1. Growing Popularity of Polycarbonate against Conventional Materials Driving the Market
Polycarbonate is gaining increasing popularity in different applications, owing to the advantages it possesses over few conventional materials, in terms of properties. Polycarbonate materials have an edge over the glass and certain plastic materials, owing to their thermal insulation ability and low installation costs involved. Polycarbonate sheets are also bendable in nature, which make them ideal for applications requiring strong structural integrity and higher thermal efficiency. The application of polycarbonate sheets has increased to a large extent in greenhouses and has almost replaced the conventional glass in recent years. Technically-treated polycarbonate sheets are highly efficient under strong UV rays, which is another key factor leading to their increasing usage in the construction industry. Additionally, polycarbonate sheets are also resistant to chemicals and have low flammability levels. On the whole, the above-mentioned properties are augmenting the consumption of polycarbonate in the recent times.
2. Newer Applications in Medical Sector to Boost the Demand
Polycarbonate resins are relatively cheaper as compared to different thermoplastic resins, which include polyphenylsulfone (PPSU), polysulfone (PSU), polyetheretherketone (PEEK), and polyaryletherketone (PAEK); these are used in the medical sector for various applications. Certain grades of polycarbonate can be used for applications involving a limited number of sterilization cycles during their life. Adding up antimicrobial additives to the polycarbonate sheets further improves their use in the medical sector, which is one of the main factors for their rapid utilization in the sector. The expanding medical devices market in Europe and North America is expected to be the major contributor to polycarbonate demand in the medical industry.
3. Construction to be the Largest End-user Industry
As per our study scope, the polycarbonate sheets & films market is segmented, by end-user industry, into aerospace, agriculture, automotive, construction, electrical & electronics, and others. However, among these end-user industries, construction is estimated to be the largest. Polycarbonate sheets are extensively used in roofing, cladding, and glazing applications, owing to their lightweight, easy installation, and energy conservation features. They are further used in fences and walls in both residential and commercial building projects. Increasing residential and public infrastructure development activities, along with growing foreign investments in emerging countries, such as India, China, Brazil, and Mexico, are expected to further boost the consumption of polycarbonate sheets through the forecast period.
4. Leading Companies to Watch
The report also examines the role of leading market players involved in the industry. Some of the key players listed in the study are:
3A Composites GmbH (Polycasa)
Arla Plast AB
Chi Mei Corporation
Mitsubishi Gas Chemical Company Inc.
Mordor Intelligence is a market intelligence and advisory firm operating in 14 industry segments, serving over 600 clients, worldwide.