Polycarbonate Market is Going to Reach USD 18.39 Billion by 2019 : Transparency Market Research
According
to a new market report published by Transparency Market Research
"Polycarbonate Market for Automotive, Electronics, Construction,
Optical Media, Packaging and Other (Medical Implants and Tableware)
Applications - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2013 - 2019," the global polycarbonate market was
valued at USD 12.15 billion in 2012 and is expected to reach USD
18.39 billion by 2019, growing at a CAGR of 6.1% from 2013 to 2019.
Browse
the full Polycarbonate Market Report at
Polycarbonate,
a thermoplastic polymer produced using BPA (Bisphenol A) and phosgene
as the major feedstock. High tensile strength, high shatter
resistance and high thermal stability than the traditional
engineering plastics such as acrylic have been major factors driving
demand for polycarbonate.
Polycarbonate
helps in reducing the overall weight of the vehicle without
compromising durability. Therefore increasing demand for light
vehicles is expected to be a major factor driving demand for
polycarbonate. In addition, easy sterilization and cleaning of
polycarbonate have led to increase in demand for polycarbonate in
packaging applications which is anticipated to be among the major
factors driving demand for polycarbonate. Moreover, BPA is a
derivative of crude oil; therefore volatile pricing of BPA has been
restraining polycarbonate market growth. Furthermore, low scratch
resistance of polycarbonate has also restrained polycarbonate market
growth mainly in the automotive segment. Developing low cost scratch
resistant polycarbonate is expected to offer huge growth
opportunities in the market.
The
demand for polycarbonate can be segregated into six major application
segments: automotive, electronics, construction, optical media,
packaging and others. Electronics, followed by automotives, are the
dominant application segments for polycarbonate. The other
application segment includes niche applications such as medical
implants and tableware, among others.
Asia
Pacific dominates the global demand for polycarbonate. Owing to high
GDP growth in the emerging economies of India and China, Asia Pacific
is anticipated to be the fastest growing region during the forecast
period. Europe is another major regional segment in the demand side
of the polycarbonate market. North America and RoW also show healthy
demand figures majorly due to demand from various end-user segments
such as automotives and electronics.
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Some
of the major industry participants include Bayer MaterialScience,
SABIC Innovative Plastics, Styron, Mitsubishi Engineering Plastics
Corporation, Teijin Limited, Chi Mei Corporation, Idemitsu Kosan Co.,
Ltd., Centroplast Engineering Plastics GmbH, Royal DSM, and Asahi
Kasei Chemical Corporation among others. Most of these companies have
a global presence and their distribution and supply divisions are
driven by various supply agreements and joint ventures with end-user
companies.
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This
report segments the global polycarbonate market as follows:
Polycarbonate
Market: Application Analysis
- Automotive
- Electronics
- Construction
- Optical media
- Packaging
- Others (Including medical implants, tableware, etc.)
Polycarbonate
Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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