06-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Polycarbonate (PC) Resins Market By Type (Polycarbonate (PC) and Resins) and By Application (consumer packaging, electrical & electronics, optical media, films, automotive, medical and others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Polycarbonate (PC) Resins market in 2019 was approximately USD 19,971 million. The market is expected to grow at a CAGR of 7.27% and is anticipated to reach around USD 32,558 million by 2026.
Polycarbonates are thermoplastic polymers that occur in crystalline, transparent form, they are lightweight and thermoplastic in nature. They are packed with various properties such as outstanding electrical resistance, optical clarity, toughness, high heat resistance, and dimensional stability. Polycarbonate segments with good dimensional security can be prepared from expulsion strategies and standard infusion trim methods. Polycarbonates are recyclable polymers and are commonly used as a substitute for polyvinyl chloride.
Polycarbonate resins are gleaned from phosgene and bisphenol A, using the condensation process also known step-growth polymerization. Polycarbonates are majorly used in electrical & electronics, medical gadgets, automotive, optic media, and consumer industry. The global Polycarbonate Resins market is projected to reach USD 32,558.1 million by 2025, from USD 19,971.4 million in 2018 and is anticipated to register a CAGR of 7.27% between 2019-2025.
Browse the full “Polycarbonate (PC) Resins Market By Type (Polycarbonate (PC) and Resins) and By Application (consumer packaging, electrical & electronics, optical media, films, automotive, medical and others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/polycarbonate-pc-resins-market-by-type-polycarbonate-pc-661
Bolstering of the electronic and automotive industry is anticipated to positively impact the growth of electronic and automotive industries in the forecast period. Increased awareness and consumption of environment-friendly products are expected to drive the growth of polycarbonate resin market.
Owing to its superior properties like recyclability and toughness PC provides a competitive edge over traditional material like PVC, PET, and PE. Recent innovations in the field of automotive and medical technology are projected to propel market growth even further.
However, access to license and huge initial investment may create challenges for market growth. In Addition, the threats of substitutes such as polypropylene, co-polyesters, and polystyrene may hamper the market’s growth. Conversely, rising demand for blu-ray discs and in bolster in the automotive industry in recent years is projected to bring lucrative opportunities for the polycarbonate resin industry.
The Polycarbonate (PC) Resins market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into Phosgene and Non-Phosgene. Phosgene in this segment held the major market shares of 53.16% in 2019 with a CAGR of 6.23% over the forecast period. However, Non-Phosgene is the fastest growing based on the type with a CAGR of 8.37% and is expected to outgrow Phosgene by the end of 2025. This growth of the Non-Phosgene segment is primarily attributable to the high toxicity of the phosgene process.
In terms of Application segmentation, the market is bifurcated into consumer packaging, electrical & electronics, optical media, films, automotive, medical and others. The automotive industry held the largest market share of the global polycarbonate resins market in terms of application, owing to the huge boost in the automotive industry worldwide.
With approximately 56% of market share, the Asia-Pacific region dominated the global market of polycarbonate resins and was accounted for USD 11,251 million in 2019. Shifting of various western polycarbonate resin end-use industries to the Asia Pacific region owing to lack of stringent regulations, easy availability of raw materials and low labor cost are the major factors driving the PC market growth in the APAC.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 19,971 Million |
Projected Market Size in 2026 |
USD 32,558 Million |
CAGR Growth Rate |
7.27% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Trinseo S.A., Teijin Ltd., Bayer Material Science AG, Mitsubishi Engineering – Plastic Corporation, SABIC Innovative Plastic, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Samyang Corporation, and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Some of the essential players operating in the Polycarbonate (PC) Resins market, but not restricted to includeTrinseo S.A., Teijin Ltd., Bayer Material Science AG, Mitsubishi Engineering – Plastic Corporation, SABIC Innovative Plastic, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Samyang Corporation and others.
This report segments the Polycarbonate Resin market as follows:
Global Polycarbonate (PC) Resins Market: By Type Segmentation Analysis (Customizable)
Global Polycarbonate (PC) Resins Market: By Application Segmentation Analysis (Customizable)
- consumer
- Packaging
- Electrical & Electronics
- Optical Media
- Films
- Automotive
- Medical
- Others
Global Polycarbonate (PC) Resins Market: Regional Segmentation Analysis (Customizable)
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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