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Polycarbonate is a composite, which can be specifically made from polyvinyl in combination with glass, mineral, carbon, and graphene. Polycarbonate composites exhibit specific mechanical properties, including heat resistance, dimensional stability, high tensile strength, and exceptional insulation. Thus, they are extensively utilized for manufacturing strong, tough materials, optically transparent sliders in numerous business sectors. The global polycarbonate composites market is expected to grow at a notable rate in the coming few years, due to surge in demand from the end-user industries. They are broadly used within the electronics, construction, machinery, packaging, and transportation industries. Automobile manufacturers are demanding polycarbonate composites attributable to their lightweight properties. In addition, they are used in the manufacturing of bumpers, bullet-proof glasses, side windows, and headlamp lenses in the automobile industry.
The novel coronavirus has severely affected the growth of automobiles industry. The worldwide lockdown has reduced the overall demand for automobiles. In addition, governments across various countries have implemented travel ban, which reduced the demand for automobiles. Moreover, supply chain disruptions have led to decline in the demand for automobiles and has negatively impacted the growth of the packing industry. International travel ban has reduced the import and export activities, which, in turn, is anticipated to reduce the overall demand for polycarbonate composites in the packaging industry.
The expansion of the medical industry is expected to be a major driving factor of the polycarbonate composites market growth in the coming years. Polycarbonate composites are gaining momentum, due to prominent investments by companies in medical infrastructure and in R&D for improvising existent products. Polycarbonate composites have potential applications in disposable in addition to re-usable clinical gadgets, which include patient transport devices, surgical devices, medical tool housings, and fixation gadgets. The automobile industry held a considerable share in the global polycarbonate composites market, Â owing to the fact that automobile companies are shifting their preference toward lightweight but high-performing materials to replace heavy steel components in vehicle body. Researchers are specializing in reinforcing various materials with polycarbonate to impart exceptional strength to weight ratio in the composites. This is predicted to increase demand for polycarbonate composites during the forecast period. However, plastic usage in most applications is expected to hamper the growth of the of the polycarbonate composites market.
Region wise, the global polycarbonate composites market is analyzed across North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa. The Asia-Pacific market is anticipated to dominate the market, due to increase in use of polycarbonate composites in automobiles in this region. In addition, development of the consumer electronics market in North America and Europe significantly contribute toward the market growth. Furthermore, high demand has been witnessed for handheld gadgets, small bot, and tablets in these regions, which has notably pushed polycarbonate composites application in consumer electronics in the past few years.
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Polycarbonate Composites Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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Key Market Players | Mitsubishi Chemical Corporation (Japan), Trinseo (U.S.), Samyang Corporation (South Korea), The Bond Laminates GmbH (Germany), Formosa Chemicals & Fibre Corporation (China), Covestro (Germany), LG Chem (South Korea), Teijin Limited (Japan), Chi Mei Corporation (China), Asahi Kasei Advance Corporation (Japan), SABIC (Saudi Arabia), Nudec (Spain) |
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