Global Polycarbonate Market to grow at a rate of 5.8% CAGR during 2015-2020 Business Articles | July 15 Mariano Rivera Yankees Jersey , 2016
Polycarbonate is thermoplastic polymers produced from phosgene and bisphenol A (BPA). The other trade names for polycarbonate are Lexan and Marolon.
Zion Research has published a new report titled “Polycarbonate Market?for Electronics, Packaging, Construction, Automotive, Optical Media and Other Applications: Global Industry Perspective Alex Rodriguez Yankees Jersey , Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global demand for polycarbonate was valued at USD 13.50 billion in 2014, and is expected to reach USD 18.50 billion in 2020, growing at a CAGR of 5.8% between 2015 and 2020.
The polycarbonate is the tough material having few grades that are optically transparent. This material is widely used in the engineering and various applications. It offers properties such as extrusion and injection molding technique to develop products with various shapes and size Mickey Mantle Yankees Jersey , excellent heat and UV resistance, and thermo-formation.
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Polycarbonate market is primarily driven by growing demand from automotive industry across the globe. Increasing demand from food and beverage packaging and the medical packaging application is expected to boost the growth of the polycarbonate market during the years to come. However, environmental issue related with this polymer is major challenges that may hinder the growth of the market.
The polycarbonate market has been segmented based on application into automotive, electronics, construction Babe Ruth Yankees Jersey , optical media, packaging industry and others. In 2014, the electronics was the dominant application segment in terms of total revenue generated and it accounted around 25% shares of the market. Heavy consumption of polycarbonate in the automotive industry is expected to be a major factor driving the market growth worldwide. Polycarbonate helps to reduce the weight of vehicle which increases the fuel efficiency and reduces impact on environment.
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Asia-Pacific was the largest regional market for polycarbonate and accounted for over 65% share of the total demand in 2014. Growth in use of polycarbonate in various applications is also expected to boost demand for polycarbonate in the years to come. Europe was the second largest market for polycarbonate in 2014. This was majorly due to high demand for light weight and high strength material for the automotive and electronics application.
Some of the key player in the polycarbonate market includes Bayer Material Science AG, Mitsubishi Engineering-Plastics Corporation, Trinseo (Styron) Derek Jeter Yankees Jersey , and Teijin Limited, SABIC Innovative Plastics, Chi Mei Corporation, Centroplast Engineering Plastics GmbH, Royal DSM Aaron Judge Youth Jersey , Aashi Kasei Chemical Corporation, Idemistu Kosan Co., Ltd and amongst others.
The report segments the global polycarbonate market as
Electronics Packaging Construction Automotive Optical media Others
Polycarbonate Market: Regional Segment Analysis
North America U.S. Europe Germany UK France Asia Pacific China Japan India Latin America Brazil Middle East and Africa
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