Covestro AG, SABIC and 3A Composites, are some of the key players in the Global Polycarbonate Sheets Market
The recent report by Knowledge Sourcing Intelligence LLP, titled, “Global Polycarbonate Sheets Market – Forecasts from 2018 to 2023” covers in-depth analysis of the market on the basis of sheet type, end-user industry, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the global polycarbonate sheets market by type (solid, corrugated, multiwall), end-user industry (electrical and electronics, automotive, construction, agriculture, others), and geography (North America, South America, Europe, Middle East and Africa, and the Asia Pacific). Polycarbonates are strong, hard, and transparent thermoplastics that are known for being moldable, durable and lightweight. Increasing use of polycarbonate sheets in roofing owing to their ease of installation, durability, excellent insulation and aesthetic appeal is driving the global polycarbonate sheets market growth. Burgeoning need for lightweight vehicles in the automotive sector is augmenting the demand for polycarbonate sheets in the sector. The market is expected to grow at a steady pace owing to its increasing penetration in multiple applications such as power distribution, garden equipment, medical devices, and others.
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Multiwall polycarbonate sheets hold a significant share in the market.
Multiwall polycarbonate sheets are the most widely used form of polycarbonate. Its growth is mainly attributed to its increasing use in conservatories, canopies, vertical glazing, displays, roofing, walkways, swimming pool covers, insulation and others owing to the abrasion resistance, chemical protection, strength and impact resistance, UV protection, and transparency provided by these sheets.
Hybrid and electric vehicles are boosting the demand for polycarbonate sheets in the automotive industry.
The automotive industry is holding a significant share in the market and is further projected to grow rapidly on account of increasing production of electric vehicles and growing focus by the automotive manufacturers to improve the energy efficiency of the vehicles. The automotive manufacturers are striving to become more efficient to comply with the fuel economy standards. The heart of future electric cars and hybrid vehicles is a lithium-ion battery. In order to position a large number of battery cells precisely and in a small space, the manufacturers are coming up with polycarbonate blends to meet the requirements.
The Asia Pacific holds a noteworthy share in the market
The Asia Pacific polycarbonate sheets market is estimated to hold a significant share in the global market, and the region is further anticipated to grow at a good CAGR during the forecast period on account of growing automotive sector in the region. Increasing construction activities across the region are expected to boost the demand for polycarbonate sheets.
Some of the major players discussed in the reports are Covestro AG, SABIC, 3A Composites GmbH, Evonik Industries AG, Mitsubishi Chemical Corporation, Koscon Industrial S.A., and Işık Plastik, among others.
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