San Francisco, 29 October 2018 , The
global polycarbonate market is expected to reach USD 25.37
billion by 2024, according to a new report by Grand View Research, Inc.
Regulatory policies are encouraging automotive OEMs to use plastics, as a means
of reducing vehicular weight & improving fuel efficiency, to play a
prominent role in driving growth. Polycarbonate is a completely recyclable
polymer and is therefore favored as a substitute to PVC particularly in medical
devices. In comparison, PC resins offer greater tensile strength & flexural
modulus meaning they can be easily processed and even blended with other resins
such as styrenic copolymers and PBT.
In the
recent past, regulations aimed at reducing plastics wastage has encouraged the
role of recycling. PC resins being completely recyclable are expected to
benefit from such regulations, and in turn, ease up global supply constraints.
Electrical
& electronics and transportation remained dominant application markets, and
the segments together accounted for nearly half of the overall consumption in
2015. In the electronics sector, polycarbonate is widely used for producing
power housings, connectors, household appliances and battery boxes.
Furthermore, the resin’s optical clarity has led to its usage in headlamps,
face shields, laminates, and windshields.
Full Research Report On Polycarbonate Market Analysis:
www.grandviewresearch.com/industry-analysis/polycarbonate-market
www.grandviewresearch.com/industry-analysis/polycarbonate-market
Further key findings from the report suggest:
·
The global polycarbonate market demand
exceeded 4.30 million tons in 2015 and is expected to reach 7.72 million tons
by 2024, growing at a CAGR of 6.9% from 2016 to 2024
·
Asia Pacific offer tremendous opportunities
for manufacturers as resin requirements from automotive and construction
industries expected to rise significantly as a result of rising investments in
passenger car production and public infrastructure
·
China emerged as the leading consumer in
Asia Pacific and accounted for nearly 60% of the regional volume in 2015
·
Against the backdrop of slowing GDP growth,
China offers opportunities in the construction sector. New housing starts and
resuming civil projects as a result of monetary policy restructuring and
liquidity easing will be the primary demand driving factor
·
Global polycarbonate trade balance stood at
a deficit of USD 2.84 billion signifying concentration of production
activities. The U.S. was the leading exporter with trade value estimated at USD
1.22 billion in 2015.
·
In contrast, China was the largest importer
of PC resins with trade value estimated at nearly USD 4.0 billion in 2015.
During the same period, Chinese exports were valued at USD 650 million.
·
Diversifying operational presence remains a
key factor for producers. Establishing commercial supply agreements with
end-users such as automotive OEMs and electronics manufacturers remains crucial
for a stable consumer base
·
Key companies operating in the industry
include SABIC, Bayer, Lotte Chemicals, Mitsubishi, Chi Mei Corp., RTP Co., LG
Chem, and Idemitsu Kosan
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
polycarbonate market on the basis application and region:
Global
Polycarbonate Application Outlook (Volume, Kilo Tons; Revenue, USD Million;
2014 - 2024)
·
Transportation
·
Electrical & Electronics
·
Construction
·
Packaging
·
Consumer Goods
·
Optical Media
·
Medical Devices
·
Others
Global
Polycarbonate Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 -
2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
France
o
Germany
o
Italy
o
Russia
o
Spain
·
Asia Pacific
o
China
o
India
o
Japan
o
Korea
o
Taiwan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
Saudi Arabia
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-polycarbonate-market
www.grandviewresearch.com/press-release/global-polycarbonate-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
