Increasing demand for Polycarbonate Films in engineering plastic segment coupled with high investment in RD of Polycarbonate Films is fueling the market growth.
The Global Polycarbonate Films Market is forecast to reach USD 2.11 Billion by 2026, according to a new report by Reports and Data. The Polycarbonate Films market is rising rapidly in the global market due to high demand in transparent impact-resistant materials in the worldwide market and the proliferation of the recyclable plastics globally. The polycarbonate films are used in a variety of applications in order to add to the protection and high impact on the end-use applications.
Electronic Gadgets has the most adoption rate of the polycarbonate films because of its flexibility, high strength, thermal insulation, transparency, and natural UV filter, which no other materials can offer. Electronic gadgets are increasing its pace with the fastest growth rate of 7.1% throughout the forecast period and had the highest market share of 21.3% in the year 2018.
The Asia Pacific region for Polycarbonate Films market is forecasted to generate a revenue of USD 0.93 Billion in the year 2026, owing to its extensive market penetration towards polycarbonate films coupled with its massive development in the manufacturing industries mostly in China, Japan, and India.
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Top Lading Players: Teijin Limited, 3M Company, Suzhou Omay Optical Materials, Macdermid Autotype, Excelite, Wiman Corporation, Sichuan Longhua Film, Covestro AG, DuPont, Evonik Industries AG.
Polycarbonate Films Market Development:
The polycarbonate films market is experiencing significant development due to the growing demand for polycarbonate films in various end-use industries. Polycarbonate films are high-performance plastic films that offer excellent durability, transparency, and heat resistance. They are used in various applications such as automotive, electronics, packaging, medical, and construction.
The automotive industry is a significant consumer of polycarbonate films due to their lightweight, high impact resistance, and optical clarity properties. Polycarbonate films are used in various automotive applications such as instrument panels, sun visors, headlamp lenses, and rear light covers. Moreover, the increasing demand for electric vehicles is expected to drive the demand for polycarbonate films in the automotive industry further.
The electronics industry is also a major consumer of polycarbonate films due to their excellent electrical properties and high transparency. Polycarbonate films are used in various electronic applications such as LCD displays, touchscreens, and printed circuit boards.
The packaging industry is also driving the growth of the polycarbonate films market due to the increasing demand for lightweight, durable, and transparent packaging materials. Polycarbonate films are used in various packaging applications such as food packaging, medical packaging, and blister packaging.
The medical industry is another significant consumer of polycarbonate films due to their biocompatibility, sterilization resistance, and transparency. Polycarbonate films are used in various medical applications such as medical packaging, diagnostic equipment, and surgical instruments.
The construction industry is also expected to contribute to the growth of the polycarbonate films market due to the increasing demand for lightweight and durable construction materials. Polycarbonate films are used in various construction applications such as roofing, skylights, and facades.
North America and Europe currently dominate the polycarbonate films market due to the presence of major players and the high demand from various end-use industries. However, the Asia Pacific region is expected to show significant growth in the coming years due to the growing demand from the automotive, electronics, and packaging industries.
Overall, the polycarbonate films market is expected to experience significant development in the coming years due to the increasing demand from various end-use industries and the superior properties of polycarbonate films over traditional materials.
Some Key Highlights from the Report:
- Optometry segment had a market share of 13.9% in the year 2018 and growing at a rate of 4.3% by 2026. Polycarbonate films are used as the protective layer in the eyeglasses, which deflects the UV rays and keeps the eye cool. The high-end sunglasses are made of polycarbonate films with the tinted and mirrored type of polycarbonate films which can reflect the UV rays even close to 99 percent and also unbreakable up to a certain extent. Also, the bodies of the glasses can be of polycarbonate films to add to more durability.
- Tinted polycarbonate films are used to provide anti-reflection coating in different applications. The tinted coat also makes it near to invisible from the other side of the user if used in sunglasses or car windows. Tinted polycarbonate will have a revenue of USD 0.28 Billion in 2026.
- Bulletproof polycarbonate films segment is growing with a CAGR of 4.7% by 2026. Polycarbonate films are high impact resistant, which is even capable of resisting violent blows. The bulletproof polycarbonate films are used in banks, museums, jewelers, and bulletproof cars, among others.
- Fire Retardant polycarbonate films coating helps flame inhibition, which can restrict fire flames up to a specific limit. This type of polycarbonate films are used in welding eyeglasses. This segment is forecasted to gain a market share of 4.2% in 2026.
- Engineering Plastic polycarbonate films have better mechanical and chemical properties compared to commodity plastics. These type of polycarbonate films are used in smaller objects and very low-volume applications.
- North America is accounted to gain 27.5% of market possession by 2026 with a CAGR of 6.0% in the forecast period.
- Europe is forecasted to witness significant growth in the overall market, with 17.3% of market possession by 2026 and CAGR of 5.0% during the forecast period.
Segments covered in the report:
End Users Channel Outlook (Revenue, USD Billion; 2016-2026)
- Construction Industries
- Electrical Components
- Electronic Gadgets
- Transportation Automotive Sectors
- Packaging Industries
- Optometry
- Medical Instruments
- Others
- Total
Type of Polycarbonate Outlook (Revenue, USD Billion; 2016-2026)
- Transparent
- Tinted
- Mirrored
- Bulletproof
- Abrasion-Resistant
- Fire Retardant
- Food Graded
- Multiwall
- Others
Type of Plastic Outlook (Revenue, USD Billion; 2016-2026)
- Commodity Plastic
- Engineering Plastic
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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