According to a new report, published by KBV research, The Global Polycarbonate Sheets Market size is expected to reach $2.3 billion by 2031, rising at a market growth of 5.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,47,954.65 thousand square meters, experiencing a growth of 20.2% (2020-2023).
Developing smart and self-healing coatings for polycarbonate sheets is gaining traction in the market. These coatings offer additional protection against scratches, abrasions, and weathering, prolonging the lifespan of polycarbonate sheets and reducing maintenance requirements. Smart coatings with anti-fog, anti-static, or anti-graffiti properties are used in applications where visibility, cleanliness, and aesthetics are important, such as automotive glazing, electronic displays, and architectural glazing.
The Multiwall market dominated the Global Polycarbonate Sheets Market by Type in 2023; thereby, achieving a market value of $867.5 million by 2031. Multiwall polycarbonate sheets feature multiple layers or walls separated by air spaces, which provide excellent thermal insulation properties. This helps regulate indoor temperatures by minimizing heat transfer, making them ideal for roofing, skylights, and greenhouse glazing applications. Multiwall sheets help maintain comfortable indoor environments, reduce energy consumption for heating and cooling, and contribute to building energy efficiency.
The Electrical & Electronics segment is growing at a CAGR of 4.7 % during the forecast period. Polycarbonate sheets exhibit excellent electrical insulation properties, making them ideal for electrical and electronic applications. They can effectively insulate electrical components and circuits, protecting them from moisture, dust, and other environmental contaminants. Polycarbonate sheets help ensure electronic devices’ safe and reliable operation, reducing the risk of electrical malfunctions and failures.
Full Report: https://www.kbvresearch.com/polycarbonate-sheets-market/
The Asia Pacific region dominated the Global Polycarbonate Sheets Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.1 billion by 2031. The Europe region anticipated to grow at a CAGR of 5.1% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 5.3% during (2024 - 2031).
By Type (Volume, Thousand square meters, USD Billion, 2020-2031)
By End-Use (Volume, Thousand square meters, USD Billion, 2020-2031)
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