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New York, April 19, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of Report “Europe Polycarbonate Sheets Market – Growth, Trends, Impact Of COVID-19 And Forecasts (2021-2026)†– https: // www.reportlinker.com/p06039490/?utm_source=GNW
The market was negatively impacted by COVID-19 in 2020. Due to the pandemic scenario, several countries in the region have been locked to contain the spread of the virus. This affected various end-user industries such as construction, automotive, electrical and electronics and others, negatively impacting the polycarbonate sheet market. In the UK, for example, various car manufacturers such as Aston Martin, Bentley, Nissan, JLR, Rolls-Royce and Vauxhall have stopped production in the wake of the COVID-19 pandemic. Around 78,767 vehicles were manufactured in the first half of 2020, which means a slump in car production of around 42%, the lowest production level in the country since 1954. Such a sharp drop in vehicle production is expected to reduce demand for the market. However, the condition is expected to recover in 2021, which should propel the market studied during the forecast period.
– In the short term, the revival of the construction industry in the region and the increasing popularity of polycarbonate sheet over traditional materials are expected to fuel the growth of the market. The construction boom was favored, for example, by the extremely low interest rates of the European Central Bank, a growing urban population and high levels of immigration in Germany over the past five years. The federal government has announced that it will build around 1.5 million residential units by 2021. The backlog of pending housing permits rose to over 400,000, suggesting the industry is growing.
– On the other hand, the volatility of commodity prices and the negative effects of the COVID-19 pandemic are expected to slow the market.
– New applications in the medical field as an alternative to PPSU and PSU sheets and unique applications in automotive glazing as well as in electrics and electronics should prove to be opportunities in the future.
– Germany dominated the market across Europe due to the increasing demand in the construction industry.
Important market trends
Increasing demand from the construction industry
– Construction has been the top end-user industry for the polycarbonate sheet market with a share of around 64% in 2020. In the construction industry, polycarbonate sheets are used for their light weight, ease of installation and use in roofing, cladding and glazing applications and energy saving functions. They continue to be used as fences and walls in residential and commercial construction projects. ?
– Companies like SABIC Innovative Plastics offer a double-walled extruded polycarbonate sheet called Lexan Dripgard, which provides UV protection, thermal insulation, high light transmission, impact resistance, long term weather resistance and light weight, which is resistant to condensation and has wide application in the construction industry. ?
– Polycarbonate roofs are the current trend for building, sidewalks and other roofing because of their UV protection. This is the result of UV stabilizers in polycarbonate, which help protect the material from the sun and preserve it for a longer period of time.
– In addition, a solid polycarbonate sheet has a much higher impact compared to glass. This is extremely useful when it comes to the transportation, handling, and installation phases of any project. In addition, compared to glass, acrylic or GRP / fiberglass, polycarbonate sheets offer greater resistance to hail, falling branches and other objects. In contrast to GRP, polycarbonate does not become more brittle with age.
– For more demanding applications where resistance to forced entry is required, polycarbonate sheets can also be laminated together with a polyurethane adhesive under heat and pressure. It can also be laminated with layers of glass on the outer skin for even better chemical resistance. Glass-laminated polycarbonate laminates offer resistance to high-performance ballistics.
– Germany is one of the most severely affected countries in the world by the outbreak of the COVID-19 virus. In response to the outbreak, the German government announced several containment measures, including closing non-essential businesses to slow the spread of the virus across the country. However, the federal government has exempted infrastructure, residential and utility construction from the lockdown measures, although construction may continue during the Covid-19 crisis.
– Germany is the leading construction market in Europe and is home to the largest portfolio of buildings on the continent. The construction industry is booming in Germany. The high demand for residential real estate in the country is driven by the growing population, demographic change and a favorable economic environment. The demand in the residential sector is mainly found in multi-generation houses, micro-apartments and prefabricated houses. ?
– According to the Federal Office for Building and Regional Planning, Germany will need around 350,000 new residential units per year by 2021. In 2018, 24,318 building permits were issued in February 2020, a slight decrease from 41,046 units in December 2019, which had a negative impact on the construction market. This trend is likely to change slightly due to the increasing demand for real estate, the growing population, increased job security and low borrowing costs.
