Polycarbonates (PC) Market Scope
Polycarbonates are a group of thermoplastic polymers containing carbonates group in their chemical structures. Polycarbonates used in engineering are strong, though materials and some grades are optically transparent. Polycarbonates are easily worked, melded, and thermoformed. Polycarbonates are mainly used for an electronic application that capitalizes on their collective Safety features. Polycarbonate has high strength making it resistant to impact and fracture, and further providing safety and comfort in applications that demand high reliability and performance. Polycarbonate is an extremely clear plastic that can transmit over 90% of light like glass. The increased use of polycarbonate that is resistant to sunlight, rain, and snow this factor is driving the market, and the High price of polycarbonate this factor may restrain the market.
|Unit||Value (USD Million)|
|Key Companies Profiled||CS Hyde (United States), The Mitsubishi Chemical Group of companies (Switzerland), RTP Company (United States), Avient Corporation (United States), LyondellBasell Industries Holdings B.V. (Netherlands), ALBIS Distribution GmbH & Co. KG (Germany), BASF SE (Germany), CHANGZHOU JINLIBAO PLASTIC CO., LTD (China), Celanese Corporation (United States) and Dow (United States)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Polycarbonates. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Polycarbonates (PC) market throughout the predicted period.
CS Hyde (United States), The Mitsubishi Chemical Group of companies (Switzerland), RTP Company (United States), Avient Corporation (United States), LyondellBasell Industries Holdings B.V. (Netherlands), ALBIS Distribution GmbH & Co. KG (Germany), BASF SE (Germany), CHANGZHOU JINLIBAO PLASTIC CO., LTD (China), Celanese Corporation (United States) and Dow (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are E-Polymer.,Ltd (China), Eastman Chemical Company (United States), EnCom Polymers (United States), Global Polymers LLC. (United States), Idemitsu Kosan Co.,Ltd. (Japan), Lehmann & Voss & Co. (Germany), LG Chem (South Korea), NIPPON A&L INC. (Japan), Polykemi (Sweden), Reliance Industries, SABIC (Saudi Arabia), SHINKONG SYNTHETIC FIBERS CORP (China) and Trinseo (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Polycarbonates (PC) market by Type , by Application (Electrical & Electronics (E&E), Automotive and Transportation, General Industries / Packaging, Construction, Medical and Others) and Region with country level break-up.
On the basis of geography, the market of Polycarbonates (PC) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn January 2022, Trinseo a global solution provider and manufacturer of plastics and latex binders acquired Healthland B.V., a leading collector and recycler of post-consumer and post-industrial plastic wastes in Europe.
In November 2022, SABIC launches a polycarbonate-based copolymer resin that achieves the highest comparative tracking index and delivers low-temperature ductility, good dimension stability, excellent heat resistance, good durability and weather resistance and flame retardance.
Influencing Trend:Rapid growth in the e-commerce industry and online shopping apps translating into revenue and Rising economic and industrial manufacturing activities
Market Growth Drivers:Increasing polycarbonate demand in the electronic and automotive industry, Growing demand for polycarbonate resins in the construction and Increasing Disposable Income across the Globe
Challenges:High-temperature manufacturing process that Effects human health issues
Restraints:High price of polycarbonates
Opportunities:Growing demand from the medical industry for polycarbonates and Rising government initiatives and investment in energy and residential & commercial construction projects
Key Target AudiencePolycarbonate Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries