Polycarbonate Market in China to Grow by USD 4.59 billion | Technavio

The polycarbonate market in China covers the following areas:

Polycarbonate Market In China Sizing
Polycarbonate Market In China Forecast
Polycarbonate Market In China Analysis

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.

Chimei Corp., Covestro AG, Idemitsu Kosan Co. Ltd., LG Chem Ltd., Lotte Chemical Corp., Mitsubishi Engineering-Plastics Corp., Saudi Basic Industries Corp., SAMYANG HOLDINGS Corp., Teijin Ltd., and Trinseo SA, among others, are some of the few key vendors competing to maintain their market position.

View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

• Segmentation by End-user: 
• Electrical and electronics: 
• The electrical and electronics segment will contribute largely to the overall market growth during the forecast period.
• Polycarbonate is used widely in electrical and electronics applications. It has many applications in niche segments such as liquid crystal display (LCD) panels, optical filters, and sunglasses. The rising demand for high-resolution LCD TVs and other electronic devices is expected to raise the demand for and consumption of polycarbonates in this segment during the forecast period.
• Automotive and transportation
• Construction
• Medical
• Others

• Segmentation by resin type:
• Virgin polycarbonate:
• In terms of resin type, the virgin polycarbonate segment will generate significant revenue during the forecast period.
• The mechanical recycling of thermoplastics is one of the major recycling approaches, where recycled plastic is melt-blended with virgin materials to obtain a high-quality product, besides obtaining the desirable mechanical properties, such as blends that conform to fire safety standards.
• Polycarbonate regrind

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Latest Trends and Drivers in the Polycarbonate Market in China

• Market Driver:
• Increasing applications of polycarbonate materials in end-user industries:

The aerospace industry requires small and light components to reduce material costs. This has driven the need for the miniaturization of electronic components. The use of advanced materials, such as polycarbonates, has increased in the manufacture of optoelectronics, owing to its superior optical and mechanical properties. Thus, the increasing applications of polycarbonate materials in industries is expected to boost the growth of the market.

• Market Trend:
• Increasing popularity of polycarbonate in the automotive industry in China:

Polycarbonate materials are used in various components, such as acoustic panels, instrument panels, and anti-vibration panels, in the automotive industry. Strong support from the government and ad hoc tax incentives have led to high sales in the automotive industry in China. The increased local production of automobiles mitigates the issue of low plant capacity utilization of some of the local manufacturers in The country. This enables domestic brands to increase their market shares. Thus, the rising demand for polycarbonate materials from different industries in China will drive the growth of the market during the forecast period.

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