The Polycarbonate Sheets Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Polycarbonate Sheets Global Market Report 2024, The polycarbonate sheets market size has grown strongly in recent years. It will grow from $2.69 billion in 2023 to $2.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to construction industry growth, lightweight material preference, customizable design needs, emphasis on durability, advancements in manufacturing, transparency and clarity demand.
The polycarbonate sheets market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to safety and security requirements, sustainability and eco-friendly solutions, UV resistance in outdoor applications, design flexibility requirements, energy efficiency regulations. Major trends in the forecast period include demand for lightweight materials, energy efficiency and insulation, durability and impact resistance, transparency and clarity, adaptation to modern architecture.
The increase in demand from building and construction is contributing to the growth of the polycarbonate sheet market. Polycarbonate is being popularly used in many well-known buildings due to its strength and high resistance. The resistance of polycarbonate to hail, falling branches, and other items is significantly greater than that of glass, acrylic, or GRP. Furthermore, unlike GRP, polycarbonate does not become brittle over time. Polycarbonate has several unique advantages, along with sustainability and cost-effectiveness, among architects.
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The polycarbonate sheets market covered in this report is segmented –
1) By Type: Multiwall, Corrugated, Solid, Others (Textured)
2) By Techniques: Extrusion, Injection Molding, Blow Molding, Fabrication, Thermoforming
3) By End-Use Industry: Building and Construction, Electrical and Electronics, Automotive and Transportation, Aerospace and Defense, Packaging
Major companies operating in the polycarbonate sheets market are developing new products such as bio-based polycarbonate sheets to gain a competitive edge in the market. Bio-based polycarbonate sheets are a type of polycarbonate material that is derived from renewable sources, such as plant-based feedstocks or industrial by-products like used cooking oil, as opposed to traditional polycarbonate sheets that are typically produced from fossil fuels. For instance, in August 2023, Palram Industries, an Israel-based plastics manufacturing company, launched BioBase polycarbonate sheets, a sustainable alternative for roofing and cladding. These sheets are made from renewable sources, utilizing refined polymers from industrial by-products like used cooking oil, significantly reducing their carbon footprint compared to standard polycarbonate sheets. The BioBase sheets maintain the same properties as traditional polycarbonate products, making them suitable for various applications while offering a more environmentally friendly option. With certification from the International Sustainability and Carbon Certification (ISCC), these sheets align with sustainability goals and provide a greener choice for construction projects.
The polycarbonate sheets market report table of contents includes:
1. Executive Summary
2.Polycarbonate Sheets Market Characteristics
3. Polycarbonate Sheets Market Trends And Strategies
4.Polycarbonate Sheets Impact Of COVID-19
5.Polycarbonate Sheets Market Size And Growth
6.Polycarbonate Sheets Segmentation
7.Polycarbonate Sheets Regional And Country Analysis
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27.Polycarbonate Sheets Competitive Landscape And Company Profiles
28. Polycarbonate Sheets Key Mergers And Acquisitions
29.Polycarbonate Sheets Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Nippon Steel Corporation
- SABIC (Saudi Arabia)
- Covestro AG
- Evonik Industries AG Exolon Group
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