Polycarbonate resins are
thermoplastics with high transmission properties. The resins possess higher
tensile strength & temperature resistance than the conventional glass and
are comparatively lighter in weight. Hence, polycarbonate resins are
increasingly substituting glass in several applications such as roofing,
medical equipment, electronics and automotives among others.
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Polycarbonate resins offer numerous
benefits over the traditional glass fibers and hence, have higher acceptance
which has been a major factor driving market growth. Increased research &
development has led to increase in the number of application scope for
polycarbonate resins thus, driving the demand for these resins. Bisphenol A, a
highly carcinogenic material, is produced as a residue during the manufacturing
of polycarbonate resins which has been a major restraint for market growth.
Increasing demand in various niche segments such as blue ray discs, medical
equipment, is expected to offer huge growth opportunity for the market in the
near future. Furthermore, the emergent product segment of bio based
polycarbonate resins are also expected to offer huge growth opportunity for the
industry.
Asia Pacific has been dominating the
global polycarbonate market and the trend is expected to continue in to the
forecast period. Demand for polycarbonate resins in Asia Pacific is mainly
driven by the emerging economies of India and China, which constitute a major
share of the demand in the region. Europe is expected to be the second largest
market for polycarbonate resins for the next six years. Increasing demand from
Middle East and South American countries is expected to drive the demand in the
RoW region. RoW is expected to witness substantial growth in the near
future.
Some of the market players in the
polycarbonate resins market include Mitsubishi Engineering-Plastics
Corporation, Formosa Chemicals & Fibre Corporation, SABIC IP, Lg Chem,
Bayer Material Science, Mitsubishi Gas Chemical Co., Teijin Ltd. and Styron
among others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report is a complete study of current
trends in the market, industry growth drivers, and restraints. It provides
market projections for the coming years. It includes analysis of recent
developments in technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review of micro
and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
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