Polycarbonate Composites Market Analysis :
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.
COVID–19 impact analysis
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.
Market scenario analysis
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, 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.
Regional insights
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.
Key benefits of the report
- This study presents the analytical depiction of the global polycarbonate composites industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global polycarbonate composites market share.
- The current market is quantitatively analyzed to highlight the growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global polycarbonate composites market research report:
- Which are the leading market players active in the global polycarbonate composites market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Polycarbonate Composites Market Report Highlights
| Aspects | Details |
 By Reinforcement |
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 By End User |
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 By Region |
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 Key Market Players | Samyang Corporation (South Korea), SABIC (Saudi Arabia), Mitsubishi Chemical Corporation (Japan), Formosa Chemicals & Fibre Corporation (China), Nudec (Spain), LG Chem (South Korea), Teijin Limited (Japan), Asahi Kasei Advance Corporation (Japan), The Bond Laminates GmbH (Germany), Covestro (Germany), Trinseo (U.S.), Chi Mei Corporation (China) |
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