2019 Polycarbonate Sheet Market - Latest trends, Growth and Forecast up to 2024

Polycarbonate Sheet Market size is positively influenced by construction industry as it is one of the major end-users of polymer composites and plastics. Advanced thermoplastics have been gradually replacing traditional materials in the sector. Polycarbonate sheets construction applications include window, roof domes, skylights to wall panels, signage, building panels, etc. Increasing specialty plastics demand in safety windows, roofing, domes/sky lights, doors and cables is expected to complement polycarbonate sheet market growth in construction industry. Increased end-use sector demand for nominal maintenance materials, lightweight & savings in raw material costs are fueling the usage of high performance thermoplastics in building & construction applications.

The U.S. building & construction sector spending has risen substantially from over USD 800 billion in 2012 to USD 1,100 billion in 2016. This can be attributed to growing re-construction projects in the U.S. coupled with surge in investments on public infrastructure segment. The product is recyclable and extremely resistant to the harmful effects of cleaning agents. The above mentioned factor will spur the overall polycarbonate sheets demand in future.

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Automobile production boosts polycarbonate sheets demand on a large scale. The various polycarbonate sheet components used in a vehicle include front light bezels, interior linings, front light bezels, entryway handles, etc. Polycarbonate sheets weighs less than the products traditionally used in the automotive & transportation sector and this has directly contributed to low fuel consumption. These sheets has a long shelf life which makes it appropriate for car components as over the years. The above mentioned trends will boost the global polycarbonate sheets market size by 2025.

The polycarbonate sheet market size is bifurcated into product and end use sector. The product segment comprises multi walled, solid and corrugated polycarbonate sheet. Among these, solid sheets will witness the significant growth in coming years as the product is substantially used for roofing sheds, swimming pools, gardens, porticos, etc. This is all due to its superior physical properties such as high strength, heat resistance, etc.

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The polycarbonate sheet market end use sector is divided into automotive and transportation, electrical & electronics, building & construction and others. The other end use sector comprise, agriculture, packaging, etc. From these, building & construction sector dominate the entire segment and will likely grow at a significant rate by 2025.

Based on geography, Asia Pacific held majority of the polycarbonate sheets market share in 2018 and is likely to grow at an upward CAGR by 2025. The growth will be attributed to rising building & construction industry in the region, which will have a strong demand for polycarbonate sheets for various applications in the coming years. Regional consumer goods segment will also be a significant contributor to the polycarbonate sheets demand. Rising number of automotive manufacturing plants due to large raw material and skilled labor availability, will drive the polycarbonate sheet market size in Asia Pacific.

In 2016, total automotive sales in Asian region including: India, Australia, Malaysia, China, Japan, Indonesia and Thailand were more than 40 million units. Expansion in workforce and subsequent development of industrial infrastructure in Asia Pacific will further drive the regional polycarbonate sheets market size in the near future.

The main players in polycarbonate sheet market share includes Covestro AG, Mitsubishi Gas Chemical Company, Plazit-Polygal Group, Koscon Industrial, Brett Martin Ltd, SABIC, Trinseo, Palram Industries, Lotte Chemicals, DS Smit, Polygal and others.

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