Polycarbonate Sheets Market Forecast & Trend | 2023-2028

Market Insights

The polycarbonate sheets market is estimated to grow from USD 1.7 billion in 2022 and is likely to grow at a CAGR of 5.14% during 2023-2028 to reach USD 2.3 billion by 2028.

Wish to get a Free Sample? Register Here.

What are Polycarbonate Sheets?

Polycarbonate Sheets are known to be versatile materials that are used in different areas such as food processing, medical equipment, and many others. These sheets are transparent in texture and are extremely tough along with the property of absorbing minimal moisture. Mainly, these sheets are water-resistant, chemical resistant, and also flame-retardant.

Polycarbonate also comes up with a number of other benefits too such as being scratch-resistant and it is an excellent insulator, even better than glass. Due to their transparency and other properties, these polycarbonate sheets can be also used in places where glass is needed to be used.

Market Dynamics

The polycarbonate sheets market is driven by a host of factors, some of which are noted below:

• The growing use of polycarbonate sheets by end-use industries, such as building & construction, electrical & electronics, and automotive & transportation.
• Polycarbonate sheets have the required physical properties such as excellent uniformity, high strength, and enhanced ductility and are easy and informal to use as these sheets help reduce construction time, and enable innovative construction ideas while reducing overall construction costs.
• Growth in the automotive industry is expected to boost the market growth. There is an increased use of polycarbonate sheets for producing headlamps, mirrors, and vehicle body parts globally.
• Growth of the agriculture industry, along with the rise in demand from the sector.

To get the full scope of the report, Register Here.

Challenges:

• Price fluctuations in raw materials: like BPA and phosgene affect polycarbonate sheet costs due to their sensitivity, potentially impacting manufacturers' profitability.
• Competition from other materials: Polycarbonate sheets face competition from alternate options like acrylic sheets and glass, which provide similar properties but come at a reduced cost.
• Limited recycling infrastructure: While polycarbonate sheets are recyclable, the lack of proper recycling facilities can hinder environmentally friendly disposal options.

Opportunities: 

• Increasing need for lightweight materials: The lightweight nature and strong strength-to-weight ratio of polycarbonate sheets make them well-suited for weight-sensitive applications like the automotive and aerospace sectors.
• Rising interest in energy-efficient materials: Transparent and insulating, polycarbonate sheets are well-suited for energy-conscious uses like building and construction applications.

Segment Analysis

Type

The market is segmented as solid, multiwall, corrugated, and others. The solid segment held a significant market share in 2022 & is estimated to have the highest growth in the coming five years. This growth can be attributed to the extensive adoption of polycarbonate sheets by end-use industries for various fabrication applications.

End-Use Industry Trends

The market is segmented as building & construction, electrical & electronics, automotive & transportation, and others. The building & construction segment accounted for the largest market share in 2022 & is expected to lead the market during the forecast period. The market is sustained by the high demand for polycarbonate sheets from end-use industries for various construction activities.

Region Analysis

Asia-Pacific dominated the market in 2022 & is expected to be the largest market in the coming five years. It is also estimated to have the highest growth during 2022-28. China and India are the growth engines of the region. Rapid urbanization and high demand from various end-use industries drive the market for polycarbonate sheets in the region.

Want to know which region offers the best growth opportunities, Register Here.

Europe and North America also offer sizeable growth opportunities in the coming five years. Europe ranks as the second-largest market for polycarbonate sheets, fueled by automotive, electrical & electronics, and building & construction sector demand. The automotive field leads, trailed by electrical & electronics and building & construction industries.

On the other hand, North America presents substantial growth prospects, propelled by automotive, electrical & electronics, and building & construction sector demand for polycarbonate sheets during the forecast period. The leading consumer in North America is the automotive industry, followed by electrical & electronics and building & construction sectors.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The polycarbonate sheets market is segmented into the following categories. 

By Type:

• Solid
• Multiwall
• Corrugated
• Others

By End-Use Industry Type:

• Building & Construction
• Electrical & Electronics
• Automotive & Transportation
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the polycarbonate sheet manufacturers are-

• Sabic
• Covestro AG
• Trinseo S.A.
• Teijin Limited
• Mitsubishi Gas Chemical Company, Inc.
• Evonik Industries AG
• Suzhou Omay Optical Materials Co., Ltd.
• Plazit-Polygal Group
• Arla Plast Ab
• 3A Composite

Merger & Acquisition:

In December 2022, Private equity firm Advent International finalized the acquisition of SABIC's polycarbonate sheets business for about $300 million, pending antitrust approval. The purchase was an expansion for Advent's Roehm portfolio, aimed at developing a multi-polymer venture. Barclays acted as a sell-side adviser.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights

Report Features

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

What Deliverables Will You Get in this Report?

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.