North America Polycarbonate Sheets Market to Grow at a CAGR of 4.9% to reach US$ 513.82 million from 2022 to 2030
The North America polycarbonate sheets market is expected to grow from US$ 350.71 million in 2022 to US$ 513.82 million by 2030; it is expected to register a CAGR of 4.9% from 2022 to 2030.
MARKET ANALYSIS
Polycarbonate sheets are clear, impact-resistant sheets made from thermoplastic polymers that incorporate carbonate groups in their chemical structure. The polymers consist of plastic material, and heat is utilized to alter their form. These sheets can be customized and shaped in a variety of ways, making them beneficial to many applications across building and construction and other industries. The versatility of these sheets makes them ideal for usage in application industries. It is lightweight and easy to handle, and when cooled, polycarbonate sheets produce a rigid plastic layer, which is further used in protecting electronics and other sensitive applications. Polycarbonate sheets can resist impacts and other hazards, protecting components from contamination and water damage.
GROWTH DRIVERS AND CHALLENGES
Consumer goods manufacturers are increasingly turning to polycarbonate sheets for their packaging needs. These sheets offer excellent impact resistance and are virtually unbreakable, which helps protect the product during transportation and on the store shelves. Consumer products, including eyewear lenses, mobile phone screens, outdoor furniture, and others, benefit from the unique properties of polycarbonate sheets. The sheet's ability to withstand shattering provides added safety for consumer products, making them a preferred choice for products where safety is a priority. As a result, the demand for these sheets is growing by consumer goods manufacturers.
However, polycarbonate sheets offer numerous advantages, including durability, transparency, and impact resistance, and alternative materials can fulfill similar roles. Acrylic, also known as PMMA (polymethyl methacrylate), is a significant substitute for polycarbonate sheets. Acrylic sheets are transparent, lightweight, and possess good impact resistance. In some applications, especially where UV resistance is not a primary concern, acrylic can be a viable alternative to polycarbonate. This competition between demand for polycarbonate and acrylic in certain sectors can limit the North America polycarbonate sheets market growth.
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North America Polycarbonate Sheets Market: Strategic Insights
Market Size Value in US$ 350.71 million in 2022 Market Size Value by US$ 513.82 million by 2030 Growth rate CAGR of 4.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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North America Polycarbonate Sheets Market: Strategic Insights
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Market Size Value in | US$ 350.71 million in 2022 |
Market Size Value by | US$ 513.82 million by 2030 |
Growth rate | CAGR of 4.9% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "North America Polycarbonate Sheets Market Analysis to 2030" is a specialized and in-depth study with a major focus on the market trends and growth opportunities in North America. The report aims to provide a market overview with detailed market segmentation by product type. The market has witnessed high growth in the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the use of polycarbonate sheets in North America. In addition, the report provides a qualitative assessment of various factors influencing the market performance in North America. It also includes a comprehensive analysis of the leading players in the North America polycarbonate sheets market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the market, which helps understand the entire supply chain and various factors impacting the North America polycarbonate sheets market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
SEGMENTAL ANALYSIS
The North America polycarbonate sheets market is segmented on the basis of product type. Based on product type, the market is segmented into general purpose grade and flame retardant grade. In 2022, the flame retardant grade segment accounted for a significant share of the North America polycarbonate sheets market. Furthermore, the demand for general purpose grade sheets is also growing at a significant pace. General purpose grade sheets are typically used in a wide range of industries such as automotive, signage, and electricals & electronics. The sheets are known for their high impact resistance, making them suitable for safety glazing, protective barriers, and vandal-resistant windows. These factors bolster the North America polycarbonate sheets market growth for the general purpose grade segment.
![chemicals-and-materials](https://www.theinsightpartners.com/assets/rdimages/upcoming/chemicals-and-materials.jpg)
![RD Description](../assets/rdimages/north-america-polycarbonate-sheets-market-img3.png)
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REGION ANALYSIS
The North America polycarbonate sheets market is segmented into the US, Canada, and Mexico. The market in the US was estimated to be ~US$ 300 million in 2022. The US, one of the key economies in North America, contributes significantly to the polycarbonate sheets market growth. These sheets are renowned for their versatility, which contributes significantly to their increasing demand. They find application in numerous sectors, including construction, automotive, agriculture, and signage. High disposable income and a shift in lifestyle attract consumers to invest in new construction activities and improve the existing structures. All these factors are likely to propel the US market growth from 2022 to 2030. Canada is expected to register a CAGR of ~4.0% from 2022 to 2030. The automotive sector in Canada contributes significantly to the demand for these sheets. The automotive industry is one of Canada's most important manufacturing sectors, with a US$ 12.5 billion contribution to GDP in 2020. With the continued growth and development of the automotive industry in Canada, the need for reliable and lightweight materials such as polycarbonate sheets remains strong. Mexico is forecasted to be valued at around US$ 30 million in 2030. Mexico’s automotive industry plays a significant role in the growth of the polycarbonate sheets market. According to the International Trade Administration, the automotive sector is one of Mexico's most important sectors, comprising 20% of the nation's GDP and employing over one million people nationwide. The expansion of the automotive industry has spurred the need for advanced materials to meet the sector's evolving requirements, and polycarbonate sheets have emerged as a preferred choice. All these factors drive the polycarbonate sheets market growth in Mexico.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
The report provides a detailed overview of the North America polycarbonate sheets market.
In December 2020, Plaskolite LLC, a manufacturer of thermoplastic sheet products, launched TUFFAK CA, a flame-resistant, optical grade, transparent polycarbonate sheet for interior applications. TUFFAK CA meets the International Building Code (IBC) Class A flammability criteria for interior wall and ceiling finishings.
IMPACT OF COVID-19 PANDEMIC
The North America polycarbonate sheets market witnessed growth before the onset of the COVID-19 pandemic due to the increased use of these sheets in the residential and commercial construction and automotive sectors. However, the pandemic adversely affected the chemicals & materials industry. It resulted in the shutdown of manufacturing facilities, created challenges in procurement of raw materials, and put restrictions on logistic operations. The unprecedented rise in the number of COVID-19 cases across the country and the subsequent lockdown of numerous manufacturing facilities negatively influenced the growth of the market. Further, the overall disruptions in manufacturing processes, research, and development activities restrained the North America polycarbonate sheets market growth.
The North America polycarbonate sheets market is reviving due to the government's significant measures, such as vaccination drives. Growing demand for these sheets from the residential and nonresidential application sectors is propelling the North America polycarbonate sheets market growth. Moreover, various players in the region seek investment opportunities as businesses gain confidence in stabilizing economies and increasing demand, thereby providing the impetus for the North America polycarbonate sheets market growth.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Plaskolite Inc, Palram Americas Inc, Gallina USA LLC, AmeriLux International LLC, A&C Plastics Inc, United States Plastic Corp, Saudi Basic Industries Corp, TAP Plastics Inc, Brett Martin Ltd, and Arla Plast AB are among the key players operating in the North America polycarbonate sheets market.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Product Type
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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The List of Companies - North America Polycarbonate Sheets Market
- Plaskolite Inc
- Palram Americas Inc
- Gallina USA LLC
- AmeriLux International LLC
- A&C Plastics Inc
- United States Plastic Corp
- Saudi Basic Industries Corp
- TAP Plastics Inc
- Brett Martin Ltd
- Arla Plast AB