Global Polycarbonate Resins Market: Overview
Polycarbonate resins are extensively used in electrical/electronic equipment and in several applications in the automotive industry. The unique combination of properties exhibited by polycarbonate resins makes it a material of choice for applications that need impact resistance. Its toughness along with transparency and high-temperature resistance makes it highly suitable for demanding transparent applications, where safety is of utmost importance. Therefore, polycarbonate resins are increasingly replacing glass for several applications such as medical equipment, electronics, roofing, and automotive among others.
The report presents an in-depth analysis of the global polycarbonate resins market based on current market trends, market indicators, and competitive structure. The analysis of the report presents a technological growth map over time to comprehend the industry growth rate. Using validated research tools and assumptions, the report presents a pin-point analysis of the changing competitive dynamics. This is expected to assist existing market players in increasing their market share and for new players to strategize to participate in this market.
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The report is prepared after primary and secondary research and inputs received from opinion leaders about the growth of this industry during the forecast period. The report is presented in a chapter-wise layout interspersed with an array of graphical representations for the SWOT analysis of major market segments. The report also provides an analysis of strengths, weakness, opportunities, and threats of the global polycarbonate resins market for the 2013-2019 period.
Global Polycarbonate Resins Market: Drivers and Restraints
The increasing acceptance for polycarbonate resins over other traditional glass fibers has been a major factor driving the polycarbonate resins market. Increased research and development leading to the increased application scope of polycarbonate resins is driving the demand for these resins.
However, the growth of the market is challenged due to several factors. The production of polycarbonate resins releases Bisphenol A, which is highly carcinogenic and has been a major restraint for the market’s growth. The increasing demand for polycarbonate resins in several niche segments such as medical equipment, blue ray discs is anticipated to present huge growth opportunities to the market in the coming years. Furthermore, due to environmental considerations, the development of bio-based polycarbonates is expected to present immense growth opportunities to this market.
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Global Polycarbonate Resins Market: Regional Outlook
The report segments the global polycarbonate resins market into the regional segments of North America, Europe, Asia Pacific, and Rest of the World. Of these, Asia Pacific has been leading the global polycarbonate market and the trend is anticipated to continue during the forecast period. The emerging economies of China and India display a significant demand for polycarbonate resins to support escalating urbanization and account for the major share of the Asia pacific polycarbonate resins market.
Asia Pacific is expected to be followed by Europe accounting for second-largest share in the global polycarbonate resins market. Moreover, increasing demand from the Middle East and South American countries will fuel the growth of the Rest of the World polycarbonate resins market.
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