polycarbonate sheets from automotive, aerospace, and construction industries. Rise in disposable income coupled with favorable government schemes for the food processing industry, is significantly driving food sector in U.S. and Europe.

Polycarbonates are a group of thermoplastic polymers containing carbonate group. It is a thermoplastic polymer that occurs in a transparent crystalline form. Due to the unique and performance characteristics of polycarbonate have increased its applications in major industrial sectors, such as medical devices, automotive, IT-hardware, electronics, and building & construction sectors. Clear polycarbonate sheets are transparent as glass and weigh only half in comparison to the latter, thereby, making it easy to transport and install them. 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.
Based on the type, the solid segment of the polycarbonate sheets market is expected to witness the highest growth during the forecast period. The growth of the solid polycarbonate sheets segment can be attributed to the increased use of solid polycarbonate sheets in barrel vault roofing, roof lights, and glazing, as polycarbonate sheets are light in weight in comparison to glass.

Multiwall polycarbonate sheets are lightweight, provide high impact strength and thermal insulation, are UV resistant, and have exceptional transparency. These types of sheets are used for architectural roofing and glazing, skylights and sidelights, signage and displays, decorative partitions, and greenhouses.
Polycarbonate in landfills is definitely an environmental nightmare. It never biodegrades since it is made of petroleum. Furthermore, fluctuating raw material prices are the major factors that can hold this market back.