Covina, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Polycarbonate is a versatile and widely-used thermoplastic polymer known for its exceptional combination of properties, including high impact resistance, transparency, heat resistance, and dimensional stability. It was first synthesized in the mid-20th century and has since found applications in a variety of industries.
Polycarbonate is used in a wide range of industries, including automotive, electronics, construction, and medical devices. The growth of these industries, especially in emerging markets, is expected to drive the demand for polycarbonate market.
Key Highlights –
- In September 2023, SABIC and Sinopec launched mass polycarbonate production plant for Greater China region. The new PC factory, with a 260 kT annual designed capacity, is meant to be a key component of SABIC's PC expansion strategy in China, opening up possibilities for additional partnerships with both local and international clients.
Analyst View –
Increasing environmental concerns have led to a growing demand for sustainable materials. Polycarbonate is recyclable and has a lower environmental impact compared to some other plastics, making it an attractive option for companies looking to reduce their carbon footprint.
Detailed Segmentation:
Report Scope:
| Attribute | Details |
| Base year for estimation | 2020 |
| Forecast period | 2020 – 2030 |
| Market representation | Revenue in USD Million & CAGR from 2020 – 2030 |
| Market Segmentation | By Product Type- Sheets and Films, Fibers, Blends, Tubes, and Other Product Types By End-user Industry– Automotive and Transportation, Electrical and Electronics, Construction, Medical, and Others |
| Regional scope | North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Request sample link:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4128
Properties and Uses:
- Mechanical Strength: Polycarbonate exhibits exceptional impact resistance, making it suitable for applications that require durability.
- Optical Clarity: It has good optical properties and is often used for products where transparency is essential.
- Heat Resistance: Polycarbonate can withstand high temperatures, making it a valuable material for applications exposed to heat.
- Chemical Resistance: It resists many chemicals, further expanding its application possibilities.
Market Trends:
- Sustainability: The polycarbonate market is influenced by the trend towards more sustainable materials and processes. Bio-based polycarbonates and recycling initiatives are emerging to reduce the environmental impact of polycarbonate production and disposal.
- Increasing Demand for Lightweighting: In industries like automotive and aerospace, there's a growing demand for lightweight materials to enhance fuel efficiency and reduce emissions. Polycarbonate's lightweight and high-strength properties make it a candidate for these applications.
- Technological Advancements: Ongoing research and development are aimed at improving the properties of polycarbonate and expanding its potential applications. This includes efforts to enhance its UV resistance, reduce flammability, and increase chemical resistance.
Request Free Pdf copy of the report:
https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/4128
Challenges:
- Environmental Concerns: While polycarbonate is a versatile material, its production process can generate greenhouse gas emissions. Addressing these environmental concerns is a challenge for the industry.
- Competition from Alternative Materials: Polycarbonate faces competition from alternative materials, such as glass, other plastics, and composites, depending on the specific application.
Competitive Landscape:
The prominent player operating in the global polycarbonate market includes,
- Chi Mei Corp.
- Covestro AG
- Formosa Plastics
- Idemitsu Kosan
- LG Chem Ltd.
- Lotte Chemical Corporation
- Mitsubishi Engineering Plastics Corporatio
- (Mitsubishi Chemical Corporation)
- Saudi Basic Industries Corp. (SABIC)
- Samyang
- Teijin Limited.
Request Customization:
https://www.prophecymarketinsights.com/market_insight/Insight/request-customization/4128
Browse Other Related Research Reports from Prophecy Market Insights:
- Sodium Hydroxide Market - Trends, Analysis, and Forecast till 2029
- Steel Scrap Market - Trends, Analysis, and Forecast till 2029
- Sorbitian Palmitiate Market - Trends, Analysis, and Forecast till 2029
About Prophecy Market Insights:
Prophecy Market Insights is a leading provider of market research services, offering insightful and actionable reports to clients across various industries. With a team of experienced analysts and researchers, Prophecy Market Insights provides accurate and reliable market intelligence, helping businesses make informed decisions and stay ahead of the competition. The company's research reports cover a wide range of topics, including industry trends, market size, growth opportunities, competitive landscape, and more. Prophecy Market Insights is committed to delivering high-quality research services that help clients achieve their strategic goals and objectives.
Blog: www.prophecyjournals.com
Follow us on:
LinkedIn | Twitter | Facebook |YouTube
