New York, NY, Feb. 08, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Polycarbonate Panels Market by Type (Multi-Wall Panels, Corrugated Panels, and Solid Panels) and by Application (Building & Construction, Automotive, Electrical & Electronics, Medical, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global polycarbonate panels market was valued at USD 1.77 billion in 2018 and is expected to reach USD 2.43 billion by 2025, at a CAGR of 4.6% between 2019 and 2025.
Polycarbonate is one of the finest plastic materials available globally. It is durable, moldable, flame resistant, lightweight, shatterproof, and energy-efficient. Polycarbonate panels are extremely tough and absorb minimal moisture apart from being damage and water resistant.
Browse through 83 Tables & 39 Figures spread over 110 Pages and in-depth TOC on “Global Polycarbonate Panels Market Size & Trends 2018: Industry Type, Share, Segments, Growth, Analysis and Forecast 2025”.
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The global polycarbonate panels market is expected to grow rapidly in the years ahead owing to the rising product application in several end-user industries, such as automotive, construction, and electronics. Due to the versatile properties of polycarbonate panels, such as excellent elasticity, lightweightness, high impact strength, and high functionality at a wide range of temperatures, they are extensively used in the automotive industry. Moreover, the growing demand for polycarbonate panels by the construction industry is likely to be another major factor driving this global market in the upcoming years. However, the high environmental impacts of polycarbonate panels might hamper polycarbonate panels market growth over the estimated timeframe. Alternatively, the rising application of polycarbonate panels in the medical industry is projected to offer new growth opportunities in the future.
The global polycarbonate panels market is classified based on type and application. The type segment includes multi-wall panels, corrugated panels, and solid panels. Solid panels are expected to register the highest CAGR over the estimated time period, owing to the increasing product use in various end-user industries. Moreover, solid polycarbonate panels are widely used in fabrication structures for porticos, roofing sheds, gardens, terraces, and swimming pools. By application, the polycarbonate panels market includes building and construction, automotive, electrical and electronics, medical, and others. The medical sector is projected to register the fastest rate of growth in the years ahead, owing to the rising use of polycarbonate panels for cardiac surgery products, intravenous connection components, and surgical instruments.
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In 2017, the Asia Pacific region dominated the global polycarbonate panels market due to the growing demand for polycarbonate panels by automotive, construction, and electrical and electronics industries. In 2018, China held the largest share of the global polycarbonate panels market. Japan, India, and South Korea are projected to offer lucrative market opportunities in the upcoming years. The growing construction industry in China, India, Indonesia, and Vietnam is further expected to propel the demand for polycarbonate panels. Additionally, polycarbonate panels are widely used in industrial roofing building systems, greenhouses, and to produce safety bars for window and doors. Furthermore, the constant innovations witnessed in plastic technologies and the increasing demand for economical interior furnishings in the automotive industry are expected to fuel the demand for polycarbonate panels, thereby, propelling this global market’s growth over the forecast time period.
The North American polycarbonate panels market is expected to grow significantly over the forecast period, owing to the region’s emerging automotive construction industries in the U.S. and Canada.
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The European polycarbonate panels market is expected to grow at a slower rate as compared to other regions, owing to the strict environmental rules and regulations related to the use of polycarbonate panels in the region. The region’s developed automotive industry is projected to drive the polycarbonate panels market over the forecast timeline.
Latin America is projected to grow at the fastest rate in the global polycarbonate panels market over the estimated timeframe. This can be attributed to rapid industrialization, flourishing automotive industry, and increasing demand for various electronic products. Additionally, the emerging construction industry in Brazil and Colombia is likely to further drive the region’s polycarbonate panels market in the future.
Browse the full “Polycarbonate Panels Market by Type (Multi-Wall Panels, Corrugated Panels, and Solid Panels) and by Application (Building & Construction, Automotive, Electrical & Electronics, Medical, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/polycarbonate-panels-market
The Middle Eastern and African polycarbonate panels market is predicted to grow substantially in the upcoming years, owing to the rising demand for specialized and miniaturized consumer electronics and the increasing use of polycarbonate panels in the automotive industry for interior furnishing.
Some key players of the global polycarbonate panels market are SABIC, Palram Industries, Covestro, Plazit, UG-Plast, Gallina, Polygal, Brett Martin, Koscon Industrial, SafPlast, Carboglass, Arla Plast AB, DS Smith, IsikPlastik, Aoci Decoration Material, Gi Plast, JiasidaSunsheet, and Quinn, among others.
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The report segments the global polycarbonate panels market into:
Global Polycarbonate Panels market: Type Analysis
Global Polycarbonate Panels market: Application Analysis
Global Polycarbonate Panels market: Regional Analysis
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