According to Global Market Insights, Inc., “Polycarbonate Films Market size was over USD 1.4 billion in 2017 and industry expects consumption at over 550 kilo tons by 2024.”  Owing to the strong, tough and lightweight characteristics of polycarbonates (PC), the polycarbonate films market has garnered tremendous popularity lately, driven by the product’s application in numerous industrial sectors.

Being highly elastic and resistant to chemicals, PC films are considered apt for automotive and electrical components, even preferred in the assembly of medical devices. Furthermore, heat, moisture and flame resistance makes them ideal for construction purposes and in agricultural equipment, where they face challenging weather conditions.

The global polycarbonate films industry has gained traction from the rapid urbanization taking place in developing economies, where changing income trends have had a positive impact on the demand for appliances and automobiles. With increasing number of gadgets and electrical accessories being made that require components made from optical PC films, the global polycarbonate films market registered a valuation of over USD 1.4 billion in 2017.

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As PC films will be consistently used in the production of door handles, headlight bezels, inner lenses and radiator grills owing to their dimensional stability and rigidity, the optical polycarbonate films market is anticipated to record a 7% growth rate from the automotive segment over 2018 to 2024. The industry should also benefit from constant innovations in the field of material development and integrated automobile technologies.

Covestro, a Bayer spin-off, recently unveiled new film technologies for car interiors, stating that the number of touchscreens and displays in vehicles has increased to a great extent, mostly due to wide digital networks and smart connectivity. The company has developed Makrofol HF, a film suitable for the edging and trimming of such displays and for touchscreens having 3D surface that allow drivers to using functions without looking away from the road.

Polycarbonates are known to meet the requirements of different other consumer segments where properties like thermal stability, sturdiness, transparency and flame retardance are essential, for instance electric home appliances. The replacement of glass and metal in appliances with lightweight PC material has offered better safety and flexibility of design to producers of consumer durables, propagating the significance of the polycarbonate films market.

Apart from small appliances like food mixers and coffee machines, PC films are widely utilized in washing machines to give a light tint to transparent washer windows. PC forms a vital portion of led displays that show information and functions being performed along with some internal parts of an appliance. It is projected that by 2020, the worldwide consumption of household appliances could reach nearly USD 590 billion.

Evidently, the critical role of PC films in manufacturing reliable and durable home appliances will generate a substantial valuation for the overall polycarbonate films industry. The efforts of industry players such as Covestro, SABIC, Wiman and Teijin will further augment the commercialization landscape of PC films industry, that will accumulate over USD 2.4 billion by 2024.

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