Electrical & electronics industry is projected to
increase the demand for polycarbonate sheets. Growth in automotive
industry along with increased demand from the construction sector
for roofing application, modern building wall, decoration of
commercial building, and others is the main driver of polycarbonate
sheets market. United States Market is projected to rise at
a CAGR of 2.9% by 2034.
NEWARK, Del., June 20, 2024 /PRNewswire/ -- According to Future
Market Insights (FMI), the worldwide polycarbonate sheet
market is expected to reach USD
2076.6 million in 2024 and USD
3415 million by 2034. The market is projected to
rise at a CAGR of 5.1% by 2034.
Polycarbonate sheets find extensive application across
industries for their outstanding physical and chemical attributes,
encompassing durability, impact resistance, and UV protection. In
developing nations, the automotive sector drives growth by
prioritizing weight reduction and cost efficiency through
integrated modular design.
India and China's infrastructure investments drive
demand for transparent roofing in residential and industrial
sectors, fueling growth in emerging markets. As the population
increases, demand for better farming appliances also increases,
with governments providing financial aid to farmers.
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Polycarbonate sheets are gaining traction in greenhouses,
livestock breeding, and nurseries for plants, providing excellent
UV protection. The growth of the polycarbonate sheet market is
expected to be boosted by the increasing demand from various
end-use industries, particularly for high-performance, lightweight,
and recyclable materials. The automotive industry is particularly
interested in thermoplastic polymers, which are highly
effective.
Governments in emerging countries are investing in
infrastructure development to cushion the growth of the
polycarbonate sheet market. However, the environmental effects of
polycarbonate sheets are projected to impede growth in the
future.
Key Takeaways from the Polycarbonate Sheet Market
Report:
- The polycarbonate sheet industry is expected to reach a value
of USD 3415
million by 2034.
- The market is projected to surge at a CAGR
of 5.1% by 2034.
- China's polycarbonate sheet
market is expected to grow at a CAGR of 5.7% by
2034.
- The United States is projected
to surge at 2.9% CAGR by 2034.
- Based on end-use, the building and construction segment is
expected to hold a market share of 41.5% in
2024.
"Developing countries like India, China,
and Brazil offer lucrative
opportunities for the growth of the polycarbonate sheet market.
China is a leading consumer of
polycarbonate in industries such as automotive, electrical and
electronics, construction, food packaging, and healthcare. Growing
population in these countries has led to the infrastructural growth
of medical equipment and healthcare facilities, further
contributing to the polycarbonate sheet
market." – Says Nikhil
Kaitwade, Associate Vice President at Future Market Insights
(FMI).
Competition Outlook
Leading companies are investing in research and development to
develop diverse products, increasing global application scope and
business prospects. These multinationals maintain market leadership
due to strong supply chain networks and constant product
innovations. Key companies are undertaking strategic activities
like new product launches, contractual agreements, mergers,
acquisitions, higher investments, and collaborations.
Industry
Updates-
- In 2023, Trinseo inaugurated a polycarbonate dissolution
pilot facility in Terneuzen, Netherlands, enabling the extraction of 100%
recycled polycarbonate for sustainable material development.
- In 2022, The Exolon Group introduced Exolon® multi U.V.
Hybrid X, a new, stronger, more flexible, and sustainable multiwall
sheet, enhancing market presence.
Polycarbonate Sheet Market Key Players
- SABIC
- Trinseo
- Spartech
- Covestro
- Gallina India
- Evonik Industries
- Mitsubishi Gas Chemical
- Arla Plast
- 3A Composites
- Excelite
- Palram Industries
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an
unbiased analysis of the global polycarbonate sheet market
presenting historical demand data (2019 to 2023) and forecast
statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the polycarbonate
sheet market based on type (solid, multiwall, and corrugated),
end-use (building and construction, electrical and electronics, and
automotive), and region
About the Chemicals and Materials Division at Future Market
Insights (FMI)
The chemicals and materials division of Future Market Insights
(FMI) offers a distinct and pinpoint analysis of the chemicals and
materials industry. This exhaustive coverage extends from
commodity, bulk, specialty, and petrochemicals to advanced
materials, composites, and nanotechnology in particular, with
special emphasis on 'green alternatives, recycling and renewable
technology developments, and supply-demand-trade assessment. Our
research studies serve as referencing market guidelines for
chemical manufacturers, research institutions, channel partners,
and government bodies for developing – 'The Way
Forward'.
Author
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
Have a Look at Related Research Reports of Chemicals
& Materials
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the
Stevie Award, and a member of the Greater
New York Chamber of Commerce) offers profound insights into
the driving factors that are boosting demand in the market. FMI
stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and
Chemicals markets. With a vast team of ~400 analysts worldwide, FMI
provides global, regional, and local expertise on diverse domains
and industry trends across more than 110 countries.
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