– In the UK, the construction sector accounts for around 6% of the country’s GDP. In order to provide better infrastructure for the population across the country, the government has planned to invest 1-2% of their GDP in infrastructure between 2020 and 2050 under the National Productivity Investment Fund (NPIF). ?
– Under the NPIF, the government plans to invest £ 23 billion in housing, science and innovation, transport and a 5G network over the next five years, of which around £ 7.2 billion in new housing and around £ 4 billion are provided for infrastructure such as road bridges, sidewalks and others.
– In Spain the demand for new housing units is increasing, supported by better employment conditions. The Spanish National Institute of Statistics (INE) estimates that net household creation will average 135,000 units per year over the 2019-2025 period.
– The Italian government is pushing to fight the COVID-19 outbreak as well as the declining economic scenario in the country. The country has announced nearly $ 28 billion in emergency financial aid to help the economy by helping specific segments of the industry.
– Such positive factors are expected to drive the consumption of polycarbonate sheet in the construction industry by 2026. ?
Germany dominates the market
– The German economy is the largest in Europe and the fifth largest in the world. In 2019, the German economy grew by around 0.5%, which was the weakest growth rate in the last six years. According to the IMF, the country saw a further drop in GDP growth of around -6% in 2020 due to the COVID-19 outbreak, rising to 4.2% in 2021, subject to the global economic recovery after the pandemic.
– Germany is one of the most severely affected countries in the world by the outbreak of the COVID-19 virus. In response to the outbreak, the German government had observed several containment measures, including shutting down non-essential businesses to slow the spread of the virus across the country.
– However, the federal government had exempted infrastructure, residential and utility construction from the lockdown measures, although construction was allowed to continue during the COVID-19 crisis.
– The sales of the construction sector in the country increased by 5.1% and reached 128 billion euros in 2019. According to estimates by industry experts, the number of completely built new buildings is estimated at around 315,000 in 2019, which is higher than in the year.The total number of buildings completed in 2018 was 300,000.This positive dynamic has massively slowed the devastating pandemic situation in 2020. According to HDB, the domestic construction industry slumped by 3% in sales in 2020 over the forecast period.?
– The increasing immigration to the countryside is stimulating the current demand for new residential construction. ? Around 3.6 million migrants are expected to arrive in Germany by the end of 2020-2021, which will require at least 350,000 new apartments per year.
– The Central Association of the Electrical and Electronics Industry (ZVEI) announced that the German electronics industry recorded a decline in incoming orders of around 3.2% in 2019. While domestic orders fell 4.6% in 2019, foreign orders rose 3.8%, boosting electronics production in the country. ?
– At the beginning of 2020, market expectations seemed to be improving as 21% of electronics companies expected demand to surge over the next six months. However, the COVID-19 outbreak presented a very difficult market arena for the electronics industry.
– Automobile production in Germany in 2019 fell by -9% compared to 2018, d a slump in sales. “ In the first nine months of 2020, Germany produced 2.55 million passenger cars and light commercial vehicles, down 32.6% from 3.79 million vehicles in the same period in 2019.The country is expected to study the same period in the forecast period Market drives.
– The German aerospace industry comprises more than 2,300 companies spread all over the country, with northern Germany having the highest density of companies. The state is home to many production sites for aircraft interior components and materials, mainly in Bavaria, Bremen, Baden-Württemberg and Mecklenburg-Western Pomerania. It is estimated that over 30 to 35,000 new aircraft will be brought into service over the next 20 years to meet growing aviation demand. Therefore, the increase in aircraft production after the recovery from COVID-19 is expected to provide opportunities for the market studied during the forecast period.
– All of the above factors are expected to affect the polycarbonate sheet industry’s growth prospects over the forecast period.
Competitive landscape
The European polycarbonate sheet market is dominated by several market players with significant market shares and is focused on research and innovation. The market is being consolidated with the top five players accounting for around 65% of the market as different players contribute to regional demand. The main players in the market include EXOLON GROUP GMBH, SABIC, Corplex, 3A Composites GmbH and Brett Martin.
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