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 meter, experiencing a growth of 20.2% (2020-2023).
The building and construction segment held a promising growth rate in the polycarbonate sheets market in 2023. Due to great formability and customization options of sheets, architects and designers can construct distinctive and inventive architectural features with sheets. Therefore, the segment generated 14.69% revenue share in 2031. In terms of volume the Russian building and construction segment would use 1,846.71 thousand square meters by 2031. They can be thermoformed, curved, or molded into various shapes and sizes to achieve intricate designs and geometries.
Polycarbonates are often used to manufacture transparent enclosures and covers for electronic devices such as smartphones, tablets, and consumer electronics. Their ability to insulate against electrical currents and prevent short circuits enhances the safety and performance of electronic devices, particularly in high-voltage applications. Therefore, the electronics industry's expansion is driving the market's growth. Additionally, Continuous research and development efforts in material science have led to developing sheets with enhanced performance characteristics. Thus, ongoing advancements in technology and material science are propelling the market's growth.
However, Polycarbonate is typically manufactured using bisphenol A (BPA), a chemical compound that has raised concerns due to its potential adverse health effects. VOCs such as styrene, benzene, and toluene are associated with respiratory irritation, headaches, and other adverse health effects. Thus, the harmful effects of sheets hamper the market's growth.
By Type Analysis
Based on type, the market is divided into solid, multiwall, corrugated, and others. In 2023, the solid segment attained 32.07% revenue share in the market. In terms of volume, the solid segment registered a consumption of 76,060.09 thousand square meters in 2023. Solid sheets are known for their exceptional durability and impact resistance. They can withstand high levels of impact without breaking or shattering, making them suitable for applications where safety and longevity are paramount, such as security glazing, protective barriers, and vandal-resistant panels.
By End-Use Analysis
Based on end-use industry, the market is segmented into building & construction, electrical & electronics, automotive & transportation, aerospace & defense, packaging, and others. In 2023, the automotive & transportation segment attained 21.42% revenue share in the market. In terms of volume the segment consumed 51,388.60 thousand square meters in 2023. Polycarbonate offers greater design flexibility. Allowing automotive designers to create sleek, aerodynamic shapes and complex curves. These sheets can be molded and formed into various shapes, sizes, and thicknesses, enabling the integration of innovative design elements such as panoramic sunroofs, curved windshields, and seamless window panels.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 48.48% revenue share in the market in 2023. The Asia Pacific region is experiencing rapid urbanization, accompanied by robust construction activity in residential, commercial, and infrastructure sectors. Polycarbonates are widely used in construction applications such as roofing, skylights, facades, and partitions due to their durability, versatility, and aesthetic appeal. The growing demand for construction materials in emerging economies like China, India, and Southeast Asian countries drives the significant uptake of sheets in the region.
Recent Strategies Deployed in the Market
Jan-2024: Covestro AG came to an agreement for the supply of chemically recycled, circular feedstock derived from post-consumer end-of-life plastic. Through this agreement, the company will enable the reuse of used plastics and, additionally, have a lower carbon footprint, which leads to more sustainable end products.
Oct-2023: Covestro AG has geographically expended its footprints in Shanghai, China, for the mechanical recycling (MCR) compounding line for polycarbonates. The line has the capacity to generate more than 25,000 tons of polycarbonates and their blends. Through this expansion, the company will fulfil the growing demand for post-consumer-recycled (PCR) plastics, particularly in applications within the electrical and electronic products, automotive, and consumer goods sectors.
Sep-2023: SABIC and SINOPEC announced a 50-50 joint venture to launch the commercial operation of a new polycarbonate (PC) plant, SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC). Through this plant, the companies are building on their position as the best polycarbonate manufacturers and, additionally, increasing service capabilities, agility, and supply reliability.
Apr-2023: Covestro AG expanded its range of more sustainable polycarbonates by offering a polycarbonate with a 90 percent recycled content of plastic from post-consumer waste (PCR). The company plans to initially offer this grade in the Asia-Pacific region. This product expansion will enhance the company's portfolio.
Aug-2022: Teijin Limited collaborated with Mitsui Chemicals, Inc. to develop and market biomass-derived bisphenol A (BPA) and polycarbonate (PC) resins. Through this collaboration, the company aimed to produce more environmentally friendly products. Additionally, both companies will make efforts to achieve carbon neutrality by reducing greenhouse gas (GHG) emissions throughout product lifecycles.
