“Global Polycarbonate Sheets Market to reach a market value of USD 2.3 Billion by 2031 growing at a CAGR of 5.6%”
The Global Polycarbonate Sheets Market size is expected to reach $2.3 billion by 2031, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,47,954.65 thousand square meter, experiencing a growth of 20.2% (2020-2023).
The building and construction segment held a promising growth rate in the polycarbonate sheets market in 2023. Due to great formability and customization options of sheets, architects and designers can construct distinctive and inventive architectural features with sheets. Therefore, the segment generated 14.69% revenue share in 2031. In terms of volume the Russian building and construction segment would use 1,846.71 thousand square meters by 2031. They can be thermoformed, curved, or molded into various shapes and sizes to achieve intricate designs and geometries.
Polycarbonates are often used to manufacture transparent enclosures and covers for electronic devices such as smartphones, tablets, and consumer electronics. Their ability to insulate against electrical currents and prevent short circuits enhances the safety and performance of electronic devices, particularly in high-voltage applications. Therefore, the electronics industry’s expansion is driving the market’s growth. Additionally, Continuous research and development efforts in material science have led to developing sheets with enhanced performance characteristics. Thus, ongoing advancements in technology and material science are propelling the market’s growth.
However, Polycarbonate is typically manufactured using bisphenol A (BPA), a chemical compound that has raised concerns due to its potential adverse health effects. VOCs such as styrene, benzene, and toluene are associated with respiratory irritation, headaches, and other adverse health effects. Thus, the harmful effects of sheets hamper the market’s growth.
Based on end-use, the market is segmented into building & construction, electrical & electronics, automotive & transportation, aerospace & defense, packaging, and others. In 2023, the automotive & transportation segment attained 21.42% revenue share in the market. In terms of volume the segment consumed 51,388.60 thousand square meters in 2023. Polycarbonate offers greater design flexibility. Allowing automotive designers to create sleek, aerodynamic shapes and complex curves. These sheets can be molded and formed into various shapes, sizes, and thicknesses, enabling the integration of innovative design elements such as panoramic sunroofs, curved windshields, and seamless window panels.
Based on type, the market is divided into solid, multiwall, corrugated, and others. In 2023, the solid segment attained 32.07% revenue share in the market. In terms of volume, the solid segment registered a consumption of 76,060.09 thousand square meters in 2023. Solid sheets are known for their exceptional durability and impact resistance. They can withstand high levels of impact without breaking or shattering, making them suitable for applications where safety and longevity are paramount, such as security glazing, protective barriers, and vandal-resistant panels.
Free Valuable Insights: Global Polycarbonate Sheets Market size to reach USD 2.3 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 48.48% revenue share in the market in 2023. The Asia Pacific region is experiencing rapid urbanization, accompanied by robust construction activity in residential, commercial, and infrastructure sectors. Polycarbonates are widely used in construction applications such as roofing, skylights, facades, and partitions due to their durability, versatility, and aesthetic appeal. The growing demand for construction materials in emerging economies like China, India, and Southeast Asian countries drives the significant uptake of sheets in the region.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.5 Billion |
| Market size forecast in 2031 | USD 2.3 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.6% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Square Meter, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 304 |
| Number of Tables | 590 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, End-Use , Region |
| Country scope |
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| Companies Included | Covestro AG, Palram Industries Ltd., SABIC (Saudi Basic Industries Corporation), Teijin Limited, UVPLASTIC Material Technology Co., Ltd., S Polytech Co Ltd., Polyvalley Technology (Tianjin) Co., Ltd., Jiaxing Innovo Industries Co., Ltd., Exolon Group NV (Serafin Group), Emco Industrial Plastics, Inc. (Newbury Franklin LLC) |
By Type (Volume, Thousand square meters, USD Billion, 2020-2031)
By End-Use (Volume, Thousand square meters, USD Billion, 2020-2031)
By Geography (Volume, Thousand square meters, USD Billion, 2020-2031)
This Market size is expected to reach $2.3 billion by 2031.
Expansion of electronics industry worldwide are driving the Market in coming years, however, Harmful effects of polycarbonate sheets restraints the growth of the Market.
Covestro AG, Palram Industries Ltd., SABIC (Saudi Basic Industries Corporation), Teijin Limited, UVPLASTIC Material Technology Co., Ltd., S Polytech Co Ltd., Polyvalley Technology (Tianjin) Co., Ltd., Jiaxing Innovo Industries Co., Ltd., Exolon Group NV (Serafin Group), Emco Industrial Plastics, Inc. (Newbury Franklin LLC)
In the year 2023, the market attained a volume of 2,47,954.65 thousand square meter, experiencing a growth of 20.2% (2020-2023).
The Multiwall market dominated the Market by Type in 2023; thereby, achieving a market value of $867.5 million by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.1 billion by 2031.
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