Polycarbonate Films Market Size

Polycarbonate Films Market Size

Polycarbonate (PC) Films Market size was over USD 1.4 billion in 2017 and industry expects consumption at over 550 kilo tons by 2024.

Rising demand for plastic films primarily for automotive applications on account of reducing vehicle weight and improving fuel efficiency may stimulate polycarbonate films market size. They have superior properties including high elasticity, resistance to abrasion, chemical, heat and moisture which increases their suitability for automotive applications. It comprises of various products such as optical, weatherable, flame retardant and anti-fog films catering to electronics & electrical, medical, agriculture and construction industries, thereby stimulating industry growth.
 

Global automotive market size is likely to surpass USD 5.5 trillion by 2024 which provides various opportunities in the polycarbonate films market demand. Increasing demand towards automotive applications owing to high light transmission, toughness, dimensional stability and appeal is likely to accelerate growth of PC films market size. Moreover, durability and minimization of ripple in vehicles may further stimulate industry growth. Also, European polycarbonate sheet extruders (EPSE) promotes the usage of these sheets by developing industry standards and supports vast supply chain which generates an array of business services, thereby increasing product demand.
 

Global construction industry may surpass USD 7.5 trillion over the projected time frame. PC films are widely used in building & construction products, from skylights and windows to wall panels, rooftop domes owing to high optical clarity, heat resistance and flammability properties, resulting into increased polycarbonate films market demand.
 

Increasing R&D efforts by producers to achieve lucrative production and higher product efficacy may foster polycarbonate films market growth. Government regulations and policies play a critical role in development of electronics market in China, Japan and India may upsurge the product demand in the region. Global consumer electronics market may surpass 1.5 trillion in the predicted timeframe owing to growing middle-class population coupled with increased usage of electronic devices, which in turn boost industry growth.
 

Manufacturing process of PC films is capital intensive along with usage of hazardous chemicals is likely to hamper market growth in the projected timeframe. High material cost and manufacturing necessities may boost up production costs. However, advanced strategies achieving economical cost along with product enhancement may offer several opportunities in the market.