List of Key Companies Profiled
- Covestro AG
- Palram Industries Ltd.
- SABIC (Saudi Basic Industries Corporation)
- Teijin Limited
- UVPLASTIC Material Technology Co., Ltd.
- S Polytech Co Ltd.
- Polyvalley Technology (Tianjin) Co.,Ltd.
- Jiaxing Innovo Industries Co., Ltd.
- Exolon Group NV (Serafin Group)
- Emco Industrial Plastics, Inc. (Newbury Franklin LLC)
Global Polycarbonate Sheets Market Report Segmentation
By Type (Volume, Thousand square meters, USD Billion, 2020-2031)
- Multiwall
- Solid
- Corrugated
- Others
By End-Use (Volume, Thousand square meters, USD Billion, 2020-2031)
- Electrical & Electronics
- Building & Construction
- Automotive & Transportation
- Aerospace & Defense
- Packaging
- Others
By Geography (Volume, Thousand square meters, USD Billion, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Polycarbonate Sheets Market, by Type
- 1.4.2Global Polycarbonate Sheets Market, by End-Use Industry
- 1.4.3Global Polycarbonate Sheets Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Recent strategies deployed in Polycarbonate Sheets Market
Chapter 5.Global Polycarbonate Sheets Market by Type
- 5.1Global Multiwall Market by Region
- 5.2Global Solid Market by Region
- 5.3Global Corrugated Market by Region
- 5.4Global Others Market by Region
Chapter 6.Global Polycarbonate Sheets Market by End-Use Industry
- 6.1Global Electrical & Electronics Market by Region
- 6.2Global Building & Construction Market by Region
- 6.3Global Automotive & Transportation Market by Region
- 6.4Global Aerospace & Defense Market by Region
- 6.5Global Packaging Market by Region
- 6.6Global Others Market by Region
Chapter 7.Global Polycarbonate Sheets Market by Region
- 7.1North America Polycarbonate Sheets Market
- 7.1.1North America Polycarbonate Sheets Market by Type
- 7.1.1.1North America Multiwall Market by Country
- 7.1.1.2North America Solid Market by Country
- 7.1.1.3North America Corrugated Market by Country
- 7.1.1.4North America Others Market by Country
- 7.1.2North America Polycarbonate Sheets Market by End-Use Industry
- 7.1.2.1North America Electrical & Electronics Market by Country
- 7.1.2.2North America Building & Construction Market by Country
- 7.1.2.3North America Automotive & Transportation Market by Country
- 7.1.2.4North America Aerospace & Defense Market by Country
- 7.1.2.5North America Packaging Market by Country
- 7.1.2.6North America Others Market by Country
- 7.1.3North America Polycarbonate Sheets Market by Country
- 7.1.3.1US Polycarbonate Sheets Market
- 7.1.3.1.1US Polycarbonate Sheets Market by Type
- 7.1.3.1.2US Polycarbonate Sheets Market by End-Use Industry
- 7.1.3.2Canada Polycarbonate Sheets Market
- 7.1.3.2.1Canada Polycarbonate Sheets Market by Type
- 7.1.3.2.2Canada Polycarbonate Sheets Market by End-Use Industry
- 7.1.3.3Mexico Polycarbonate Sheets Market
- 7.1.3.3.1Mexico Polycarbonate Sheets Market by Type
- 7.1.3.3.2Mexico Polycarbonate Sheets Market by End-Use Industry
- 7.1.3.4Rest of North America Polycarbonate Sheets Market
- 7.1.3.4.1Rest of North America Polycarbonate Sheets Market by Type
- 7.1.3.4.2Rest of North America Polycarbonate Sheets Market by End-Use Industry
- 7.2Europe Polycarbonate Sheets Market
- 7.2.1Europe Polycarbonate Sheets Market by Type
- 7.2.1.1Europe Multiwall Market by Country
- 7.2.1.2Europe Solid Market by Country
- 7.2.1.3Europe Corrugated Market by Country
- 7.2.1.4Europe Others Market by Country
