2017 PC (Polycarbonate) On a Regional Scales Growth, Trends up to 2022: Orbis Research

Summary

Global PC (Polycarbonate) Market-Segmented by Product Type, End-user Industry and Geography-Trends and Forecasts (2017-2022).

Description

The Global PC (Polycarbonate) Market was valued at USD 12.93 billion in 2016 and is projected to reach USD 17.63 billion by 2021, at a CAGR of 6.4% during the forecast period 2016-2021.

Polycarbonate resins are tough thermoplastics produced by the reaction between Bisphenol A (BPA) and phosgene gas. Polycarbonate is an amorphous, ductile and transparent polymer with high tolerance to extreme temperatures. The UV resistance and chemical resistance makes it suitable for a variety of applications.

Global Polycarbonate Market is driven primarily by factors, such as the growth of electrical & electronics industry, growth of automotive & construction industries, abundant availability of shale gas reserves for natural gas production, etc. However, the market growth is restrained to a minimal extent by large capital requirements, availability of substitute products and stringent environmental regulations.

Global polycarbonate market is segmented on the basis of product type into PC resins, films, sheets, foams, blends and others. This market is further segmented on the basis of end-user industry into electrical and electronics, automotive, construction, aerospace & defense, medical equipment, optical devices, packaging and others.

Asia-Pacific, North America, Europe, South America and Middle-East & Africa are the geographical regions taken into consideration for this study. In terms of consumption in 2015, Asia-Pacific led the market with a share of XX.XX%. It was followed by North America and Europe.

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The increase in income among the middle-class population is increasing the demand for electronic components and automobiles in the Asia-Pacific, in turn making the region an area of immense potential and opportunities for the polycarbonate market. The growing demand of polycarbonate material for medical applications and in optical fibers across the world also offer numerous opportunities for the growth of the global polycarbonate market.

Market Drivers:

  • Growth of Electrical and Electronics Industry
  • Increased Consumption of Polycarbonates in the Automotive Industry
  • Abundant Availability of Shale Gas Reserves for Natural Gas Production
  • Wide Application Base

Market Restraints:

  • Decline in Optical Devices Industry
  • Availability of Substitute Products
  • Stringent Environmental Regulations

Market Opportunities:

  • Extensive Demand for Polycarbonate Glazing
  • Growing Demand for Optical Fibers in Communication Media
  • Innovative Potential in Medical Applications

Some of the major companies in this market are SABIC, 3A Composites, Covestro, PALRAM, Koscon Industrial S.A. and Trinseo, among others.

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