Market Research Reports

Polycarbonate Market for Automotive, Electronics, Construction, Optical Media, Packaging and Other (Medical Implants and Tableware) Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

74pages
Published Date: 2015-02-26
 

Description



Polycarbonate, a thermoplastic polymer, is used widely in various applications as it offers properties such as high impact resistance, transparency, flame retardancy and high structural rigidity. Polycarbonate can be processed using extrusion and injection molding techniques to develop products with different properties and shapes. Additives can be added to the polymer while processing in order to enhance its processing efficiency and physical properties. 

This report covers the estimate and forecast of the polycarbonate market on a global and regional level. The report includes estimation of demand for polycarbonates for 2013 and forecast for the period from 2014 to 2020 in terms of volume (Kilo tons) and revenue (US$ Mn) for the regional and global markets.

The study also analyzes various factors driving the growth of the polycarbonate industry. It also includes restraints that are affecting market growth. A detailed analysis of the impact of these drivers and restraints during the forecast period has been included. Furthermore, the report evaluates opportunities available in the market at the global and regional level. 

The report includes value chain analysis to provide value addition at each stage and understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various players involved in the polycarbonate industry, from raw material suppliers to end-users. Porter’s five forces model has been used to determine the impact of various factors such as degree of competition, bargaining power of suppliers, threat from substitutes, bargaining power of buyers and threat from new entrants during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Furthermore, the report comprises market attractiveness analysis, which analyzes the application segments that are expected to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition and other factors such as social and legal constraints. 

The polycarbonate market has been segmented based on applications, which include automotive, electronics, construction, optical media, packaging and others. Detailed analysis of all segments in the regional and global markets, and forecast based on current and future trends of the industry in terms of volume (Kilo Tons) and revenue (US$ Mn) have been included in the report. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand for polycarbonate in various applications in these regions has been analyzed and forecast for a period of six years. 

We use a combination of primary and secondary research to determine the market estimate and forecast. Secondary research sources that were typically referred to include, but were not limited to company websites, independent studies, technical journals, annual reports, trade magazines, financial reports, and SEC filings. Other information sources such as internal and external proprietary databases, government documents, statistical databases and market reports, company’s news articles, industry specific magazines and webcasts specific to companies operating in the market have also been referred for the report. 

Primary research includes in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases and relevant documents were reviewed for competitive analysis and market understanding. Primary research helps in validating and strengthening the secondary research findings. 

The report also covers profiles of leading companies in the polycarbonate industry. Companies profiled in the report include Bayer MaterialScience AG, Trinseo (Styron), Mitsubishi Engineering-Plastics Corporation, and Teijin Limited. Various attributes of these companies such as company overview, financial overview, business strategies, recent developments, new product launches, expansion, alliances, and partnerships constitute the company profiles section.
 
This report segments the global polycarbonate market as follows:
  • Polycarbonate  Market - Application Analysis
    • Automotive
    • Electronics
    • Construction
    • Optical media
    • Packaging
    • Others (Including Medical implants, Tableware, etc.)
  • Polycarbonate Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
      1.2.1 Global Polycarbonate Market Segmentation, by Application, by Region
1.3 Research Scope
      1.3.1 Assumptions
1.4 Research Methodology
1.5 Abbreviations

Chapter 2 Executive Summary
2.1 Global Polycarbonate Market, 2013 – 2020 (Kilo Tons) (US$ Mn)
2.2 Polycarbonate: Market Snapshot (2013 and 2020)

Chapter 3 Polycarbonate - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
      3.3.1 Increasing Demand for Light Vehicles is Driving the Polycarbonate Market
              3.3.1.1 Global Demand for Light Vehicles, 2013 - 2020 (Mn Units)
      3.3.2 Booming Consumer Electronics Industry Driving Polycarbonate Demand
              3.3.2.1 Global Consumer Electronics Market Revenue, 2013 – 2020 (US$ Bn)
              3.3.2.2 Thermoplastic Polymers in Electronic Components Market Volume, 2013 – 2020 (Kilo Tons)
      3.3.3 Increasing Polycarbonate Demand from Packaging Applications is Boosting the Market Growth
      3.3.4 High Growth in Emerging Economies is Fuelling the Polycarbonate Demand
              3.3.4.1 GDP Growth Rate, 2012-2015
3.4 Market Restraints
      3.4.1 Volatile Pricing of Raw Material
              3.4.1.1 BPA Pricing, U.S., Asia and Western Europe, November 2011 – October 2013 (USD/Ton)
      3.4.2 High Cost and Low Scratch Resistance
3.5 Market Opportunities
      3.5.1 Increasing Demand for Bio-based and Scratch Resistant Polycarbonates
3.6 Porter’s Five Force Analysis
      3.6.1 Bargaining Power of Suppliers
      3.6.2 Bargaining Power of Buyers
      3.6.3 Threat of New Entrants
      3.6.4 Threat of Substitutes
      3.6.5 Degree of Competition
3.7 Polycarbonate: Market Attractiveness Analysis
3.8 Polycarbonate: Company Market Share Analysis, 2013

