The global polycarbonate sheets market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 5.1% between 2020 and 2025. Growing demand from end-use industries is expected to drive the polycarbonate sheets market in the future.
The key players in the polycarbonate sheets market are SABIC (Saudi Arabia), Covestro AG (Germany), Trinseo S.A. (US), Teijin Limited (Japan), Mitsubishi Gas Chemical Company, Inc. (Japan), Evonik Industries AG (Germany), Suzhou Omay Optical Materials Co., Ltd. (China), Excelite (China), Plazit-Polygal Group (Israel), Arla Plast AB (Sweden), 3A Composites GmbH (Germany), Palram Industries Ltd. (Israel), Ug-oil-Plast Ltd. (Russia), Gallina India (New Delhi), Koscon Industrial S.A. (Switzerland), Isik Plastik (Turkey), Brett Martin Ltd. (UK), and Spartech (US). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch/development, and partnership, agreements, and joint venture between 2014 and 2021, to enhance their market shares and expand their global presence.
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Saudi Basic Industries Corporation (SABIC) is engaged in the manufacture and distribution of chemicals, agri-nutrients, and metal products. The company manufactures the essential building blocks for a wide range of chemicals, plastics, foams, and other materials used in industries such as automotive, healthcare, and construction, and in household goods. The company has a broad product portfolio that includes olefins, oxygenates, aromatics, glycols, ethanolamines, linear alpha olefins, polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, polystyrene, and polycarbonate and its blends. Polycarbonate sheets are a part of the company’s petrochemicals and specialities business segment.
- In January 2021, Nusaned Investment, a wholly-owned subsidiary of SABIC that operates as an autonomous investment company, inaugurated its new office building and launched a new brand identity at a ceremony in Riyadh. This expansion was aimed at expanding its local presence to cater to the market demand.
Teijin Limited operates globally in three business fields, namely, materials, healthcare, and IT & others. It offers a wide range of products and services encompassing carbon fibers, aramid, composites, films, resins & plastic processing, pharmaceuticals, home healthcare, IT, and fibers & products converting. Products offered by the company include polyester, Polyethylene Naphthalate (PEN) fibers, Polycarbonate (PC) resins, PC/ABS & PC/AS polymer alloys, PEN resins, Polyethylene Terephthalate (PET) resins, and PET and PEN films, among others. The company offers polycarbonate sheets under the materials business segment.
- In August 2018, Teijin Limited acquired Inapal Plasticos SA (Inapal), which is a leading automotive composite supplier in Portugal. This acquisition was aimed at expanding its business portfolio and cater to the unstrapped market demand.