Market
Overview:
According
to the analysis of MRFR, the major market forces and trends driving growth of
the global polycarbonate glazing market includes growth of construction sector,
increasing automotive production, and favorable government regulations. Rapid
urbanization, escalating public and private investment, and rising disposable
income of the people in emerging economies is anticipated to boost demand for
the product over the forecast period.
The
benefits of these sheets percolated across commercial, industrial, and
institutional sectors finding wide application scope in overhead glazing and
greenhouse glazing which will further boost up the market growth. Moreover,
shifting consumer preference towards green & sustainable construction is
expected to fuel demand for the product in the coming years. Moreover, rising
demand for lightweight automobiles coupled with adoption of strict emission reduction
norms are predictable drivers of the market. However, high cost associated with
the polycarbonate glazing material along with the regulations prohibiting the
usage of polycarbonate in automotive windscreens is predicted to hinder market
growth over the forecast period.
Competitive
Landscape:
·
Palram Industries Ltd.
·
Plazit Polygal
·
SABIC
·
MG Polyplast Industries Pvt. Ltd
·
Gallina
Most of these
market participants are adopting the expansion and product launch tactics to
strengthen their production capacities and market position. Growing automotive,
construction industries, and agriculture sector, and continuous collaborations
and agreements between manufacturers, distributers, and marketing firms are the
key factors for the growth of Polycarbonate glazing in the global market.
Taking into account these trends, the global Polycarbonate Glazing Market is
projected to witness considerable competition over the forecast period of
2017-2023.
Industry/
Innovation/ Related News:
August
2, 2017- Plazit polygala has recently
introduced new product line called TOPGAL Multi Wall Panel System, earlier this
month. The product specified of 11 layer 32 mm thickness which is particularly
applicable in cold climate. Topgal panels and components combine to offer more
rigidity, thermal insulation, strength and solar heat control than our standard
sheets and profiles.
March
9, 2017- Palram Industries Ltd. has
recently announced launch selective light transmission roofing panels for
greenhouse, gardening centers and retail outlets. The product is called
"SolarSmart". The newly introduced panels are beneficial in the
seasonal changes in weather. In temperate regions, panels facilitating maximum
light transmission for plants and good thermal insulation are used to minimize
the need for artificial heating.
May,
2016- SABIC launched clear and
lightweight sheets at exhibition held in Hamburg for aircraft interior
industry, in order to help aviation customers to reduce weight and cost,
enhance safety and sustainability, and optimize flying experience. This
development is set to propel demand of the product form aerospace industry
which is driven by increasing civil aviation sector across the world.
Regional
Analysis:
Regionally,
the global polycarbonate glazing market is divided into five main regions
namely, North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. Among all the regions, Asia Pacific dominates the market and
expected to witness fastest CAGR during the review period. Rising construction
activities and growth of automotive industry are the major factors behind the
market growth in Asia Pacific. The Asia Pacific market is trailed by Europe,
which is followed by North America.
The study
was conducted using an objective combination of primary and secondary
information including inputs from key participants in the industry. The report
contains a comprehensive market and vendor landscape in addition to major key
developments and strategies of key vendors.
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