Chapter 4 Polycarbonate Market – Application Analysis
4.1 Polycarbonate Market: Application Overview
      4.1.1 Global Polycarbonate Market, Volume Share, by Application, 2013 – 2020
4.2 Automotive
      4.2.1 Global Polycarbonate Market for Automotive Application, 2013 – 2020 (Kilo Tons) (US$ Mn)
4.3 Electronics
      4.3.1 Global Polycarbonate Market for Electronics Application, 2013 – 2020 (Kilo Tons) (US$ Mn)
4.4 Construction
      4.4.1 Global Polycarbonate Market for Construction Application, 2013 – 2020 (Kilo Tons) (US$ Mn)
4.5 Optical Media
      4.5.1 Global Polycarbonate Market for Optical Media Application, 2013 – 2020 (Kilo Tons) (US$ Mn)
4.6 Packaging
      4.6.1 Global Polycarbonate Market for Packaging Application, 2013 – 2020 (Kilo Tons) (US$ Mn)
4.7 Others
      4.7.1 Global Polycarbonate Market for Other Applications, 2013 – 2020 (Kilo Tons) (US$ Mn)

Chapter 5 Polycarbonate Market – Regional Analysis
5.1 Polycarbonate Market: Regional Overview
      5.1.1 Global Polycarbonate Market, Volume Share, by Region, 2013 – 2020
5.2 North America
      5.2.1 North America Polycarbonate Market Volume, by Application, 2013 – 2020 (Kilo Tons)
      5.2.2 North America Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)
5.3 Europe
      5.3.1 Europe Polycarbonate Market Volume, by Application, 2013 – 2020 (Kilo Tons)
      5.3.2 Europe Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)
5.4 Asia Pacific
      5.4.1 Asia Pacific Polycarbonate Market Volume, by Application, 2013 – 2020 (Kilo Tons)
      5.4.2 Asia Pacific Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)
5.5 Rest of the World
      5.5.1 Rest of the World Polycarbonate Market Volume, by Application, 2013 – 2020 (Kilo Tons)
      5.5.2 Rest of the World Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)

Chapter 6 Company Profiles
6.1 SABIC Innovative Plastics
6.2 Teijin Limited
6.3 Chi Mei Corporation
6.4 Idemitsu Kosan Co., Ltd
6.5 Mitsubishi Engineering-Plastics Corporation
6.6 Trinseo (Styron)
6.7 Centroplast Engineering Plastics GmbH
6.8 Bayer MaterialScience AG
6.9 Royal DSM
6.10 Asahi Kasei Chemical Corporation

List of Figures 

FIG. 1 Global Polycarbonate Market Segmentation, by Application, by Region
FIG. 2 Global Polycarbonate Market , 2013 – 2020 (Kilo Tons) (US$ Mn)
FIG. 3 Polycarbonate: Value Chain Analysis
FIG. 4 Global Demand for Light Vehicles, 2013 - 2020 (Mn Units)
FIG. 5 Global Consumer Electronics Market Revenue, 2013 – 2020 (US$ Bn)
FIG. 6 Thermoplastic Polymers in Electronic Components Market Volume, 2013 –  2020  (Kilo Tons)
FIG. 7 GDP Growth Rate, 2012-2015 (%)
FIG. 8 BPA Pricing, U.S., Asia and Western Europe, November 2011 – October 2013 (US$/Ton)
FIG. 9 Porter’s Five Force Analysis
FIG. 10 Polycarbonate: Market Attractiveness Analysis
FIG. 11 Polycarbonate: Company Market Share Analysis, 2013
FIG. 12 Global Polycarbonate Volume Share, by Application, 2013 and 2020
FIG. 13 Global Polycarbonate Market for Automotive Application, 2013 - 2020 (Kilo Tons) (US$ Mn)
FIG. 14 Global Polycarbonate Market for Electronics Application, 2013 - 2020 (Kilo Tons) (US$ Mn)
FIG. 15 Global Polycarbonate Market for Construction Application, 2013 - 2020 (Kilo Tons) (US$ Mn)
FIG. 16 Global Polycarbonate Market for Optical Media Application, 2013 – 2020 (Kilo Tons) (US$ Mn)
FIG. 17 Global Polycarbonate Market for Packaging Application, 2013 – 2020 (Kilo Tons) (US$ Mn)
FIG. 18 Global Polycarbonate Market for Other Applications, 2013 – 2020 (Kilo Tons) (US$ Mn)
FIG. 19 Global Polycarbonate Market, Volume Share, by Region, 2013 and 2020

