Polycarbonate Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2015 To 2022
Global polycarbonate market is anticipated to witness high growth on account of
widespread use in various end-use industries including automotives, electrical &
electronics and construction. Polycarbonates can easily be molded and
thermoformed. Hence they are employed in the manufacture of plastic bottles in
the food & beverage industry. Furthermore, polycarbonate aids in the reduction of
overall weight of a vehicle. Growing demand for lightweight vehicles in various
regions is anticipated to boost demand for polycarbonate in the automobile
industry over the next seven years. Easy cleaning and sterilization coupled with
high tensile strength properties of polycarbonate material is anticipated to propel
its demand in the packaging sector. Development of inexpensive scratch resistant
polycarbonates is anticipated to open new market avenues over the forecast period.
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Asia Pacific was the largest polycarbonate market in the past few years and is
anticipated to be the fastest growing over the next seven years. Rapid
industrialization coupled with growing disposable income of consumers
particularly in India, Malaysia, China and Indonesia are anticipated to drive
polycarbonate market in Asia Pacific. In addition, increasing government
expenditure for infrastructural development particularly in China and India coupled
with positive outlook in the construction sector in North America particularly in
the U.S. is likely to propel polycarbonate market over the forecast period. Growing
automobile and electrical & electronic industry in North America and Europe is
expected to fuel polycarbonate demand in these regions.
However, rising threats from substitutes including polypropylene, polyesters and
polystyrene is likely to hamper market growth. In addition, raw material volatility
and technological challenges faced by polycarbonate manufacturers to develop
high quality and improved resins is expected to further challenge market growth
over the next seven years.
Key players present in the polycarbonate market include SABIC Innovative
Plastics, Bayer MaterialScience, Centroplast Engineering Plastics GmbH, Chi Mei
Corporation, Asahi Kasei Chemical Corporation, Mitsubishi Engineering Plastics
Corporation, Royal DSM, Teijin Limited, Idemitsu Kosan Co., Ltd., and Styron.
Most of the major companies have global presence and their supply and
distribution divisions primarily focus on M&As and joint ventures with various
end-use companies. In June 2014, Bayer MaterialScience consolidated its
polycarbonate sheet business through plant closures and divestments in Asia
Pacific and Europe.
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