Polycarbonate Films Market Growth Forecast up to 2024 By Product Optical, Flame Retardant, Weatherable

Polycarbonate Films Market size is set to surpass USD 2.4 billion by 2024. 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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Owing to the strong, tough and lightweight characteristics of polycarbonates (PC), the polycarbonate films market has garnered tremendous popularity lately, driven by the product’s application in numerous industrial sectors. Being highly elastic and resistant to chemicals, PC films are considered apt for automotive and electrical components, even preferred in the assembly of medical devices. Furthermore, heat, moisture and flame resistance makes them ideal for construction purposes and in agricultural equipment, where they face challenging weather conditions.

The global polycarbonate films industry has gained traction from the rapid urbanization taking place in developing economies, where changing income trends have had a positive impact on the demand for appliances and automobiles. With increasing number of gadgets and electrical accessories being made that require components made from optical PC films, the global polycarbonate films market registered a valuation of over USD 1.4 billion in 2017.

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Apparently, a typical passenger car emits nearly 4.6 metric tons of CO2 every year and estimates show that in 2016, approx. 1.9 billion tons of CO2 were emitted in the U.S. from the overall transportation sector. Consequently, the optical grade polycarbonate films market has advanced from the extensive adoption in auto components due to the lightweight and high-performance properties of PC, besides adding to the aesthetic value.

Reduction in the weight of a vehicle invariably results into improved fuel efficiency and external parts made from PC also allow for better aerodynamics. Add to it, the stringent government regulations forcing automakers to find ways for reducing vehicle emissions has encouraged them to substitute heavier materials, reinforcing the polycarbonate films market.

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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.

Macdermid, Excelite, Wiman and GOEX are key industrial participants in polycarbonate films market. Strong R&D spending to cut down manufacturing cost and to fulfill various environmental regulations may enhance the product portfolio thereby stimulating the industry growth.

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