APAC Takes Lead in Global Polycarbonate Glazing Market, Says MRFR in Its In-Demand Research Study Available at MarketPublishers.com
27 Oct 2017 • by Natalie Aster
LONDON – During 2017-2023, the global market for polycarbonate glazing is anticipated to see healthy growth at an 8.43% CAGR to exceed USD 6.62 billion. Uptake in the construction industry (rising number of both residential and non-residential projects) and favourable regulations for construction projects worldwide are viewed as the major market growth engines. Further opportunities are expected to be opened by the rising popularity of “green” and sustainable construction.
Besides, the automotive industry is also an important consumer of polycarbonate sheets for glazing purposes, thus it is also likely to spur the demand for polycarbonate glazing. Presently, China and Germany are at the forefront of the global automotive industry, therefore, these countries register uptake in demand for polycarbonate glazing.
Other important polycarbonate glazing market growth drivers include robust urbanisation, increasing per capita incomes and enhancing investments in emerging countries.
However, the polycarbonate glazing market also faces a number of growth challenges, for example, regulative norms regarding limited usage of polycarbonate in automotive windscreens and high costs of polycarbonate glazing materials.
APAC is the global leader in the polycarbonate glazing market, grabbing a share of appr. 44% of the overall market. This regional market is projected to grow at the highest pace in the foreseeable future driven majorly by the rising demand from the key end-use industries. North America and Europe are also viewed as attractive polycarbonate glazing markets.
In-demand research publication “Global Polycarbonate Glazing Market Research Report- Forecast to 2023” created by Market Research Future (MRFR) includes a detailed analysis of the global polycarbonate glazing market, covering the market structure, size, shares, segmentation, landscape and dynamics. It touches upon the historical background of the polycarbonate glazing market, describes the current scenario at different geographical levels, examines the key growth influencing forces, characterises competitive landscape, highlights the merging opportunities and challenges, and discusses prevailing trends. It also contains comprehensive profiles of the top players. In addition, an all-round future outlook for the polycarbonate glazing market with detailed forecasts through 2023 is provided in this study.
Follow MRFR online catalogue for other in-demand research studies prepared by this publisher.