Polycarbonate Resin Market worth $18.3 Billion by 2018

Wednesday 12 February 2014, Amsterdam

PC is replacing materials that are conventionally used for their optical transmission properties. It has the ability to form end products of various shapes adhering to many conventional and innovative plastic processing techniques. PC is observed to make effective compounded plastics when blended with other engineering plastics. PC is expected to replace glass in many applications as its impact resistance is higher and it weighs only one-sixth for the same volume of glass. It has a very good temperature resistance making it adaptable for high temperature applications. These factors add to the growth of PC resins.

Evolving Bio-based PC grades are expected to create future market spaces for the plastic.


Electrical & Electronic–major market for PC resin

PC resins are available as general purpose grade, optical grade, and extrusion grade commercially. These individual PC grades have application specific demands differentiated by cost and efficiency. PC is useful in applications such as automotive parts, industrial roofing, consumer & house-ware products, medical equipment, aircraft coating, sports & leisure equipment, various types of bottles, electronic appliances, housing of various consumer electronics, green house construction, CDs, DVDs and Blu-ray discs, and several others. These materials result in minimizing energy consumption and increase in efficiency of the applications.


Global PC resin market to reach $18.3 billion by 2018

The global market for PC resin in terms of revenue was estimated to be worth $12.1 billion in 2012 and is expected to reach $18.3 billion by 2018, growing at a CAGR of 7.1%, in terms of revenue, from 2013 to 2018. APAC region dominated the global PC resin market, accounting for 61.7% of the global PC market revenue in 2012.The APAC is expected to have the highest market revenue in 2018 followed by the Western European market. ROW a collection of individual country markets is expected to be the fastest growing marketing the future, with a CAGR of 5.7% from 2013 to 2018, owing to rising consumption in this region where the end-user markets of PC are growing steadily. The Western European market is expected to grow at a rate of 5.6%, in revenue terms and 3.5% in consumption terms from 2013 to 2018.