Polycarbonate is a composition of crystalline thermoplastic molecules. The polycarbonate is produced through the blending of other polymers such as polyester, ABS, etc. to be used in various application segments. The technological advancement in the processing techniques and availability of variety of options such as injection molding, extrusion, foam molding, etc., is offering enhanced application areas of polycarbonate in different industries that would expedite the market growth in the years to come.
According to MarkNtel Advisors’ research report titled “Global Polycarbonate Market Analysis, 2020”, the Global Polycarbonate market is anticipated to grow at a CAGR of around 7% during 2020-25. The increasing demand for polycarbonate from the end-user industries such as electronics and electrical, automotive, construction, medical devices, and consumer good, among others is spurring the market growth.
The automotive segment dominated the global Polycarbonate market during 2015-2019, followed by the electronics industry segment, as stated in the MarkNtel Advisors’ research report on “Global Polycarbonate Market Analysis, 2020”. The two segments together accounted for around 50% market size of the over end-user application market.
The flexibility, lightweight properties, and high heat resistance and chemical resistance power of the polycarbonate is making it highly applicable for the designing of the interior and exterior components of automobiles. The improvement in the economic conditions and living standards of the population in the Asia-Pacific is contributing to the growth of luxury passenger vehicles. Moreover, the changing regulatory framework for the production of lightweight automotive is making the hydro plastic polymers a preferable choice over the glass.
The intensifying demand for luxury passenger cars across the emerging and developed nations is expected to galvanize the global polycarbonate demand in the future, and thus maintain persistent growth in the segment.
According to MarkNtel Advisors’, some the of key competitors operating in the Global Polycarbonate market include SABIC, Mitsubishi Engineering Plastics Corp., Convestro AG, Lotte Chem, Teijin Limited, Trinseo SA, LG Chem, and Chi-Mei Corporation. The low labor cost and easy availability of raw inputs in the Asia-Pacific countries is creating a surge in the China and Indian markets.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Polycarbonate Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold (Million Tons).
Q. What would be the growth rate or CAGR of Global Polycarbonate Market during 2020-25?
A. The growth rate of Global Polycarbonate Market during 2020-25 is forecast to be around 7%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Polycarbonate Market?
A. SABIC, Mitsubishi Engineering Plastics Corp., Convestro AG, Lotte Chem, Teijin Limited, Trinseo SA, LG Chem, Chi-Mei Corporation are few of the leading players in the Global Polycarbonate Market.
Q. Does the report scope cover Global Polycarbonate type wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Polycarbonate type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which segment would emerge as an opportunity area for players in Global Polycarbonate Market?
A. The automotive segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Polycarbonate Market.
