DUBLIN--(BUSINESS WIRE)--The "Polycarbonate Sheets Market by Type (Solid, Multiwall, Corrugated), End-use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation, Aerospace & Defense, Packaging), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global polycarbonate sheets market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 5.1% between 2020 and 2025.
Growing demand from end-use industries is driving the market for polycarbonate sheets. However, the environmental impacts of polycarbonate sheets are expected to restrain this market. An increase in demand for billboards & ID card printing is expected to offer significant growth opportunities to manufacturers of polycarbonate sheets. The major challenge faced by players is the fluctuating raw material prices.
In terms of value, the solid segment is projected to account for the largest share of the polycarbonate sheets market, by type, during the forecast period.
Solid is projected to be the largest type segment in polycarbonate sheets market. The growth of the solid segment can be attributed to the increasing use of solid polycarbonate sheets in various end-use industries as these sheets provide better physical properties as compared to other polycarbonate sheets.
Packaging industry is projected to register the highest CAGR during the forecast period.
Packaging is the fastest growing end-use industry contributing the largest share to the global polycatbonate sheets market. Polycarbonate plastic is a perfect material for baby bottles, refillable water bottles, sippy cups, and many other food & beverage containers. Because polycarbonate is highly transparent to visible light with a better light transmission than many kinds of glass, it is highly sought out for use in food packaging.
The APAC region leads the polycarbonate sheets market in terms of value.
APAC is the fastest-growing region for polycarbonate sheets market. The growth in demand for polycarbonate sheets in the region can be largely attributed to the growing infrastructure and building & construction industries. Moreover, the rising number of end-use industries in the region is also leading to innovations and developments in the field of polycarbonate sheets, thereby fueling the growth of the APAC polycarbonate sheets market.
Market Dynamics
Drivers
- Growing Demand from End-Use Industries
Restraints
- Environmental Impacts of Polycarbonate Sheets
Opportunities
- Increase in Demand for Billboards & Id Card Printing
Challenges
- Fluctuating Raw Material Prices
Companies Mentioned
- 3A Composites Gmbh
- Arla Plast Ab
- Asahi Glass Co. Ltd.
- Brett Martin Ltd.
- Covestro Ag
- Evonik Industries Ag
- Excelite
- Gallina India
- Isik Plastik
- Koscon Industrial S.A.
- Mitsubishi Gas Chemical Company, Inc.
- Palram Industries Ltd.
- Plazit-Polygal Group
- Sabic
- Safplast Company
- Spartech
- Suzhou Omay Optical Materials Co. Ltd.
- Teijin Limited
- Trinseo S.A.
- Ug-Oil-Plast Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/diaksb
