Polycarbonate Composites Market 2019 key players are Chi Mei Corporation, Mitsubishi Chemical Corporation, SABIC Innovative Plastics, LG Chem and Covestro
Automotive
industry will emerge as an important end-user segment of global polycarbonate
composites market over the forecast period. Though the market share by volume,
held by automotive plastics in PC composites market is moderate, it is likely
to witness CAGR close to 6% in the coming years.
Companies
such as SABIC, Exatec and RTP Company are developing polycarbonate composites
for new applications which will be used to manufacture different parts of
automobile such as sunroofs, door panels, etc. Additionally, rising per capita
income in Asian and Latin American countries will be driving the middle-class
spending power for buying passenger cars, which will subsequently benefit to
fmarket over the forecast timeframe.
The
polycarbonate composites market is likely to face challenges from regulating
authorities which emphasize reduction in plastic usage in majority of
applications. PC composites biodegradability is still a concern and
manufacturers have to abide by rules set by authorities to maintain the
biodegradability, at least in case of medical applications. The regulations are
stringent in medical instruments and devices applications. The use of
polycarbonate in consumer electronics is also highly regulated which may pose
growth challenge to the market during the forecast period.
Polycarbonate
Composites Market size will exceed USD 3.2 billion by 2025; according to a new
research report by Global Market Insights, Inc. Carbon fiber filled
polycarbonate composites market will be growing at a significant CAGR during
the forecast timeframe. Carbon fibers improve the flexural strength and
strength to weight ratio of polycarbonate, which makes it suitable for use in
automotive and electrical engineering applications. Carbon fibers reinforcement
in polycarbonate resin enhances its flame retardance and thus it is widely used
in making electrical fibers.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/polycarbonate-composites-market
Medical
instruments will be growing with prominent CAGR in global market during the
forecast timeframe. Glass fiber filled PC composites with varying reinforcement
give flexural strength, dimensional stability and toughness which is utilized
to make connectors such as check-valves, stop-cocks, y-injection sites, etc. in
medical applications. Polycarbonate composites (with different percentage of
reinforcement) are used in making devices that resist radiations, high
temperatures and lipids.
Asia
Pacific has witnessed exponential rise in industrialization in past few
decades. It can be attributed to the cost competitive land and labor coupled
with ample availability of water and other natural resources. Automobile
industry in Asia Pacific is growing rapidly in global polycarbonate composites
market in terms of sales. This growth in the automobile industry will propel
product demand in the region over the forecast timespan. Additionally, medical
instrument manufacturing in China, India and South Korea will be further
augmenting PC composites market size over the next few years.
The
polycarbonate composites market is highly competitive with player such as Chi
Mei Corporation, Mitsubishi Chemical Corporation, SABIC Innovative Plastics, LG
Chem and Covestro operating in the business. Chinese manufacturers are
expanding plant capacity for polycarbonate composites manufacturing to stay
competitive in the global market. Raw material manufacturers are also forward
integrating their business process, which will compete the major players in
terms of product supply in the coming years. Covestro and The Bond Laminates
GmbH (a subsidiary of Lanxess) offer wide variety of PC composites depending on
the percentage of reinforcement of glass, carbon or other such materials.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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Polycarbonate Composites Market 2019 key players are Chi Mei Corporation, Mitsubishi Chemical Corporation, SABIC Innovative Plastics, LG Chem and Covestro
Reviewed by snehal
on
March 19, 2019
Rating:
Reviewed by snehal
on
March 19, 2019
Rating:
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