DUBLIN, March 8, 2019 /PRNewswire/ -- The "Global Polycarbonate Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The analysts have predicted that the polycarbonate market will register a CAGR of almost 5% by 2023.
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.
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.
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.
The key players in the global polycarbonate market are Covestro AG, LG Chem., Mitsubishi Gas Chemical Company, Inc., Sabic, Teijin Limited, Trinseo.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Electrical and electronics - Market size and forecast 2018-2023
- Consumer goods - Market size and forecast 2018-2023
- Automotive - Market size and forecast 2018-2023
- Construction - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Capacity expansion and product development
- Rise in M&A activities
- Rising demand from new technologies
PART 11: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Covestro AG
- LG Chem.
- MITSUBISHI GAS CHEMICAL COMPANY, INC.
- TEIJIN LIMITED
PART 13: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/5pmclq/global?w=5
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