New York, Aug. 05, 2019 (GLOBE NEWSWIRE) -- Increasing demand for Polycarbonate Films in engineering plastic segment coupled with high investment in R&D of Polycarbonate Films is fueling the market growth.
The Global Polycarbonate Films Market is forecast to reach USD 2.11 Billion by 2026, according to a new report by Reports and Data. The Polycarbonate Films market is rising rapidly in the global market due to high demand in transparent impact-resistant materials in the worldwide market and the proliferation of the recyclable plastics globally. The polycarbonate films are used in a variety of applications in order to add to the protection and high impact on the end-use applications.
Electronic Gadgets has the most adoption rate of the polycarbonate films because of its flexibility, high strength, thermal insulation, transparency, and natural UV filter, which no other materials can offer. Electronic gadgets are increasing its pace with the fastest growth rate of 7.1% throughout the forecast period and had the highest market share of 21.3% in the year 2018.
The Asia Pacific region for Polycarbonate Films market is forecasted to generate a revenue of USD 0.93 Billion in the year 2026, owing to its extensive market penetration towards polycarbonate films coupled with its massive development in the manufacturing industries mostly in China, Japan, and India.
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Further key findings from the report suggest
- Optometry segment had a market share of 13.9% in the year 2018 and growing at a rate of 4.3% by 2026. Polycarbonate films are used as the protective layer in the eyeglasses, which deflects the UV rays and keeps the eye cool. The high-end sunglasses are made of polycarbonate films with the tinted and mirrored type of polycarbonate films which can reflect the UV rays even close to 99 percent and also unbreakable up to a certain extent. Also, the bodies of the glasses can be of polycarbonate films to add to more durability.
- Tinted polycarbonate films are used to provide anti-reflection coating in different applications. The tinted coat also makes it near to invisible from the other side of the user if used in sunglasses or car windows. Tinted polycarbonate will have a revenue of USD 0.28 Billion in 2026.
- Bulletproof polycarbonate films segment is growing with a CAGR of 4.7% by 2026. Polycarbonate films are high impact resistant, which is even capable of resisting violent blows. The bulletproof polycarbonate films are used in banks, museums, jewelers, and bulletproof cars, among others.
- Fire Retardant polycarbonate films coating helps flame inhibition, which can restrict fire flames up to a specific limit. This type of polycarbonate films are used in welding eyeglasses. This segment is forecasted to gain a market share of 4.2% in 2026.
- Engineering Plastic polycarbonate films have better mechanical and chemical properties compared to commodity plastics. These type of polycarbonate films are used in smaller objects and very low-volume applications.
- North America is accounted to gain 27.5% of market possession by 2026 with a CAGR of 6.0% in the forecast period.
- Europe is forecasted to witness significant growth in the overall market, with 17.3% of market possession by 2026 and CAGR of 5.0% during the forecast period.
- Key participants include Teijin Limited, 3M Company, Suzhou Omay Optical Materials, Macdermid Autotype, Excelite, Wiman Corporation, Sichuan Longhua Film, Covestro AG, DuPont, Evonik Industries AG.
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global Polycarbonate Films Market on the basis of end users, type of polycarbonate, type of plastic, and region:
End Users Channel Outlook (Revenue, USD Billion; 2016-2026)
- Construction Industries
- Electrical Components
- Electronic Gadgets
- Transportation & Automotive Sectors
- Packaging Industries
- Optometry
- Medical Instruments
- Others
Type of Polycarbonate Outlook (Revenue, USD Billion; 2016-2026)
- Transparent
- Tinted
- Mirrored
- Bulletproof
- Abrasion-Resistant
- Fire Retardant
- Food Graded
- Multiwall
- Others
Type of Plastic Outlook (Revenue, USD Billion; 2016-2026)
- Commodity Plastic
- Engineering Plastic
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Regional Outlook (Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East and Africa
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