Market Insights:
Polycarbonate films are a sough-after industry
material. They desired by vertical such as, automotive, healthcare,
electronics, etc. According to the study conducted by Market Research Future
(MRFR) the global polycarbonate films market is likely to witness a sound
growth during the forecast period (2017-2023).
The vast application based of polycarbonate
films, continue to fuel their global demand. These films have properties such
as excellent stability, clarity, heat resistance, high impact strength, which
make desirable for using in various types of industrial application. Membrane
switches, labels and nameplates, control panels and boards the some of the
products that have polycarbonate films.
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Characteristics such as heat resistance and
impact resistance make polycarbonate films suitable for manufacturing
electronic components that are used in mobile phones, and LCD screens other.
Growth of end-use market is a major market driver.
Market players are actively focusing on
development of eco-friendly and recyclable variants owing to introduction of
stricter environment laws. At the same time, a greater emphasis is being placed
on introducing cost-effective polycarbonate films to boost sales in
price-sensitive markets.
Segmental Overview:
The segmental analysis of the global Polycarbonate
Films has been conducted based on end-user and product type.
Based on type, the market has been segmented
into weatherable, flame retardant, optical, and others. Based on end-user, the
market has been segmented into medical packaging, transportation, and electrical
and electronics.
Competitive Landscape:
·
Covestro
·
3M
Company
·
Mitsubishi
Gas Chemical Company, Inc
·
Rowland
Technologies
·
SABIC
·
Suzhou
Omay Optical Materials co., Ltd.
·
MGC
Filsheet co. Ltd
·
Teijin
Limited
·
Excelite
Industry News
Highlights:
- German adhesive manufacturing
company Covestro is reportedly expanding its production capacity for
high-quality polycarbonate films in its Dormagen site. The new coextrusion
lines are expected to become fully operational by 2020-end and allow the
company to reduce the supply and demand ratio.
- Saudi based petrochemical
manufacturing company SABIC recently unveiled a novel transparent
high-heat LEXAN™ CXT film product. The film has been developed using
polycarbonate-based technology, which combines high design flexibility and
superior optical clarity with robust dimensional and thermal stability at
higher process temperatures.
Regional Analysis:
Based on region, the market has been segmented
into the Middle East & Africa (MEA), Latin America, Europe, North America
and Asia Pacific (APAC). Of these, Asia Pacific accounts for a significant
share of the market. Additionally, the market in APAC is projected to exhibit a
highest growth during the forecast period. Rising population base and growing
per capita income are among the key macro-economic elements that are supporting
the market growth in the region. Further, the fast growth observed in
electrical and electronic manufacturing sector in countries such as China and
Taiwan has been a short to the arm for the APAC polycarbonate films market.
China’s growing dominance over the automotive industry is also proving
tailwinds to the region’s market.
North America is also expected to remain a
highly attractive market for polycarbonate films during the forecast period.
Presence of a vast end-use industry “automotive sector” makes the region an
attractive business destination for market players. The medical industry and
the electronic industry in region also present exciting market opportunities.
The market growth in Europe is expected to be
relatively slower compared to APAC and North America. Nonetheless, the region
is home to some of the key companies operating in the market, along with the
film manufacturing expertise displayed by European players. Such factors are
likely to help boost investor confidence in Europe. ‘
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