Electronics Industry Can Provide Better Scope to Polycarbonate Market for Expansion
Description :
Global Polycarbonate Market
Research Report: Information by Processing Technology (Extrusion and Molding),
End-Use (Automotive, Electrical & Electronics, Building & Construction,
Optical Media, Home Appliances, Packaging, Medical, and Sports & Leisure) and
Region (Asia-Pacific, North America, Europe, Latin America, and the Middle East
& Africa)—Forecast till 2027
Keywords :
Polycarbonate, Polycarbonate
Market, Global Polycarbonate Market, Polycarbonate Industry, Polycarbonate
Business, Polycarbonate Market Size, Polycarbonate Market Share, Polycarbonate
Market Price, Polycarbonate Market Price Trends, Polycarbonate Market Report,
Polycarbonate Market Growth, Polycarbonate Market Demand, Polycarbonate Market
Outlook, Polycarbonate Market Analysis
Polycarbonate
Market Overview:
Polycarbonate, a thermoplastic
polymer, has features like high impact strength and extraordinary toughness at
mild temperatures. It commonly appears in a transparent crystalline state
and finds a lot of application across industries. The global polycarbonate
market is expected to achieve remarkable growth during the forecast period of
2018 to 2023. Market Research Future (MRFR) in their recent report on the
polycarbonate market proposes a possibility of crossing the estimated market valuation
by 2023.
Several industries like construction,
aerospace, automotive, electronics, railways, and medical are expected to take
the onus of furthering the global polycarbonate market by fetching in notable
revenue. Its features like lightweight, better durability, high heat & tear
resistance, and easy processability are triggering its popularity.
Polycarbonate
Market Segmentation:
MRFR has made a detailed study of the
global polycarbonate market by segmenting the market on the basis of
application. Such a segmentation relies heavily on volume-wise and value-wise
market analysis and their factors and figures. This allows a closer perspective
of the micro and macro factors.
Based on the application, the global
polycarbonate market comprises building & construction,
automotive, electrical & electronics, packaging, medical devices, consumer
goods, and others. Among these, the automotive segment is expected to gain some
strong tailwind as the use of polycarbonate for various designs and aesthetic
upliftment in cars is quite prolific. The electrical & electronics segment
is also expected to benefit from growth of the polycarbonate industry.
Polycarbonate
Market Regional Analysis:
The global
polycarbonate market in MRFR reports has been studied with five
major regions in sight. These regions are North America, Asia Pacific (APAC),
Europe, the Middle East and Africa (MEA), and Latin America. Such a review of
the market aims at the identification of growth pockets, which the major market
players can explore for better profitability.
The APAC market has the lion’s share
in the market and it is on a growth curve as several industries are popping up
to capitalize on the cost-affordable labor and easy access to resources. This
regional growth can be assessed by the rapid urbanization and industrialization
rates. This has posed favorable conditions for the market to consider various
expansion opportunities. Government initiatives are also favoring the regional
mapping of the growth chart. Their policies and funding for infrastructure are
benefiting regions like India, Japan, South Korea, Malaysia, and China.
Transportation is also having a remarkable change, along with other factors
like changing lifestyles, rising disposable incomes, and transforming consumer
trends. The automotive sector is witnessing substantial growth, which is
expected to ensure strong rise in demand for polycarbonates.
The market of North America is Expected
to retain its second position by garnering substantial revenue from the
construction and automotive sectors. The packaging industry, in the region, is
also registering remarkable transformation. Europe’s market is getting
tractions from countries like the U.K., France, Germany, Italy, and Belgium. Robust
automotive industry is providing the maximum market share. Other industrial
applications are also expected to play a pivotal role in transforming the
regional market. The MEA market and Latin American region are expected to
register a small share of the global market. This is due to lack in industrial
growth. However, the scene is expected to change with countries like Qatar,
Saudi Arabia, Brazil, Israel, Dubai, and others initiating various steps to
transform both these regional markets.
Access Full Report Details and Order this Premium
Report: https://www.marketresearchfuture.com/reports/polycarbonate-market-1080
Polycarbonate
Market Competitive Landscape:
Several companies are investing
substantially in the growth of the polycarbonate
market. MRFR profiled a few like Covestro (Germany), Teijin Limited
(Japan), Mitsubishi Engineering Plastics Corp. (Japan), LG Chemicals (South
Korea), EVONIK INDUSTRIES AG (Germany), Formosa (U.S.), Asahi Kasei Chemical
Corporation (Japan), Idemitsu Kosan Co. Ltd. (Japan), SABIC (Saudi Arabia), and
Bayer AG (Germany), among others to get a comprehensive market picture.
In August 2019, researchers at Japan’s Showa Denko (SDK) has developed
a technology, which can be used in creating a direct bond between aluminum
alloys and polycarbonate resin without any adhesive. This would transform
several aspects by simplifying processes, increasing productivity, and enabling
production of complicated shapes.
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
NOTE: Our Team of Researchers is Studying Covid19 and its Impact on
Various Industry Verticals and wherever required we will be considering Covid19
Footprints for Better Analysis of Market and Industries. Cordially get in Touch
for More Details.
Comments
Post a Comment