Polycarbonate Glazing Market Analysis

Global Polycarbonate Glazing Market Overview

Polycarbonate Glazing Market Size was valued at USD 15.26 billion in 2023. The Polycarbonate Glazing market industry is projected to grow from USD 16.40 Billion in 2024 to USD 27.22 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.53% during the forecast period (2024 - 2032). Increased sustainable living and advancement in the construction sector are the key market drivers contributing to overall market growth and expansion.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Polycarbonate Glazing Market Trends

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  Growing construction activity is driving the market growth

  
  

The rising number of construction activities is driving market CAGR for polycarbonate glazing. The main market growth drivers are the expansion of the building industry, favorable government legislation and regulations, and an increase in vehicle production. A significant portion of the market's growth has also been attributed to a population increase among urban section and their ability to spend. All of these variables are expected to contribute to the market experiencing steady expansion during the anticipated period. The usage of the sheets is widespread and will undoubtedly expand to more industries. As people become more conscious of the issue, they are turning their attention to sustainable building practices, which have raised the demand for polycarbonate glass.

Additionally, there has been an increase in the demand for lightweight automobiles as stricter regulations are put in place to reduce vehicle emissions. The car industry has seen significant growth in sales. Furthermore, growing in popularity is polycarbonate security glazing. The market has expanded as a result of all of this. But certain factors, such as the expensive cost and restrictions on employing polycarbonate window glazing in automotive windscreens, have been limiting the rise. PC glazing not only complies with strict fuel economy standards, but it also provides amazing design and aesthetic freedom, including that connected to the integration of automobile parts. An increase in the manufacturing of fuel-efficient vehicles has driven the market for PC glazing solutions. Particularly, PC glazing chemicals are gaining popularity with producers of electric vehicles, which also gives the potential for corporate expansion. Vendors in the market have been pushed by the rise in demand for environmentally friendly resin goods to enhance the percentage of renewable resources in PC products. Over the past few years, their commercialization has accelerated, and this pattern has created new growth frontiers.

COVID-19 impacts the automobile sector because facilities where cars and their parts are manufactured, cannot be done remotely. The new coronavirus has infected areas with significant manufacturing hubs; thus, containment precautions are taken there. The lockdown has halted international trade in goods and impacted supply networks worldwide. However, it is projected that the market for electric vehicles will expand after the pandemic. As automotive polycarbonate glazing delivers a 50% weight reduction over the glass in a vehicle, this would, in turn, drive the market for it.

For instance, according to the EPA, a 100-pound decrease in vehicle weight results in a 1-2% increase in fuel efficiency. The rise in energy efficiency will help drivers and OEMs by enabling them to accomplish the fleet-level emissions goal. Therefore, vehicle manufacturers such as glazing producers tend to concentrate on releasing and producing glazing items made of polycarbonate. As a result, it is anticipated that demand for Polycarbonate Glazing will increase throughout the projection period due to the rising automobile and construction industry. Thus, driving the Polycarbonate Glazing market revenue.

Polycarbonate Glazing Market Segment Insights

Polycarbonate Glazing Application Insights

The Polycarbonate Glazing market segmentation, based on application, includes Windscreens, Architectural glazing, illuminated signage and displays, Roofing and skylights, Sidelights, and Others. Architectural glazing dominated the market, accounting for 55% of the market share (USD 7.8 billion) in 2022. The roofing and skylights category is expected to grow steadily during the projected time frame due to high demand in the automotive industry.

Figure 1:  Polycarbonate Glazing Market, by Application, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Polycarbonate Glazing End-User Insights

The Polycarbonate Glazing market segmentation, based on End-User, includes Commercial Construction, Horticulture and agriculture, Industrial Construction, Institutional Construction, Automotive, and Others. The industrial construction category generated the highest revenue of 60% in 2022. The industrial sub-segment category dominates the market because of its rising industrialization.

Polycarbonate Glazing Regional Insights

By RegionRegion, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Polycarbonate Glazing Marker area will dominate this market, owing to increasing industrialization and increasing demand for housing.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  Polycarbonate Glazing market share by region 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe region's Polycarbonate Glazing market accounts for the second-highest market share due to Increased consumer expenditure on high-end vehicles. The quick improvement in coating processes for glazing has contributed to this growth prospect RegionRegion. Further, the German Polycarbonate Glazing market dominates the market revenue, and the UK Polycarbonate Glazing market is anticipated to grow significantly in the European Region.

