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Polycarbonate Films Market- Emerging Trends, Leading Global Players Insight and Forecast upto 2023
Polycarbonate Films Market is dominated by Asia Pacific region and driven by applications in various end-use industries like automotive and transportation, aerospace, packaging, electrical and electronics, and others
Polycarbonate Films are used in wide ranges of end use industries owing to its excellent properties such as impact resistance, enhanced thermal properties, durability, optical clarity, and enhanced stability among others. The rising demand of the low VOC emitting materials coupled with the development of automotive industry throughout the globe is substantially affecting the growth of the polycarbonate films market.
The global polycarbonate films market has been driven by the range of its application in various end use industries such as electronic, automotive, and medical packaging among others. Moreover, it is estimated that the optical polycarbonate films is set to witness the highest growth in the market due to the growing consumption in the automotive interiors, IMD applications, electronics and others during the forecast period, 2017-2023.
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The global Polycarbonate Films Market is categorized into product type and end-user. On the basis of the product type, the market is segregated into optical, flame, retardant, weatherable, and others. The market by the end use industry is bifurcated into electrical and electronics, transportation, and medical packaging.
Top Global Key Players:
Some of the prominent players operating in the global Polycarbonate Films Market are, SABIC (Saudi Arabia), Covestro (Germany), Teijin Ltd. (Japan), 3M (U.S.), Suzhou Omay Optical Materials Co. Ltd. (China), and Mitsubishi Gas Chemical Company Inc. (Japan), Excelite (China), MGC Filsheet co. Ltd. (Japan), and Rowland Technologies (U.S.), and others
The Global Polycarbonate Films Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Among these, Asia Pacific holds a major share of the global market and is projected to be the largest and fastest growing market, owing to the increasing consumption of polycarbonate films in the automobile and electronic industry among others. Moreover, the developing retail sector in the region coupled with the increasing smart phone penetration has augmented the sales of electronics and consumer goods which in turn is positively affecting the market growth. It is estimated that the optical polycarbonate films product segment is set to observe the highest CAGR in the market due to growing application in the automobile and electronics. Moreover, increasing government regulations regarding the use of environment friendly materials is likely to generate a rapid growth during the forecast period.
The North American market is expected to grow at a steady CAGR due to high adoption of polycarbonate films in the U.S., and Canada. The presence of the developed end user industries such as automotive and electronics are major factors contributing to the market growth. Moreover, the increasing health consciousness among the population has further augmented the demand for medical devices which in turn is expected to fuel the market growth.
The European market is expected to show significant growth during the forecast period. The stringent government regulation for green-house emissions has fuelled the use of polycarbonate films owing to its low VOC emissions in consumer goods, electronics, and automobile among others. The developed automobile industry has increased the use of polycarbonate films in the interiors, headlamps, clusters, instrument panels, glove compartment flaps, and others.
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