The polycarbonate panels market size was relatively larger than that of the previous year and revenue is expected to register a CAGR of 4.6% between 2022 and 2030. Rising demand for these panels from construction and transportation industries is a primary factor driving market revenue growth. Also, the superior properties of polycarbonate panels such as durability and high impact resistance are other factors projected to drive market revenue growth during the forecast period.
Another key factor driving revenue growth is high preference for polycarbonate panels over conventional materials such as glass and acrylics, owing to the multiple advantages offered. Also, the lightweight nature of these panels is driving popularity in various end-use industries and application areas are expected to continue to drive market revenue growth. Solid polycarbonate panels are in high demand on account of their wide range of applications in various industries. Moreover, easy availability and low cost associated with solid polycarbonate panels are projected to fuel demand in both developed and developing economies.
Top Companies Operating in the Global Polycarbonate Panels Market:
Makrolon (Germany), SABIC (Saudi Arabia), Covestra (Germany), Teijin Limited (Japan), Palram Industries Ltd. (Israel), 3A Composites GmbH (Switzerland), and AC Plastics, Inc. (U.S.).
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The factors that drive the industry's growth are highlighted in the report. The report divides the Polycarbonate Panels market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Polycarbonate Panels Market Segmentation
By Product type:
- Solid polycarbonate
- Hollow polycarbonate
By Application:
- Building construction
- Automotive
- Electrical electronics
- Others
By End-use Industry
- Building Construction
- Automotive
- Electrical Electronics
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Polycarbonate Panels market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Polycarbonate Panels market.
The global Polycarbonate Panels market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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