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Polycarbonate Films Market 2019 By Industry Growth & Regional Trend To 2024 | Key players are SABIC, 3M, Covestro
Polycarbonate Films Market
Owing to the strong, tough and lightweight characteristics of polycarbonates (PC), the 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 makes them ideal for construction purposes and in agricultural equipment, where they face challenging weather conditions.
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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. With increasing number of gadgets and electrical accessories being made that require components made from optical PC films, the global polycarbonate films market registered a valuation of over USD 1.4 billion in 2017.
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. 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• SABIC
• 3M
• Covestro
• MacDermid Autotype
• excelite
• Wiman Corporation
• Dr. Dietrich Müller GmbH
• RoWland Technologies
• Curbell Plastics
• AGC Inc.
• MICEL
• GOEX
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Polycarbonates are known to meet the requirements of different other consumer segments where properties like thermal stability, sturdiness, transparency and flame retardance are essential, for instance electric home appliances.
The replacement of glass and metal in appliances with lightweight PC material has offered better safety and flexibility of design to producers of consumer durables, propagating the significance of the polycarbonate films market. Apart from small appliances like food mixers and coffee machines, PC films are widely utilized in washing machines to give a light tint to transparent washer windows.
PC forms a vital portion of led displays that show information and functions being performed along with some internal parts of an appliance. It is projected that by 2020, the worldwide consumption of household appliances could reach nearly USD 590 billion.
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Evidently, the critical role of PC films in manufacturing reliable and durable home appliances will generate a substantial valuation for the overall polycarbonate films industry. The efforts of industry players such as Covestro, SABIC, Wiman and Teijin will further augment the commercialization landscape of PC films industry, that will accumulate over USD 2.4 billion by 2024.
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