Global Polycarbonate Resins Market Size, Share & Trends Analysis Report, By Application (Electrical and Electronics, Automotive, Consumer Goods, Construction, Packaging, Medical, Optical Media, and Others) and Forecast, 2020-2026.
The global polycarbonate resins market is estimated to witness significant growth during the forecast period. Rising demand for polycarbonate resins in optical media and potential applications in the automotive industry are the major factors driving the market growth. Polycarbonates and other polymer materials are used in optical data storage media, including compact disks. Polycarbonate resins with good performance characteristics including transparency, good heat resistance, low water affinity, low birefringence, and good processability are required in optical data storage media. Polycarbonate resins provide superior optical properties owing to its amorphous structure.
Advances in optical data storage media, such as enhanced data storage density, are highly desirable and is expected to improve new computer technology including rewritable, read-only, write-once, digital versatile and magneto-optical (MO) disks. In CD-ROM technology, the data to be read is imprinted directly into a transparent, moldable plastic material, including bisphenol A (BPA) polycarbonate. This allows users to extract information (digital data) from the disk without adding or changing any data.
Geographically, in 2019, Asia-Pacific witnessed considerable share in the market owing to the significant production of polycarbonate resins and increasing electrical and electronics manufacturing and automobile production in the region. As per the India Brand Equity Foundation (IBEF), production of electronics hardware in India rose from $31.13 billion in 2014 to $65.53 billion in 2019. Further, as per the Department for Promotion of Industry and Internal Trade (DPIIT), during the period, April 2000-March 2020, the inflow of foreign direct investment (FDI) in electronics sector stood at $2.8 billion. The increasing production of electronics products is driving the demand for polycarbonate resins owing to its potential electrical resistance and flame-retardant characteristics.
Key players in the market include SABIC (Saudi Basic Industries Corp.), Covestro AG, Mitsubishi Chemical Corp., Teijin Ltd., and Idemitsu Kosan Co., Ltd. The market players are adopting certain strategies including mergers and acquisitions, partnerships and collaborations, and product launches, to gain a competitive advantage. For instance, in February 2019, SABIC has chosen Amco Polymers, LLC as a third distribution partner in North America, offering specialty engineering thermoplastics and associated services to the SABIC customers in the US, Mexico, and Canada. It is a part of SABIC strategy to promote the additional growth of its specialties business and to offer excellent service to its customers.
Research Methodology
The market study of the global polycarbonate resins market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
The global polycarbonate resins market is estimated to witness significant growth during the forecast period. Rising demand for polycarbonate resins in optical media and potential applications in the automotive industry are the major factors driving the market growth. Polycarbonates and other polymer materials are used in optical data storage media, including compact disks. Polycarbonate resins with good performance characteristics including transparency, good heat resistance, low water affinity, low birefringence, and good processability are required in optical data storage media. Polycarbonate resins provide superior optical properties owing to its amorphous structure.
Advances in optical data storage media, such as enhanced data storage density, are highly desirable and is expected to improve new computer technology including rewritable, read-only, write-once, digital versatile and magneto-optical (MO) disks. In CD-ROM technology, the data to be read is imprinted directly into a transparent, moldable plastic material, including bisphenol A (BPA) polycarbonate. This allows users to extract information (digital data) from the disk without adding or changing any data.
Geographically, in 2019, Asia-Pacific witnessed considerable share in the market owing to the significant production of polycarbonate resins and increasing electrical and electronics manufacturing and automobile production in the region. As per the India Brand Equity Foundation (IBEF), production of electronics hardware in India rose from $31.13 billion in 2014 to $65.53 billion in 2019. Further, as per the Department for Promotion of Industry and Internal Trade (DPIIT), during the period, April 2000-March 2020, the inflow of foreign direct investment (FDI) in electronics sector stood at $2.8 billion. The increasing production of electronics products is driving the demand for polycarbonate resins owing to its potential electrical resistance and flame-retardant characteristics.
Key players in the market include SABIC (Saudi Basic Industries Corp.), Covestro AG, Mitsubishi Chemical Corp., Teijin Ltd., and Idemitsu Kosan Co., Ltd. The market players are adopting certain strategies including mergers and acquisitions, partnerships and collaborations, and product launches, to gain a competitive advantage. For instance, in February 2019, SABIC has chosen Amco Polymers, LLC as a third distribution partner in North America, offering specialty engineering thermoplastics and associated services to the SABIC customers in the US, Mexico, and Canada. It is a part of SABIC strategy to promote the additional growth of its specialties business and to offer excellent service to its customers.
Research Methodology
The market study of the global polycarbonate resins market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.
Secondary Sources Include
- Financial reports of companies involved in the market
- Authentic public databases
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Polycarbonate Resins Market Research and Analysis, By Application
The Report Covers
- Comprehensive research methodology of the global polycarbonate resins market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global polycarbonate resins market.
- Insights about market determinants which are stimulating the global polycarbonate resins market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
A selection of companies mentioned in this report includes:
- CHIMEI Corp.
- Covestro AG
- Elix Polymers SLU
- Formosa Chemicals & Fibre Corp.
- Idemitsu Kosan Co., Ltd.
- LG Chem, Ltd.
- Lotte Chemical Corp.
- Mitsubishi Chemical Corp.
- Roquette Frères S.A.
- SABIC (Saudi Basic Industries Corp.)
- Samsung SDI Co., Ltd.
- Samyang Holdings Corp.
- Teijin Ltd.
- Thai Polycarbonate Co., Ltd.
- Trinseo S.A.
