[FURL=https://www.industryarc.com/Research/Polycarbonate-Sheets-Market-Research-500458?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Polycarbonate Sheets Market[/FURL] size is forecast to reach $3.22 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. The demand for polycarbonate sheet is increasing from building construction, electrical & electronics, automotive, aircraft, and more due to excellent flexibility. Carbonates have a broad range of outstanding properties including temperature resistance, impact resistance and optical properties, which posted polycarbonates between commodity plastics and engineering plastics. Polycarbonate sheet is widely used for panel roofing because it allows light to inter with extreme optical clarity, flammability resistance, and heat resistance. Thus, increasing demand for residential building is creating growth for polycarbonate sheet. For instance, according to the “India Brand Equity Foundation (IBEF)”, Under Pradhan Mantri Awasa Yojana (Urban), in India 1.12 crore houses have been sanctioned in urban areas, which is creating demand for polycarbonate sheets. Also, India plans to spend US$ 1.4 trillion on infrastructure by 2025. Key Takeaways
Asia-Pacific dominates the polycarbonate sheets market owing to increasing demand for transparent sheet in from various industries such as construction, automobile, and greenhouse.
According to “India Brand Equity Foundation (IBEF)”, In FY19, 10,855 km of highways were constructed. Thus, the Indian Government aims to construct 65,000 km of national highways worth at Rs 5.35 lakh crore (US$ 741.51 billion) by 2022.
Increasing adoption of polycarbonate sheets in construction industry due to its durability, strength, and ease to fit without and cracking will increase the market demand for polycarbonate sheets market.
Increasing usage of sheets in residential sector for panel roofing will exhibit growth of the polycarbonate sheets market during this forecast period.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=500458[/FURL]
Polycarbonate Sheets Market Segment Analysis - By Type
Corrugated multiwall sheet held the largest share of more than 30% in market of polycarbonate sheets in 2020. Corrugated sheet used as primarily in construction industry due to industrial structural roofing and siding. This sheet is widely used in agriculture greenhouse, roof lights, skylights, and residential roofing. Corrugated multiwall sheets have excellent properties such as transparency, UV resistant, lighter weight, and easy installation.
Polycarbonate Sheets Market Drivers
Increasing Demand from Building and Construction
Increase Demand of Polycarbonate Sheet for ID Cards Printing
Major players in the Polycarbonate Sheets Market are SABIC Innovative Plastics, Plazit Polygal, Samyand Kasei, 3A Composites, Arla Plast AB, Chi Mei Corporation, LG Chem Ltd., UNIGEL, Lotte Chemical, Teijin Ltd., Takaroku Shoji Company Limited, and among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.