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Polycarbonate Films Market 2018-2024 Growth & Regional Revenue By Global Players 3M, SABIC, Teijin, Covestro
Polycarbonate Films Market
China weatherable PC films market demand may witness significant gains at over 8.5% during the forecast timeframe. China consumer electronics industry accounted for about 25% of the total market demand in 2017 due to increasing tablets, cell phones and LCD demand. Changing macroeconomics such as rising disposable income, education attainments and expanding population are the key factors for the growth of electronics market, which in turn drives the market growth.
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Polycarbonate Films Market may exceed USD 2.4 billion by 2024; according to a new research report. Increasing automotive and electronics industries with growing demand for high performance & energy efficient products may witness significant growth in polycarbonate films market. Growing demand towards lightweight vehicles and strict regulatory norms to reduce the usage of heavy metals and glass in automotive sector is likely to further support the industry growth.
Polycarbonate films provides superior properties including durability, fuel efficiency and weather resistance in automotive industries. These products act as high-performance materials and provide transparency with value additional performance features including lightweight and minimization of ripple, alteration and optical defects in vehicles, thereby fueling product demand.
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Polycarbonate films have wide range of application in healthcare industries owing to its mechanical and optical properties. These products are utilized for packaging of medical devices and surgical instruments or transplants that are radiation-sterilized and exhibit good resistance to sterilizers and cleaning agents due to their thermal, mechanical and moisture related properties. Diagnostic equipment is of great demand followed by patient monitoring equipment, consumables, patient aids, orthopedics and dental products, thereby stimulating the product demand.
Optical PC films market may surpass USD 1.2 billion by 2024. Rising automotive sector results in increased demand for light weight vehicles which in turn will support industry demand for this segment. Furthermore, these products provide key benefits which includes dimensional stability, clean edge die-cutability and thermal stability in automotive, which is likely to foster PC films demand.
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Japan optical blend polycarbonate films market demand from household appliances may witness growth rate at around 8% from 2018-2024. They offer excellent resistance to abusive chemicals & cleaners, abrasion resistance, and pencil hardness which can be included in switch overlays & labels for household appliances. Standards set by government bodies along with developing new & innovative products and improving the current product portfolio in order to improve sustainability and reduce cost may favor polycarbonate films market growth in the country.
Macdermid, Excelite, Wiman and GOEX are key industrial participants in polycarbonate films market. Strong R&D spending to cut down manufacturing cost and to fulfill various environmental regulations may enhance the product portfolio thereby stimulating the industry growth.
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