South America Polycarbonate Sheets Market - Forecasts from 2023 to 2028

South America Polycarbonate Sheets Market - Forecasts from 2023 to 2028

South America polycarbonate sheets market was evaluated at US$65.796 million for the year 2020, growing at a CAGR of 4.32%, reaching the market size of US$88.439 million by the year 2027.

Plastic is a very adaptable material that may be utilized in various applications and projects. Polycarbonates are a collection of thermoplastic polymers that are one of the most prevalent types of plastic (PC). This synthetic resin is a naturally transparent amorphous thermoplastic that may be used to make a variety of precision machined components and products, as well as a replacement for acrylic, glass, and polyethene. Polycarbonate sheets are well-suited to a range of applications and industries, including agriculture, automotive, construction, industrial, medical, and security, to mention a few.

These sheets, also known as thermoplastic sheets, have theunique quality that they do not degrade significantly when heated to their melting point. Polycarbonate sheets are also 250 times stronger than glass and nearly 30 times stronger than acrylic sheets.These characteristics have allowed them to be used in a variety of engineering applications.

Increasing population, growing urbanization, and an expanding middle class are the main drivers driving up polycarbonate sheets used in the region.Infrastructure investment is boosting the polycarbonate sheet market in nations like Peru, Chile, and Argentina. Furthermore, government policies promoting infrastructure development are driving up demand for building rooftop construction, which is projected to drive up demand for PC sheets in the upcoming years. The rising demand for high-performance polycarbonate sheets will likely propel the South American polycarbonate sheets market forward. Furthermore, the growing demand for polycarbonate sheets will benefit the South American polycarbonate sheets market due to their exceptional thermal resistance, impressive optical cavities, dimensional stability, and outstanding impact resistance. Additionally, the growing use of polycarbonate sheets in South America's thriving building and construction industry is likely to boost market expansion during the forecast period.

However, raw material price variations, as well as the environmental consequences of polycarbonate sheets, are anticipated to hinder the growth of the South American polycarbonate sheets market.

By type, the multiwall segment is predicted to grow at the fastest rate over the forecast period. The cellular structure of multiwall polycarbonate sheet products has at least two walls and connective ribbing. This results in an inflexible, impact-resistant sheet that is virtually lighter in weight than solid polycarbonate, acrylic, or glass sheets due to the air voids (cells) that enable less heat exchange. Furthermore, the multiwall polycarbonate item has a wide range of applications for both interior and exterior segments, including wall cladding, exterior roofing, and coating applications, as well as displays and POP marketing displays.

By End-User, the construction and building industry accounts for the majority of polycarbonate sheet demand.Polycarbonate sheets are rapidly being used in commercial and residential settings in countries like US and Mexico for cladding, skylight roofing, and greenhouses. Furthermore, they are reasonably priced and feature a flawless finish. As a result, manufacturers are ramping up the production of polycarbonate sheets. Compared to acrylic and glass, polycarbonate sheets are more resistant to breakage and shock. This makes the installation, handling, and transporting process easier. Moreover, polycarbonate sheets have a low maintenance cost. Polycarbonate sheets are in high demand in the building and construction sector because of these characteristics, as well as their outstanding insulating capabilities.

During the forecast period, Brazil is expected to grow at a considerable CAGR.As a developed economy, Brazil has a fast-rising consumer base in industries such as packaging, automotive, and construction, with prominent companies in the industry. The country's automobile sector has been preparing for product evolution, with the country focused on manufacturing products to ensure fuel efficiency and decrease emissions due to escalating pollution concerns in the country. Furthermore, the growing demand for electric vehicles is a significant determinant driving market expansion. Besides, the construction industry's increasing demand is likely to propel the market even higher.

Recent Development

SABIC and NUDEC, a prominent manufacturer of clear plastic sheets for several sectors, partnered to launch Renewable polycarbonate sheets in April 2021. The collaboration between SABIC and NUDEC is aimed at building and construction applications.

Covestro debuted Makrolon RE, a drop-in, low-carbon footprint, medical-grade polycarbonate solution, in March 2022, as part of its product portfolio growth in the medical and healthcare industry.

Exolon Group introduced an entirely new form of multiwall sheet, Exolon multi–UV Hybrid Xon, to the market in January 2022, claiming that it is stronger, more flexible, and more sustainable.

COVID-19 Impact

The COVID-19 outbreak resiliently affected the South America Polycarbonate Sheets market. The pandemic has hampered the operations of various companies, including the end-user industries of the Polycarbonate sheets. Construction activities have been halted worldwide due to worker scarcity, and in certain areas, activities have been suspended due to lockdown laws. The shutdown has disrupted the worldwide supply chain, which has contributed to drop-in building activity and, as a result, the polycarbonate market. With the COVID-19 pandemic, however, medical device makers around the world are focusing more on technology like polycarbonate. The urgent demand for more pharmaceutical-grade polycarbonate has been exacerbated by the worrying shortages of medical supplies for doctors and nurses fighting the COVID-19 outbreak. Furthermore, product improvements for medical applications and increased commercialization of the bio-polycarbonate market are expected to present future opportunities.

Segmentation

By Type

Solid
Corrugated
Multiwall

By End-User Industry

Electrical and Electronics
Automotive
Construction
Agriculture
Others

By Country

Brazil
Argentina
Chile
Colombia
Others