Global Polycarbonates Market was valued at US$ 16.4 Bn in 2019 and expected to reach US$ 27.14 Bn by 2026, at a CAGR of 6.5% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Polycarbonates Market Dynamics
Polycarbonates are a group of thermoplastic polymers containing carbonate groups. It is a thermoplastic polymer that occurs in a transparent crystalline form. Polycarbonate can be effortlessly prepared through the standard infusion trim and expulsion strategies so as to deliver segments with amazing dimensional security. Polycarbonate is a totally recyclable polymer and is in this way held as a substitute to polyvinyl chloride, especially in medicinal gadgets.
Polycarbonates are high-performing thermoplastics that are highly suitable in building and construction applications. Polycarbonate material possesses properties, such as lightweight, high optical clarity, durability, excellent thermal stability, high-impact and high-heat resistance, high transparency, cold formability, and also possess excellent flammability resistance, making it one of the most used plastic types in construction applications. In the automotive industry, polycarbonate sheet technology is used in a wide range of structural, safety, and aesthetic applications. Growing demand for lightweight vehicles in the automotive industry is likely to favor the growth of the market.
Furthermore, the rising inclination of automotive manufacturers of substituting glass with lightweight polycarbonate sheets is expected to hamper the market share of glass in the automotive glazing industry.
The electrical and electronics industry, flame retardance, and better di-electric properties have led to the use of polycarbonate in a vast number of consumer electronics. Increasing demand for polycarbonate films from the electrical & electronics industry is the major driver for the growth of the polycarbonate market. However, volatile raw materials prices are anticipated to limit growth during the forecast period.
Global Polycarbonates Market segment Analysis
In the automotive and construction industries, the increasing use of polycarbonate sheet is driving the market growth. The Asia Pacific offers stunning opportunities for manufacturers as polycarbonate requirements from automotive and construction industries are expected to rise significantly as a result of rising investments in passenger car production and public infrastructure. China is the most dominant market in the region. In addition, rapid development in the electronics industry is driving the demand for polycarbonate in consumer electronics applications in the region.
Global Polycarbonates Market Regional insights
North America is expected to be the second-largest market, with the U.S. as the largest country-level market due to the rise in the use of polycarbonate materials in reconstruction activities and the automotive and packaging industries. Europe is also a significant market for polycarbonate, with the markets in the U.K., France, Germany, Italy, and Belgium leading the region.
The report covers the total market for polycarbonate has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Global Polycarbonates (PC) Market, Key Highlights:
• Global Polycarbonates (PC) Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Polycarbonates (PC) Market
• Global Polycarbonates (PC) Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Polycarbonates (PC) Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Polycarbonates (PC) Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Polycarbonates (PC) Market are also profiled.
Scope of the Polycarbonate Market: Inquire before buying
Global Polycarbonate Market, by Application
• Optical Media
• Other (Medical Implants and Tableware)
Global Polycarbonate Market, by Region
• North America
• Middle East & Africa
• South America
Global Polycarbonate Market Key Players
• Teijin Limited
• Mitsubishi Engineering Plastics Corp.
• LG Chemicals
• Evonik Industries AG
• Asahi Kasei Chemical Corporation
• LOTTE Chemical CORPORATION
• Chi Mei Corporation
• RTP Co.
• Idemitsu Kosan Co. Ltd.
• Bayer AG
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