Pune, 5, Dec 2022: According to Maximize Market Research, the Polycarbonate Market is expected to be worth USD 15.8 billion by 2029, with a 5.7% CAGR. Growing application of polycarbonate in the automotive industry boosting the Polycarbonate Market growth across the world.
Polycarbonate Market Scope and Research Methodology
The product type, application, and geographic regions are used to segment the polycarbonate market. The growth of various strategies to help discover primary application areas and the difference in the target market is made possible by the growth of distinct segments, which aids the clients in learning about the numerous growth variables expected to be prevalent across the market. The report offers a thorough study of the market and includes insightful information, actual details, historical data, and market statistics that have been scientifically backed and approved by the relevant industries. Additionally, it contains projections based on the proper methodology and set of assumptions.
The market size has been estimated using a bottom-up methodology. Secondary research is used to identify the major players in the polycarbonate industry, and primary and secondary research is used to estimate their market revenues. While primary research involved interviews with significant opinion leaders and industry experts such as competent front-line staff, business owners, and marketing specialists, secondary research included a review of annual and financial reports of top manufacturers.
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Polycarbonate Market Overview
Polycarbonates are formed with a cluster of thermoplastic polymers that contains carbonate groups in their basic chemical structure. It has a wide range of qualities, including resistance to moisture, high heat absorption, and chemical and electrical resistance. Additionally, it gives a substance thermal and oxidative stability. This substance is frequently utilized to create construction materials, automobile sector items, and electronic equipment. Its production is entirely recyclable and environmentally beneficial.
The market is expected to grow as polycarbonates are increasingly used in automotive applications. The extruded sheet has the highest rate of consumption among the different varieties of polycarbonates. Among other vehicle components, the materials are used in the construction of headlights, displaced glass, airbag covers, consoles, sunroofs, air vents, and small window panes. The market participants have the greatest potential for growth in the windows and windscreens category during the forecast period.
Polycarbonate Market Dynamics
Thanks to polycarbonate’s strong temperature resistance and suitability for usage in household goods and building projects, there is an increasing need for spike temperature resistance. For several hours, polycarbonate can endure temperatures up to 1166 degrees Fahrenheit without warping, cracking, or absorbing heat. Traditional glass is difficult to handle and more likely to break since it cannot withstand high temperatures and can instead absorb heat. Unlike acrylic, which is stronger, polycarbonate can endure higher temperatures for a longer period of time. From -20 to 140°C, polycarbonate maintains its properties without losing any of its properties. It gradually softens and flows above 155°C and has a glass transition temperature of roughly 147°C. The primary resin can be treated with UV stabilizers.
Regulations are essential in determining market dynamics and application trends. The emphasis on recycling methods has increased as a result of regulations directed at plastic waste and its disposal. Given that polycarbonate is a completely recyclable resin, this trend is expected to have a substantial impact on the material’s ability to serve as a plastic substitute.
Polycarbonate Market Regional Analysis
Asia Pacific had the greatest market share—more than 50.0%—in 2021 and is expected to increase at the highest annual pace. The rising demand for electronic goods and the established automobile industry are credited with the APAC region’s dominance. In addition, North America is anticipated to see a significant growth rate over the course of the forecast period. The growth of the automotive, healthcare, and electrical & electronics industries in the region, as well as the increased demand for these products, are all contributing to the growth rate seen in the region.
Polycarbonate Market Segmentation
By Product Type
- Sheets and Films
- Automotive lighting
- Automotive Others
- Optical media
- Appliances/ Houseware
- Consumer/ sports & recreation
Polycarbonate Market Key Competitors:
- Covestro AG
- Trinseo S.A.
- Teijin Limited
- Evonik Industries AG
- Suzhou Omay Optical Materials Co., Ltd.
- Plazit-Polygal Group
- Arla Plast AB
- 3A Composites GmbH
- Palram Industries Ltd.
- Ug-oil-Plast Ltd.
- Gallina India
- Koscon Industrial S.A.
- Isik Plastik
- Brett Martin Ltd.
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Key questions answered in the Polycarbonate Market are:
- What is the growth rate of the Polycarbonate Market for the forecast period?
- What is the nature of competition in the Polycarbonate industry in developed economies and developing economies?
- Who are the key players in the Polycarbonate Market?
- Who are the market leaders in Polycarbonate in Europe?
- Who are the market leaders in Polycarbonate in USA and Canada?
- Who are the market leaders in Polycarbonate in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Polycarbonate Market?
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