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Polycarbonate Films - Global Market Trajectory & Analytics

  • ID: 4805731
  • Report
  • February 2022
  • Region: Global
  • 357 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3A Composites GmbH
  • Chi Mei Corporation
  • Excelite
  • LG Chem
  • MGC Filsheet co. Ltd
  • Plazit Polygal

Global Polycarbonate Films Market to Reach $1.5 Billion by 2026


Polycarbonate film is a transparent, general purpose film from the thermoplastic polymer family. It has gained popularity in various industries for its high strength, light weight, and highly durable. The flame-and chemical-resistant nature of these films is augmenting their demand in various other applications. Growth in the market is mainly being driven by growing adoption of polycarbonate films in the electrical and electronics industry, particularly in Asia-Pacific, and product innovations. In the electronics and electrical industry, the films are mainly used for applications such as membrane switches, control panel overlays, PCBs, and LCDs. Therefore, growth of the electrical and electronics market is anticipated to fuel polycarbonate films demand. The growing requirement to produce fuel-efficient cars is augmenting demand for these films, as they are lightweight, flexible, and have good resistance to various elements. Therefore, PC films are emerging to be alternatives to steel, metal, and other traditional polymer films that have generally been used in the production of automotive components.

Amid the COVID-19 crisis, the global market for Polycarbonate Films estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2026, growing at a CAGR of 5.3% over the analysis period. Optical, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$792.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flame Retardant segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 20% share of the global Polycarbonate Films market. Optical polycarbonate films, which is the most popular type of PC films, is in high demand, on account of their rising application in the electrical and electronics sector. They are widely used in this industry, as they are optically clear as well as have excellent light transmission, low haze, and high impact resistance attributes. Flame retardant PC films are anticipated to register strong growth due to their extensive use in PCBs, labels and overlays, dielectric insulations, and in welding glasses. This is on account of the various benefits provided by the products such as suitability for use with adhesives, light weight, thermal and electrical insulation, and high impact strength.



The U.S. Market is Estimated at $118.8 Million in 2021, While China is Forecast to Reach $644.3 Million by 2026


The Polycarbonate Films market in the U.S. is estimated at US$118.8 Million in the year 2021. The country currently accounts for a 10.75% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$644.3 Million in the year 2026 trailing a CAGR of 6.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$684 Million by the end of the analysis period. Asia Pacific represents a key market, due to the growing consumer electronics and electrical sector in countries such as India, Singapore, Malaysia, Thailand, Indonesia, and China. Also, the rising adoption in the automotive industry and growing manufacturing of polyester products are expected spur demand in the market. The rising population, urbanization, and increasing disposable income levels which are fueling demand for consumer electronics and automobiles in the region. North America is another key market, supported in part by the presence of three large auto companies (Fiat Chrysler, Ford, and General Motors), which have spurred demand for these films. Also, the growing medical and electronics industries are driving gains in the market. Growth in the European market is encouraged by the developed electronics and automobile sectors. The strict regulations of the EU related to the decline of GHG emissions are also anticipated to boost market growth, due to the PC films` environmental friendliness.

Weatherable Segment to Reach $239.5 Million by 2026


Weatherable polycarbonate films are expected to gain from the rising adoption of outdoor menu boards, warning labels, and signages, among others. These films offer varied advantages, such as chemical and abrasion resistance, printability, and durability, in comparison to other products. In the global Weatherable segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$137.5 Million in the year 2020 will reach a projected size of US$186.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$40.8 Million by the year 2026, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 50 Featured) -

  • 3A Composites GmbH
  • 3M Company
  • Chi Mei Corporation
  • Covestro
  • Excelite
  • Gallina India
  • LG Chem
  • MacDermid Autotype Ltd
  • Mitsubishi Gas Chemical Company, Inc
  • MGC Filsheet co. Ltd
  • Palram Industries Ltd
  • Plazit Polygal
  • Rowland Technologies, Inc
  • SABIC
  • Safplast Company
  • Suzhou Omay Optical Materials co., Ltd.
  • Teijin Limited
  • United States Plastic Corporation
  • Wiman Corporation
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Polycarbonate Films

What is the estimated value of the Global Market for Polycarbonate Films?

