Polycarbonate films are general purpose films which can be molded and thermoformed. Its heat resistance, stability, high impact strength, and ink adhesion properties are valuable in the manufacture of labels, control panels, membrane switches, and boards. The global polycarbonate films market report by Market Research Future (MRFR) contains the latest insights and predictions on future applications for the period of 2020 to 2027 (forecast period). The promulgation of the COVID-19 pandemic which halted the brakes in production and its impact has been analyzed in depth in the report.
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The global polycarbonate films market demand is driven by the manufacture of nameplates, membrane switches, boards, and packaging materials for medical devices. The production of smartphones, monitors, and television sets due to a surge in expendable income levels can fuel market growth. Polycarbonate films are used to provide heat and impact resistance to these products. Government policies encouraging the use of green products can work in favor of the market. Huge demand for plastic films to be used in the automotive sector for optimizing fuel in vehicles can be a big win for the industry.
But high production costs of polycarbonate films can hamper market growth.
The global polycarbonate films market is segmented by product type and end-user.
On the basis of product type, the market is segmented into weatherable, retardant, optical, flame, and others. The optical segment is expected to dominate the market due to high impact resistance and low haze for automotive interiors, appliances, and others.
By end use industry, it is segmented into medical packaging, electrical and electronics, and transportation. The transportation segment is expected to fuel the market growth due to massive opportunities in electric and hybrid vehicles.
The Polycarbonate Films Market Size considers the prospects across five major regions, mainly Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).
APAC held a major proportion of the global polycarbonate films market and is expected to be the fastest growing market. The large population and increasing personal disposable income levels in developing nations are major factors driving the growth of the polycarbonate films market. Moreover, the large electronics industry in countries of Japan, India and China and the penchant for latest consumer electronic devices can fuel the demand for polycarbonate films.
North America is another lucrative region for the polycarbonate films market. The presence of three big automobile companies has augmented the demand for polycarbonate films. Furthermore, the increasing adoption of these films coupled with expansive nature of end-use industries such as electronics and medical industry is boosting the market growth. The major countries accounted for the growth of the market are the U.S. and Canada.
Europe is expected to be lucrative due to the developed automobile and electronic industries. Stringent regulations by the European Union for restricting carbon emissions are also expected to add to the market growth owing to the eco friendly nature of polycarbonate films.
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Covestro, Teijin Limited, Suzhou Omay Optical Materials Co., Ltd., Excelite, Rowland Technologies, SABIC, MGC Filsheet co. Ltd, 3M Company, Mitsubishi Gas Chemical Company, Inc, and others are key players of the global polycarbonate films market. Development of new products can beckon the properties of durability and scratch-resistance and induce the need for polycarbonate films. In this regard, Covestro has launched Makrofol, a line of polycarbonate films, with success in consumer electronics.
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