The report of global polycarbonate panels market by Type (Solid panels, Multiwall panels, Corrugated panels, others), Application (Building & Construction, Electrical & Electronics, Automotive, Others), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of 5% during a forecast period.
Polycarbonate is a thermoplastic having organic functional groups and joined to a carbonate group. It is one of the most broadly utilized thermoplastics over the globe. The global polycarbonate panels market is driven by the growing demand from end-use industries. The increasing popularity of polycarbonate against conventional materials are also projected to impel the market growth in the forecast period. However, fluctuating raw material prices are restraining market growth at the global level. An increase in demand for billboards & ID card printing are expected to create beneficial opportunities for the key players in the market during the forecast period. Environmental impacts of polycarbonate sheets are the major challenges for the Polycarbonate Panels market in the near future.
Building & construction segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the building & construction segment has dominated the Polycarbonate Panels market and is estimated to grow at a CAGR of XX% during the forecast period. The increasing need for the product for cladding, skylight roofing, and greenhouses in various industries across the world are major factors propelling demand for polycarbonate panels. The ongoing infrastructural activities in different regions, particularly APAC and MEA, and the growing necessity for highly efficient lightweight materials in automobiles and aircraft are another factor that fuel the polycarbonate panel market growth.
The Asia Pacific dominated the Polycarbonate Panels market in 2019
In 2019, the Asia Pacific held the XX% share of the Polycarbonate Panels market and is expected to maintain its dominance during the forecast period thanks to the economic development of the region and rising investments by several governments and key market players to carry out innovations in the field of polycarbonate panels. The growing disposable income of the middle-class population in the region is fueling the demand for numerous products, which are impelling the growth of several end-user industries. This, in turn, is propelling the polycarbonate panels’ market growth. Rise in production by the manufacturing sector to provide to the domestic demand for high-quality products and increasing exports from the Asia Pacific are also estimated to boost the market growth.
Key players operating the global polycarbonate panels market are SABIC, Covestro AG, Trinseo S.A., Teijin Limited, Palram Industries Ltd., Mitsubishi Gas Chemical Company, Inc., Ug Plast Inc, Plazit Polygal, Gallina USA, Stabilit Suisse SA, Brett Martin Plastic Sheets, DS Smith, Evonik Industries AG, Excelite, 3A Composites GmbH, Spartech, and Suzhou Omay Optical Materials Co., Ltd.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Polycarbonate Panels Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Polycarbonate Panels Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Polycarbonate Panels Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Polycarbonate Panels Market.”
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