Polycarbonate Films Market Size Forecast to Reach $3 Billion by 2025


Posted October 12, 2020 by rohitkurup99

"Growing e-commerce and consumer sector, increasing population, developing middle class sector, and changing lifestyle will increase the market demand for polycarbonate films in the near future."

 
Polycarbonate films market size is forecast to reach $3 billion by 2025, after growing at a CAGR of 7% during 2020-2025. Polycarbonate film provides an outstanding optical clarity, printability, impact strength, and dimensional stability along with high temperature resistance, halogen free flame retardance, chemical resistance, and superb workability for secondary processes such as die-cutting, embossing, and thermoforming compared with other types of plastic films such as PVS, PP, and PE. Due to such special properties of polycarbonate films, the demand is growing from various applications including automotive parts, lenses, industrial equipment and housing components, and electrical insulators and connectors.

Key Takeaways
Asia-Pacific dominates the polycarbonate films market owing to increasing demand from the electrical & electronics industry especially from China and Japan.
The continuous expansion and new product developments in automobile sector globally, is likely to aid in the market growth of polycarbonate film industry.
The growing e-commerce and consumer sector, increasing population, developing middle class sector, and changing lifestyle will increase the market demand for polycarbonate Films in the near future.
The growing investments and development in transportation sector will create growth opportunities for the Polycarbonate Films market primarily in emerging country like China, India, Brazil, and Argentina.

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Geography – Segment Analysis
In 2019, the APAC region dominated the global polycarbonate films market with a share of more than 35% and is estimated to dominate throughout the forecast period followed by North America and Europe. The growing automotive, transportation, and electronic sector in China India, Japan, South Korea, Taiwan, and Thailand are likely to drive the growth of this market in the APAC region during the forecast period. Furthermore, the increasing urbanization and the growing population is also contributing for the growth of polycarbonate films market share across the region during the forecast period.

Drivers – Polycarbonate Films Market
Growing demand from the electronics and automotive industry
Increasing adoption of polycarbonate films as an alternative to conventional material

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polycarbonate Films market. Major players in the Polycarbonate Films Market are TEKRA, Covestro AG, SABIC, 3M, Teijin Limited Mitsubishi Gas Chemical Company, Suzhou Omay Optical Materials, RoWland Technologies, MGC Filsheet and Excelite, Sichuan Longhua Film, among others.

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Last Updated October 12, 2020