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 polycarbonate sheet 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.
Continuous innovations in
plastic technologies and advent of cheaper interior furnishings in automobile
industry lowering carbon emissions, remain the key market drivers.
The technically advanced
sheets provide excellent combination of brightness and uniformity. The
high-grade products are used extensively to smooth out LEDs for brighter
atmosphere with no hot spots, thus designing best light. Owing to several
properties such as impact and heat resistance, longer lifespan, better
insulation, light diffusion and UV protection, and easy installation, the
polycarbonate sheet market is anticipated to attract high investments.
Access Research Report of Polycarbonate Sheet Market@ https://www.grandviewresearch.com/industry-analysis/polycarbonate-sheet-market
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.
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.
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.
Access Press Release of
Polycarbonate Sheet Market@ https://www.grandviewresearch.com/press-release/global-polycarbonate-sheet-market
About Grand View Research
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
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