Global Polycarbonate Market Size, Shares, analysis & trends up to 2020
Global polycarbonate market was valued at USD 13.50 billion in 2014, and is expected to reach USD 18.50 billion in 2020, growing at a CAGR of 5.8% between 2015 and 2020
Polycarbonate is a thermoplastic polymer and produced using phosgene and bisphenol A (BPA). The trade names for polycarbonate are Lexan and Marolon. The polycarbonate material is optically transparent. It has unique properties such as clarity, safety, durability, versatility, thermo-formation, shatter and heat resistance. It further supports extrusion and injection molding technique to develop the products with various shapes and sizes. This material is widely used in the engineering and various applications. It is a high performance, eco-efficient material and sustainable utilized in a large variety of applications. Products made from polycarbonate include spectacle lenses, medical devices, leisure articles, sheets for roofing and glazing, and food contact materials. It is also employed for manufacturing the power distribution components, electrical chargers, connectors, and lighting appliances. Increasing demand for polycarbonate in food and beverage industry and medical packaging is anticipated to boost market growth.
Browse the full "Polycarbonate Market for Electronics, Packaging, Construction, Automotive, Optical Media and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/polycarbonate-market-z49436
Automotive industry, electronics, construction, optical media, packaging industry and others are the key application of the global polycarbonate market. In terms of total volume of the polycarbonate, the electronics was the dominating application segment for the year 2014. There is increasing demand for polycarbonate to produce powerful components in the automotive industry. Recently, automotive industry has become major segment attributed to the large consumption of polycarbonate as it helps to reduce the weight of vehicle and increases the fuel efficiency and reduces environmental impact. These facts are driving the demand for polycarbonate in the automotive sectors.
Asia-Pacific was the largest regional market for polycarbonate and it accounted for over 65% share of the total demand in 2014. Europe was the second largest market for polycarbonate in 2014. This is due to the high demand for polycarbonate for light weight and high strength material for the automotive and electronics application in this region.
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Some of the key player in the polycarbonate market includes Bayer MaterialScience AG, Mitsubishi Engineering-Plastics Corporation, Trinseo (Styron), and Teijin Limited, SABIC Innovative Plastics, Chi Mei Corporation, Royal DSM, Centroplast Engineering Plastics GmbH, Aashi Kasei Chemical Corporation, Idemitsu Kosan Co., Ltd. and amongst others.
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