Polycarbonate Composites Market Research 2021-2026: Applications, Type, Deployment, Organization Size, Verticals Forecast

 Market Summary

The Global Polycarbonate Composite Market is expected to register a CAGR of 5.8% and reach around USD 3.5 Billion during the forecast period. Polycarbonate composite is produced from bisphenol A and carbonyl chloride. It is majorly used as an alternative to polyvinyl chloride in the medical, electronic, and automotive industries due to its high flexibility, high impact resistance, stiffness, and strength.

Segment Analysis

Based on applications, the global market has been segmented into automotive plastic, medical instruments, electrical engineering, consumer electronics, and others.

The automotive plastic segment is the fastest-growing segment due to the shift in trend towards lightweight vehicles. Electrical engineering is expected to grow with healthy CAGR owing to consumers' inclination towards smart devices and home appliances. Moreover, polycarbonate composite is used in the manufacturing of medical equipment and devices such as drug delivery, cardiovascular, respiratory devices, and surgical instrument. Its properties such as eco-friendly processing, recyclability, toughness, high impact strength, chemical resistance, heat resistance, and lightweight make it ideal for application in medical devices and equipment. For instance, in October 2018, Covestro AG announced to expand its polycarbonate business by ramping up production in China. The company has decided to increase the total capacity of the China-based plant by 150 kilotons per annum to meet the demand in the medical, automotive, and electrical & electronic industries.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/polycarbonate-composites-market-8031

Competitive Analysis 

Some of the key players operating in the global polycarbonate composite market are polycarbonate composites are The Bond Laminates GmbH (Germany), Chi Mei Corporation (China), SABIC (Saudi Arabia), Asahi Kasei Advance Corporation (Japan), LG Chem (South Korea), Formosa Chemicals & Fibre Corporation (China), Trinseo (US), Mitsubishi Chemical Corporation (Japan), Teijin Limited (Japan), Samyang Corporation (South Korea), Nudec (Spain), and Covestro (Germany).

Regional Analysis

The global polycarbonate composite market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific market is estimated to register healthy CAGR owing to the increasing production of electronics in India, Indonesia, and Malaysia. For instance, the Electronic Industries Association of India has reported that Indian consumer electronic application production was worth USD 7,836 million in 2016, which has increased to USD 9,090 million in 2017. Thus, the shift in consumers' lifestyles towards smart lives has surged the demand for convenience electronic goods, which is positively influencing the polycarbonate composite market.

sample link -https://www.marketresearchfuture.com/sample_request/8031

The North American market is estimated to witness substantial growth due to the growing use of polycarbonate composite in the medical industry. The Middle East & African and Latin American markets are expected to register health CAGRs owing to the high demand for polycarbonate composites in countries such as Mexico, Brazil, and GCC due to the increase in automobile production.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

email:sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

Carbon Black Market: Anticipated Expansion and Key Developments (2023-2033)

  The carbon black market has experienced significant growth in recent years, driven by its wide range of applications across various industries. Carbon black is a fine powder produced by the incomplete combustion of hydrocarbons. It is primarily composed of carbon and possesses unique properties such as high tensile strength, conductivity, and ultraviolet (UV) resistance. The market for carbon black is influenced by factors such as the expanding automotive industry, the growing demand for specialty carbon black, and increasing applications in the construction sector. One of the key drivers for the carbon black market is the automotive industry. Carbon black is extensively used in the manufacturing of tires and rubber products. It improves the strength, durability, and abrasion resistance of tires, enhancing their performance and safety. With the rising demand for vehicles worldwide, especially in emerging economies, the demand for carbon black in the automotive sector has witnessed s
Read more

Recovered Carbon Black Market 2023, Size, Global Trends, Industry Share, Growth Rate, Top Players, Business Opportunities, Demand, Forecast 2032

 The  recovered carbon black (rCB) market  has experienced significant growth in recent years, driven by factors such as the increasing demand for sustainable products, stringent environmental regulations, and the growing emphasis on circular economy practices. Recovered carbon black refers to the recycled form of carbon black, which is a fine powder derived from the incomplete combustion of hydrocarbons. One of the key drivers for the growth of the PCB market is the rising demand for sustainable alternatives to conventional carbon black. Carbon black is widely used in various industries, including rubber manufacturing, plastics, and coatings, due to its excellent reinforcing properties and UV resistance. However, the production of virgin carbon black involves the emission of greenhouse gases and other pollutants. As a result, there is a growing need to adopt more environmentally friendly solutions, leading to the increased utilization of recovered carbon black. The market for recove
Read more

Active Calcium Silicate Market: Growth Prospects and Technological Advancements (2023-2033)

  Active Calcium Silicate Market The Active calcium silicate market has been witnessing significant growth due to the increasing demand for thermoplastic polyurethane (TPU), biocomposites, and synthetic rubber across various industries. Active calcium silicate, also known as calcium metasilicate, is a versatile material that finds applications in diverse sectors such as construction, automotive, healthcare, and food processing. One of the key drivers of the active calcium silicate market is the growing demand for thermoplastic polyurethane. TPU is a type of elastomer that offers excellent mechanical properties, including high elasticity, durability, and resistance to abrasion, chemicals, and UV radiation. TPU is widely used in the manufacturing of footwear, automotive parts, industrial belts, and sports equipment. Active calcium silicate is used as a reinforcing filler in TPU formulations, enhancing its mechanical strength, dimensional stability, and flame retardancy. Biocomposites ,
Read more