According to the most recent Fact.MR survey, 5,006 KT of Polycarbonate Sheets were sold in 2018, with sales expected to increase by 4% in 2019. The global Polycarbonate Sheets market is expected to rise steadily in the coming years, owing to a significant increase in the number of applications across many industry verticals.
According to the report, rapidly rising applications in the building and construction industry, which accounted for 30% of total polycarbonate resin sales in 2018, would continue to provide lucrative growth opportunities for stakeholders through 2029.
Innovation- Opening Doors to New Applications
The Reality. According to the MR survey, some manufacturers have dived into technologically advanced manufacturing processes in order to keep their offerings up to date with the demand for cutting-edge end-use products. The smart grid electric system, which uses Polycarbonate Sheets as a building block, is developing as a gold mine for manufacturers, as demand for these systems has been steadily increasing in recent years.
3D printing, on the other hand, is a rapidly growing technology, and manufacturers are aiming to use it to expand the present applications of Polycarbonate Sheets. Polycarbonate’s light weight and translucency, which are superior to other Fused Filament Fabrication (FFF) 3D printing materials, have allowed manufacturers to maximise the benefits of this additive manufacturing technology.
Bio-based Variants – A Drive to Better Positioning
Over the years, the polycarbonate market has become more competitive, with players seeking to turn material constraints into advantages and appeal to a wider range of end-users. While various replacements continue to stifle the Polycarbonate Sheets market’s growth trajectory, prominent manufacturers are investing in novel manufacturing processes in order to achieve a competitive pricing point for Polycarbonate Sheets.
Novel versions are also entering the market in response to the recent growth in the usage of bio-based polymers and the emergence of carbon fibres for comparable purposes as Polycarbonate Sheets. Bio-based Polycarbonate Sheets have emerged as a result of this, as well as an increase in thermoplastic industrial uses and awareness of petrochemical disposal.