Demand in Global Polycarbonate market to reach US$25 bln by 2024

05-Dec-16

The global polycarbonate market is expected to reach US$25.37 bln by 2024, as per Research and Markets. Regulatory policies are encouraging automotive OEMs to use plastics, as a means of reducing vehicular weight & improving fuel efficiency, to play a prominent role in driving growth. Polycarbonate is a completely recyclable polymer and is therefore favored as a substitute to PVC particularly in medical devices. In comparison, PC resins offer greater tensile strength & flexural modulus meaning they can be easily processed and even blended with other resins such as styrenic copolymers and PBT. In the recent past, regulations aimed at reducing plastics wastage has encouraged the role of recycling. PC resins being completely recyclable are expected to benefit from such regulations, and in turn, ease up global supply constraints.

Electrical & electronics and transportation remained dominant application markets, and the segments together accounted for nearly half of the overall consumption in 2015. In the electronics sector, polycarbonate is widely used for producing power housings, connectors, household appliances and battery boxes. Furthermore, the resin's optical clarity has led to its usage in headlamps, face shields, laminates, and windshields. Asia Pacific offer tremendous opportunities for manufacturers as resin requirements from automotive and construction industries expected to rise significantly as a result of rising investments in passenger car production and public infrastructure