Global Polycarbonate Sheet Market - 2021-2028
由於其優異的物理和化學性能，聚碳酸酯板越來越多地被各種最終用戶使用。汽車的外部和內部部件需要輕質、高性能和可回收的材料，而熱塑性聚合物在汽車行業中非常有效並得到支持。聚碳酸酯板用於製造光盤，例如 CD、DVD 和藍光光盤。此外，聚碳酸酯板材用於溫室製造和監獄窗戶等各個領域。
The global polycarbonate sheet market size was worth US$ XX billion in 2020 and is estimated to show unprecedented growth by reaching up to US$ XX billion by 2028, between at a CAGR of XX% during the forecast period (2021-2028).
Polycarbonate is a tough thermoplastic material having attached to a carbonate group that has organic functional groups. It is one of the most frequently used thermoplastics worldwide owing to its outstanding dimensional stability, outstanding optical clarity, excellent resistance to impact, and superior thermal resistance. These high-performance qualities make polycarbonate an ideal plastic material for different applications requiring high thermal resistance and impact resistance. Due to their ability to degrade minimally when heated and cooled, polycarbonates are stronger than other thermoplastic materials, such as PMMA and acrylic.
Polycarbonate sheets provide the products with resistant properties to corrosion, abrasion and water resistance, organic and inorganic contaminants, the ability to self-clean, and bio-fouling. In naval, industrial, aerospace, and building & construction, polycarbonate sheets are commonly used. For automotive applications, superior finishing and affordability make polycarbonate sheets an ideal material. Due to its capacity to be cut, rolled, and attached in various ways, the material is often used for applications such as kitchen utensils.
The global polycarbonate sheet market is driven by increasing the product's demand among different end-users since the past recent years. Growing technological advancements in the polycarbonate sheet industry are triggering the demand for the forecast period.
Increasing demand of the product among different end-users since past recent years
Owing to polycarbonate sheets' exceptional physical and chemical properties, the applicability of polycarbonate sheets in different end-use industries is growing. Due to the rising demand for lightweight, high-performance, and recyclable materials for exterior and interior parts applications, thermoplastic polymers are highly efficient and favored in the automotive industry. The most common material in the manufacture of optical disks, such as CDs, DVDs, and Blu-ray Discs, is polycarbonate sheets. In addition, polycarbonate sheets are used in various other applications in different sectors, from greenhouse manufacturing to anti-riot gear manufacturing, prison windows, etc. None more popular than in the building & construction industry.
For instance, in January 2018, SABIC launched LEXAN CXT resin, a new line of high-clarity, high-heat, and injection moldable polycarbonate copolymer resin used in optical electronics, consumer & automotive, and healthcare applications, was introduced by. The company has reinforced its polycarbonate sheet portfolio with this launch.
Growing technological advancements in the polycarbonate sheet and growing investments in the industry are triggering the demand for the forecast period.
The technically advanced sheets give an excellent combination of brightness and uniformity. High-grade materials are commonly used to smooth out LEDs with no hot spots for a brighter environment, thereby designing the best light. The polycarbonate sheet market is expected to attract high investment due to several properties, such as impact and heat resistance, longer lifespan, better insulation, light diffusion, UV protection, and easy installation. For energy-efficient LED lighting technology, industry participants such as Covestro are deploying polycarbonate sheet solutions. Several multinational companies are investing in European markets and, in exchange, Greenfield plants and other related operations are expected to grow, requiring a steady supply of polycarbonate sheets.
Growing environmental impact and increasing fluctuation in raw material prices are the serious factors hampering the polycarbonate market's growth in recent times.
The excellent properties offered by polycarbonate sheets are increasingly used in various applications. However, they are not so environmentally friendly as they contain bisphenol A, which is not ideal for food industry applications. These sheets are not bio-degradable and are thus regarded as an environmental hazard. Polycarbonate sheets are used for the manufacture of CDs, DVDs, vehicle parts and roofing systems. They are a significant hazard to marine life due to the accidental disposal of these polycarbonate sheet waste materials on river beds or in the sea. The other factors influencing the price of end goods are the price and availability of raw materials. Among the main raw materials used in the manufacture of polycarbonate is crude oil. The prices of polycarbonate sheets have been affected by volatile crude oil prices in recent years. Price-sensitive consumers and import risks affect the manufacturers of polycarbonate sheets.
