Increasing demand from the end-use industries drives the growth of the global polycarbonate sheets market. By end-use industry, the electrical & electronics segment held the major share in 2020. By region, on the other hand, the market across Asia-Pacific would remain lucrative by 2028.
The global polycarbonate sheets market is projected to reach $2.1 billion by 2028, growing at a CAGR of 5.7% from 2021 to 2028. The report highlights market characteristics, market potential, growth by segmentation, and competitive landscape.
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Eswara Prasad, Manager, Materials & Chemicals at Allied Market Research, stated, “Surge in demand from the farming sector and rise in need for polycarbonate sheets from several end-use industries have boosted the growth of the global polycarbonate sheets market. However, the environmental impact of polycarbonate sheets hinders the market growth. On the contrary, increase in demand from developed countries would unlock new opportunities for the market players in the future.”
The electrical & electronics segment contributed to more than one-third of the total market share in 2020, and is expected to lead the trail by 2028. Simultaneously, the building & construction segment would exhibit the fastest CAGR of 6.2% during the forecast period.
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The market across Asia-Pacific held the major share in 2020, garnering nearly two-thirds of the global market. The same market is also projected to cite the fastest CAGR of 6.5% from 2021 to 2028. The other two provinces covered in the report include North America, Europe, and LAMEA.
The global polycarbonate sheets market includes an in-depth analysis of the prime market players such as Uvplastic Material Technology Co., Ltd., Covestro AG, Jiaxing Innovo Industries Co., Ltd., Polyvalley Technology Co., Ltd., Tuflite, Emco Industrial Plastics, Palram Industries Ltd, Exolon Group, Spolytech, and MG Polyplast Industries Pvt. Ltd.
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