Polycarbonate Sheets Market Statistics by Top Manufacturers, 2023-2035
Research Nester assesses the growth and market size of the global polycarbonate sheets market which is anticipated to be on account of the increasing use of sustainable products and the growing use of recycled plastics owing to the rising environmental concern and plastic pollution around the globe.
Research Nester’s recent market research analysis on “Polycarbonate Sheets Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global polycarbonate sheets market in terms of market segmentation by type, end-user, and by region.
Growing Demand for Thermoplastic to Promote Global Market Share of Polycarbonate Sheets
The global polycarbonate sheets market is estimated to grow majorly on account of the growing availability of more sustainable products and recyclable thermoplastics worldwide owing to the increasing drive toward a circular economy. According to findings, the production of thermoplastics reached nearly 400 million metric tons worldwide in 2020. Moreover, the rising demand for engineering thermoplastics globally is further expected to boost market growth. Moreover, the rising research and development (R&D) focused on manufacturing more sustainable thermoplastics, including polycarbonate, owing to its expanding demand in many end-use industries is further anticipated to boost the market growth. For instance, the Saudi Basic Industries Corporation (SABIC), a global leader in the chemical industry, launched its certified circular polycarbonate (PC) resin and blends which are made from the upcycling of post-consumer mixed plastic. Furthermore, the increasing number of collaborations between major key players as well as the growing development of climate-neutral polycarbonate owing to their high demand in the building and construction sector globally is further anticipated to result in the substantial growth of the polycarbonate sheets market in the upcoming years.
Some of the major growth factors and challenges that are associated with the growth of the global polycarbonate sheets market are:
Growth Drivers:
- Growing Demand from Various End-Use Industries
- Expansion of the Automotive Sector
Challenges:
The growing concern about adverse effects on the environment and human health as raw materials utilized in the manufacturing of these sheets primarily involve bisphenol A (BPA) and phosgene that are considered toxic to the environment and human health are some of the leading factors anticipated to hamper the global market size of polycarbonate sheets. Together with this, the stringent regulatory norms of governments worldwide regarding the manufacturing, utilization, and disposal of polycarbonate are further estimated to restrict market growth.
By type, the global polycarbonate sheets market is segmented into twin wall, multiwall, corrugated, and solid. The multiwall segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The growth of infrastructure development worldwide together with the expansion of the global leisure and entertainment industry and the rising number of theme parks, amusement parks, resorts, and others are expected to propel the segment growth. It was found that in 2021, the revenues of the global leisure and entertainment industry reached over USD 2 trillion. Multiwall polycarbonate sheets are lightweight and offer excellent light transmission, which makes them ideal for roofing. Hence, the wide use of these sheets for conservatories, canopies, vertical glazing, displays, roof lights, signage, walkways, swimming pool covers, insulation, and more are also considered major growth reasons for the segment.
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By region, the Asia Pacific polycarbonate sheets market is to generate the highest revenue by the end of 2035. This growth is predicted owing to the exponentially augmenting industrial sector in the region together with the growth in production output of many end-use industries such as automotive, construction, and other industries. Moreover, the establishment of major production lines of polycarbonate in the region along with the hike in investment by major key players to serve the growing demand for the product is further anticipated to boost the market growth in the region. For instance, a major player Covestro AG invested in the production of more sustainable polycarbonates in the Asia Pacific. The delivery capability of recycled polycarbonates of the company’s first dedicated mechanical recycling production line in Shanghai is estimated to be over 60,000 tons per year by 2026.
This report also provides the existing competitive scenario of some of the key players of the global polycarbonate sheets market which includes company profiling of Covestro AG, Saudi Basic Industries Corporation, Brett Martin Ltd., Airex AG, Arla Plast AB, AGC Group, Evonik Industries AG, Palram Industries Ltd., Teijin Limited, The Dow Chemical Company,
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