MarketResearchReports.biz has announced the addition of a new report, titled “Global Polycarbonate Plastic Market 2017 - 2021” to its offering. The report on global polycarbonate plastics offers in-depth insights into the key drivers and restraints, notable trends and emerging application areas, lucrative growth prospects, and recent advancements in manufacturing technologies,. The study provides an elaborate assessment of competitive landscape, recent offerings of key vendors, and the strategies adopted by them to consolidate their positions across major regions. It analyzes the factors influencing the growth of prominent segments and estimates the share and size of various segments.
The research study highlights major investment trends in research and development activities. The global market for polycarbonate plastic is projected to rise at a CAGR of 6.6% from 2017 to 2021. Major application segments of the polycarbonate plastic market are electrical and electronics segment, construction segment, optical media segment, and automotive segment. The major regional market for polycarbonate plastics are APAC, Europe, and North America.
The extensive demand for polycarbonate plastics in making automotive lighting parts is a primary factor driving the market. The growing use of polycarbonate plastics in making headlamp bezels, headlamp lenses, and light housings is expected to bolster its uptake. The rapid adoption of polycarbonate plastics in the automotive industry is driven by their several structural advantages such as being amazingly transparent, highly shatterproof, and being extremely light weight. These factors boost their use in making vehicle interiors parts and as thermoformed sheets for the cladding of railway cabins.
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The growing demand for the application of polycarbonate plastics in the electronics industry is a key trend gathering pace over recent years. The demand for militarization of various electric components and constant technological advancements in manufacturing process are seminal factors boosting the uptake of polycarbonate plastics in the industry. The substantial use of polycarbonate plastics is attributed to their characteristic properties such as being lightweight, highly insulating against electricity, and resistance against breakage and impact. Owing to these properties, polycarbonate plastics are used in cell phones, computers, pagers, and fax machines, thereby boosting their adoption in the electrical and electronic industry, especially in emerging markets such as India and China. Since China is fast emerging as a global manufacturing hub, this is expected to bolster the uptake of polycarbonate plastics in the national market. These factors also make APAC as a rapidly growing regional market. The APAC market for polycarbonate plastics is anticipated to grow at an impressive pace over the forecast period. Furthermore, the rapid pace of industrialization in the region is expected to significantly boost the regional market.
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The leading vendors in the polycarbonate plastics market are Samsung SDI, LG Chem Ltd., Chi Mei, Covestro, and Asahi Kasei Corporation. Some of the other prominent vendors vying for a sustained share include Trinseo, Mitsubishi Engineering - Plastics Corporation, Idemitsu Kosan, and Formosa Chemicals & Fibre Corporation.