Pune, India -- (SBWIRE) -- 11/15/2017 -- Synopsis of Polycarbonate Glazing:
Polycarbonate Glazing are heat-blocking sheets that reduce heat buildup as well as condensation control in skylights and architectural glazing for the treatment of greenhouses and garden centers. This material permits around 85% penetration of light, heats up less than glass and withstands mechanical blows. This material is flexible in nature which make it suitable for utilization in the manufacturing of curved surfaces. These sheets are of different size and shapes, ranging from typical flat sheets to multiple layers and some more specialized panels including standing steam or tongue and groove design. Polycarbonate glaze possess cellular polycarbonate arrangement that cause a lightweight sheet with high impact durability and high class thermal insulation. Polycarbonate is also available in solid form ranging from 3mm to 12mm. This product seems to be virtually indestructible and provides endless opportunities for usage in those areas where security and safety issues are paramount.
As per analysis, some of the market factors and trends identified in the Global Polycarbonate Glazing Market includes growth of construction sector, increasing automotive production, and favorable government regulations. Furthermore, growing urban population, escalating investments, and rising per capita disposable income in emerging economies is anticipated to give new impetus to the polycarbonate glazing demand over the forecast period. The benefits of these sheets percolated across commercial, industrial, and institutional sectors finding wide application scope in overhead glazing and greenhouse glazing which will further boost up the market growth. Moreover, shifting consumer preference towards green & sustainable construction is expected to benefit the Polycarbonate Glazing demand in the upcoming years. Additionally, rising demand for lightweight automobiles coupled with adoption of strict emission reduction norms are predictable drivers of the market. Moreover, significant increase in automotive production sales in developing and developed regions is expected to fuel the market growth. However, high cost associated with the Polycarbonate Glazing material along with the regulations prohibiting the usage of polycarbonate in automotive windscreens is predicted to hinder market growth over the forecast period. According to MRFR analysis, cumulatively the Global Polycarbonate Market was valued at USD 3,789.0 million in 2016 and is expected to reach USD 6,629.4 million by 2023 with 8.43% CAGR during the review period.
Commenting on this report, an analyst from Market Research Future (MRFR)'s team said, "Global Polycarbonate Glazing Market was valued at USD 3,789.0 million in 2016 and is predicted to grow at 8.43% CAGR to reach USD 6,629.4 million by the end of 2023. Polycarbonate Glazing is gaining importance in the global market with the increase in consumption of plastic material in automotive industry. These are widely utilized in number of applications including architectural glazing, windscreen, illuminated signage, roofing & sidelights, and displays.
Some of the prominent market factors that positively influence the market growth are increasing demand from construction sector as well as improving automotive industry. Rapid industrialization coupled with rising disposable income in developing economies are expected to drive market growth over the forecast period. Increasing investment in the industrial as well as commercial construction sector is predicted to boost the market demand. Additionally, automotive dominated the market with a share of 27.11% and projected to expand with the highest CAGR in developing and developed regions which in turn is expected to fuel the market growth.
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The Global Polycarbonate Glazing Market is divided into application, end use and region. Based on application Global Polycarbonate Glazing Market is segmented into architectural glazing, sidelights, roofing & skylights, windscreens, illuminated signage & displays, and others. On the basis of end use, the market is segmented into industrial construction, commercial construction, institutional construction, horticulture & agriculture, automotive, and others.
Architectural glazing holds the largest application segment, and accounts for 26% in overall revenue generated by Polycarbonate Glazing Market. Polycarbonate glazing finds wide application scope in architectural glazing which is majorly driven by excellent properties such as UV protection, durability and high impact resistance. Additionally, polycarbonate panels offer opportunities for day lighting, a key component of the sustainable building movement. The overall architectural glazing application segment was estimated to be valued at USD 1,002.2 million in 2016 and predicted to expand with a significant CAGR over the forecast period. Furthermore, sidelights application accounted for over 15% of the overall revenue share 2016. These offer various advantages over traditional fiberglass corrugated panels such as optical clarity and UV protection. Polycarbonate sheets are widely utilized in transparent and translucent roofing elements and skylights due to its rigidity and optical clarity. Windscreens, side windows, rear windows, and panoramic roofs are the main application areas for glazing in vehicles. Automobile manufacturers are focusing on making lightweight vehicles in order to achieve fuel efficient vehicles and reduce carbon dioxide emission rate. Furthermore, increasing usage of illuminated signage & displays in developing countries combined with significant investment on advertising strategies is predicted to fuel market growth over the forecast period. Other application for Polycarbonate Glazing include backlight, sunroof, automotive lighting, etc. The rising acceptance of Polycarbonate Glazing in automotive applications depicts tremendous opportunities over the forecast period. Other segment was valued at USD 388.4 million in 2016 and is predicted to reach USD 648.0 million by 2023. However, strict regulations regarding usage of polycarbonate in windshields is anticipated to challenge industry participants in the upcoming years.
Automotive is estimated to be the largest end use segment and accounted for around 27% market share in 2016. The increasing need of safety in vehicles coupled with superior properties of Polycarbonate Glazing is driving segment growth significantly. The Automotive Glazing Market is expected to gain importance over the forecast period owing to the aforementioned reasons. However, industrial, commercial, and institutional construction collectively accounted for over 50% of the market share. Rapid growth of industrial sector along with the strong economic outlook of developing economies is set to propel market growth.
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Regionally, the Global Polycarbonate Glazing Market is divided into five main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among all the regions, Asia Pacific dominates the market and expected to witness fastest CAGR during the review period. Rising construction activities and growth of automotive industry are the major factors behind the market growth in Asia Pacific. The Asia Pacific market is trailed by Europe, which is followed by North America.
Key Points from Table of Contents:
9 Company Profile
9.1 Brett Martin Plastic Sheets
9.1.1 Company Overview
9.1.2 Product Segment
9.1.4 Key Developments
9.2 Palram Industries Ltd.
9.2.1 Company Overview
9.2.2 Product Segment
9.2.4 Key Developments
9.3 Plazit Polygal
9.3.1 Company Overview
9.3.2 Product Segment
9.3.3 Key Developments
9.4 Guangdong amuse plastic products co., limited
9.4.1 Company Overview
9.4.2 Product Segment
9.5 MG Polyplast Industries Pvt Ltd
9.5.1 Company Profile
9.5.2 Product Segment
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