Polycarbonate Sheet Market Size To Reach $6.93 Billion By 2030

Polycarbonate Sheet Market Growth & Trends

The global polycarbonate sheet market size is expected to reach USD 6.93 billion by 2030, registering to grow at a CAGR of 5.7% from 2024 to 2030 according to a new report by Grand View Research, Inc. Multinationals are constantly improvising their product portfolio to meet the existing requirements in sectors such as building and construction, automotive, packaging, and others. This factor is projected to boost the global market growth in the forthcoming years.

Growing consumer awareness regarding usage of environment-friendly polycarbonate sheets and plastic waste disposal, in compliance with the governmental regulations, is fostering demand for eco-friendly products. Usage of eco-friendly products leads to lower emissions thereby ensuring minimal environment degradation. Companies such as SABIC are integrated along the value chain from raw materials to finished goods production. This enables the company to reduce raw material procurement cost and supply their goods to packaging, industrial, consumer goods, food and beverage, and laboratory among other end-use industries. Companies such as Chi Mei Corp., Idemitsu Kosan Co. Ltd., DuPont and others provide bisphenol A (BPA), an essential ingredient in the manufacturing process.

Asia Pacific emerged as the leading consumer of polycarbonate sheets in terms of revenue, followed by Europe. The rise in disposable income among consumer base is one of the key factors for the significant demand from construction as well as packaging industry. Increasing infrastructure spending owing to the foreign investments coupled with government support is further fueling the regional growth.

Packaging and construction industries are expected to fuel demand for innovative products owing to their multiple applications and favorable characteristics. These sheets have a vast scope of application in the construction industry owing to their interior as well as exterior applications in buildings and construction sector.

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Polycarbonate Sheet Market Report Highlights

• The building and construction application segment dominated the market in 2023, driven by the durable yet lightweight properties of polycarbonate sheets. These characteristics make them suitable for a wide range of applications in building structures, such as windows, roofs, walls, and other architectural components.

• The automotive application segment is anticipated to witness the fastest growth from 2024 to 2030. This surge is fueled by car manufacturers' quest for efficient and lightweight materials that can enhance the performance and durability of automobiles.

• Asia Pacific polycarbonate sheet market held the largest market share of 40.1% in 2023 attributed to the increasing industrialization and urbanization in emerging economies, which has subsequently fueled the construction and automotive industries in the region, leading to higher demand for polycarbonate sheets.

Packaging Wax Market Segmentation

Grand View Research has segmented the global polycarbonate sheet market based on application and region:

Polycarbonate Sheet Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2018 - 2030)

• Building & Construction

• Packaging

• Automotive

• Aerospace & Defense

• Agriculture

• Others

Polycarbonate Sheet Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in Polycarbonate Sheet Market

• SABIC

• Covestro AG

• Trinseo.

• TEIJIN LIMITED.

• MITSUBISHI GAS CHEMICAL COMPANY, INC.

• Evonik Industries AG

• Suzhou Omay Optical Materials Co., Ltd.

• Palram Industries Ltd.

• APSX LLC.

• Emco Industrial Plastics

• Kapoor Plastics