- 7.2.2Europe Polycarbonate Sheets Market by End-Use Industry
- 7.2.2.1Europe Electrical & Electronics Market by Country
- 7.2.2.2Europe Building & Construction Market by Country
- 7.2.2.3Europe Automotive & Transportation Market by Country
- 7.2.2.4Europe Aerospace & Defense Market by Country
- 7.2.2.5Europe Packaging Market by Country
- 7.2.2.6Europe Others Market by Country
- 7.2.3Europe Polycarbonate Sheets Market by Country
- 7.2.3.1Germany Polycarbonate Sheets Market
- 7.2.3.1.1Germany Polycarbonate Sheets Market by Type
- 7.2.3.1.2Germany Polycarbonate Sheets Market by End-Use Industry
- 7.2.3.2UK Polycarbonate Sheets Market
- 7.2.3.2.1UK Polycarbonate Sheets Market by Type
- 7.2.3.2.2UK Polycarbonate Sheets Market by End-Use Industry
- 7.2.3.3France Polycarbonate Sheets Market
- 7.2.3.3.1France Polycarbonate Sheets Market by Type
- 7.2.3.3.2France Polycarbonate Sheets Market by End-Use Industry
- 7.2.3.4Russia Polycarbonate Sheets Market
- 7.2.3.4.1Russia Polycarbonate Sheets Market by Type
- 7.2.3.4.2Russia Polycarbonate Sheets Market by End-Use Industry
- 7.2.3.5Spain Polycarbonate Sheets Market
- 7.2.3.5.1Spain Polycarbonate Sheets Market by Type
- 7.2.3.5.2Spain Polycarbonate Sheets Market by End-Use Industry
- 7.2.3.6Italy Polycarbonate Sheets Market
- 7.2.3.6.1Italy Polycarbonate Sheets Market by Type
- 7.2.3.6.2Italy Polycarbonate Sheets Market by End-Use Industry
- 7.2.3.7Rest of Europe Polycarbonate Sheets Market
- 7.2.3.7.1Rest of Europe Polycarbonate Sheets Market by Type
- 7.2.3.7.2Rest of Europe Polycarbonate Sheets Market by End-Use Industry
- 7.3Asia Pacific Polycarbonate Sheets Market
- 7.3.1Asia Pacific Polycarbonate Sheets Market by Type
- 7.3.1.1Asia Pacific Multiwall Market by Country
- 7.3.1.2Asia Pacific Solid Market by Country
- 7.3.1.3Asia Pacific Corrugated Market by Country
- 7.3.1.4Asia Pacific Others Market by Country
- 7.3.2Asia Pacific Polycarbonate Sheets Market by End-Use Industry
- 7.3.2.1Asia Pacific Electrical & Electronics Market by Country
- 7.3.2.2Asia Pacific Building & Construction Market by Country
- 7.3.2.3Asia Pacific Automotive & Transportation Market by Country
- 7.3.2.4Asia Pacific Aerospace & Defense Market by Country
- 7.3.2.5Asia Pacific Packaging Market by Country
- 7.3.2.6Asia Pacific Others Market by Country
- 7.3.3Asia Pacific Polycarbonate Sheets Market by Country
- 7.3.3.1China Polycarbonate Sheets Market
- 7.3.3.1.1China Polycarbonate Sheets Market by Type
- 7.3.3.1.2China Polycarbonate Sheets Market by End-Use Industry
- 7.3.3.2Japan Polycarbonate Sheets Market
- 7.3.3.2.1Japan Polycarbonate Sheets Market by Type
- 7.3.3.2.2Japan Polycarbonate Sheets Market by End-Use Industry
- 7.3.3.3India Polycarbonate Sheets Market
- 7.3.3.3.1India Polycarbonate Sheets Market by Type
- 7.3.3.3.2India Polycarbonate Sheets Market by End-Use Industry
- 7.3.3.4South Korea Polycarbonate Sheets Market
- 7.3.3.4.1South Korea Polycarbonate Sheets Market by Type
- 7.3.3.4.2South Korea Polycarbonate Sheets Market by End-Use Industry
- 7.3.3.5Singapore Polycarbonate Sheets Market
- 7.3.3.5.1Singapore Polycarbonate Sheets Market by Type
- 7.3.3.5.2Singapore Polycarbonate Sheets Market by End-Use Industry
- 7.3.3.6Malaysia Polycarbonate Sheets Market
- 7.3.3.6.1Malaysia Polycarbonate Sheets Market by Type
- 7.3.3.6.2Malaysia Polycarbonate Sheets Market by End-Use Industry
- 7.3.3.7Rest of Asia Pacific Polycarbonate Sheets Market
