Polycarbonate Resin Market Analysis
China and the U.S. collectively occupied over 45% of global polycarbonate resins market in 2014
Polycarbonate Resins are a type of thermoplastic resins which are formed out of ring structured aromatic polycarbonate combinations. These resins are known for their exceptional mechanical properties, and their heat and freeze resistance attributes as well. Polycarbonates find their applications in engineering are tough materials and some grades are optically transparent. Polycarbonates are also good electrical insulators and possess flame retardant properties. The material is commercially available as three broadly classified grades; injection molding, UV stabilized and optical.
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Overall, the Global Polycarbonate Resin Market is estimated to Reach 6.25 Million Tons in production volume by 2020.Polycarbonates dominated the market for vehicle headlamp covers for more than a decade. Now with advanced tools and machinery, polycarbonate glazing is being molded into even larger parts which saves considerable weight and offers better design and styling. With the demand for fuel efficient automobiles resulting in the increased demand for lighter automobile parts, the automotive sector will be the second largest contributor to revenues for polycarbonate, but is the fastest growing market. With the increased demand for consumer electronics, moderate to good revenue growth rates for the polycarbonates industry can be projected for at least the next five years.
Market for Polycarbonate Resins is present throughout the Americas, Europe, Asia-Pacific and Rest of the world. It is dominated by countries such as the U.S., China, Japan and Western European nations such as U.K., France, Germany and so on. China and the U.S. collectively occupied over 45% of market in 2014. Due to the existence of developing economies of India and China which are exhibiting high adoption rates of polycarbonate, APAC is forecasted to exhibit the fastest growth in various applications.
Apart from a detailed segmentation of the entire market, the overall Polycarbonate Resin Market in this report is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled in the most organized format.
The most popular brands of Polycarbonate Resins in the market are:
· Koninklijke DSM N.V.
· Bayer MaterialScience AG
· Mitsubishi Engineering-Plastics Corporation
· LG Chem
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