List of Tables

TABLE 1 Polycarbonate Market: Global Snapshot
TABLE 2 Drivers for Polycarbonate Market: Impact Analysis
TABLE 3 Restraints for Polycarbonate Market: Impact Analysis
TABLE 4 North America Polycarbonate Market Volume, by Application , 2013 – 2020 (Kilo Tons)
TABLE 5 North America Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)
TABLE 6 Europe Polycarbonate Market Volume, by Application, 2013 – 2020 (Kilo Tons)
TABLE 7 Europe Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)
TABLE 8 Asia Pacific Polycarbonate Market Volume, by Application, 2013 – 2020 (Kilo Tons)
TABLE 9 Asia Pacific Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)
TABLE 10 Rest of the World Polycarbonate Market Volume, by Application, 2013 – 2020 (Kilo Tons)
TABLE 11 Rest of the World Polycarbonate Market Revenue, by Application, 2013 – 2020 (US$ Mn)

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Free Market Analysis



Polycarbonate is a high-performance thermoplastic polymer manufactured using bisphenol A (BPA) and phosgene as the major feedstock. Its properties include high structural rigidity, high impact and heat resistance, excellent transparency and UV resistance. These properties can be enhanced using specialty additives. Specialty additives also enhance the efficiency of extrusion and injection molding processes that are used to manufacture various polycarbonate products. 

Rising demand for polycarbonates in the automotive industry is expected to be a major factor driving market growth. Usage of polycarbonates enables automotive manufacturers to reduce the weight of a vehicle, thereby increasing its fuel efficiency and reducing the impact on the environment. Polycarbonate is fast replacing glass and metal in automotive applications. Polycarbonate also offers design flexibility to automotive manufacturers. It enables them to design components that are light in weight and aerodynamically efficient. Furthermore, significant growth in the consumer electronic industry is driving the global polycarbonate market. Polycarbonate is used in component manufacturing, which requires better dielectric properties, flame retardancy, optical clarity and impact resistance. Polycarbonate is also used in the manufacture of power distribution components, connectors, electrical chargers, battery boxes, lighting and household appliances due to these qualities. Increasing demand for polycarbonates in food & beverages and medical packaging applications is anticipated to further boost market growth. Polycarbonate can be sterilized using dry or wet heat without changing its physicochemical properties; hence, it can be used in medical packaging applications. 

BPA is one of the major raw materials employed in the manufacture of polycarbonates. BPA is a crude oil derivative. Therefore, volatility in prices of BPA has been hampering the polycarbonate market. Furthermore, low scratch resistance of polycarbonates has restrained the polycarbonate market, primarily in the automotive segment. The cost of coating for polycarbonates has increased due to low scratch resistance. This, in turn, has raised the total cost of production. Increase in research and development activities to produce bio-based polycarbonate is likely to offer high growth opportunities for players in the market. Isosorbide-based polycarbonate is one of the leading discoveries in the bio-based polycarbonate market. Development of low-cost scratch resistant polycarbonate is also estimated to offer immense growth opportunities in the market during forecast period.

Based on application, the global polycarbonate market can be bifurcated into six major segments: automotive, electronics, construction, optical media, packaging and others. In terms of volume, electronics was the dominant application segment in the global polycarbonate market in 2013. This was followed by the automotive segment in 2013. Automotive is anticipated to be the fastest growing application segment during the forecast period. Optical media application segment is expected to lose significant share in the global polycarbonate market in the next few years due to increasing digitization and cloud computing. Others application segment includes niche applications such as medical implants and tableware. The segment is likely to expand at a moderate rate during the forecast period. 

Asia Pacific dominated the global polycarbonate market with a market share of over 60% in 2013. The region is anticipated to continue its dominance over the next few years. Asia Pacific is projected to be the fastest growing region in the near future, led by expansion in several end-user industries and growth in GDP in the emerging economies of India and China. Europe was the second-largest market for polycarbonate in 2013. Demand for polycarbonates in Europe is primarily driven by rising demand for light weight and high strength material for electronics and automotive applications. 

The polycarbonate market is highly concentrated and dominated by a few global companies. The top five players constitute over 90% of the market share. Key players in the polycarbonate market include Bayer MaterialScience AG, Teijin Limited, SABIC Innovative Plastics, Trinseo (Styron), Mitsubishi Engineering-Plastics Corporation, Chi Mei Corporation, Idemitsu Kosan Co., Ltd., Royal DSM, Centroplast Engineering Plastics GmbH, and Asahi Kasei Chemical Corporation. 

polycarbonate-market

 

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