Global PC Compounding Market: Introduction
Polycarbonate is a thermoplastic polymer that contains carbonate group in its chemical structure. Polycarbonate compounds have emerged as leading materials for the automotive sector, particularly for automotive glazing applications such as windscreens, side windows, rear windows, and panoramic roofs, as well as for wheel covers, hoods, and safety helmets. The global PC Compounding Market is estimated to value at nearly US$ 3.8 Bn in 2019, and is expected to register a CAGR of 4.7% over the forecast period.
Global PC Compounding Market: Dynamics
Major factors driving growth of the global market is growing demand for PC compounds across various automotive applications. Various types of PC compounds such as PC/ABS, PC/PBT, and PC/PET are used in manufacturing of automotive products as these compounds possess unique properties such as stiffness, gloss, impact, and high heat resistance. PC compounds are also used in production of structural components, glove box, pillars, in glazing, and roof modules in cars.
In addition, growing population, and changing lifestyle of consumers, coupled with stringent government regulations regarding vehicle and passenger safety are among some other major factors expected to further fuel production and sales of vehicles, which in turn expected to bolster demand for PC compounds subsequently and drives growth of the target market over the forecast period.
Furthermore, increasing adoption of PC compounds in wide-range of electronics applications such as in TV frames, laptop monitor enclosures, portable hand-held devices, LCD panels, keypads, adapters and chargers, and mobile phone bodies.
Moreover, PC compounds are also used to manufacture medical devices such as blood oxygenators, reservoirs, automated external defibrillators, auto-injectors, mobile medical injector pumps, oxygen concentrators, intravenous access, and injection systems, owing to its excellent optical clarity, high heat distortion temperature, and chemical resistance to alcohol and lipids.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, application, and region. The product type segment includes PC/ABS, PC/PBT, PC/ASA, PC/PMMA, and PC/PET. The application segment includes automotive, appliance, electronics, industrial parts, healthcare parts, and others. The region/Country includes the US, Europe, China, Japan, South Korea, Taiwan, and Rest of the World.
By Product Type:
The PC/ABS segment dominates the global market in terms of revenue and also anticipated to register a significant CAGR of over 5% over the forecast period in the global market
The automotive segment is expected to register highest revenue share and a significant CAGR of over 4.9% over the next 10 years
The market in China is accounted for leading share in terms of revenue and expected to register a highest CAGR of over 5.3% in the global PC compounding market
Global PC Compounding Market: Competitive Analysis
The research report on the global PC compounding market includes profiles of some of the major companies such as Mitsubishi Chemical Holdings Corporation, GRUPO REPOL, Polyram Plastics Industries Ltd., DowDuPont Inc. (E. I. du Pont de Nemours and Company and The Dow Chemical Co.), Formosa Chemicals & Fibre Corporation, MRC Polymers, Inc., Covestro AG, Saudi Basic Industries Corporation, Teijin Limited, LOTTE Chemical Corporation (LOTTE Advanced Materials CO., LTD.), Chi Mei Corporation, Daicel Corporation, RTP Company, Inc., PolyOne Corporation, Gardiner compounds Ltd., Ever Plastic Co. Ltd., Shanghai Kumho Sunny Plastics Co., Ltd., Kingfa Sci. & Tech. Co., Ltd., Silver Age Sci & Tech Co., Ltd., ZHEJIANG JUNER NEW MATERIALS INC., Shanghai PRET Composites Co., Ltd., Qingdao Gon Technology Co., Ltd., Shenzhen WOTE Advanced Materials Co., Ltd., Novalca S.r.l, Sparsh Polychem Private Limited, Shenzhen Fuheng New Materials Co., Ltd., Guangzhou Jusailong Engineering Plastics Co., Ltd., Nord Color S.p.A, Jiangsu Ginar Plastic Technology Co., Ltd., Polyrocks Chemical Co., Ltd., Nevicolor SpA, ALTEX s.r.l., ANSA TERMOPLASTICI S.R.L., LG Chem, Ltd., and Sumitomo Chemical Co. Limited.
The Global PC Compounding Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global PC Compounding market for 2018–2028.
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