The global demand for polycarbonate resins market is estimated at US$ 5.3 billion in 2022 at a CAGR of 5.2% growing is estimated at US$ 8.8 billion from 2022 to 2032. Due to the expansion of the electronics and automotive sectors, the market for polycarbonate resins is expected to grow significantly worldwide in the next decade.
Polycarbonate Resins are thermoplastic generally derived from phosgene and bisphenol A. Polycarbonate’s properties include ductility, high strength and amorphous. Polycarbonate resins are manufactured by the condensation process of bisphenol A and phosgene.
Polycarbonate Resins application has been discovered across various industries such as electrical 7 electronics, automotive, medical and films
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Global Polycarbonate Resins Market: Drivers & Restraints
Some of the underlying drivers for the global polycarbonate resins market are identified as growing demand for Blu-Ray discs and demand from the automotive industry. Growth in the demand for environmentally products is expected to drive the demand for polycarbonate resins market.
High initial investments and access to licenses are some of the factors hampering the development of new entrants in the polycarbonate resins market. Growing demand for substitutes such as polystyrene is also expected to create threat for polycarbonate resins market.
Global Polycarbonate Resins Market: Overview
Global carbon fiber reinforced market is expected to expand at CAGR in range of 5% – 9% over the forecast period. Asia Pacific is expected to exhibit the largest market share coupled with highest growth during the forecast period. The growth of Asia Pacific polycarbonate resin market is due to lack of stringent regulations, low labor cost, and availability of raw materials.
Global Polycarbonate Resins Market: Key Players
Major players over the global polycarbonate resins market include SABIC Innovative Plastic, Trinseo S.A., Bayer Material Science AG, Mitsubishi Engineering – Plastic Corporation and Teijin Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
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Global Polycarbonate Resins Market: Segmentation
On the basis of application,the global polycarbonate resins market is segmented into:
- Packaging
- Optical Media
- Medical
- Consumer
- Electrical & Electronics
- Automotive
- Films
- Others
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