The Asia-Pacific Polycarbonate Glazing Market is expected to grow steadily during the projected timeframe. This is due to rapid industrialization, urbanization, and automobile sector growth. Moreover, China’s Polycarbonate Glazing market dominates, and the Indian Polycarbonate Glazing market is expected to expand significantly in the Asia-Pacific region.

For instance, Americans are actively shifting themselves to sustainable living, and a shift in consumer preferences; therefore, polycarbonate glazing in vehicles and rooftops is increasing, ultimately contributing to market growth.

Polycarbonate Glazing Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to produce sustainable solutions, which will help the Polycarbonate Glazing market to grow. Market participants are also undertaking strategic approaches, whether inorganic or organic, to expand and strengthen their footprint, with important market developments including product launches, contractual agreements, mergers and acquisitions, high expenditure and investments, and strategic alliances with other organizations. The Polycarbonate Glazing industry must offer cost-effective and sustainable options to compete and survive in a fragmented market.

Manufacturing locally to minimize expenses is one of the key business tactics organizations use in the Polycarbonate Glazing industry to benefit consumers and ultimately increase their market revenue. The Polycarbonate Glazing industry has offered significant advantages to automotive and construction businesses. Major Polycarbonate Glazing market players include SABIC, Brett Martin Plastic Sheets, Guangdong Amuse Plastic Products Co., Limited, Plazit Polygal, and MG Polyplast Industries Pvt. Ltd, Palram Industries Ltd., and Gallina are attempting to capture market share by investing in research and development to produce sustainable options.

In 1987, Krd Sicherheitstechnik GmbH was established. The production of surgical instruments and supplies is one of the company's business divisions. They have high-tech glazing made of unique material characteristics. Their products rank among the most cutting-edge ones available. They have a dedicated research team working on new high-tech items, paint development, and manufacturing. For protection and safety, they offer a wide range of application sectors, including car openings, cabin glazing, the manufacturing of semi-finished goods, air travel, and many more. In 2016, One of the fastest super sports automobiles on the road, the Bugatti Veyron, has a panoramic top developed by KRD Sicherheit Technik GmbH. It was further transformed and coated using Momentive Performance Materials GmbH's AS4000 polydioxanone wet-coat technology to offer an extremely durable and weather-resistant roof. Polycarbonate glazing was utilized to produce Bugatti Veyron panoramic roof.

Schweiter Technologies AG is focused on creating, producing, and marketing machines and composite materials. The primary business unit of the company, 3A Composites, provides a variety of lightweight building materials used in displays, architecture, transportation, and other industries. Despite having a presence worldwide, Schweiter generates almost all of its revenue in the European market. In August 2017, To grow its composite business, Schweiter Technologies agreed to buy Athlone Extrusions, Ireland, a renowned producer of colored opaque multilayered sheeting made of plastic. Athlone produced sales of over 62 million euros in 2016. Athlone Extrusions has an approved enterprise value of 48 million euros (cash- and debt-free).

Key Companies in the Polycarbonate Glazing market include

• SABIC


• Brett Martin Plastic Sheets


• Guangdong Amuse Plastic Products Co., Limited


• Plazit Polygal


• MG Polyplast Industries Pvt. Ltd


• Palram Industries Ltd.


• Gallina

Polycarbonate Glazing Industry Developments

August 2017: To grow its composite business, Schweiter Technologies has agreed to buy Athlone Extrusions, Ireland, a renowned producer of colored opaque multilayered sheeting made of plastic. Athlone produced sales of over 62 million euros in 2016. Athlone Extrusions has an approved enterprise value of 48 million euros (cash- and debt-free).

2016: One of the fastest super sports automobiles on the road, the Bugatti Veyron, has a panoramic top developed by KRD Sicherheit Technik GmbH. In order to offer an extremely durable and weather-resistant roof, it was further transformed and coated using Momentive Performance Materials GmbH's AS4000 polydioxanone wet-coat technology. Polycarbonate glazing was utilized to produce Bugatti Veyron panoramic roof.

Pallet flow made of polycarbonate is frequently utilized as a circulation tracking system for deeper lane flow. It is made to be employed in a highly organized pattern and is extremely temperature resistant.

Polycarbonate Glazing Market Segmentation

Polycarbonate Glazing Application Outlook

• Windscreens


• Architectural glazing


• Illuminated signage and displays


• Roofing and skylights


• Sidelights


• Others

Polycarbonate Glazing End-User Outlook

• Commercial Construction


• Horticulture and agriculture


• Industrial Construction


• Institutional Construction


• Automotive


• Others

Polycarbonate Glazing Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America