The global polycarbonate sheets market was estimated at $1.4 billion in 2020 and is expected to hit $2.1 billion by 2028, registering a CAGR of 5.7% from 2021 to 2028. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.
Increasing demand from the end-use industries drives the growth of the global polycarbonate sheets market. On the other hand, environmental impacts of polycarbonate sheets restrain the growth to some extent. However, rising call from the developed nations is expected to create multiple opportunities in the industry.
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COVID-19 scenario-
• The outbreak of COVID-19 gave way to halted industrial activities, which in turn impacted the global polycarbonate sheets market.
• The second wave of the pandemic has also been detrimental to the market growth. However, the mass rollout of vaccination in most countries is expected to amend the global situation and the polycarbonate sheets market is projected to revive soon.
The global polycarbonate sheets market is analyzed across type, end-use industry, and region. Based on type, the multiwall segment accounted for around two-fifths of the total market revenue in 2020, and is anticipated to rule the roost by the end of 2028. The solid segment, on the other hand, would cite the fastest CAGR of 6.0% throughout the forecast period.
Based on end-use industry, 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.
Based on region, 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 key market players analyzed in the global polycarbonate sheets market report include 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. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry.
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