Market Highlights:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Polycarbonate Glazing Market was valued at USD 3,789.0 million in 2016 and is predicted to grow at 8.43% CAGR to reach USD 6,629.4 million by the end of 2023. Polycarbonate glazing is gaining importance in the global market with the increase in consumption of plastic material in automotive industry. These are widely utilized in number of applications including architectural glazing, windscreen, illuminated signage, roofing & sidelights, and displays.

Some of the prominent market factors that positively influence the market growth are increasing demand from construction sector as well as improving automotive industry. Rapid industrialization coupled with rising disposable income in developing economies are expected to drive market growth over the forecast period. Increasing investment in the industrial as well as commercial construction sector is predicted to boost the market demand. Additionally, automotive dominated the market with a share of 27.11% and projected to expand with the highest CAGR in developing and developed regions which in turn is expected to fuel the market growth.

Polycarbonate glazing: Increasing demand in automotive industry will boost the global market with a CAGR of 8.43%

Key Players
Key players operating in the polycarbonate glazing market are
• Brett Martin Plastic Sheets,
• Palram Industries Ltd.,
• Plazit Polygal,
• Guangdong Amuse Plastic Products Co., Limited,
• MG Polyplast Industries Pvt. Ltd,
• SABIC,
• Gallina
• others.

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Segment Analysis
The global polycarbonate glazing market is divided into application, end use and region. Based on application global polycarbonate glazing market is segmented into architectural glazing, sidelights, roofing & skylights, windscreens, illuminated signage & displays, and others. On the basis of end use, the market is segmented into industrial construction, commercial construction, institutional construction, horticulture & agriculture, automotive, and others.

Architectural glazing holds the largest application segment, and accounts for 26% in overall revenue generated by polycarbonate glazing market. Polycarbonate glazing finds wide application scope in architectural glazing which is majorly driven by excellent properties such as UV protection, durability and high impact resistance. Additionally, polycarbonate panels offer opportunities for day lighting, a key component of the sustainable building movement. The overall architectural glazing application segment was estimated to be valued at USD 1,002.2 million in 2016 and predicted to expand with a significant CAGR over the forecast period. Furthermore, sidelights application accounted for over 15% of the overall revenue share 2016.

Based on geography, the global polycarbonate glazing market is divided into five regions namely— North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among the aforementioned regions, Asia Pacific market accounted for over 44% market share in terms of volume in 2016.

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Asia Pacific polycarbonate glazing market is divided into China, Japan, India, and Rest of Asia Pacific. Comparatively, China dominated the market for polycarbonate glazing over other countries in the region accounting for nearly 45% in terms of value in the Asia Pacific market. India was estimated to be the second largest market in 2016, valued at USD 486.1 million. Some of the significant factors attributed to the growth are growing public-private construction projects, expansion of industrial sector, and huge investment in education and medical buildings in emerging economies. In China, numerous government driven projects such as railroad networks and airports have been allocated a huge amount of funds in 10 and 15 years cycle. In India, government’s initiatives such as “housing for all by 2022” and “Smart cities” are expected to fuel infrastructure development in India. Rapidly expanding private sector coupled with rising consolidation and strategic alliances are predicted to contribute in Indonesia and Vietnam construction industry. In Japan, positive development in regional economic conditions and investment in public transport infrastructure is expected to propel demand for polycarbonate glazing. Significant increase in automotive production and sales in countries such as Japan, India, and China is expected to propel market growth.

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