COVID-19 Impact Analysis
The global polycarbonate sheets have shown a slight decline due to the COVID-19 pandemic, as several manufacturing plants were shut for months. Further several countries have restricted production activities during the covid-19 pandemic. The major lockdown due to the COVID-19 outbreak leads to suddenly dropping down consumers' interest towards purchasing any goods, and halt in transportation sectors has severely hampered the business of polycarbonate sheets market due to disruption in the product's supply chain management.
However, due to enforced lockdowns and restrictions levied by the respective governing bodies, many companies' activities have either been temporarily stopped or are operating with a reduced workforce. The global demand for polycarbonate sheets is no different, and this trend is expected to have a substantial adverse effect on revenue growth.
The global polycarbonate sheet market is segmented based on type, end-user and region.
The rising advantages of polycarbonate sheets in skylight roofing, cladding, and other applications requiring high aesthetic appeal with durability and sustainability in the building & construction industry are triggering the segment's market.
In terms of end-user, the global polycarbonate sheets market is bifurcated into building & construction, automotive & transportation, electrical & electronics and others. Building & construction segment is dominating the global polycarbonate sheet market in the recent times owing to the advantages of polycarbonate sheets in skylight roofing, cladding, and other applications that need high aesthetic appeal with durability and sustainability are realized by many architects. Due to its lightweight and toughness, high impact and heat resistance, high optical clarity, and other such properties, the product is in great demand in the building and & construction industry. It is an excellent replacement for acrylic sheets or glass materials and is therefore expected to increase use in the near future greatly. Also, glass-clad laminates are often resistant to high-powered ballistics and are thus commonly used.
For instance, in September 2017, Suzhou Omay Optical Materials came up with a new polycarbonate sheet product called Polyodoor, mainly designed for outdoor applications. It is expected that this product launch will help the company improve its marketplace in the market for outdoor construction products.
Growing building & construction industry and automotive manufacturing plants in the Asia Pacific regions is triggering the market of polycarbonate sheet in the region
Asia-Pacific region is dominating the global polycarbonate sheets market accounted for the largest market share due to the region's growing building & construction industry, which will have a strong demand for polycarbonate sheets for the coming years different applications. An important contributor to the market for polycarbonate sheets would also be the regional consumer goods segment. Also growing number of automotive manufacturing plants due to the high availability of raw materials and skilled labor is another factor adding value to Asia-Pacific's growing market in recent times. For instance, in 2016, total automotive sales were more than 40 million units in the Asian region, including India, Australia, Malaysia, China, Japan, Indonesia and Thailand.
North America and Europe reflect a relatively saturated market share owing to the growing maturity of end-use industries, such as building, automotive, and others, in both regions. However, due to the demand for individually packaged consumer products from small and nuclear families, the packaging industry's lucrative possibilities are more likely to add value to the region's market growth.
The polycarbonate sheet market is highly fragmented with the presence of various local as well as global companies. Some of the key players contributing to the market's growth include SABIC, Teijin Limited, Covestro AG, Mitsubishi Gas Chemical Company, Inc, Suzhou Omay Optical Materials Co., Ltd, 3A Composites GmbH, Plazit-Polygal Group, Excelite, Trinseo, Evonik Industries AG and among others.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the growth of the polycarbonate sheet market globally. The key firms are favoring product launch as the prime growth strategy to build their business.
Overview: Teijin Limited is a chemical, pharmaceutical and IT company in Japan. High-performance fibers such as aramid, carbon fibers & composites, health care, films, manufacturing of resin & plastic, polyester fibers, converting materials and IT products are its main activity fields. The company is listed on the first portion of the Tokyo Stock Exchange and forms part of the stock index of the Nikkei 225. The Teijin Group comprises 151 companies as of March 2014, 56 in Japan and 95 overseas.
The global polycarbonate sheet market report would provide access to an approx: 53 market data table, 43 figures and 214 pages.
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