The global polycarbonate panels market is gaining fast ground, and upon this, it is expected to witness a CAGR of approximately 4.4% during the forecast period, reveal Market Research Future. The comprehensive study also indicates the key drivers behind the growth of the market, segments, and regional outlook to get an in-depth analysis of the market. —
The protruding players in the global polycarbonate panels market are listed as SABIC (Saudi Arabia), Excelite (China), 3A Composites GmbH (Germany), Covestro AG (Germany), Ug Plast Inc (US), Plazit Polygal (US), Gallina USA (US), Trinseo (US), and Palram Industries Ltd. (Israel). Stabilit Suisse SA (Europe), Brett Martin Plastic Sheets (UK), DS Smith (UK), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Evonik Industries AG (Germany), and Spartech (US) are many more.
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Market Drivers & Trends
The polycarbonate panels market is witnessing an impressive growth since previous decades and is now likely to hold a robust position due to key factors such as the increasing demands and support from the government for construction projects. With this, the rise of demand for polycarbonate panels from the automotive and electronics industries are providing an extra force for the expansion of the market during the growth period. The builder, around the world, are opting for polycarbonate panels owing to its ability to withstand the toughest situation mainly for roofing in building constructions.
The polycarbonate panels are also preferred mainly for its properties such as excellent elasticity, high strength, lightweight, and high functionality at an extensive range of temperatures, which are taking the market towards growth trajectory in the coming years. Owing to these features, the government across all the regions are focused on promoting and developing their infrastructure, coupled with introducing various regulations to boost their infrastructure and real-estate industries. Thus, these factors are also significantly posing as constructive in the path of market development over the assessment period.
On the flip side, the growth of the market could be hindered by the factor of the environmental impact of polycarbonate sheets and the fluctuating raw material prices to the market’s growth during the assessment period.
• Raw material suppliers
• End users
• Product manufacturers
• Regulatory bodies
• Market research and consulting firms
• Associations and industrial bodies
According to the study, the global Polycarbonate Panels Market is segmented in a particular way based on type and application.
By the mode of type, the market is split into solid panels, multiwall panels, and corrugated panels. Among which, solid panels segment had the largest market share in the market back in 2018 and is now expected to nurture at the highest CAGR in the forecast period. The inclination of consumers towards solid panels due to its better physical properties is the reason behind the market’s proliferation.
By the mode of application, the market is split into building & construction, electrical & electronics, automotive, and more. The building & construction segment had the largest market share owing to the several construction projects going on in developed countries. With the mounting urbanization, there has been a consistent need for residential spaces, which has demanded the need for polycarbonate roofing sheets due to its properties of lightweight, and temperature resistance. These lead to the demand for polycarbonate panels inevitably over the years and will continue to remain the same in the forecast period.
The global polycarbonate panels market has been studied amongst the regions of North America, Europe, Asia-Pacific, and Rest of the world (RoW).
Among these, Asia-Pacific captured the largest share in the global market after North America and Europe in 2018. The study reveals that Asia-Pacific will continue with its leading position until 2024, attributing to the surge in the number of construction projects backed by investments in commercial as well as residential construction in the countries like China and India. Moreover, the growth of the automotive and construction industry in the region is also anticipated to raise the demand for polycarbonate panels in Asia-Pacific during the estimated period.
On the other hand, the North American polycarbonate panels market is anticipated to expand significantly over the assessment period with the support of developing automotive construction industries in the U.S. and Canada.
In the last, the European polycarbonate panels market is also likely to inflate at a sluggish rate due to the rigid environmental rules and regulations related to the use of polycarbonate panels in the region. The region’s developed automotive industry is likely to drive the polycarbonate panels market over the estimated period.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objectives
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Global Polycarbonate Panels Market: by Region, 2019–2024
Table 2 North America: Polycarbonate Panels Market: by Country, 2019–2024
Table 3 Europe: Polycarbonate Panels Market: by Country, 2019–2024
Table 4 Asia-pacific: Polycarbonate Panels Market: by Country, 2019–2024
Table 5 Row: Polycarbonate Panels Market: by Country, 2019–2024
Table 6 Global Polycarbonate Panels Market, by Type, by Regions, 2019–2024
Table 7 North America: Polycarbonate Panels Market, by Type, by Country, 2019–2024
Table 8 Europe: Polycarbonate Panels Market, by Type, by Country, 2019–2024
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Polycarbonate Panels Market Share, by Type, 2017 (%)
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