Polycarbonate Market in Europe estimated to cross US$2506 mln by 2019

19-Aug-16

Europe's polycarbonate market stood at US$1924.4 mln in 2014, and is estmated to reach US$2506.2 mln by 2019, at a CAGR of 5%, from 2014 to 2019, as per Micro Market Monitor. The European polycarbonate market is significantly affecting its end-use industries. They have different characteristics as per their manufacturing and application requirement in the end products. The European region is expected to dominate this market with its growing demand for polycarbonate in different applications, especially the automotive, consumer electronics and sheet/films industries as it is an important hub for such markets. The European markets are estimated to register a rising growth in the coming years with the major industries expected to stabilize the overall business need in the respective regions.

The European polycarbonate market constitutes 16% of the global polycarbonate market and is projected to have 15% market share by the end of 2019. The consumption of polycarbonate in European region was 533.3 KT in 2014, and is projected to grow at a CAGR of 3.4% to 629.1 KT during the forecasted period, between 2014 and 2019.Based on region, it is segmented into major countries, Germany, France, Italy, the U.K., and Spain. Germany is the largest growing market in Europe. Germany polycarbonate market was valued at US$709.1 mln in 2014, expected to grow at 5.6% annually, and is projected to reach US$929.9 mln by the end of 2019. Consumer electronics followed by optical media and sheet films are the dominant application segments for polycarbonate.