Polycarbonate Market Overview:
The global plastic materials market is projected to grow at a considerably high CAGR reaching the value of USD 1 Trillion by the end of 2023, reports Market Research Future (MRFR). This market growth in plastic materials is bound to give a considerable push to the polycarbonate market.
Polycarbonate Market Restraint:
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.
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Polycarbonate Market Key Players:
The key players making a name in the polycarbonate market are,
• Asahi Kasei Chemical Corporation (Japan)
• Idemitsu Kosan Co. Ltd. (Japan)
• Covestro (Germany)
• Teijin Limited (Japan)
• Mitsubishi Engineering Plastics Corp. (Japan)
• LG Chemicals (South Korea)
• EVONIK INDUSTRIES AG (Germany)
• Formosa (U.S.)
• SABIC (Saudi Arabia)
• Bayer AG (Germany)
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.
The market in Asia Pacific is projected to lead the global market with the largest share. This feat has been achieved on account of rapid industrialization in the region in the past few years, coupled with favorable government policies and funding for infrastructure and transportation. In the region, India, Japan, South Korea, Malaysia, and China are major contributors to the market growth. In addition, changing lifestyles, growing disposable incomes, and shifting consumer trends have driven the automotive and packaging industries in the region, in turn fuelling the growth of the regional market.
Polycarbonate Market Segmentation:
In accordance with the report, the global polycarbonate market is segmented based on application and region.
By application, the market is segmented into automotive, building and construction, electrical and electronics, consumer goods, packaging, medical devices, and others. Far lighter than metal and glass, polycarbonate is being just as strong is used in the automotive industry. It plays a key role in increasing fuel economy and also reducing carbon dioxide emissions. It is also the choice for many sunroofs, and small window panes used in vehicles along with windows and windscreens in vehicles, giving a substantial push to the automotive segment in the global market.
The market has also been segmented into five major regions, which are North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America.
Polycarbonate Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Polycarbonate Market
Polycarbonate Market Table of Content to be Continue…….,
Polycarbonate Market List of Table:
Table 1 World Population: In Major Regions (2016–2030)
Table 2 Global Polycarbonate Market: By Region, 2018–2023
Table 3 North American Polycarbonate Market: By Country, 2018–2023
Table 4 European Polycarbonate Market: By Country, 2018–2023
Table 5 Asia-Pacific Polycarbonate Market: By Country, 2018–2023
Polycarbonate Market List of Table to be Continue…….,
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