The Latin America, Middle East and Africa Polycarbonate Sheets Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 28,728.27 thousand square meters, showcasing a growth of 4.9% (2020-2023).
Solid polycarbonate sheets find wide applications across various industries due to their exceptional properties. In the construction sector, solid sheets are used for roofing, skylights, and glazing due to their high impact resistance, durability, and UV protection. They provide a lightweight alternative to glass, making installation easier and reducing structural support requirements. Therefore, the Brazil market consumes 1,899.07 thousand square meters of Solid polycarbonate segment in 2023.
The Brazil market dominated the LAMEA Polycarbonate Sheets Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $49.4 million by 2031. The Argentina market is showcasing to witness a CAGR of 8.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.8% during (2024 - 2031).
This offer design flexibility, allowing architects, engineers, and designers to create innovative and visually striking structures. They can be easily cut, drilled, thermoformed, and molded into various shapes, sizes, and configurations to meet specific project requirements. This versatility enables the realization of unique architectural designs, creative signage, and customized solutions for building interiors and exteriors.
The sheet contributes to building energy efficiency by allowing natural daylight to penetrate through while providing thermal insulation properties. They help reduce the reliance on artificial lighting during the day, lowering energy consumption and utility costs. Additionally, multiwall sheets with insulating air pockets offer enhanced thermal performance, improving energy efficiency in roofing and glazing applications.
The sheets are used in the manufacturing of solar panels as coverings to protect photovoltaic cells from environmental factors while allowing sunlight to pass through. The expanding solar energy sector in Brazil stimulates the demand for sheets as a key component in solar panel production, contributing to the overall growth of the market. As per the International Trade Administration (ITA), the renewable energy sector accounts for 83% of the Brazilian electricity matrix, while the average is around 25%. The renewable energy industry has continuously expanded over the years through private investment. Investments in the Brazilian electricity sector is expected to reach over $100 billion by 2029, including utility-scale generation, distributed generation, transmission, and distribution projects. Additionally, the growing construction sector in the UAE drives the demand for polycarbonate sheets as developers and contractors seek durable, lightweight, and aesthetically pleasing materials for modern building projects. As per the Dubai Statistics Center, in 2022, there were 13,236 buildings under construction in Dubai and 1,941 completed buildings. Rapid urbanization has increased demand for housing, commercial spaces, and public amenities. In conclusion, the growth of renewable energy sector and increasing construction in the region is driving the growth of the market.
Free Valuable Insights: The Worldwide Polycarbonate Sheets Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
