Global Polycarbonate Market 2019-2023

Global Polycarbonate Market 2019-2023

About this market

The automotive industry is among the major end-users of polycarbonates. High fuel cost and fluctuating fuel prices are the key factors behind the change in consumer preference from traditional passenger cars to fuel-efficient and lightweight cars. Automotive manufacturers are increasingly using polycarbonate plastics in the manufacture of automotive components. Owing to their lightweight design, high transparency, and excellent impact resistance, polycarbonates are replacing conventional materials and playing a key role in increasing fuel economy and decreasing carbon dioxide emissions. Stringent government norms to reduce greenhouse gas emission, carbon dioxide emission, and other harmful pollutants are also fueling the demand for fuel efficient and light vehicles. Therefore, companies in the US market have started using lightweight materials such as polycarbonates to make vehicles lightweight and fuel-efficient. The rising demand for such lightweight and fuel-efficient vehicles is fueling the consumption of polycarbonates, resulting in the growth of the global polycarbonate market. Technavio’s analysts have predicted that the polycarbonate market will register a CAGR of almost 5% by 2023.

Market Overview

High demand for polycarbonates from China and US

China and the US are among the leading consumers of polycarbonates in construction, automotive, electrical and electronics, food packaging, and healthcare industries. The rise in the number of ageing populations in China has led to an infrastructural growth of healthcare facilities and medical equipment. Therefore, the growth of healthcare sector along with the rise in the ageing population will drive the demand for polycarbonate in construction materials and medical devices as well.

Fluctuations in crude oil prices

Fluctuations in crude oil prices act as a major threat to the global polycarbonate market. Since the major raw material used in the production of polycarbonate, bisphenol A, is petroleum-derived fluctuations in crude oil prices affect its price. The high prices of raw materials are a major concern for polycarbonate manufacturers. The fluctuations in crude oil prices negatively impact the final cost of polycarbonates thereby affecting the profit margins of the manufacturers.

For the detailed list of factors that will drive and challenge the growth of the polycarbonate market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies."


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Polycarbonate Market 2019-2023

Technavio recognizes the following companies as the key players in the global polycarbonate market: Covestro AG, LG Chem., MITSUBISHI GAS CHEMICAL COMPANY, INC., SABIC, TEIJIN LIMITED, Trinseo.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the expansion of production capacities and the development of new polycarbonate products will drive the market.”

According to the report, one of the major drivers for this market is the increased demand for ETP in end- user industries.

Further, the report states that one of the major factors hindering the growth of this market is the high competition from substitutes."

Companies Mentioned

Covestro AG

LG Chem

MITSUBISHI GAS CHEMICAL COMPANY

INC

SABIC

TEIJIN LIMITED

Trinseo"

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global polymer market
      • Table Segments of global polymer market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Electrical and electronics - Market size and forecast 2018- 2023
      • Table Electrical and electronics - Market size and forecast 2018-2023 (thousand t)
      • Table Electrical and electronics - Year-over-year growth 2019-2023 (%)
    • Consumer goods - Market size and forecast 2018-2023
      • Table Consumer goods - Market size and forecast 2018-2023 (thousand t)
      • Table Consumer goods - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 (thousand t)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Construction - Market size and forecast 2018-2023
      • Table Construction - Market size and forecast 2018-2023 (thousand t)
      • Table Construction - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (thousand t)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 (thousand t)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (thousand t)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 (thousand t)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 (thousand t)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Crude oil prices 2010-2017 ($ per barrel)
      • Table Impact of drivers and challenges
  • Market trends
    • Capacity expansion and product development
    • Rise in M&A activities
    • Rising demand from new technologies
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Covestro AG
      • Table Covestro AG - Vendor overview
      • Table Covestro AG - Business segments
      • Table Covestro AG - Organizational developments
      • Table Covestro AG - Geographic focus
      • Table Covestro AG - Segment focus
      • Table Covestro AG - Key offerings
    • LG Chem.
      • Table LG Chem. - Vendor overview
      • Table LG Chem. - Business segments
      • Table LG Chem. - Organizational developments
      • Table LG Chem. - Geographic focus
      • Table LG Chem. - Segment focus
      • Table LG Chem. - Key offerings
    • MITSUBISHI GAS CHEMICAL COMPANY, INC.
      • Table MITSUBISHI GAS CHEMICAL COMPANY, INC. - Vendor overview
      • Table MITSUBISHI GAS CHEMICAL COMPANY, INC. - Business segments
      • Table MITSUBISHI GAS CHEMICAL COMPANY, INC. - Organizational developments
      • Table MITSUBISHI GAS CHEMICAL COMPANY, INC. - Geographic focus
      • Table MITSUBISHI GAS CHEMICAL COMPANY, INC. - Segment focus
      • Table MITSUBISHI GAS CHEMICAL COMPANY, INC. - Key offerings
    • SABIC
      • Table SABIC - Vendor overview
      • Table SABIC - Business segments
      • Table SABIC - Organizational developments
      • Table SABIC - Geographic focus
      • Table SABIC - Segment focus
      • Table SABIC - Key offerings
    • TEIJIN LIMITED
      • Table TEIJIN LIMITED - Vendor overview
      • Table TEIJIN LIMITED - Business segments
      • Table TEIJIN LIMITED - Organizational developments
      • Table TEIJIN LIMITED - Geographic focus
      • Table TEIJIN LIMITED - Segment focus
      • Table TEIJIN LIMITED - Key offerings
    • Trinseo
      • Table Trinseo - Vendor overview
      • Table Trinseo - Business segments
      • Table Trinseo - Organizational developments
      • Table Trinseo - Geographic focus
      • Table Trinseo - Segment focus
      • Table Trinseo - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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