Multinationals are constantly improvising their product portfolio to meet the existing requirements in sectors such as building and construction, automotive, packaging, and others. This factor is projected to boost the global market growth in the forthcoming years.
The Global Polycarbonate Sheet Market size is expected to reach USD 4.91 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.5% over the forecast period.
The Global Polycarbonate Sheet Market size is expected to reach USD 4.91 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.5% over the forecast period.
Growing consumer awareness regarding usage of environment-friendly polycarbonate sheets and plastic waste disposal, in compliance with the governmental regulations, is fostering demand for eco-friendly products. Usage of eco-friendly products leads to lower emissions thereby ensuring minimal environment degradation. Companies such as SABIC are integrated along the value chain from raw materials to finished goods production.
This enables the company to reduce raw material procurement cost and supply their goods to packaging, industrial, consumer goods, food and beverage, and laboratory among other end-use industries. Companies such as Chi Mei Corp., Idemitsu Kosan Co. Ltd., DuPont and others provide bisphenol A (BPA), an essential ingredient in the manufacturing process.
Asia Pacific emerged as the leading consumer of polycarbonate sheets in terms of revenue, followed by Europe. The rise in disposable income among consumer base is one of the key factors for the significant demand from construction as well as packaging industry. Increasing infrastructure spending owing to the foreign investments coupled with government support is further fueling the regional growth.
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Packaging and construction industries are expected to fuel demand for innovative products owing to their multiple applications and favorable characteristics. These sheets have a vast scope of application in the construction industry owing to their interior as well as exterior applications in buildings and construction sector.
Top Players of Polycarbonate Sheet Market:
Covestro, SABIC, Lotte Chemicals, and Teijin Industries among others, with extensive global presence dominate the polycarbonate sheet market.
Market Segmentation of Polycarbonate Sheet Market:
The Global Polycarbonate Sheet Market segmented on the basis of Application and Region.
By Application:
Building & Construction
Automotive
Packaging
Defense & Aerospace
Agriculture
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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