The Sheets Polycarbonate Market is projected to grow at a rate of 5.70% in terms of value, from USD 20.49 Billion in 2020 to reach USD 32.14 Billion by 2028. Polycarbonates are a group of transparent amorphous polymer, which allows ease of processing and can be easily molded or thermoformed. This thermoplastic find application in a variety of products that demand high impact resistance, high-temperature resistance, and optical transparency. Some of the mentionable features of this thermoplastic polymer is, it is ductile at room temperature, which can be readily bent at room temperature through localized heating at times applied with the bend line to reduce stress fracturing.
PC resin has stability at high temperature that makes it applicable for manufacturing medical devices that requires steam-sterilization. Escalating use of polycarbonates in the electrical electronics industry is one of the most significant factors contributing to the growth of the market. In this industry, polycarbonates are used in various applications, which comprise household appliances like TV’s, power housing, connectors, and battery boxes.
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Top Players in the Global Sheets Polycarbonate Market:
Covestro, SABIC, Teijin Industries, Trinseo, Mitsubishi Engineering Plastics Corp., Lotte Chem, Idemitsu Kosan Co. Ltd., Chi Mei Corporation, Entec Polymers, Lone Star Chemicals, and RTP Company.
Increasing use of polycarbonates in automotive applications is expected to drive the market in the forecast period. Of the various types of polycarbonates, the extruded sheet has the highest rate of consumption. The materials are deployed in the production of several automotive parts, including headlights, displaced glass, airbag covers, consoles, sunroofs, air vents, and small window panes, among others. The windows and windscreens offer the highest growth opportunities for the market players in the upcoming years. The high impact resistance, high-temperature resistance, and optical transparency of these materials make them an essential constituent in advanced automotive lighting applications, comprising headlamp lenses, headlamp bezels, and light guides.
The COVID-19 pandemic is having a significant impact on the polycarbonate industry. Demand for the product is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.
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Market segmentation based on Type Outlook:
- Plates
- Sheets
- Film
- Foil
- Strip
- Others
Grades Outlook:
- Injection Molding
- Extrusion
- Others
Application Outlook:
- Electrical Electronics
- Automotive
- Packaging
- Consumer Goods
- Medical
- Construction
- Optical Media
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Frequently Asked Questions Answered in the Report:
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