Polycarbonate Sheets Market to experience an impressive growth of 6.2% during 2020-2025
February 07, 2020
Polycarbonate sheets market is likely to witness an impressive CAGR of 6.2% during the forecast period. The growing use of polycarbonate sheets by end-use industries, such as building & construction, electrical & electronics, and automotive & transportation influences the growth of the global polycarbonate sheets market
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Polycarbonate Sheets Market Segment Insights:
By Type:
Based on the type, the market is segmented as solid, multiwall, corrugated, and others. The solid segment is estimated to have the highest growth in the coming five years. This growth can be attributed to the extensive adoption of polycarbonate sheets by end-use industries for various fabrication applications.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as building & construction, electrical & electronics, automotive & transportation, and others. The building & construction segment is expected to lead the market during the forecast period. The market is sustained by the high demand for polycarbonate sheets from end-use industries for various construction activities.
By Region:
In terms of regions, Asia-Pacific is expected to be the largest market for polycarbonate sheets in the coming five years. It is also estimated to have the highest growth during the forecast period. China and India are the growth engines of the region. Rapid urbanization and high demand from various end-use industries drive the market for polycarbonate sheets in the region. Europe and North America also offer sizeable growth opportunities in the coming five years.
Key Players:
Some of the polycarbonate sheet manufacturers are Sabic, Covestro AG, Trinseo S.A., Teijin Limited, Mitsubishi Gas Chemical Company, Inc., Evonik Industries AG, Suzhou Omay Optical Materials Co., Ltd., Plazit-Polygal Group, Arla Plast Ab, and 3A Composites GmbH.
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