The Global Market for Polycarbonate Films was estimated to be valued at $1.1 Billion in 2020.

What is the growth rate of the Global Market for Polycarbonate Films?

The growth rate of the Global Market for Polycarbonate Films is 5.3%, with an estimated value of $1.5 Billion by 2026.

What is the forecasted size of the Global Market for Polycarbonate Films?

The Global Market for Polycarbonate Films is estimated to be worth $1.5 Billion by 2026.

Who are the key companies in the Global Market for Polycarbonate Films?

Key companies in the Global Market for Polycarbonate Films include 3A Composites GmbH, 3M Company, Chi Mei Corporation, Covestro, Excelite, Gallina India, LG Chem, MacDermid Autotype Ltd and MGC Filsheet co. Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3A Composites GmbH
  • Chi Mei Corporation
  • Excelite
  • LG Chem
  • MGC Filsheet co. Ltd
  • Plazit Polygal

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Versatile Properties Expand Scope of Polycarbonate Films in Various End-Use Industries
  • A Severely Battered Global Economy Struggles to Revive
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • COVID-19 Triggers Unprecedented Disruptions in the Supply Chain & Accelerates the Urgency to Rethink Supply Chain Management
  • Global Losses in Supply Chain as a % of Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA) in the Year 2020
  • Global Polycarbonate Films Market Set to Recover Post COVID-19
  • Polycarbonate Films by Type
  • Optical Polycarbonate Films Lead the Market by Product Type
  • Weatherable Films to Gain Momentum
  • Electrical and Electronics Dominate the Global Polycarbonate Films Market
  • Asia-Pacific Occupies Major Share of the Market
  • Developed Regions Propel Market Growth
  • Competitive Landscape
  • Polycarbonate Films - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

  • Recent Market Activity

3. MARKET TRENDS & DRIVERS

  • Electrical & Electronics: The Largest Market for Polycarbonate Films
  • Soaring Demand for Advanced Consumer Electronics Accelerates Market Growth
  • Growing Number of Consumer Electronics Users Bodes Well for Future Market Prospects
  • Development of Smart Electronics Bodes Well for the Polycarbonate Films Market
  • Smartphones & Tablet PCs Boost Prospects
  • Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • COVID-19 Derails the Construction Industry & Disrupts Demand for Polycarbonate Films
  • Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Automotive Industry: Another Major Market for Polycarbonate Films
  • Auto Sales Come Down Crashing As Unemployment Spikes to Historic Highs
  • Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • World Automobile Production in Million Units: 2008-2022
  • Focus on Light-weighting Bodes Well for the Growth of Polycarbonate Films
  • Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026
  • Polycarbonate Films Hold Tremendous Potential for Use in Aerospace Sector
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Continued Relevance of Outdoor Signages and Display Windows Positively Influences Market Prospects for Polycarbonate Films
  • Emerging Applications in the Medical Sector
  • Global Medical Packaging Market (In US$ Billion) for the Years 2018, 2020, 2022 & 2025
  • Select Launches in the Polycarbonate Films Market
  • Covestro’s Makrofol® EC, Bio-Polycarbonate Plastic Film
  • Lexan Anti-Fog Film from SABIC, a Novel Polycarbonate Film Considered Ideal for PPE for Front Line Workers Handling the COVID-19 Pandemic
  • SABIC’s LEXAN™ CXT Film for Printed Electronic Substrates (2018)
  • ORAFOL’s New RowTec Polycarbonate Film (2020)

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Polycarbonate Films Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 50
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3A Composites GmbH
  • 3M Company
  • Chi Mei Corporation
  • Covestro
  • Excelite
  • Gallina India
  • LG Chem
  • MacDermid Autotype Ltd
  • Mitsubishi Gas Chemical Company, Inc
  • MGC Filsheet co. Ltd
  • Palram Industries Ltd
  • Plazit Polygal
  • Rowland Technologies, Inc
  • SABIC
  • Safplast Company
  • Suzhou Omay Optical Materials co., Ltd.
  • Teijin Limited
  • United States Plastic Corporation
  • Wiman Corporation
Note: Product cover images may vary from those shown