The Europe Polycarbonate Sheets Market would witness market growth of 5.1% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 44,587.53 thousand square meters, showcasing a growth of 19.7% (2020-2023).
The building and construction sector extensively utilizes polycarbonate sheets for a variety of applications due to their versatility and durability. These sheets are commonly employed for roofing, skylights, wall panels, and glazing in both residential and commercial buildings. Their high impact resistance, coupled with lightweight properties, makes them ideal for construction projects where safety and ease of installation are paramount. Therefore, the Germany market consumes 1,725.13 thousand square meters in building and construction segment in 2023.
The Germany market dominated the Europe Polycarbonate Sheets Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $113.8 million by 2031. The UK market is exhibiting a CAGR of 4.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5.8% during (2024 - 2031).
Polycarbonate are used in automotive applications for manufacturing windows and windshields due to their lightweight construction, high impact resistance, and optical clarity. They provide durability and optical clarity for effective lighting performance. Also, sheets are used for vehicle interior panels to create lightweight, durable, and aesthetically pleasing surfaces. They offer design flexibility, impact resistance, and ease of installation for automotive interiors.
Additionally, sheets are used to manufacture display screens for electronic devices such as mobiles, tablets, and monitors. Polycarbonate are employed for touch panels in electronic devices to provide a responsive and durable interface for user interaction. They offer excellent touch sensitivity, impact, and chemical resistance for reliable performance. Also, sheets are used to manufacture protective covers and enclosures for electronic components and devices.
As per the International Trade Administration (ITA), the automotive sector is one of Italy’s main industries, and in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. Additionally, according to Eurostat, in 2022, the sold production of high-tech products in the EU reached 355 billion, showing a 10.2% growth compared with the previous year (322 billion in 2021). Over the last decade, there has been an average annual increase of 2.6% (275 billion in 2012). The growing production of high-tech products in Europe drives the demand for polycarbonate sheets as manufacturers seek reliable and innovative materials to meet stringent performance requirements. Therefore, growing vehicle production and increasing production of high-tech products are propelling the market’s growth.
Free Valuable Insights: The Global Polycarbonate Sheets Market will Hit USD 2.3 Billion by 2031, at a CAGR of 5.6%
Based on Type, the market is segmented into Multiwall, Solid, Corrugated and Others. Based on End-Use Industry, the market is segmented into Electrical & Electronics, Building & Construction, Automotive & Transportation, Aerospace & Defense, Packaging, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Thousand square meters, USD Billion, 2020-2031)
By End-Use (Volume, Thousand square meters, USD Billion, 2020-2031)
By Country (Volume, Thousand square meters, USD Billion, 2020-2031)
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