The polycarbonate films market is estimated at USD 1.10 billion in 2017 and is projected to reach USD 1.52 billion by 2022, at a CAGR of 6.6% between 2017 and 2022. The growing usage of polycarbonate films due to their superior properties has resulted in an increased demand, especially from electrical & electronics industry. The market growth is further catapulted with the increasing number of technological advancements taking place in the field of polycarbonate films.
The major challenge for the growth of the polycarbonate films market is the shortage of raw materials. The demand for polycarbonate resin has increased in recent years. However, due to recent shutdown of polycarbonate resin plants by various manufacturers, the supply-demand balance has been disrupted. Thus, the reduced capacity of raw materials is expected to hinder the growth of the polycarbonate films market in the future.
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Major manufacturers of polycarbonate films, such as SABIC (Saudi Arabia), Covestro (Germany), Teijin Limited (Japan), 3M Company (US), Suzhou Omay Optical Materials (China), and Mitsubishi Gas Chemical Company (Japan), have been profiled in this report. These companies adopted both organic and inorganic growth strategies to strengthen their position in the polycarbonate films market.
SABIC (Saudi Arabia) is the most active player in the polycarbonate films market. The company accounted for the largest share in the polycarbonate films market. As part of its strategy, the company has focused on investing in R&D activities for developing newer products. The company introduced LEXAN SD film solutions in November 2014 for electronic security documents that can be used for passports, ID cards, and other applications. The company was also involved in a joint venture with Cima NanoTech (US) for the joint development of a transparent conductive polycarbonate film.
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Covestro (Germany) is another company that has established a strong foothold in the polycarbonate films market. The company adopted the strategy of new product launch and expansion to improve its product portfolio and cater to the demand of its customers. In April 2016, the company introduced polycarbonate hard coated film solution for automotive interior applications. The company was also involved in expanding its production capacity for multilayered flat films at its Dormagen site in Germany in July 2017.
