Global Polycarbonate Market is Expected to Reach USD 18.39 Billion in 2019: Transparency Market Research
Albany, New York (PRWEB) August 21, 2014
According to a new market report published by Transparency Market Research "Polycarbonate Market for Automotive, Electronics, Construction, Optical Media, Packaging and Other (Medical Implants and Tableware) Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global polycarbonate market was valued at USD 12.15 billion in 2012 and is expected to reach USD 18.39 billion by 2019, growing at a CAGR of 6.1% from 2013 to 2019.
Polycarbonate, a thermoplastic polymer produced using BPA (Bisphenol A) and phosgene as the major feedstock. High tensile strength, high shatter resistance and high thermal stability than the traditional engineering plastics such as acrylic have been major factors driving demand for polycarbonate.
Browse the full Polycarbonate Market Report: http://www.transparencymarketresearch.com/polycarbonate-market.html
Polycarbonate helps in reducing the overall weight of the vehicle without compromising durability. Therefore increasing demand for light vehicles is expected to be a major factor driving demand for polycarbonate. In addition, easy sterilization and cleaning of polycarbonate have led to increase in demand for polycarbonate in packaging applications which is anticipated to be among the major factors driving demand for polycarbonate. Moreover, BPA is a derivative of crude oil; therefore volatile pricing of BPA has been restraining polycarbonate market growth. Furthermore, low scratch resistance of polycarbonate has also restrained polycarbonate market growth mainly in the automotive segment. Developing low cost scratch resistant polycarbonate is expected to offer huge growth opportunities in the market.
The demand for polycarbonate can be segregated into six major application segments: automotive, electronics, construction, optical media, packaging and others. Electronics, followed by automotives, are the dominant application segments for polycarbonate. The other application segment includes niche applications such as medical implants and tableware, among others.
Browse Press Release of Polycarbonate Market: http://www.transparencymarketresearch.com/pressrelease/polycarbonate-market.htm
Asia Pacific dominates the global demand for polycarbonate. Owing to high GDP growth in the emerging economies of India and China, Asia Pacific is anticipated to be the fastest growing region during the forecast period. Europe is another major regional segment in the demand side of the polycarbonate market. North America and RoW also show healthy demand figures majorly due to demand from various end-user segments such as automotives and electronics.
Some of the major industry participants include Bayer MaterialScience, SABIC Innovative Plastics, Styron, Mitsubishi Engineering Plastics Corporation, Teijin Limited, Chi Mei Corporation, Idemitsu Kosan Co., Ltd., Centroplast Engineering Plastics GmbH, Royal DSM, and Asahi Kasei Chemical Corporation among others. Most of these companies have a global presence and their distribution and supply divisions are driven by various supply agreements and joint ventures with end-user companies.
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This report segments the global polycarbonate market as follows:
Polycarbonate Market: Application Analysis
- Optical media
- Others (Including medical implants, tableware, etc.)
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Polycarbonate Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World
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