Rise in automotive industry augments the demand for Polycarbonate Film Market
Posted by rohan on January 23rd, 2020
The market size of polycarbonate films was at US$ 104 billion in 2016 and is expected to reach US$ 1.52 billion by 2022, an average growth rate of 6.6% during the forecast period.
Polycarbonate films have excellent clarity, stability, heat resistance and impact resistance. In addition, the polycarbonate film has excellent long-term performance and durability in harsh environments. Some of the other properties are excellent chemical, abrasion and pollution resistance. They are widely used in the manufacture of menu boards, labels and nameplates, membrane switches and control panels, and packaging materials.
Polycarbonate films that are tinted are used to provide anti-reflective coatings in a variety of applications. Tinted coats also become invisible from the other side of the user when worn in sunglasses or car windows. Tinted polycarbonate will generate sales of 0.28 billion dollars in 2026.
The bulletproof polycarbonate film segment will grow at an annual average of 4.7% by 2026. The bulletproof polycarbonate film is used in banks, museums, jewelry stores and bulletproof vehicles.
Market Drivers and Restraints:
The increase in people's disposable income is expected to boost the global automotive industry at a significant pace, which in turn improved the growth of the polycarbonate film market. However, during the forecast period, the increase in environmental problems and pollution levels are expected to disrupt the market. The main challenge faced by the OEMs is to offer their customers a variety of options with affordable options. If the need to provide energy-efficient cars at low prices increases, car manufacturers will have more concerns. Therefore, the demand for light and excellent performance polymers has increased over the years. However, the availability of alternatives with improved performance, such as thermoplastic polyurethane films, is expected to hamper the polycarbonate film market during the forecast period.
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Report Segmented as:
Depending on the application, the polycarbonate film market can be classified into automotive and transportation, building and construction, aerospace, energy, electrical and electronic products and other consumer goods. The automotive and transportation sectors are predicted to have a high share of the polycarbonate film market in the future, followed by the construction sector. These films are used in the automotive industry to reduce the total weight of the components and improve their performance efficiency.
In terms of consumption, Asia-Pacific held a significant portion of the global polycarbonate film market in 2016, which is estimated to continue during the forecast period. The North American polycarbonate film market is expected to create significant growth opportunities between 2017 and 2025 compared to other regions. The Latin American market is expected to grow at a relatively high growth rate during the forecast period.
Key market players:
The main players in the global polycarbonate film market are Tekra, Mitsubishi Gas Chemical Company, Inc., Covestro and Rowland Technologies, Inc.
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About the Authorrohan
Joined: September 20th, 2017
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