Polycarbonate Market to be Worth US$19.6 bn by 2020 due to Rising Demand in Automotive

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Leading market intelligence firm Transparency Market Research has announced the release of a new research study, titled ‘Polycarbonate Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020’. The report projects the global polycarbonate market to exhibit a steady 6.20% CAGR from 2014 to 2020 to rise from a valuation of US$12.8 bn in 2013 to close to US$19.6 bn by 2020.

Polycarbonates are a type of thermoplastic polymer that offer a combination of favorable properties such as transparence, high impact resistance, and easy molding. As a result of the latter in particular, they can be shaped into diverse shapes and thus used in several applications. Due to their high impact resistance, the global polycarbonate market has found rising demand from the booming consumer electronics and automotive industries.

In the automotive industry, polycarbonates are used in various applications to provide high impact resistance and durability at lower weights than conventional materials. Since polycarbonates can bend significantly without breaking, their usage is rising in automotive design to make the car safer. The rapid rise of the global automotive industry in recent years, aided by the rising levels of disposable income worldwide and increasing industrialization in several developing countries, has thus propelled the global polycarbonates market significantly. The demand for polycarbonates is mainly driven by the rising production of light passenger cars, which are being bought in increasing numbers in developing countries such as India, China, and South Korea.

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The report presents data regarding the market’s performance in all these regional segments over the review period and provides studied forecasts about the market’s expected growth trajectory in these regions over the forecast period. The report also profiles major players in the global polycarbonate market such as Bayer MaterialScience, Teijin Ltd., Mitsubishi Engineering-Plastics Corporation, Idemitsu Kosan Co. Ltd., Asahi Kasei Chemical Corporation, and Royal DSM.

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