(MENAFN- EIN Presswire) EINPresswire/ -- Surging demand from key end-use industries continues to drive growth in the global polycarbonate sheets market. The electrical & electronics segment dominated the market in 2021, while Asia-Pacific is projected to remain the most lucrative region through 2031.

According to Allied Market Research, the global polycarbonate sheets market was valued at $1.5 billion in 2021 and is projected to reach $2.6 billion by 2031, registering a CAGR of 5.7% from 2022 to 2031. The report covers major investment pockets, market drivers, opportunities, competitive landscape, and emerging trends.

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While increasing consumption across industries supports market expansion, environmental concerns associated with polycarbonate sheets act as a restraint. Nonetheless, rising demand from developed economies is expected to create new growth avenues.

Segment Insights

By Type:

- The multiwall segment accounted for nearly two-fifths of global revenue in 2021 and is expected to maintain its lead. The solid segment is projected to grow at the fastest CAGR of 6.0% during the forecast period.

By End-use Industry:

- Electrical & electronics held over one-third of the market share in 2021 and will continue leading through 2031. The aerospace & defense segment is expected to record the highest CAGR of 6.5%.

By Region:

- Asia-Pacific captured more than three-fifths of the global market in 2021 and is anticipated to grow at the fastest CAGR of 6.4% through 2031. Other regions analyzed include North America, Europe, and LAMEA.

Key Market Players

Major companies operating in the market include Covestro AG, Palram Industries Ltd., Exolon Group, Uvplastic Material Technology Co., Ltd., Jiaxing Innovo Industries Co., Ltd., Polyvalley Technology Co., Ltd., Tuflite, Emco Industrial Plastics, Spolytech, and MG Polyplast Industries Pvt. Ltd. These players adopt strategies such as partnerships, expansions, and joint ventures to strengthen their market position.

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About Us:

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.

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