The
global Polycarbonate Sheet Market size is expected to
reach USD 4.91 billion by 2025, according to a new report by Grand View
Research, Inc. It is anticipated to expand at a CAGR of 4.5% over the forecast
period. Multinationals are constantly improvising their product portfolio to
meet the existing requirements in sectors such as building and construction,
automotive, packaging, and others. This factor is projected to boost the global
market growth in the forthcoming years.
Growing
consumer awareness regarding usage of environment-friendly polycarbonate sheets
and plastic waste disposal, in compliance with the governmental regulations, is
fostering demand for eco-friendly products. Usage of eco-friendly products
leads to lower emissions thereby ensuring minimal environment degradation.
Companies such as SABIC are integrated along the value chain from raw materials
to finished goods production. This enables the company to reduce raw material
procurement cost and supply their goods to packaging, industrial, consumer
goods, food and beverage, and laboratory among other end-use industries.
Companies such as Chi Mei Corp., Idemitsu Kosan Co. Ltd., DuPont and others
provide bisphenol A (BPA), an essential ingredient in the manufacturing
process.
Asia
Pacific emerged as the leading consumer of polycarbonate sheets in terms of
revenue, followed by Europe. The rise in disposable income among consumer base
is one of the key factors for the significant demand from construction as well
as packaging industry. Increasing infrastructure spending owing to the foreign
investments coupled with government support is further fueling the regional
growth.
Packaging
and construction industries are expected to fuel demand for innovative products
owing to their multiple applications and favorable characteristics. These
sheets have a vast scope of application in the construction industry owing to
their interior as well as exterior applications in buildings and construction
sector.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/polycarbonate-sheet-market
https://www.grandviewresearch.com/industry-analysis/polycarbonate-sheet-market
Further key findings from the study suggest:
- Packaging
and building and construction segments are witnessing rapid growth in
emerging economies on account of rising consumer disposable income and
shift in perception about housing
- Growing
consumer awareness regarding reduced plastic waste disposal has encouraged
leading companies to collaborate with regional governments to achieve
optimum product characteristics, simultaneously lowering the environmental
degradations to create a sustainable business model
- Covestro,
SABIC, Lotte Chemicals, and Teijin Industries among others, with extensive
global presence dominate the polycarbonate sheet market. Widespread
distribution network along with innovative products are some of the major
factors driving their success.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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