Global Polycarbonate Resin Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
“Global Polycarbonate Resin Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global polycarbonate resin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polycarbonate resin market report has been segmented on the basis of application and region.
Polycarbonate resins are derived from phosgene and bisphenol A, and are thermoplastic in nature. Polycarbonate resins hold various properties such as ductility, high strength, and are amorphous in nature. These resins are produced by using condensation process of bisphenol A and phosgene. These resins have been used across different industries such as roofing, electrical, films, medical, automotive, and electronics. Polycarbonate resins hold transparency, high-temperature resistance, and toughness, which is required for transparent applications wherever safety plays an important role.
These material is commercially available in three grades including extrusion grade, general purpose molding grade, and optical grade, and also includes two processes melt polymerization and interfacial polymerization. Melt polymerization technology is replacing tradition interfacial polymerization which is considered hazardous due to raw materials used in process.
Increasing demand for polycarbonate resins across various end-use industries such as electronics and electrical and automotive is a major factor estimated to drive growth of the global market over the next few years. In addition, increasing scope of its application in packaging industry is another factor estimated to support revenue growth of the global market over the next few years.
Various features offered by these composite materials such as ductility, high strength, and others is another factor expected to fuel adoption of these products, which in turn is estimated to fuel growth of the global market over the forecast period. Moreover, rising demand for environment friendly products is estimated to increase polycarbonate resins demand, which in turn anticipated to drive growth of the global market in the next few years.
However, increasing threat from substitutes such as copolyesters, polypropylene, and polystyrene is a major factor expected to hamper the market growth to certain extent
Asia Pacific polycarbonate resins market is estimated to account for major share in terms of revenue in the global market. In addition, Asia Pacific market is also projected to register fastest growth in terms of revenue over the next 10 years, owing to increasing demand from packaging and automotive industries in countries in this region. In addition, increasing investments by various electronics and electrical manufacturers in various countries such as India and China in Asia Pacific, and rising demand for these resin products from various other end-use industries are other key factors anticipated to drive growth of the Asia Pacific market in the next few years. The market in India is anticipated to account for major share in terms of revenue in the Asia Pacific market. In addition, easy availability of raw materials, low labor cost, and lack of stringent regulations are the major factors expected to support revenue growth of the target market in this region.
Global Market Segmentation:
Segmentation by application:
- Electrical & Electronics
- Optical Media
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- SABIC Innovative Plastics B.V.
- Bayer MaterialScience A/S
- Teijin Limited
- Mitsubishi Engineering-Plastics Corporation
- Chi Mei Corporation
- Formosa Chemicals & Fibre Corporation
- LG Chem, Ltd.
- Samyang Corporation
- Thai Polycarbonate Co. Ltd.
- Trinseo LLC
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