Polycarbonate resin is a type of thermoplastic polymer known for its high impact resistance, transparency, and heat resistance. It is commonly used in various industries, including automotive, electronics, construction, and medical devices. Polycarbonate resin can be molded into different shapes and is often utilized in applications where toughness and clarity are required, such as safety glasses, electronic housings, automotive components, and greenhouse panels. Despite its numerous advantages, polycarbonate resin may be prone to scratching and environmental degradation over time.
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The Report "Polycarbonate Resin Market by Application (Electrical & Electronics, Optical Media, Consumer, Automotive, Sheets, Films, Packaging, Medical, and Others) and by Region (Asia-Pacific, Western Europe, North America, and RoW) - Trends & Forecast to 2020", The Polycarbonate Resin Market was projected to grow from more than $12.0 Billion in 2015 to north of $16.4 Billion by 2020, at a CAGR of 6.3%. It also explains the driving and restraining factors of the Global Polycarbonate Market with an analysis of trends, opportunities, and challenges.
The PC market is segmented by application and by region. The market size of each region, such as Asia-Pacific, Western Europe, North America, and Rest of the World (RoW), is projected in this report. The key countries, such as China, the U.S., Taiwan, Germany, and Japan have been covered and their market sizes are forecasted along with their growth rates.
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Electrical & electronics is estimated to be the largest segment, both in terms of value as well as volume, in 2015 with a market share of more than 21.0% of the total PC market. This segment is also projected to be the largest segment throughout the projection year till 2020. The growth in electrical & electronics application is expected to be driven by the increased usage of PC in this industry to manufacture various injection molded components, due to the superior electrical properties of PC.
Asia-Pacific: Largest Consumer
Asia-Pacific is the largest consumer of PC globally, holding more than 61.0% share of the global PC market in 2014 and is projected to grow at a CAGR well above the global average. The high growth in this region is attributed to the well-established end-use industries for PC in Asia-Pacific, which also includes electrical & electronics, automotive, and others.
PC Market
The PC market is segmented into nine applications; they are electrical & electronics, optical media, consumer, automotive, sheets, films, packaging, medical, and others. The demand for PC in the medical application is expected to be the fastest among all the applications; Asia-Pacific is estimated to be the largest region for the medical application in 2015.
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Leading companies, such as SABIC Innovative Plastics (U.S.), Bayer MaterialScience AG (Germany), Teijin Ltd. (Japan), Mitsubishi Engineering-Plastics Corporation (Japan), and Chi Mei Corporation (China) are focusing on development of new PC products through research and innovation, in order to expand their product portfolio and application areas.
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