“Global Polycarbonate Glazing Market Research Report- Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023. Brett Martin Plastic Sheets, Palram Industries Ltd., Plazit Polygal, Guangdong Amuse Plastic Products Co., Limited, MG Polyplast Industries Pvt. Ltd, SABIC, and Gallina among others are some of the prominent players at the forefront of competition in the global polycarbonate glazing market and are profiled in MRFR Analysis.
According to the analysis of MRFR, the major market forces and trends driving growth of the global polycarbonate glazing market includes growth of construction sector, increasing automotive production, and favorable government regulations. Rapid urbanization, escalating public and private investment, and rising disposable income of the people in emerging economies is anticipated to boost demand for the product 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.
Top 10 Key Players
Key players operating in the polycarbonate glazing market are Brett Martin Plastic Sheets, Palram Industries Ltd., Plazit Polygal, Guangdong Amuse Plastic Products Co., Limited, MG Polyplast Industries Pvt. Ltd, SABIC, Gallina among others.
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Moreover, shifting consumer preference towards green & sustainable construction is expected to fuel demand for the product in the coming years. Moreover, rising demand for lightweight automobiles coupled with adoption of strict emission reduction norms are predictable drivers of the market. 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.
Industry/ Innovation/ Related News:
August 2, 2017- Plazit polygala has recently introduced new product line called TOPGAL Multi Wall Panel System, earlier this month. The product specified of 11 layer 32 mm thickness which is particularly applicable in cold climate. Topgal panels and components combine to offer more rigidity, thermal insulation, strength and solar heat control than our standard sheets and profiles.
March 9, 2017- Palram Industries Ltd. has recently announced launch selective light transmission roofing panels for greenhouse, gardening centers and retail outlets. The product is called "SolarSmart". The newly introduced panels are beneficial in the seasonal changes in weather. In temperate regions, panels facilitating maximum light transmission for plants and good thermal insulation are used to minimize the need for artificial heating.
May, 2016- SABIC launched clear and lightweight sheets at exhibition held in Hamburg for aircraft interior industry, in order to help aviation customers to reduce weight and cost, enhance safety and sustainability, and optimize flying experience. This development is set to propel demand of the product form aerospace industry which is driven by increasing civil aviation sector across the world.
Geographically, the polycarbonate glazing market is segmented into five regions viz. North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Asia Pacific emerged as the leading polycarbonate market in 2016, driven by the growth of construction and automotive industry. Asia Pacific region accounted for around 44% of the overall volume share in 2016 and is expected to witness the fastest CAGR over the forecast period. The demand for polycarbonate glazing is expected to surge in developing countries such as China, India, Japan, and Vietnam due to growing building & construction and automotive sector. Additionally, the Middle East & Africa is expected to witness an average growth rate, growing with an average CAGR from 2017 to 2023.
Developed regions such as Europe and North America are also predicted to witness a significant growth owing to strict regulatory framework along with high technology adoption rate. Moreover, the volume of vehicles produced in these two regions are tremendous and will further benefit the overall polycarbonate glazing market in the upcoming years.
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The polycarbonate glazing market is fragmented on the basis of application, end use, and region. Based on application, global polycarbonate glazing market is divided into architectural glazing, sidelights, roofing & skylights, windscreens, illuminated signage & displays, and others. Among these, architectural glazing dominated the market with a major value share in 2016. Based on end use, the market is segmented into industrial construction, commercial construction, institutional construction, horticulture & agriculture, automotive, and others. On the basis of regions, this market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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