Polycarbonate Sheets Market worth $2.2 billion by 2025| Key players SABIC, Covestro AG, Trinseo S.A., Evonik Industries AG, Excelite.

According to recent market research the "Polycarbonate Sheets Market by Type (Solid, Multiwall, Corrugated), End-use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation, Aerospace & Defense, Packaging), and Region - Global Forecast to 2025" The global polycarbonate sheets market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 5.1% between 2020 and 2025. Polycarbonate sheets are made of polycarbonate resins and possess properties, such as impact resistance and good light transmission. These sheets, also called thermoplastic sheets, have a special property in which when being heated to their melting point, they do not exhibit any significant degradation. Polycarbonate sheets also offer 250 times greater impact resistance than glass and almost 30 times than acrylic sheets. These properties have enabled their use in different engineering applications. The technically advanced sheets provide an excellent combination of brightness and uniformity.

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Solid is projected to be the largest type of segment in polycarbonate sheets market. The growth of the solid segment can be attributed to the increasing use of solid polycarbonate sheets in various end-use industries as these sheets provide better physical properties as compared to other polycarbonate sheets.

Packaging is the fastest growing end-use industry contributing the largest share to the global polycatbonate sheets market. Polycarbonate plastic is a perfect material for baby bottles, refillable water bottles, sippy cups, and many other food & beverage containers. Because polycarbonate is highly transparent to visible light with a better light transmission than many kinds of glass, it is highly sought out for use in food packaging.

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The high-grade products are used extensively to smooth out LEDs for a brighter atmosphere with no hot spots, thus designing the 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.

Asia Pacific is the fastest-growing region for polycarbonate sheets market. The growth in demand for polycarbonate sheets in the region can be largely attributed to the growing infrastructure and building & construction industries. Moreover, the rising number of end-use industries in the region is also leading to innovations and developments in the field of polycarbonate sheets, thereby fueling the growth of the Asia Pacific polycarbonate sheets market. In addition, the presence of a strong supply chain network and key market players who constantly strive to enhance their existing product portfolios to cater to a larger market base is anticipated to propel regional growth in the foreseeable future.

Major players operating in the global polycarbonate sheets market include SABIC (Saudi Arabia), Covestro AG (Germany), Trinseo S.A. (US), Teijin Limited (Japan), Mitsubishi Gas Chemical Company, Inc. (Japan), Evonik Industries AG (Germany), Suzhou Omay Optical Materials Co., Ltd. (China), Excelite (China), Plazit-Polygal Group (Israel), Arla Plast AB (Sweden), 3A Composites GmbH (Germany), Palram Industries Ltd. (Israel), Ug-oil-Plast Ltd. (Russia), Gallina India (India), Koscon Industrial S.A. (Switzerland), Isik Plastik (Turkey), Brett Martin Ltd. (UK), and Spartech (US).

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Saudi Basic Industries Corporation (SABIC) is engaged in the manufacture and distribution of chemicals, agri-nutrients, and metal products. The company manufactures the essential building blocks for a wide range of chemicals, plastics, foams, and other materials used in industries such as automotive, healthcare, and construction, and in household goods. The company has a broad product portfolio that includes olefins, oxygenates, aromatics, glycols, ethanolamines, linear alpha olefins, polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, polystyrene, and polycarbonate and its blends. Polycarbonate sheets are a part of the company's petrochemicals and specialities business segment.

In January 2021, Nusaned Investment, a wholly owned subsidiary of SABIC that operates as an autonomous investment company, inaugurated its new office building and launched a new brand identity at a ceremony in Riyadh. This expansion was aimed at expanding its local presence to cater to the market demand.

Teijin Limited operates globally in three business fields, namely, materials, healthcare, and IT & others. It offers a wide range of products and services encompassing carbon fibers, aramid, composites, films, resins & plastic processing, pharmaceuticals, home healthcare, IT, and fibers & products converting. Products offered by the company include polyester, Polyethylene Naphthalate (PEN) fibers, Polycarbonate (PC) resins, PC/ABS & PC/AS polymer alloys, PEN resins, Polyethylene Terephthalate (PET) resins, and PET and PEN films, among others. The company offers polycarbonate sheets under the materials business segment.

In August 2018, Teijin Limited acquired Inapal Plasticos SA (Inapal), which is a leading automotive composite supplier in Portugal. This acquisition was aimed at expanding its business portfolio and cater to the unstrapped market demand.

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