PUBLISHER: Grand View Research | PRODUCT CODE: 1493409
PUBLISHER: Grand View Research | PRODUCT CODE: 1493409
The global polycarbonate films market size is anticipated to reach USD 2.81 billion by 2030, registering a CAGR of 7.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The use of glass-like materials in advanced manufacturing applications is driving the market. Industries such as automotive and electronics are increasingly using polycarbonate films due to their properties such as impact resistance, optical clarity and high heat resistance, leading to growth opportunities in these sectors.
Due to their high impact resistance and excellent barrier properties, polycarbonate films are preferred in the packaging industry. As demand for packaged food and beverages continues to grow, the use of polycarbonate films in packaging applications is expected to increase. Furthermore, the increasing focus on sustainability and environmental concerns is resulting in a growing trend towards using eco-friendly materials in packaging. Polycarbonate films are recyclable and offer a sustainable packaging solution, driving their adoption across various industries.
The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in June 2023, Rohm finalized the Sale and Purchase Agreement (SPA) to acquire SABIC's polycarbonate-based films and sheet business unit Functional Forms. The acquisition aims to enhance Rohm's position in the market by offering a comprehensive range of products under the PLEXIGLAS/ACRYLITE and LEXAN brands, providing customers with technical expertise and application support.