- 7.3.3.7.1Rest of Asia Pacific Polycarbonate Sheets Market by Type
- 7.3.3.7.2Rest of Asia Pacific Polycarbonate Sheets Market by End-Use Industry
- 7.4LAMEA Polycarbonate Sheets Market
- 7.4.1LAMEA Polycarbonate Sheets Market by Type
- 7.4.1.1LAMEA Multiwall Market by Country
- 7.4.1.2LAMEA Solid Market by Country
- 7.4.1.3LAMEA Corrugated Market by Country
- 7.4.1.4LAMEA Others Market by Country
- 7.4.2LAMEA Polycarbonate Sheets Market by End-Use Industry
- 7.4.2.1LAMEA Electrical & Electronics Market by Country
- 7.4.2.2LAMEA Building & Construction Market by Country
- 7.4.2.3LAMEA Automotive & Transportation Market by Country
- 7.4.2.4LAMEA Aerospace & Defense Market by Country
- 7.4.2.5LAMEA Packaging Market by Country
- 7.4.2.6LAMEA Others Market by Country
- 7.4.3LAMEA Polycarbonate Sheets Market by Country
- 7.4.3.1Brazil Polycarbonate Sheets Market
- 7.4.3.1.1Brazil Polycarbonate Sheets Market by Type
- 7.4.3.1.2Brazil Polycarbonate Sheets Market by End-Use Industry
- 7.4.3.2Argentina Polycarbonate Sheets Market
- 7.4.3.2.1Argentina Polycarbonate Sheets Market by Type
- 7.4.3.2.2Argentina Polycarbonate Sheets Market by End-Use Industry
- 7.4.3.3UAE Polycarbonate Sheets Market
- 7.4.3.3.1UAE Polycarbonate Sheets Market by Type
- 7.4.3.3.2UAE Polycarbonate Sheets Market by End-Use Industry
- 7.4.3.4Saudi Arabia Polycarbonate Sheets Market
- 7.4.3.4.1Saudi Arabia Polycarbonate Sheets Market by Type
- 7.4.3.4.2Saudi Arabia Polycarbonate Sheets Market by End-Use Industry
- 7.4.3.5South Africa Polycarbonate Sheets Market
- 7.4.3.5.1South Africa Polycarbonate Sheets Market by Type
- 7.4.3.5.2South Africa Polycarbonate Sheets Market by End-Use Industry
- 7.4.3.6Nigeria Polycarbonate Sheets Market
- 7.4.3.6.1Nigeria Polycarbonate Sheets Market by Type
- 7.4.3.6.2Nigeria Polycarbonate Sheets Market by End-Use Industry
- 7.4.3.7Rest of LAMEA Polycarbonate Sheets Market
- 7.4.3.7.1Rest of LAMEA Polycarbonate Sheets Market by Type
- 7.4.3.7.2Rest of LAMEA Polycarbonate Sheets Market by End-Use Industry
Chapter 8.Company Profiles
- 8.1Covestro AG
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4Research & Development Expenses
- 8.1.5Recent strategies and developments:
- 8.1.5.1Partnerships, Collaborations, and Agreements:
- 8.1.5.2Product Launches and Product Expansions:
- 8.1.5.3Geographical Expansions:
- 8.1.6SWOT Analysis
- 8.2Palram Industries Ltd.
- 8.2.1Company Overview
- 8.2.2Recent strategies and developments:
- 8.2.2.1Acquisition and Mergers:
- 8.2.3SWOT Analysis
- 8.3SABIC (Saudi Arabian Oil Company)
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
- 8.3.5Recent strategies and developments:
- 8.3.5.1Partnerships, Collaborations, and Agreements:
- 8.3.5.2Product Launches and Product Expansions:
- 8.3.5.3Acquisition and Mergers:
- 8.3.6SWOT Analysis
- 8.4Teijin Limited
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expenses
- 8.4.5Recent strategies and developments:
- 8.4.5.1Partnerships, Collaborations, and Agreements:
- 8.4.5.2Product Launches and Product Expansions:
- 8.4.6SWOT Analysis
- 8.5UVPLASTIC Material Technology Co., Ltd.
- 8.6S Polytech Co Ltd.
- 8.7Polyvalley Technology (Tianjin) Co., Ltd.
- 8.8Jiaxing Innovo Industries Co., Ltd.
- 8.9Exolon Group NV (Serafin Group)
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
- 8.10.Emco Industrial Plastics, Inc. (Newbury Franklin LLC)
Chapter 9.Winning imperatives of Polycarbonate Sheets Market