Market Research Future has Published a Half-Cooked Research Report on the Global Polycarbonate Composite Market.
Market Summary
The Global Polycarbonate Composite Market is expected to register a CAGR of 5.8% and reach around USD 3.5 Billion during the forecast period. Polycarbonate composite is produced from bisphenol A and carbonyl chloride. It is majorly used as an alternative to polyvinyl chloride in the medical, electronic, and automotive industries due to its high flexibility, high impact resistance, stiffness, and strength.
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Segment Analysis
Based on applications, the global market has been segmented into automotive plastic, medical instruments, electrical engineering, consumer electronics, and others.
The automotive plastic segment is the fastest growing segment due to the shift in trend towards lightweight vehicles. Electrical engineering is expected to grow with healthy CAGR owing to consumers inclination towards smart devices and home appliance. Moreover, polycarbonate composite is used in the manufacturing of medical equipment and devices such as drug delivery, cardiovascular, respiratory devices, and surgical instrument. Its properties such as eco-friendly processing, recyclability, toughness, high impact strength, chemical resistance, heat resistance, and light weight make it ideal for application in medical devices and equipment. For instance, in October 2018, Covestro AG announced to expand its polycarbonate business by ramping up the production in China. The company has decided to increase the total capacity of the China-based plant by 150 kilotons per annum to meet the demand in the medical, automotive, and electrical & electronic industries.
Competitive Analysis
Some of the key players operating in the global polycarbonate composite market are polycarbonate composites are The Bond Laminates GmbH (Germany), Chi Mei Corporation (China), SABIC (Saudi Arabia), Asahi Kasei Advance Corporation (Japan), LG Chem (South Korea), Formosa Chemicals & Fibre Corporation (China), Trinseo (US), Mitsubishi Chemical Corporation (Japan), Teijin Limited (Japan), Samyang Corporation (South Korea), Nudec (Spain), and Covestro (Germany).
Regional Analysis
The global polycarbonate composite market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific market is estimated to register healthy CAGR owing to increasing production of electronics in India, Indonesia, and Malaysia. For instance, the Electronic Industries Association of India has reported that Indian consumer electronic application production was worth USD 7,836 million in 2016, which has increased to USD 9,090 million in 2017. Thus, the shift in consumers lifestyle towards smart lives has surged the demand for convenience electronic goods, which is positively influencing the polycarbonate composite market.
The North American market is estimated to witness a substantial growth due to the growing use of polycarbonate composite in the medical industry. The Middle East & African and Latin American markets are expected to register health CAGRs owing to the high demand for polycarbonate composites in countries such as Mexico, Brazil, and GCC due to increase in automobile production.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Polycarbonate Composites Market
4.3 Pricing Analysis, By Region
4.4 Trade Analysis4
5 Industry Overview Of Global Polycarbonate Composites Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
LIST OF TABLES
Table 1 Global Polycarbonate Composites Market, By Region, 2019–2024
Table 2 North America: Polycarbonate Composites Market, By Country, 2019–2024
Table 3 Europe: Polycarbonate Composites Market, By Country, 2019–2024
Table 4 Asia-Pacific: Polycarbonate Composites Market, By Country, 2019–2024
Table 5 Middle East & Africa: Polycarbonate Composites Market, By Country, 2019–2024
Table 6 Latin America: Polycarbonate Composites Market, By Country, 2019–2024
Table 7 Global Polycarbonate Composites Reinforcement Market, By Region, 2019–2024
Table 8 North America: Polycarbonate Composites Reinforcement Market, By Country, 2019–2024
Table 9 Europe: Polycarbonate Composites Reinforcement Market, By Country, 2019–2024
Table10 Asia-Pacific: Polycarbonate Composites Reinforcement Market, By Country, 2019–2024
Table11 Middle East & Africa: Polycarbonate Composites Reinforcement Market, By Country, 2019–2024
Table12 Latin America: Polycarbonate Composites Reinforcement Market, By Country, 2019–2024
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