The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polycarbonate Sheets Market.
It was estimated prior to this unanticipated outbreak that the Polycarbonate Sheets Market was expected to grow at a CAGR of 6.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Polycarbonate Sheets are known to be one of the versatile materials that are used in different areas such as food processing, medical equipment, and many others. These sheets are transparent in texture and are extremely tough along with the property of absorbing minimal moisture. Mainly, these sheets are water-resistant, chemical resistant and also flame retardant.
Polycarbonate also comes up with a number of other benefits too such as scratch-resistant and it is an excellent insulator, even better than glass. Due to its transparency and other properties, these polycarbonate sheets can be also used at places where glass is needed to be used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as solid, multiwall, corrugated, and others. The solid segment is estimated to have high 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.
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.
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 high 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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polycarbonate Sheets Market analysis report discusses the following heads in great detail:
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