For the years, global polycarbonate films market has experienced the moderate growth. Its application scope in transportation, medical and electronic industry is driving the growth of this market. Polycarbonate films properties is another factor for its growth. It has special properties suitable for the application in various industries. In addition to this, the safety features of the polycarbonate films in electronic industry has been establishing its importance for the specific application. Asia Pacific, for instance, expecting demand for light weight polycarbonate films and is likely to support the trend in major industries. As per industry experts, Asia Pacific to dominate the major consumption trend of polycarbonate films and provide several growth gains.
Some of the prominent players operating in the global polycarbonate films market are SABIC (Saudi Arabia), Covestro (Germany), Teijin Limited (Japan), 3M Company (U.S.), Suzhou Omay Optical Materials co., Ltd. (China), and Mitsubishi Gas Chemical Company, Inc (Japan), Excelite (China) MGC Filsheet co. Ltd (Japan) among others, and Rowland Technologies (U.S).
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The global polycarbonate films market is segmented into product type and end-user. On the basis of the product type, the market is segregated into optical, flame, retardant, weatherable, and others. The market by the end use industry is bifurcated into electrical and electronics, transportation, and medical packaging.
Latest Industry news:
May 16, 2017- Covestro expanded the production capacity of polycarbonate in China. German based martial producer company Covestro has announced the production capacity expansion in its Shanghai based plant. Earlier the y have been producing the polycarbonate 400,000 tons per and with the additional capacity they will be producing the overall production of 600, 000 tons per year. The expansion activity is undertaken as a result of the strong customer demand and debottlenecking of production lines. The proposed production will comes in 2019. The impact of the expansion will be seen in sustaining the market flagship of Covestro in the polycarbonate films and creating strong market image.
January 26, 2016 – Covestro one of popular polycarbonate films producer has made a significant investment in the polycarbonate films production. The investment has been undertaken at Germany based plant which is of USD 20 million. The major reason behind this investment is, Covestro is building a co-extrusion plant to manufacturing flat films and the investment supposed to drive the proposed plant. With the target market of automotive, medical and security cards, they have been developing the flat polycarbonate films and likely to develop diverse series of products. The overall impact of this investment will be seen in carting the specific requirement by the consumers in the specific application oriented products in polycarbonate segment.
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October 12, 2016 – HOYA Copr. has signed definitive agreement of acquire the Performance Optics LLC. As per stated in the agreement acquisition will be included the operating subsidiaries of Performance Optics LLC such as VISION EASE and Deamyung Optical. Performance Optics LLC is a polycarbonate producers in ophthalmic and their acquisition will avail its established market image in polycarbonate segment to HOYA corp. As per our analysis, the HOYA corp will have an enhanced operation in the ophthalmic to provide polycarbonate films by catering specific applications.
October 14, 2016- Covestro started a new polycarbonate plant in Shanghai in order to bridge Asian demand for the polycarbonate products. They will be starting the production of 400,000 of polycarbonate to cater the increasing demand in Asia Market. Demand for light weight, highly transparent and easy to shape polycarbonate on the rise in Asia Pacific Market. The palnt will be avail the added benefits while gauging the customer demand snd expected to eliminate the demand and supply gap.
Detailed Analysis Report:
The global polycarbonate films market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing market with an expanding CAGR. The presence of the most populated countries of the world such as India and China in this region has augmented the demand for various sectors such as electronics and automotive among others, which in turn is anticipated to fuel the demand for polycarbonate films in the region. Moreover, the growing government encouragement for the use of recyclable and environment friendly material is further adding to the growth of the market.
The European region is estimated to witness a significant growth in the countries owing to burgeoning automotive industry. The increasing use of polycarbonate films owing to its low VOC content is also fuelling its demand.
The North American market of polycarbonate films is mainly driven by the U.S. and Canada. The presence of the developed end user industries such as automotive and electronics coupled with the increasing adoption rate are the major factors contributing significantly to the growth of the market.
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