Polycarbonate Market Demand, Application, Share, Size by 2025

Posted by Edward on August 29th, 2019

Polycarbonate Market Overview:

On the flip side, because of its chemical property, polycarbonate is recommended only for those products that are used only once and not repeatedly. However, the overall market is bound to remain unaffected by this restraining factor as manufacturers are now designing items not just for household but also for laboratories owing to its resistance to temperatures and its flexibility.

Polycarbonate Market Key Players:

The major players operating the global market are;

  •          Covestro (Germany)
  •          SABIC (Saudi Arabia)
  •          EVONIK INDUSTRIES AG (Germany)
  •          Bayer AG (Germany)
  •          Teijin Limited (Japan)
  •          LG Chemicals (South Korea)
  •          Formosa (U.S.)
  •          Mitsubishi Engineering Plastics Corp. (Japan)
  •          Asahi Kasei Chemical Corporation (Japan)
  •          Idemitsu Kosan Co. Ltd. (Japan)

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Polycarbonate Market Regional Analysis:

The global polycarbonate market is geographically segmented into five major regions—North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America.

On the other hand, North America is expected follow APAC with the second-largest market. In the region, the United States (U.S) is the largest country-level market owing to a steady rise in the use of polycarbonate materials in reconstruction activities along with the automotive and packaging industries.

Europe is making similar strides, with the markets in the United Kingdom (U.K), France, Germany, Italy, and Belgium leading the region. The growth of the regional market can be attributed to the use of polycarbonate in automotive and many other industrial applications.

Lastly, the markets in the Middle East and Africa and Latin America account for a relatively smaller market share; however, these markets are likely to grow in the coming years owing to growing economy and increasing industrialization.

Polycarbonate Market Segmentation:

The global polycarbonate market has been segmented on the basis of application and region.

By mode of application, the global polycarbonate market has been segmented into electrical and electronics, medical devices, packaging, consumer goods, building and construction, automotive, and others. Among all the regions, the electrical and electronics sector is estimated to remain the key application area during the review period. Polycarbonates are extensively used for producing connectors, power housing, battery boxes, and household appliances which is considered to propel the market growth in the coming years.

Polycarbonate Market Table of Content to be Continue…….,

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Edward

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Edward
Joined: April 9th, 2019
Articles Posted: 128

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