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Polycarbonate Sheets market Insights
WILMINGTON, DE, UNITED STATES, September 26, 2024 /EINPresswire / -- The global polycarbonate sheets market was valued at $1.5 billion in 2021 and is projected to reach $2.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2031, according to a report by Allied Market Research. This report provides comprehensive insights into key
investment opportunities, winning strategies, market dynamics, competitive landscape, and emerging trends.
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Market Drivers and Opportunities:
The increasing demand from various end-use industries is a major factor driving the growth of the polycarbonate sheets market. However, the environmental concerns associated with polycarbonate materials present challenges to market expansion. Nonetheless, the rising demand in developed countries is expected to open up new growth avenues for the industry.
Market Segmentation
- By Type: In 2021, the multiwall segment accounted for nearly 40% of the market's revenue and is expected to maintain its dominance through 2031. The solid segment, however, is forecast to grow at the fastest CAGR of 6.0% during the same period.
- By End-Use Industry: The electrical & electronics sector contributed over one-third of the market share in 2021 and is projected to remain a leading segment. The aerospace and defense sector, on the other hand, is expected to witness the fastest growth with a CAGR of 6.5%.
- By Region: Asia-Pacific held the largest market share in 2021, representing more than 60% of the global market. It is also forecasted to grow at the highest CAGR of 6.4% during the projection period. Other significant regions include North America, Europe, and LAMEA.
Key Market Players:
Major companies in the polycarbonate sheets market include Uvplastic Material Technology Co., Ltd., Covestro AG, Jiaxing Innovo Industries Co., Ltd., Polyvalley Technology Co., Ltd., Tuflite, Emco Industrial Plastics, Palram Industries Ltd, Exolon Group, Spolytech, and MG Polyplast Industries Pvt. Ltd. These firms are focusing on partnerships, expansions, collaborations, and joint ventures to strengthen their positions in the market.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.