Title: Automotive industry will emerge as an important end-user segment of global polycarbonate composites market over the forecast period.
1Polycarbonate Composites Market Growth,
Application Analysis from 2019 to 2025
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2Global Market Scenario of Polycarbonate
Composites Market
- Polycarbonate Composites Market size will exceed
USD 3.2 billion by 2025 according to a new
research report by Global Market Insights, Inc. - 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. -
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3Continue-
- 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.
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4U.S. polycarbonate composites market, by
end-user, 2014 - 2025 (USD Million)
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5360 Industry Analysis
- 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.
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6- Regional Analysis
- 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. - Competitive Analysis
- 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.
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