(PRWEB) July 08, 2014
Polycarbonate (PC) resin is one of the dominant engineering plastics, which is gaining an image of commodity plastic due to the rising consumption of the product. The PC market is driven by replacing the plastics that don't possess the same optical properties or other physical attributes that PC possess. Increasing R&D efforts are expected to increase the efficiency of PC and other PC blends, making them suitable for a myriad of applications. The effectiveness of PC in automotive and electrical & electronics markets promises the growth of PC in the long-term future. Polycarbonate is highly recyclable that is an addition to the rest of its properties.
Polycarbonate has unique properties which makes it suitable for a variety of applications. It is difficult to substitute polycarbonate with any other thermoplastic in any particular application. The electrical and electronics, and automotive sectors are expected to be the major end-use demand segments in the global polycarbonate market in the future.
Most of the cars in Europe are equipped with polycarbonate headlamps, and this market will splurge in the future-making Europe a desirable hub for the polycarbonate market. The PC market in Western Europe had been valued at $2.2 billion in the year 2013, and is expected to grow at 5.6% annually. It is projected to reach $2.8 billion by the end of the year 2018. This market constitutes 16.6% of the global Polycarbonate market, and is poised to grow its market share to 15.5% by the end of year 2018.
Browse through the market data tables, figures and detailed ToC on the “Western Europe Polycarbonate (PC) Market”.
North American Polycarbonate (PC) Market
The polycarbonate market in North America had been valued at $1.8 billion in the year 2013, and is expected to grow at 5.3% annually. It is projected to reach $2.3billion by the end of the year 2018.
This market constitutes 14.0% of the global PC market, and is poised to grow its market share to 12.9% by the end of year 2018. The products from the PC market in North America are consumed in automotive, building & construction, consumer goods, automotive materials, optical media, medical, packaging, and electrical and electronics.
Asia-Pacific Polycarbonate (PC) Market
Rising demand of the product in China is currently driving the Asia-Pacific market’s demand for polycarbonate, followed by Japan and Taiwan, due to a strong demand from the electrical and electronics, automotive and optical application sectors. Production in China enjoys the advantage of relatively low operating costs, and as a result, a huge capacity polycarbonate capacity addition exists in the country.
The polycarbonate market in Asia-Pacific had been valued at $7.6 billion in the year 2013, and is expected to grow at 7.8% annually. It is projected to reach $11.0 billion by the end of the year 2018. This market constitutes 58.4% of the global PC market, and is poised to grow its market share to 60.3% by the end of year 2018.
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