Asia-Pacific Building and Construction Sheets Market - Growth, Trends, COVID-19 Impact and Forecasts (2022 - 2027)

The Asia-Pacific building and construction sheets market is expected to register a CAGR of approximately 6% during the forecast period, 2022 to 2027.

The COVID-19 pandemic has adversely affected the demand for construction sheets in the construction sector. With the increasing number of COVID-19 cases, the demand for construction products has declined, but on the other hand, the demand for daily use products and essential goods increased. Several companies engaged in roofing manufacturing have faced numerous challenges in the sale of roofing material products.

Expanding infrastructural development activities and rising consumer awareness of the benefits of sheets, particularly in Asia-Pacific's emerging nations, are likely to drive the market expansion. Furthermore, rising government building spending is expected to boost demand in the concerned industry. Because of the rising use of polymer and metal sheets in construction, the demand for sheets is likely to increase significantly. Over the forecast period, demand for metal and polymer sheets is likely to be driven by their use in roofing, sound and waterproofing, and HVAC applications.

The growing population in developing economies, combined with fast urbanization and industrialization, has prompted the government to expand investment in the relevant industry to meet the growing infrastructural needs. Furthermore, due to rising disposable income in developing economies, the construction sector is predicted to grow significantly.

Key Market Trends

Asia-Pacific to Hold a Major Share of the Building and Construction Sheets Market

From 2018 to 2021, Asia-Pacific was the region with the biggest share of the roofing market worldwide. By 2027, liquid roofing in Asia is expected to reach a value of 5.4 billion In building and construction sheets market, Asia Pacific had the most customers. Growing demand for construction activities as a result of rising population and increasing number of manufacturers is one of the primary factors driving the growth of the building and construction sheets market in this region. During the projection period, the Asia Pacific market is projected to be followed by the markets in North America and Europe.

Growing Demand for Polycarbonate Sheets

The applicability of polycarbonate sheets in various end-user industries is increasing due to their exceptional physical and chemical properties. Thermoplastic polymers are highly efficient and preferred in the automotive industry because of the growing demand for lightweight, high-performance, and recyclable materials for exterior and interior parts applications.

Governments of various emerging countries, such as China and India, are increasingly investing in infrastructure development, leading to a rise in construction activities in these countries. An increase in the number of construction projects has led to the growth in demand for roofing solutions in both residential and industrial construction sectors. Thus, the increase in demand for transparent roofing products from the building and construction industry is projected to drive the growth of the polycarbonate sheets market.

Polycarbonate sheet is the most favored material in the production of optical discs, such as CDs, DVDs, and Blu-ray discs. Urbanization and the growing demand for better home video entertainment, especially in developing countries with slower internet speed, have led to higher consumption of content through Blu-ray discs. The demand for optical media-grade polycarbonate sheets has also increased in these countries.

Competitive Landscape

Asia-Pacific buildings and construction sheets market is highly fragmented, with no player holding a significant share to influence the market. Some of the key players in the market include Asia Poly Industrial Sdn Bhd, Hindalco Ind Ltd, Mitsubishi Chemical, Ray Chung Acrylic, and Shen Chuen Acrylic.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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