Polycarbonate Market Overview:
The Global Polycarbonate Market is presumed to garner USD 1 trillion during the forecast period (2018-2025) owing to the increasing demand from the end-use industries such as consumer goods, automotive, and electronics, asserts Market Research Future (MRFR). Polycarbonate can also be referred to as a thermoplastic polymer which occurs in a transparent crystalline form and exhibits great toughness and high impact strength at low temperature. Polycarbonates are resistant to moisture, resistant to chemical and electric, has better heat, and exhibit good thermal stability and oxidative.
Polycarbonate Market Increasing research & development activities along with growing focus on technological innovations expected to boost the growth of this market over the review period. On the other hand, global market growth is held back by increasing environmental concerns. Moreover, consistent price fluctuations in the raw material prices, due to changing crude oil prices, also anticipated to limit the growth of this market.
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Polycarbonate resins are tough thermoplastics which are produced by the reaction between bisphenol A (BPA) and phosgene gas. It is an amorphous, ductile, and transparent plastic that has high tolerance for extreme temperatures. Its chemical resistance makes it ideal for a variety of applications. These characteristics coupled with its transparency and light-weight features leads to its extensive usage in diverse industrial and commercial sectors as well as aesthetically appealing components in the automotive & transportation sector. Apart from this, niche application areas like safety equipment and industrial machinery are likely to gain demand in future.
Polycarbonate Market Key Players:
The key players making a name in the polycarbonate market are Asahi Kasei Chemical Corporation (Japan), Idemitsu Kosan Co. Ltd. (Japan), Covestro (Germany), Teijin Limited (Japan), Mitsubishi Engineering Plastics Corp. (Japan), LG Chemicals (South Korea), EVONIK INDUSTRIES AG (Germany), Formosa (U.S.), SABIC (Saudi Arabia), and Bayer AG (Germany), among others.
KBR Inc. has been awarded a license and engineering and a proprietary equipment supply contract by China Pingmei Shenma Group (PMSM) in order to build two new polycarbonate plants in Kaifeng and Pingdingshan in the Henan Province in China. The contract dictates that both 100,000 metric tons per year (m.t./yr) plants will utilize KBR’s proprietary phosgene-based interfacial polycarbonate technology as part of its overall polycarbonate strategy. The company fully intends to expand its total production capacity to 800,000 m.t./yr.
Polycarbonate Market Regional Analysis:
Geographically, the polycarbonate market span across five major regions namely, Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America.
Among all the regions, Asia Pacific region is presumed to dominate the global polycarbonate market. The growth is attributed to the rapid industrialization in this region. Moreover, funding for transportation and infrastructure and favorable government policies are likely to foster the market growth in this region. Also, growing disposable income, changing lifestyle, and shifting consumer trends are favoring the packaging and automotive industry, which is anticipated to fuel the growth of the regional market.
The North American region is estimated to hold the second position in the global market owing to a steady rise in the use of polycarbonate in packaging and automotive industry, and in reconstruction activities.
Europe is considered to hold a significant share in the global polycarbonate market due to the use of such materials in the industrial and automotive application.
Polycarbonate Market Table Of Contents to be Continue…….,
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