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In the thermoplastic polymer family, polycarbonate is a transparent, general-purpose film that is both transparent and durable. It has gained widespread acceptance in a variety of industries due to its high strength, light weight, and long service life. Because of their flame- and chemical-resistance, these films are becoming increasingly popular in a variety of other applications. The increasing adoption of films polycarbonate in the electrical and electronics industry, particularly in Asia-Pacific, as well as product innovations, are the primary drivers of market growth. The films are primarily used in the electronics and electrical industries for applications such as membrane switches, control panel overlays, printed circuit boards, and liquid crystal displays (LCDs). As a result, it is expected that the growth of the electrical and electronic markets will fuel the demand for film polycarbonate. Demand for these films is increasing due to the increasing need to manufacture fuel-efficient automobiles. These films are lightweight, flexible, and have excellent resistance to a variety of environmental elements. So PC films are beginning to emerge as viable alternatives to steel, metal, and other traditional polymer films that have traditionally been used in the manufacture of automotive components.
In the midst of the COVID-19 crisis, the global market for films polycarbonate, which was estimated to be worth US$1.1 billion in the year 2020, is expected to grow to US$1.5 billion by 2026, at a compound annual growth rate (CAGR) of 5.3% over the analysis period. Optics, one of the segments examined in the report, is expected to grow at a compound annual growth rate (CAGR) of 6.1% to reach US$792.1 Million by the end of the analysis period. Following a thorough examination of the business implications of the pandemic and the resulting economic crisis, growth in the Flame Retardant segment is revised to a revised 5% compound annual growth rate (CAGR) for the next seven years. This segment currently holds a 20% share of the global films polycarbonate market, according to industry estimates. Ophthalmic films polycarbonate, which are the most common type of PC film and are in high demand as a result of their increasing use in the electrical and electronics industries, are particularly in demand. Their optical clarity, low haze, and high impact resistance make them a popular choice in this industry. They are also cost-effective and easy to work with. Flame retardant PC films are expected to see significant growth in the coming years, owing to their widespread use in PCBs, labels and overlays, dielectric insulations, and welding glasses, among other applications. This is due to the numerous advantages provided by the products, such as their suitability for use with adhesives, their light weight, their thermal and electrical insulation, and their high impact strength, among other things.
The market in the United States is expected to reach $118.8 million in 2021, while the market in China is expected to reach $644.3 million by 2026.
The film polycarbonate market in the United States is expected to reach US$118.8 million by 2021, according to industry estimates. The country currently has a market share of 10.75% of the global market. China, the world's second largest economy, is expected to reach an estimated market size of US$644.3 Million in the year 2026, growing at a compound annual growth rate (CAGR) of 6.3% over the course of the analysis period. Japan and Canada are two other noteworthy geographic markets, with forecasted growth rates of 3.7% and 4.7%, respectively, over the course of the analysis period, respectively. Germany is expected to grow at a compound annual growth rate (CAGR) of approximately 3.7%, while the rest of the European market (as defined in the study) will reach US$684 million by the end of the analysis period. Due to the growing consumer electronics and electrical sectors in countries such as India, Singapore, Malaysia, Thailand, Indonesia, and China, the Asia Pacific region is a critical market for many companies.
By 2026, the weatherable segment is expected to generate $239.5 million.
Weatherable , among other things, are expected to benefit from the increasing use of outdoor menu boards, warning labels, and signage. When compared to other products, these films have a number of advantages, including chemical and abrasion resistance, printability, and durability. The United States, Canada, Japan, China, and Europe will be the primary drivers of the 4.5% compound annual growth rate (CAGR) predicted for the global Weatherable segment. After accounting for a combined market size of US$137.5 Million in the year 2020, these regional markets are expected to reach a projected size of US$186.8 Million by the end of the analysis period. China will continue to be one of the fastest growing markets in this group of regional markets. The market in Asia-Pacific, led by countries such as Australia, India, and South Korea, is expected to reach US$40.8 Million by the year 2026, while the market in Latin America will grow at a compound annual growth rate (CAGR) of 4.5% during the study period.
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