Polycarbonate Market | Global Industry Size, Share, Analysis Report, 2030 | ChemAnalyst

NEW CITY, N.Y. - March 22, 2022 - PRLog -- According to ChemAnalyst report, "Global Polycarbonate (PC) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030", global Polycarbonate market has shown considerable growth in historic period and is anticipated to achieve a healthy CAGR of 5.4% during the forecast period. As the demand of Polycarbonate is rapidly increasing in automotive and electronics industry due to its outstanding toughness, thermal resistivity, transparency and flexible features, it is anticipated to boost the Polycarbonate market in upcoming years. Increasing population and urbanization is propelling the demand of Polycarbonate for building materials, automobiles, electronic devices, and other consumer products. The production of Polycarbonate is highly associated with safety standards on environment as it is highly sustainable and eco-friendly which further enhances the compliance standards.

Polycarbonates (PC) are basically a well-known group of thermoplastic polymers that contains the carbonate groups in their chemical structure. PC possesses high impact strength, dimensional stability and good electrical properties. High strength of polycarbonates makes it resistant to fractures thus provides safety and reliability for various applications especially in automotive sector. Polycarbonate provides 100% protection from UV by blocking harmful radiations. It also offers brilliant optical and mechanical properties. PC is manufactured by the condensation polymerization of bisphenol A (C15H16O2) and phosgene (COCl2). As it is a strong thermoplastic material and have a high temperature resistance, it makes an interesting choice as a 3D printing filament. Majority of the applications of Polycarbonates are recyclable which makes it a better option for many manufacturing industries. Several global authorities including European Commission's Scientific Committee on Food, US FDA, UK Food Standards Agency have recognized PC safe for food contact applications. Many companies have started the production of Bio based PC which has a similar molecular structure with increased durability. Korea Research Institute of Chemical Technology (KRICT) created a Bio-PC from glucose which is likely to push the demand of polycarbonates in the future.

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Major Players:

• SABIC,
• Covestro AG,
• Mitsubishi Engineering-Plastics Corporation,
• LG Chem,
• Formosa Chemicals & Fibre Corp.,
• Lotte Chemical Corporation,
• Teijin Limited,
• Chi Mei Corporation,
• Idemitsu Kosan Co. Ltd. (Japan)
• Others.