Growing automotive and electronics industries are expected to positively influence the global polycarbonate resin market. Growing environmental friendly products demand is slated to continuously fuel the global polycarbonate resins market. Superior physical properties, optical characteristics and recyclability give polycarbonate resins definitive competitive advantage over conventional plastics.
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Optical media, construction, automotive, medical equipment and electronics are few polycarbonate resins end-use applications. Rising optical discs and electronics demand is expected to bolster the global market growth. Growing awareness regarding bisphenol A usage, high initial investment, and difficulty in creating an effective market network are anticipated to hamper the market growth over the forecast period.
Copolyester, polystyrene and polypropylene are touted to be potential polycarbonate resin substitutes. Increasing demand for the above mentioned products is expected to threaten the market growth. Increasing polycarbonate resin penetration in automotive glazing and medical equipment applications promise opportunities for market participants.
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Asia Pacific led the global polycarbonate resin market ahead of North America and Europe. Regional markets are characterized by differing polycarbonate resin usage in various industries. Growing construction & packaging industries in Europe and widespread automotive glazing applications in North America are expected to positively impact the respective regional markets. Rapid industrialization coupled with brisk electronics market growth in the emerging Asia Pacific economies promise positive regional market growth.
Prominent polycarbonate resin market participants include Mitsubishi Engineering Plastic, SABIC IP, Formosa Fiber & Chemical Corporation, Mitsubishi Gas Chemical Co., Teijin Ltd., Idemitsu Kosan Ltd. and Bayer Material Science AG.
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