|By PR Newswire||
|February 13, 2014 08:00 PM EST||
DUBLIN, February 14, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/l9mz9x/polycarbonate) has announced the addition of the "Polycarbonate Resin Market - Trends & Forecasts to 2018" report to their offering.
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Polycarbonate resin is one of the dominant engineering plastics which is gaining an image of commodity plastic due to the rising consumption of the plastic. PC has been the most preferred material for the manufacture of optical discs. The optical disc market has evolved from basic CDs to blu-ray discs. PC has been used in most of the optical media forms namely CD, DVD, HD DVD, and the current blu-ray. These blu-ray discs have witnessed double digit year-on-year consumption growth in the last five years assuring the healthy consumption optical grade PC. The material is in the nascent stage for the commercialization of bio-based raw material. The increase in the production of bio-based PC would help the material to penetrate into markets that currently hurdle the growth of PC because of bisphenol-A residue. The auto glazing technology is an opportunity for the growth of the PC material in the automotive industry.
The PC market is driven by replacing plastics that don't possess the same optical properties and to other physical attributes that PC has. Increasing R&D efforts are expected to increase the efficiency of PC and other PC blends making them suitable for a myriad of applications. The effectiveness of PC in automotive and electrical & electronic markets promises the growth of PC in the long-term future. Polycarbonate is highly recyclable that is an addition to the rest of its properties. PC has been well perceived in various dominant end-user markets and is expected to penetrate and grow their share in the engineering plastics market, in the near future.
The global polycarbonate resin market's revenue was estimated to be worth $12.1 billion in 2012, which is expected to reach $18.3 billion by 2018, growing at a CAGR of 7.1% from 2013 to 2018. The APAC region dominated the global polycarbonate resin market, bestowing 61.7% of the total revenue in 2012. China and the U.S. shared 47.2% of the total PC consumption in 2012. The Indian PC consumption for end-use applications is expected to grow at 6.7% from 2013 to 2018.
Market players are concentrating on expanding their geographical reach for success. Other development strategies that the market players are engaged in are agreements & collaborations, mergers & acquisitions, and new product launches & developments. The PC industry is contemplating high research activities to create new blends and processing methodologies to minimize cost and increase versatility of the PC product types1. One of the major problems is the wide price range that makes choosing the material very difficult and application hard to derive optimal cost effectiveness.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Polycarbonate Resin Market, By Application
6 Polycarbonate Market, By Geography
7 Bio-Based Polycarbonate
8 Competitive Landscape
9 Company Profiles
- Asahi Kasei Chemicals
- Bayer Material Science
- Chi Mei Corporation
- Formosa Chemicals & Fibre Corporation
- Idemitsu Kosan
- Lg Chem
- Mitsubishi Engineering-Plastics Corporation
- Mitsubishi Gas Chemical Company
- Sabic Innovative Plastics
- Samyang Corporation
- Sumika Styron Polycarbonate
For more information visit http://www.researchandmarkets.com/research/l9mz9x/polycarbonate
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets