Europe Polycarbonate Sheet Market is expected to grow at a healthy CAGR of in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Europe Polycarbonate Sheet Market by Type (Solid, Multiwall, Corrugated), By End-User (Building & Construction, Agriculture, Automotive & Transportation, Electrical & Electronics, Aerospace & Defense, Packaging), Europe (Germany, France, U.K., Spain, Italy, Russia, Turkey, Switzerland, Netherlands, Belgium, Rest of Europe) – Industry Trends and Forecast to 2025
Increasing popularity of polycarbonate against conventional materials and growing demand from end-use industries driving the market.
GROWING DEMAND FROM END-USE INDUSTRIES
Polycarbonate sheet are made up of thermoplastic polymers containing carbonate groups in their structure. Polycarbonate is as clear as glass and exhibit flame resistance properties. It is lighter in weight and has various applications in building blocks, partition, and interior. Building and construction, automotive, aerospace and defence, packaging, agriculture, electrical & electronics and other industries are the end user of polycarbonate sheet.
In construction and building, polycarbonate sheet is used in designing in various manners. Due to tough and high strength, it is used for the roof glazing and light transmission. For instance, according to European commission, the total investment in construction sector has increased by 9.5% in the period of 2008 – 2015. The housing market is showing strong demand with an overall growth rate of 10.4%. Demand is fulfilled by the rising income, low interest rate and high migration. It has also been observed that around 3.6 million people will arrived in Germany by 2020. Thus it shows that demand for construction and buildings will directly impact the demand of polycarbonate sheet for various purposes like roof light gazing, light transmission, interior and other applications.
In automotive, polycarbonate is used to design various parts of the vehicle. Polycarbonates have high strength and toughness, which makes it appropriate for automotive sector. It is light in weight and can be moulded easily in various eye catching designs. It also reduces the vehicle efficiency by reducing weight and increases performance. According to an article published in, The International on Clean Transportation, in 2016, t Europe hybrid-electric vehicles market share is grew by 1.8% of all new cars. In Spain, the hybrid car market share increased by 2.7% in 2016 from 1.8% in 2015. This data represents increase in automotive sector will elevate the demand of polycarbonate for manufacturing various parts of the vehicle like headlamp bezels, headlamp lenses, light housings and others. It also increases the efficiency of the vehicle because of its light weight properties.
INCREASING POPULARITY OF POLYCARBONATE AGAINST CONVENTIONAL MATERIALS
Conventional materials like acrylic and polycarbonate sheets are often compared with each other due to their same look and same plastic material. Both materials are different due to their chemical and physical features. Acrylic sheets are glossier in nature whereas, polycarbonate sheets are stronger. Strong nature of polycarbonate sheets makes them preferred choice. Features like consumers opting for higher resistant material are also making polycarbonate sheet demand more evident. On the basis of strength, polycarbonate sheet is 250 times more influential resistance of glass, whereas acrylic exhibit only 17 times. Polycarbonate sheet does not crack during piercing near the edge as compared to acrylic sheets. Polycarbonate sheets are highly chemical resistant than acrylic sheets.
Another conventional material is glass. Glass can be effortlessly damaged and broken and also causes hazardous circumstance, whereas polycarbonate sheet has turned out to be exceptionally prevalent in terms of its extraordinary strength and protection from harsh situation. These sheets are unbreakable and are more advanced over glass in terms of safety. During harsh weather, polycarbonate sheets can endure great force and can be used in place of glass in bus shelters, schools, hospitals and greenhouse. With respect to securities, it acts as a shield better than glass and protect from damage due to its unbreakable feature. Other advantages of polycarbonate sheet over glasses are it is more effective, time and cost saving.
Some of the major players operating in the market are SABIC, Covestro AG, Evonik industries ag, Arla plast ab, dott.gallina s.r.l., Koscon Industrial S.A, Brett Martin Ltd, Işık Plastik, AGC, plazit polygala, MITSUBISHI GAS CHEMICAL COMPANY, INC, Trinseo., DS Smith, Palram Industries Ltd., LG Chem, LOTTE Chemical CORPORATION, UG-OIL-PLAST LTD., Spartech LLC, SUZHOU OMAY OPTICAL MATERIALS CO.,LTD., 3A Composites GmbH among others.
Global Polycarbonate Sheets Market - Industry Trends and Forecast to 2029
Europe Polycarbonate Sheets Market – Industry Trends and Forecast to 2029