Boston, MA -- (ReleaseWire) -- 02/19/2014 -- Polycarbonate is a dominant engineering plastic. It also upholds the image of commodity plastics due to the high consumption and its applicability in a varied range of industries. The PC market experiences strong growth that is expected to get robust in the future. This growth is due to its tremendous physical properties that make it an efficient replacement for traditional plastics and other materials.
PC resins market is experiencing huge growth, which is expected to continue in the near future, mainly driven by the highly growing Asia-Pacific region and intense efforts at the customer's end to provide better products. Significant amount of investments are made by various market players in order to be prepared to serve the high potential regions in future. Presently, Asia-Pacific and Western Europe are the largest consumers of PC resins.
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The key drivers of the industry are its applicability in electrical & electronic manufacturing and increased use of in automotive applications. Bisphenol A residue in PC packaging is a restraining factor that prevails in the market, which limits the consumption. Increasing penetration in various applications such as medical equipment, auto glazing, blu-ray discs and others, pave way for its consumption in countries with significant potential and low production capabilities. These countries would serve as the upcoming opportunities in the market and value chain.
Asia-Pacific is the largest market for the consumption PC resin. This report estimates the market size of the PC resin market, both in terms of volume and value. The report provides a comprehensive review of important market drivers, challenges, and key issues. The market is further segmented and forecasted for regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW), which include key growth countries, namely the U.S., Germany, China, Japan, and Russia. The share of participants and their strategic initiatives for the overall market is discussed in detail in the report. Top players of the industry are profiled in detail with their recent developments and other strategic industry activities.
Competitive scenario and market shares of the prominent players in the PC market are discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic initiatives in the industry. These include: Bayer Material Science AG (Germany), SABIC IP (U.S.), Teijin Ltd. (Japan), Styron (U.S.), Mitsubishi Gas Chemical Co. (Japan), Mitsubishi Engineering Plastic (Japan), Formosa Chemical & Fiber Corporation (Taiwan), Idemitsu Kosan Ltd. (Japan) and other market players.
Scope of the report:
This research report categorizes the global market for PC resins on the basis of applications and geography along with forecasting volumes, revenues and analyzing trends in each of the submarkets.
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