Industry/ Innovation/ Related News:
August 2, 2017- Plazit polygala has recently introduced new product line called TOPGAL Multi Wall Panel System, earlier this month. The product specified of 11 layer 32 mm thickness which is particularly applicable in cold climate. Topgal panels and components combine to offer more rigidity, thermal insulation, strength and solar heat control than our standard sheets and profiles.
March 9, 2017- Palram Industries Ltd. has recently announced launch selective light transmission roofing panels for greenhouse, gardening centers and retail outlets. The product is called “SolarSmart”. The newly introduced panels are beneficial in the seasonal changes in weather. In temperate regions, panels facilitating maximum light transmission for plants and good thermal insulation are used to minimize the need for artificial heating.
May, 2016- SABIC launched clear and lightweight sheets at exhibition held in Hamburg for aircraft interior industry, in order to help aviation customers to reduce weight and cost, enhance safety and sustainability, and optimize flying experience. This development is set to propel demand of the product form aerospace industry which is driven by increasing civil aviation sector across the world.
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Global Polycarbonate Glazing Market is projected to reach USD 6,629.4 million by 2023, expanding at a CAGR of 8.43%. Asia Pacific has accounted for largest share due to significant growth of end-use industries such as construction and automotive. Asia Pacific is estimated to retain its dominance in the Global Polycarbonate Glazing Market due to continuously evolving building & construction standards combined with the complicated geometries involved with automotive manufacturing. On the basis of application, architectural glazing application hold the largest market share and was valued at USD 1,080.4 million in 2016 and expected to grow significantly with a CAGR of 8.66%, followed by roofing & skylights and sidelights application respectively. Asia Pacific being the major Polycarbonate Glazing Market projected to be the area of investment for the major players operating in this business.
Synopsis of 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. This material permits around 85% penetration of light, heats up less than glass and withstands mechanical blows. This material is flexible in nature which make it suitable for utilization in the manufacturing of curved surfaces. These sheets are of different size and shapes, ranging from typical flat sheets to multiple layers and some more specialized panels including standing steam or tongue and groove design. Polycarbonate Glaze possess cellular polycarbonate arrangement that cause a lightweight sheet with high impact durability and high class thermal insulation. Polycarbonate is also available in solid form ranging from 3mm to 12mm. This product seems to be virtually indestructible and provides endless opportunities for usage in those areas where security and safety issues are paramount.
As per analysis, some of the market factors and trends identified in the Global Polycarbonate Glazing Market includes growth of construction sector, increasing automotive production, and favorable government regulations. Furthermore, growing urban population, escalating investments, and rising per capita disposable income in emerging economies is anticipated to give new impetus to the Polycarbonate Glazing demand over the forecast period. The benefits of these sheets percolated across commercial, industrial, and institutional sectors finding wide application scope in overhead glazing and greenhouse glazing which will further boost up the market growth. Moreover, shifting consumer preference towards green & sustainable construction is expected to benefit the polycarbonate glazing demand in the upcoming years. Additionally, rising demand for lightweight automobiles coupled with adoption of strict emission reduction norms are predictable drivers of the market. Moreover, significant increase in automotive production sales in developing and developed regions is expected to fuel the market growth. However, high cost associated with the Polycarbonate Glazing material along with the regulations prohibiting the usage of polycarbonate in automotive windscreens is predicted to hinder market growth over the forecast period. According to MRFR analysis, cumulatively the Global Polycarbonate Market was valued at USD 3,789.0 million in 2016 and is expected to reach USD 6,629.4 million by 2023 with 8.43% CAGR during the review period.
Geographically, the Polycarbonate Glazing Market is segmented into five regions viz. North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Asia Pacific emerged as the leading Polycarbonate Market in 2016, driven by the growth of construction and automotive industry. Asia Pacific region accounted for around 44% of the overall volume share in 2016 and is expected to witness the fastest CAGR over the forecast period. The demand for Polycarbonate Glazing is expected to surge in developing countries such as China, India, Japan, and Vietnam due to growing building & construction and automotive sector. Additionally, the Middle East & Africa is expected to witness an average growth rate, growing with an average CAGR from 2017 to 2023.
Developed regions such as Europe and North America are also predicted to witness a significant growth owing to strict regulatory framework along with high technology adoption rate. Moreover, the volume of vehicles produced in these two regions are tremendous and will further benefit the overall Polycarbonate Glazing Market in the upcoming years.
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