Pune, India -- (SBWire) -- 03/13/2018 --Polycarbonate Films are widely used in electronics owing to its enhanced durability, heat resisting properties and enhanced impact strength among others. Polycarbonate films are extensively used in the manufacturing of labels and nameplates, boards, membrane switches, control panels and as a packaging material for medical devices.
The Global Polycarbonate Films Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to be the largest and fastest growing market, owing to the increasing consumption of polycarbonate films in the automobile and electronic industry among others. Moreover, the developing retail sector in the region coupled with the increasing smart phone penetration has augmented the sales of electronics and consumer goods which in turn is positively affecting the market growth. It is estimated that the optical Polycarbonate Films product segment is set to observe the highest CAGR in the market due to growing application in the automobile and electronics. Moreover, increasing government regulations regarding the use of environment friendly materials is likely to generate a rapid growth during the forecast period.
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The North American market is expected to grow at a steady CAGR due to high adoption of Polycarbonate Films in the U.S., and Canada. The presence of the developed end user industries such as automotive and electronics are major factors contributing to the market growth. Moreover, the increasing health consciousness among the population has further augmented the demand for medical devices which in turn is expected to fuel the market growth.
The European market is expected to show significant growth during the forecast period. The stringent government regulation for green-house emissions has fuelled the use of polycarbonate films owing to its low VOC emissions in consumer goods, electronics, and automobile among others. The developed automobile industry has increased the use of polycarbonate films in the interiors, headlamps, clusters, instrument panels, glove compartment flaps, and others.
Segmentation
The Global Polycarbonate Films Market is segmented into product type, and end-user. On the basis of the product type, the market is segregated into optical, flame, retardant, weatherable, and others. The market by the end-use industry is bifurcated into electrical and electronics, transportation, and medical packaging.
Key Players
Some of the prominent players operating in the Global Polycarbonate Films Market are SABIC (Saudi Arabia), Covestro (Germany), Teijin Limited (Japan), 3M Company (U.S.), Suzhou Omay Optical Materials co., Ltd. (China), and Mitsubishi Gas Chemical Company, Inc (Japan), Excelite (China) MGC Filsheet co. Ltd (Japan) among others and Rowland Technologies (U.S.).
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Polycarbonate Films Market : Product Types & Application, Top Manufacturer, Regional Analysis & Forecasts to 2023
Global polycarbonate films market research report: by product type (optical, Flame, Retardant and Weatherable), by end-user industry (electrical and electronics, transportation, and medical packaging) – Forecast till 2023