Polycarbonate Sheet Market Size, Share & Trends Report

Polycarbonate Sheet Market Size, Share & Trends Analysis Report By Application (Building & Construction, Automotive, Packaging, Defense & Aerospace, Agriculture), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-468-0
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 92

Industry Insights

The global polycarbonate sheet market size was valued at USD 3.22 billion in 2016. Continuous innovations in plastic technologies and advent of cheaper interior furnishings in automobile industry lowering carbon emissions, remain the key market drivers.

The technically advanced sheets provide excellent combination of brightness and uniformity. The high-grade products are used extensively to smooth out LEDs for brighter atmosphere with no hot spots, thus designing best light. Owing to several properties such as impact and heat resistance, longer lifespan, better insulation, light diffusion and UV protection, and easy installation, the polycarbonate sheet market is anticipated to attract high investments.

U.S. polycarbonate sheet market

Building and construction emerged as the fastest growing application accounting for 29.63% of revenue share in 2016. Increasing requirement of the product for skylight roofing, cladding, and greenhouses among others is a major factor driving demand for polycarbonate sheet.

Asia Pacific is anticipated to remain key consumer of polycarbonate sheets owing to significant rise in demand from automotive, aerospace, and construction industries. Presence of strong supply chain network and key market players who constantly strive to enhance their existing product portfolios to cater to a larger market base, is anticipated to propel regional grow in the foreseeable future.

Rise in disposable income coupled with favorable government schemes for the food processing industry, is significantly driving food sector in U.S. and Europe. High food-contact grade innovative products are mainly preferred for food packaging. Stringent regulations against waste disposal are projected to bring significant changes in the plastic industry.

Numerous investments have been made in the past couple of years to strengthen market presence of companies and to help achieve a redundant supply chain making the product easily accessible globally. Several multinational organizations are investing in European markets, which in turn, is estimated to expand Greenfield plants and other allied operations that demand constant supply of polycarbonate sheets.

In 2012, the global production capacity of polycarbonate increased significantly, with majority of demand garnered by Asia Pacific. Expanding end-use industries in Asia Pacific are responsible for high production and consumption in this region. Countries such as China, Japan, and India are increasingly exporting these materials to meet growing demand from electronics and transportation industries in other regions.

Application Insights

Building and construction applications are on the rise, since numerous architects are realizing the benefits of polycarbonate sheet in skylight roofing, cladding and other applications that require high aesthetic appeal with durability and sustainability.

The product is also used owing to its light weight and durability, high impact and heat resistance, high optical clarity, and other such properties. It is an effective substitute to acrylic sheets or glass materials and thus the consumption is expected to rise significantly in the foreseeable future. Glass-clad laminates also offer resistance to high-powered ballistics and is therefore extensively used in the industry.

These sheets are extensively used in the packaging industry. The product provides daylight solutions to majority of the problems owing to its characteristics such as light in weight, break and abrasion resistance, and enhanced durability. They provides a variety of profiles, surface textures, and shades for packaging materials.

Transportation is observed to be one of the fast-growing application segments. Expanding aerospace and automotive sector in emerging economies is a major driving force for this equipment in several large and medium Original Equipment manufacturers (OEMs), aftermarkets, and others. High heat polycarbonate sheet is used for headlamp lenses, light housings, and headlamp bezels, and lighting applications that demand high temperature and impact resistance as well as excellent light transparency.

The U.S. Environment Protection Agency (EPA) determines control techniques and guidelines regarding carbon emissions from various automobiles, mentioned in the Clean Air Act, effective October 2008. Thus, demand for fuel-efficient cars and industrial machinery using lightweight components has also witnessed significant rise over the past decade. Rapid rise in demand for automobiles in emerging economies is also projected to drive growth for interiors, exteriors and under hood components. 

Global polycarbonate sheet market

Windows and skylights remain the major application scope in building and construction industry, as these sheets allow light to enter. They have high optical clarity, excellent flammability resistance, and high impact and heat resistance properties. From cladding panels to canopies, they are extensively used in the sector, across the globe. This factor is anticipated to bode well for the growth of the market for polycarbonate sheets over the forecast period.

Aerospace and defense is one of the major consumers of polycarbonate sheets globally. The product finds extensive application in the military grade protections owing to high safety concerns. Military grade sheets exceed federal government blast hazard mitigation standards and are therefore used extensively as fire-resistant products.

Regional Insights

Based on regional segmentation, the market for polycarbonate sheets has been segmented into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa. Asia Pacific accounted for a majority of the global market share owing to rapid industrialization and fast growing economic conditions.

Expanding end-use industries in Asia Pacific, especially in emerging economies such as India, China, Thailand, and Indonesia are driving demand for substitution of conventional materials such as glass, wood, metal, and others.

Middle East and Africa is anticipated to witness high product requirement owing to the exponential rise in demand for miniaturized and specialized consumer electronics. Technological innovations are also driving industry growth, since numerous automobile producers are seeking avenues to lower car weight to reduce carbon emissions.

China is the leading country in Asia Pacific in terms of fast-growing aviation market, with a year-on-year rise of 15.1%. The requirement is majorly rising from aviation industry for interior decorations and other such applications, to reduce weight of the vehicle and to effectively increase fuel economy. This, in turn, is forecasted to foster growth of the product in the region over the forecast period.

North America and Europe represents relatively saturated market share owing to the maturity of end-use industries, such as construction, automotive, and others. However, lucrative opportunities may be presented by packaging industries owing to the demand for individually packaged consumer goods from small and nuclear families. The reduced energy prices owing to the collapse in crude oil prices are anticipated to boost consumer spending. This is the main driver for the economic recovery of this region.

Polycarbonate Sheet Market Share Insights

The market is marked by the presence of four multinationals such as Covestro, SABIC, Lotte Chemicals, and Teijin Industries. These companies are engaged in continuous R&D to maintain their strong market position.

The primary processing occurs from a reaction of its pre-cursor - bisphenol A (BPA), Sodium Hydroxide, Cyclohexane, and several other additives. The integrated value chain starts with the globally recognized companies involved primarily in supplying raw material to meet increasing requirements from the manufacturing units. SABIC, DuPont, Chi Mei Corporation, and Bayer among others are the significant market players in terms of raw material supplies.

Distributors such as PJS Company K., Flexituff Industries, and Bayer provide products to automobiles, optical devices, construction, industrial, electronics, consumer goods, and other end-use industries. Suppliers such as RTP Company are also integrated backwards to provide raw materials such as BPA to cut down on overall costs of manufacturing and raw material supply.

Companies constantly invest in R&D activities to develop diverse range of products thereby increasing their application scope and business prospect on global scale. These multinationals sustain as market leaders owing to strong and efficient supply chain network as well as constant product innovations to cater to more application segments.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Volume in million tons, revenue in USD million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, Germany, France, Italy, Russia, China, India, Japan Brazil, Saudi Arabia, Mexico

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global polycarbonate sheet market report on the basis of application and region:

  • Application Outlook (Volume, Million Tons; Revenue, USD Million, 2014 - 2025)

    • Building & Construction

    • Automotive

    • Packaging

    • Aerospace & Defense

    • Agriculture

  • Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • France

      • Italy

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

    • Middle East & Africa

      • Saudi Arabia

    • Latin America

      • Brazil

      • Mexico

Key questions answered by the report
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