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.
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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.
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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.
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
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
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
1. Introduction 9
1.1 The Insight Partners Research Report Guidance. 9
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Polycarbonate Sheets Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.1 Threat of New Entrants
4.2.2 Intensity of Competitive Rivalry
4.2.3 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors or Suppliers
4.3.5 End Use
4.3.6 List of Vendors in the Value Chain
4.4 List of Potential Customers
5. North America Polycarbonate Sheets Market - Key Industry Dynamics
5.1 North America Polycarbonate Sheets Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Demand from Residential Construction Industry
5.2.2 Rising Adoption of Polycarbonate Sheets from Consumer Goods and Sports Complexes
5.3 Market Restraints
5.3.1 Availability of Substitute Materials
5.4 Market Opportunities
5.4.1 Growing Demand from Solar Panel Manufacturing Industry
5.5 Future Trends
5.5.1 Growing Demand from the Automotive Sector
5.6 Impact of Drivers and Restraints:
6. North America Polycarbonate Sheets Market Analysis
6.1 North America Polycarbonate Sheets Market Revenue (US$ Million), 2020 – 2030
6.2 North America Polycarbonate Sheets Market Forecast and Analysis
7. North America Polycarbonate Sheets Market Analysis - Grade
7.1 General Purpose Grade
7.1.1 Overview
7.1.2 General Purpose Grade Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Flame Retardant Grade
7.2.1 Overview
7.2.2 Flame Retardant Grade Market, Revenue and Forecast to 2030 (US$ Million)
8. North America Polycarbonate Sheets Market - Country Analysis
8.1 North America
8.1.1 North America Polycarbonate Sheets Market Breakdown by Countries
8.1.2 North America Polycarbonate Sheets Market Revenue and Forecasts and Analysis - By Country
8.1.2.1 United States North America Polycarbonate Sheets Market Revenue and Forecasts to 2030 (US$ Mn)
8.1.2.1.1 United States North America Polycarbonate Sheets Market Breakdown by Grade
8.1.2.2 Canada North America Polycarbonate Sheets Market Revenue and Forecasts to 2030 (US$ Mn)
8.1.2.2.1 Canada North America Polycarbonate Sheets Market Breakdown by Grade
8.1.2.3 Mexico North America Polycarbonate Sheets Market Revenue and Forecasts to 2030 (US$ Mn)
8.1.2.3.1 Mexico North America Polycarbonate Sheets Market Breakdown by Grade
9. North America Polycarbonate Sheets Market – Impact of COVID-19 Pandemic
9.1 Pre & Post Covid-19 Impact
10. Competitive Landscape
10.1 Company Positioning & Concentration
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Plaskolite Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Palram Americas Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Gallina USA LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 AmeriLux International LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 A&C Plastics Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 United States Plastic Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Saudi Basic Industries Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 TAP Plastics Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Brett Martin Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Arla Plast AB
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. North America Polycarbonate Sheets Market Segmentation
Table 2. List of Raw Material Suppliers in Value Chain:
Table 3. List of Manufacturers and Distributors in Value Chain:
Table 4. North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Million)
Table 5. North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Million) – Grade
Table 6. United States North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Mn) – By Grade
Table 7. Canada North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Mn) – By Grade
Table 8. Mexico North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Mn) – By Grade
List of Figures
Figure 1. North America Polycarbonate Sheets Market Segmentation, By Country
Figure 2. Polycarbonate Sheets Market – Porter's Analysis
Figure 3. Ecosystem: Europe Precast Concrete Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Polycarbonate Sheets Market Revenue (US$ Million), 2020 – 2030
Figure 6. North America Polycarbonate Sheets Market Share (%) – Grade, 2022 and 2030
Figure 7. General Purpose Grade Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Flame Retardant Grade Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. North America Polycarbonate Sheets Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 10. United States North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 11. Canada North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 12. Mexico North America Polycarbonate Sheets Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 13. Company Positioning & Concentration
Figure 14. Heat Map Analysis By Key Players
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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