Polycarbonate Glazing Market growth at a CAGR of 7.50% during 2023 - 2032

Pune, India, August, 2017 /MRFR Press Release/- Market Research Future has a cooked research report on the global Polycarbonate glazing market. 

Based on geography, the global polycarbonate glazing market is divided into five regions namely— North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among the aforementioned regions, Asia Pacific market accounted for over 44% market share in terms of volume in 2016.

Asia Pacific polycarbonate glazing market is divided into China, Japan, India, and Rest of Asia Pacific. Comparatively, China dominated the market for polycarbonate glazing over other countries in the region accounting for nearly 45% in terms of value in the Asia Pacific market. India was estimated to be the second largest market in 2016, valued at USD 486.1 million. Some of the significant factors attributed to the growth are growing public-private construction projects, expansion of industrial sector, and huge investment in education and medical buildings in emerging economies. In China, numerous government driven projects such as railroad networks and airports have been allocated a huge amount of funds in 10 and 15 years cycle. In India, government’s initiatives such as “housing for all by 2022” and “Smart cities” are expected to fuel infrastructure development in India. Rapidly expanding private sector coupled with rising consolidation and strategic alliances are predicted to contribute in Indonesia and Vietnam construction industry. In Japan, positive development in regional economic conditions and investment in public transport infrastructure is expected to propel demand for polycarbonate glazing. Significant increase in automotive production and sales in countries such as Japan, India, and China is expected to propel market growth.

Developing regions such as North America and Europe will also witness tremendous growth due to stringent regulatory framework along with high technology adoption rate. Additionally, the volume of vehicles produced in these two regions are tremendous and will benefit the polycarbonate glazing market in the upcoming regions. North America holds the second largest position followed by Europe. North America polycarbonate glazing market is divided into U.S and Canada. U.S dominated the market with a share of 76.6% in 2016, with a market value of USD 551.5 million and is predicted to grow at the highest CAGR of 8.18% during the forecast period. Canada is estimated to be the second largest market in 2016, and expected to witness a steady growth. Growth of market in North America is driven by the strong demand from automotive and commercial construction sector. Europe is mainly divided into Germany, UK, France, Spain, and Italy among others. Implementation of new technologies and strict government regulations imposed by government bodies such as American Architectural Manufacturers Association (AAMA) associated with the building & architectural specifications, is expected to drive market growth. In Europe, Germany dominated with the largest market share of 38.5% in 2016, followed by Spain and France. Spain was the second largest market in 2016, valued at USD 156 million in 2016, and is projected to grow at a CAGR of 7.39%. Rising consumption of architectural glazing along with strong demand for roofing & skylights in commercial as well as institutional construction sector are the major factors driving the market growth. Furthermore, numerous newly constructed stadiums for national and global events, such as Olympics and the FIFA football world cup, featuring polycarbonate roofing and wall cladding is expected to drive market growth. Among all the markets, the Middle East & Africa is estimated to represent highest opportunity owing to the fastest growing construction and infrastructure sector specifically in Qatar, Saudi Arabia, and the United Arab Emirates (UAE). Latin America is expected to witness moderate growth owing to the rising usage of architectural glazing and skylights in construction sector.

The major players profiled in the global polycarbonate glazing market includes: Brett Martin Plastic Sheets, Palram Industries Ltd., Plazit Polygal, Guangdong amuse plastic products co., limited, MG Polyplast Industries Pvt. Ltd, SABIC, Gallina among others.

Global polycarbonate glazing market, By Region, 2016 (%) (USD Million)

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Report Details @ polycarbonate glazing market