Global Polycarbonate Market Report 2022 - Current Scenarios, Business strategy and Risk Analysis, Opportunities and Challenges.

Posted March 1, 2022 by RobertJamison_123

Polycarbonate is a high-performance thermoplastic polymer that is tough, transparent, and amorphous nature.

Market Overview:

Polycarbonate is a high-performance thermoplastic polymer that is tough, transparent, and amorphous in nature. It exhibits excellent properties such as moisture resistance, chemical, and electrical resistance and also offers thermal stability. It is produced by a step-growth polymerization process. Moreover, polycarbonate resins produced can be transformed into components by using injection molding and extrusion techniques.

The global Polycarbonate market to surpass US$ 29,600million by 2027, and is expected to grow at a CAGR of 6.1% during the forecast period.

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Market Drivers:

Increasing demand for the product from packaging applications is propelling the market growth of polycarbonate. Shifting preferences for the polymers in the packaging of food and beverages due to their durability is again expected to foster the market growth of polycarbonate. Also, increasing demand for high strength and quality products for packaging consumer goods and food products is further projected to accelerate the market growth of polycarbonate over the forecast timeframe.

Growing disposable income coupled with the increasing population around the globe is expected to foster the market growth of polycarbonate. The rise in the end-user industries across the developing region is also contributing to the market growth of polycarbonate. Also, a high GDP growth rate in the developing regions is again expected to propel market growth. In addition to this, growing awareness regarding the benefits of polycarbonate among manufacturers is further creating demand thereby fueling the market growth.

Market Opportunities:

Growing demand for bio-based polycarbonate due to growing environmental concerns is projected to offer lucrative opportunities in the near future. For instance, in January 2020, Covestro launched its first partially bio-based polycarbonate film. The carbon footprint of the new film material is relatively smaller than that of conventional, petroleum-based polycarbonate and more than 50% of its carbon content is sourced from starch, derived from widely available plant feedstock.

Increasing investment by key manufacturers in the development of the public infrastructure is projected to offer potential market opportunities. The development of the metro-rail projects and airports is creating a huge demand for polycarbonate resins from the construction industry. Moreover, the expansion of the mass transit systems is also expected to foster the demand for the products. Thus, growth in the construction industry is projected to accelerate the market growth of polycarbonate.

Major players operating in the market include SABIC Innovative Plastics, Teijin Limited, Chi Mei Corporation, Idemitsu Kosan Co., Ltd., Mitsubishi Engineering-Plastics Corporation, Styron, Centroplast Engineering Plastics GmbH, Bayer MaterialScience, Royal DSM, and Asahi Kasei Chemical Corporation.

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Issued By Robert Jamison
Country India
Categories Advertising
Tags market research , polycarbonate , research report
Last Updated March 1, 2022