Polycarbonate films are known for their high strength, toughness, and elasticity. They also offer competent properties such as heat, abrasion, and chemical resistance. Polycarbonate films are transparent, opaque, and translucent. They also possess improved mechanical, electrical, and thermal properties. These properties make them compatible for usage in various end-use industries such as automotive, aerospace, and construction.
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Polycarbonate Films Market: Drivers and Restraints
Led by the rise in disposable income of people, the passenger cars segment is anticipated to drive the global automotive industry at a significant pace. However, increase in environmental concerns and level of pollution is estimated to hamper the market during the forecast period. A major challenge faced by OEMs is providing numerous options to customers at low cost. Increase in need to offer energy-efficient cars at low prices creates further concerns for automotive manufacturers. Thus, demand for lightweight and superior performance polymers has increased in the past few years. Polycarbonate is a functional polymer that possesses important attributes of plastic such as low weight, high elasticity, and good resistance to abrasion, heat, chemicals, oil, and moisture. Hence, polycarbonate films are considered alternatives to metal, steel, and other conventional polymers films used in the manufacture of automotive components. Therefore, rise in automobile production and increase in pressure to manufacture fuel-efficient vehicles are expected to boost the polycarbonate films market during the forecast period. However, availability of substitutes with improved performance such as thermoplastic polyurethane films is anticipated to hamper the polycarbonate films market during the forecast period.
Polycarbonate Films Market: Segmentation
Based on application, the polycarbonate films market can be segmented into:
- Automotive & Transportation
- Building & Construction
- Electrical & Electronics
- Others (Consumer Goods, etc.)
The automotive & transportation segment is expected to hold major share of the polycarbonate films market, followed by the building & construction segment, during the next few years. These films used in the automotive industry to lower the overall weight of automotive body parts and other components, and improve performance efficiency. These films are employed in engineering and designing of noise and vibration absorbing automotive parts such as interior door panels, seating in-fills, and thermal insulation covers for engine bays. These films are used as sheet linings and thermal resistant membranes for molding of concrete and gypsum structures in the construction industry.
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Polycarbonate Films Market: Region-wise Outlook
In terms of consumption, Asia Pacific constituted significant share of the global polycarbonate films market in 2016. This trend is estimated to continue during the forecast period. The polycarbonate films market in North America is projected to create substantial incremental opportunity between 2017 and 2025 compared to that in other regions. The polycarbonate films market in Latin America is expected to expand at a relatively higher growth rate compared to that in Middle East & Africa during the forecast period.
Automotive and aerospace components are largely manufactured in Europe, North America, and Asia Pacific. Thus, these regions dominate the polycarbonate films market in terms of consumption, as polycarbonate films are primarily used in automotive and aerospace industries.
Polycarbonate Films Market: Key Market Players
Key players operating in the global polycarbonate films market are Covestro, Mitsubishi Gas Chemical Company, Inc., Tekra, and Rowland Technologies, Inc.