$1.5 Billion Global Polycarbonate Films Market 2017-2022 - High Demand from the Electrical & Electronics Industry is Driving the Market - Research and Markets

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The "Polycarbonate Films Market by Type (Optical, Flame Retardant, and Weatherable), End-Use Industry (Electrical & Electronics, Transportation, and Medical Packaging), and Region (APAC, NA, EU, SA and MEA) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The global polycarbonate films market is estimated to be USD 1.10 Billion in 2017 and is projected to reach USD 1.52 Billion by 2022, at a CAGR of 6.6%.

The high demand for polycarbonate films from the electrical & electronics industry, especially in APAC, and the continuous expansions and new product developments undertaken by the major companies are the key factors driving the global polycarbonate films market.

APAC is the global forerunner in the polycarbonate films market, in terms of value and volume, and this trend is expected to continue till 2022. Countries in this region such as China, India, Japan, South Korea, Taiwan, Thailand, and Malaysia are witnessing significant increase in the use of polycarbonate films in industries such as electrical & electronics and transportation. The growth of the APAC polycarbonate films market is also attributed to the increasing urbanization and the growing population which is increasing the need for consumer electronics and automotive in the region. This, in turn, is boosting the consumption of polycarbonate films in the consumer electronics and automotive applications in this region. China is the fastest-growing market and this trend is estimated to continue till 2022.

Though the polycarbonate films market is expected to witness rapid growth globally, the major restraint for this market is the setting up of a polycarbonate resins plant. Hence, the availability of polycarbonate resin is uncertain in every region. Therefore, various polycarbonate films manufacturers have shut their plants or reduced the production capacities.

SABIC (Saudi Arabia), Covestro (Germany), Teijin Limited (Japan), 3M Company (US), Suzhou Omay Optical Materials (China), and Mitsubishi Gas Chemical Company, Inc. (Japan) are the leading players in the polycarbonate films market. These companies have adopted various organic and inorganic growth strategies, such as expansions, joint venture, and new product launches, to enhance their shares in the polycarbonate films market.

Market Dynamics

Drivers

  • Increasing Use of Polycarbonate Films in Various Industries
  • Growing Demand for Recyclable Plastics

Restraints

  • Difficulty of Setting Up Polycarbonate Resin Plant

Opportunities

  • Electrification in the Automotive Industry

Challenges

  • Shortage of Raw Materials

Companies Mentioned

  • 3M Company
  • Covestro
  • Dr. Dietrich Mller GmbH
  • Excelite
  • Macdermid Autotype
  • MGC Filsheet
  • Mitsubishi Gas Chemical Company
  • RoWland Technologies
  • SABIC
  • Sichuan Longhua Film
  • Suzhou Omay Optical Materials
  • Teijin Limited
  • Wiman Corporation

For more information about this report visit https://www.researchandmarkets.com/research/64gq7l/1_5_billion?w=4

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Business Wire: 14:56 GMT Friday 12th January 2018

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