Polycarbonate Films Market To Surpass USD 2.4 Billion By 2024 | Global Players SABIC, Covestro, 3M, Teijin and Wiman.

Polycarbonate films market has garnered tremendous popularity lately, driven by the product’s application in numerous industrial sectors. Being highly elastic and resistant to chemicals, PC films are considered apt for automotive and electrical components, even preferred in the assembly of medical devices.

Furthermore, heat, moisture and flame resistance make them ideal for construction purposes and in agricultural equipment, where they face challenging weather conditions. The global polycarbonate films industry has gained traction from the rapid urbanization taking place in developing economies, where changing income trends have had a positive impact on the demand for appliances and automobiles.

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The commendable expansion of the automotive sector over the last few years has been prompting giants in polycarbonate films market to develop a new range of products for myriad applications. In addition, the increasing popularity of energy security and shifting focus of the regulators toward deployment of e-vehicles will also increase polycarbonate sales over the years ahead.

While designing the components of e-vehicles, designers give preference to lightweight, high strength, and structurally flexible materials in order to achieve manufacturing optimization. The increasing demand to maintain these effective design features in e-vehicles is slated to push industry trends over the years ahead.

Apparently, a typical passenger car emits nearly 4.6 metric tons of CO2 every year and estimates show that in 2016, approx. 1.9 billion tons of CO2 were emitted in the U.S. from the overall transportation sector.

Consequently, the optical grade polycarbonate films market has advanced from the extensive adoption in auto components due to the lightweight and high-performance properties of PC, besides adding to the aesthetic value.

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Reduction in the weight of a vehicle invariably results into improved fuel efficiency and external parts made from PC also allow for better aerodynamics. Add to it, the stringent government regulations forcing automakers to find ways for reducing vehicle emissions has encouraged them to substitute heavier materials, reinforcing the polycarbonate films market.

Capacity expansions have emerged as a go-to technique for prominent players in polycarbonate films industry in order to consolidate their stance. For instance, recently, one of the renowned players in polycarbonate films market, Covestro revealed its plan to expand its film production facilities across myriad regions for meeting the surging product demand across Germany, China, Thailand, and U.S.

The company plans to invest nearly 100 million euros that also includes expansion of logistics and associated infrastructure. Capacity expansions thus, will help resolve certain challenges in store for polycarbonate films industry players.

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The current trends related to smart technologies, next-generation electronic equipment, and autonomous and electric vehicles are likely to give rise to a plethora of novelties across PC films market. The robust intervention of technology across the automotive sector will fuel the requirement of polycarbonate for car interiors – for sensing, lighting, and electronics devices.

The addition of a broad range of futuristic features comprising face recognition and side-view cameras in newly developed vehicles is also slated to enhance product demand over the years ahead. As per a comprehensive report compiled by Global Market Insights, Inc., polycarbonate films market is poised to surpass a revenue collection of USD 2.4 billion by the end of the year 2024.

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