Flame retardants polycarbonate films market demand from electrical & electronics applications may surpass consumption at 35 kilo tons by 2024.

Sellbyville, DE -- (SBWire) -- 11/15/2018 --Germany polycarbonate films market demand is anticipated to surpass USD 130 million by 2024. Rising automotive production and favorable regulations are the major attributes for the growth of PC films market. Increasing technological advancement and strong focus towards R&D spending for high quality films has led to induce more product innovations and replace heavy materials such as metals and glass, thus driving the industry demand.

Japan optical blend polycarbonate films market demand from household appliances may witness growth rate at around 8% from 2018-2024. They offer excellent resistance to abusive chemicals & cleaners, abrasion resistance, and pencil hardness which can be included in switch overlays & labels for household appliances. Standards set by government bodies along with developing new & innovative products and improving the current product portfolio in order to improve sustainability and reduce cost may favor polycarbonate films market growth in the country.

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Polycarbonate Films Market size is set to surpass USD 2.4 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing consumer demand for automotive sector to produce light weight cars and provide durability may drive polycarbonate films market demand. High strength, abrasion resistant and optical clarity characteristics may cater to electronics, construction and medical industries, thus propelling the industry growth during the forecast period.

Polycarbonate films are recyclable and possess improved mechanical, electrical and thermal properties which makes it suitable for the usage in different end-use industries. Lightweight and energy efficient cars demand have been increased in recent years which are suitable for automotive application by enhancing stability, providing insulation and creep modulus, thus increasing the industry demand.

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Polycarbonates are known to meet the requirements of different other consumer segments where properties like thermal stability, sturdiness, transparency and flame retardance are essential, for instance electric home appliances. The replacement of glass and metal in appliances with lightweight PC material has offered better safety and flexibility of design to producers of consumer durables, propagating the significance of the polycarbonate films market.

Apart from small appliances like food mixers and coffee machines, PC films are widely utilized in washing machines to give a light tint to transparent washer windows. PC forms a vital portion of led displays that show information and functions being performed along with some internal parts of an appliance. It is projected that by 2020, the worldwide consumption of household appliances could reach nearly USD 590 billion.

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Evidently, the critical role of PC films in manufacturing reliable and durable home appliances will generate a substantial valuation for the overall polycarbonate films industry. The efforts of industry players such as Covestro, SABIC, Wiman and Teijin will further augment the commercialization landscape of PC films industry, that will accumulate over USD 2.4 billion by 2024.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.