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Polycarbonate Resin Market worth $18.3 Billion by 2018 - New Report by MarketsandMarkets(February 12, 2014)
(PRWEB) February 12, 2014
The report Polycarbonate Resin Market by Applications (Automotive, Consumer, Electrical & Electronic, Medical, Optical Media, Packaging & Sheet & Film) & Geography - Trends & Forecasts to 2018 defines and segments the global polycarbonate resin market with analysis and forecasting of the global revenue and consumption. It also identifies driving and restraining factors for the global polycarbonate resin market with analysis of trends, opportunities, burning issues, winning imperatives. The market is segmented, and consumption and revenues are forecasted on the basis of major regions such as North America, Western Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and forecasted for each region. Further, market is segmented and revenues are forecasted on the basis of major type of PC resins used in various industries such as automotive, consumer, electrical & electronic, medical, optical media, packaging, sheet & film, and others.
Browse 72 market data tables and 23 figures spread through 183 pages and in-depth TOC on Polycarbonate Resin Market
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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 & Electronicmajor 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.
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