Polycarbonate Resins Market to see a strong growth and are estimated to reach USD 17,730.05 million in 2021

Growing demand from the automotive and the electronics industry to heighten the demand for polycarbonate resins and fuel the market to cross the $17Bn mark by 2021.

According to the report “Polycarbonate Resins Market: By Application (Packaging, Automotive, Building and Construction, Paints and Coatings, Electronics and Electrical (Incl. Optical Media & Lighting), Medical and Laboratory, Consumer Goods and Others) & Geography -Forecast (2017-2021)” published by IndustryARC, estimates the market to reach $17,730.05 million by 2021.

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Polycarbonate is a low density, high-performance thermoplastic polymer that is characterized by uniformity in excellent dimensional stability, high thermal resistance, optical clarity and abrasion resistance. Due to its versatile properties, polycarbonate resins are used in varied fields. It also leads to high consumption of polycarbonate resins, which is attributed to the classification of polycarbonate resins between engineering and commodity plastics. These are prepared using a step-growth polymerization process called the condensation process, PC is used in applications as varied as electrical and electronics, optical media and automotive.

The global polycarbonate resins market is estimated to grow at a CAGR of over 4.74% during the forecasted period and will reach $17,730.05 million in 2021. The growing demands for electronic and automotive applications are poised to drive the global polycarbonate resins market in the forecast period. This report segregates the polycarbonate resins market on the basis of grade of polycarbonate resins and by their applications. On the basis of grade, the PC resins market is segmented into injection molding, UV stabilized and optical among others. Going by the applications that PC resins are used in, the market has been classified into packaging, automotive, building and construction, data storage, paints and coatings, electronics and electrical, optical and medical & laboratory among others.

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APAC is forecast to hold the largest market revenue share during the complete forecast period due to the large number of manufacturing units of polycarbonate resins in this region. China dominates the market for polycarbonate resin in APAC, while Americas is the second largest market share holder in the Polycarbonate resins market.

The Prominent Players in this Market Include

  • Covestro AG
  • Saudi Basic Industries Corp.
  • Teijin Ltd.
  • Trinseo SA
  • Formosa Chemicals & Fiber Corp.

Competitive landscape for the polycarbonate resins industry provides the profiling of market players with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Covestro AG and SABIC are amongst the key market players in the polycarbonate resins market. Teijin Ltd., Trinseo SA and Formosa Chemicals & Fibre Corp. through their broad range of products, product expansion and innovation have been successful in catering to a variety of customers, consequently maintaining their market hold in their respective regions.

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