Market Insights:
Polycarbonate films are a sough-after industry material. They desired by vertical such as, automotive, healthcare, electronics, etc. According to the study conducted by Market Research Future (MRFR) the global polycarbonate films market is likely to witness a sound growth during the forecast period (2017-2023).
The vast application based of polycarbonate films, continue to fuel their global demand. These films have properties such as excellent stability, clarity, heat resistance, high impact strength, which make desirable for using in various types of industrial application. Membrane switches, labels and nameplates, control panels and boards the some of the products that have polycarbonate films.
Characteristics such as heat resistance and impact resistance make polycarbonate films suitable for manufacturing electronic components that are used in mobile phones, and LCD screens other. Growth of end-use market is a major market driver.
Market players are actively focusing on development of eco-friendly and recyclable variants owing to introduction of stricter environment laws. At the same time, a greater emphasis is being placed on introducing cost-effective polycarbonate films to boost sales in price-sensitive markets.
Segmental Overview:
The segmental analysis of the global Polycarbonate Films has been conducted based on end-user and product type.
Based on type, the market has been segmented into weatherable, flame retardant, optical, and others. Based on end-user, the market has been segmented into medical packaging, transportation, and electrical and electronics.
Competitive Landscape:
- Covestro
- 3M Company
- Mitsubishi Gas Chemical Company, Inc
- Rowland Technologies
- SABIC
- Suzhou Omay Optical Materials co., Ltd.
- MGC Filsheet co. Ltd
- Teijin Limited
- Excelite
Industry News Highlights:
- German adhesive manufacturing company Covestro is reportedly expanding its production capacity for high-quality polycarbonate films in its Dormagen site. The new coextrusion lines are expected to become fully operational by 2020-end and allow the company to reduce the supply and demand ratio.
- Saudi based petrochemical manufacturing company SABIC recently unveiled a novel transparent high-heat LEXAN™ CXT film product. The film has been developed using polycarbonate-based technology, which combines high design flexibility and superior optical clarity with robust dimensional and thermal stability at higher process temperatures.
Regional Analysis:
Based on region, the market has been segmented into the Middle East & Africa (MEA), Latin America, Europe, North America and Asia Pacific (APAC). Of these, Asia Pacific accounts for a significant share of the market. Additionally, the market in APAC is projected to exhibit a highest growth during the forecast period. Rising population base and growing per capita income are among the key macro-economic elements that are supporting the market growth in the region. Further, the fast growth observed in electrical and electronic manufacturing sector in countries such as China and Taiwan has been a short to the arm for the APAC polycarbonate films market. China’s growing dominance over the automotive industry is also proving tailwinds to the region’s market.
North America is also expected to remain a highly attractive market for polycarbonate films during the forecast period. Presence of a vast end-use industry “automotive sector” makes the region an attractive business destination for market players. The medical industry and the electronic industry in region also present exciting market opportunities.
The market growth in Europe is expected to be relatively slower compared to APAC and North America. Nonetheless, the region is home to some of the key companies operating in the market, along with the film manufacturing expertise displayed by European players. Such factors are likely to help boost investor confidence in Europe. ‘
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