Global Polycarbonate Glazing Market- by Application (architectural glazing, sidelights, roofing & skylights, windscreens, illuminated signage & displays, and others), by End-Use (industrial construction, commercial construction, institutional construction, horticulture & agriculture, automotive, and others), and by Region – Forecast till 2023
Polycarbonate is a group of thermoplastic polymers which contain polymer groups, on the other hand, glazing is a term related to window installation. Polycarbonates sheets are used in the glazing process, thus it is called as polycarbonate glazing. Polycarbonate glazing are heat-blocking sheets that reduce heat buildup as well as condensation control in skylights and architectural glazing for the treatment of greenhouses and garden centers. Sheets made of polycarbonate material are flexible in nature and possess greater benefits than glass such as 85% light penetration along with relatively lower heat absorption. Sheets used for glazing are of different shapes and sizes, although flat and multilayered are the key type of sheets majorly preferred in the industrial applications.
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According to Market Research Future Analysis, global polycarbonate glazing market forecasted to witness progressive growth in the coming years and reach USD 6,629.4 million by 2023 with 8.43% CAGR during the forecast period. Construction industry played an essential role in the global growth. Increasing constructional activities, residential as well as non-residential projects coupled with favorable regulations for construction projects across the globe considered as key growth drivers. Moreover, the automotive industry is an important consumer of polycarbonate sheets for glazing purpose and has surged global demand. Specifically, China and Germany are the key markets where automotive production was on the rise and have emerged as major markets for automotive growth. Factors such as rising per capita income and growing urban population coupled with escalating investments in emerging economies likely to encourage demand for polycarbonate glazing during the review period. In addition to this, the global market has witnessing consumer shifting trend towards green and sustainable construction and this trend expected to continue over the forecast period and provide several growth prospects. Although driven by these factors, global market growth is inhibited by the high cost of polycarbonate glazing material and regulation pertaining to the limited use of polycarbonate in automotive windscreens. Nevertheless, the trend for lightweight vehicles in the automotive industry expected to provide growth opportunities in the years to come.
Polycarbonate Glazing Market Share, by application 2016 (%)
Image courtesy architectsjournal.co.uk