Polycarbonate (PC) is a transparent thermoplastic polymer containing carbonate groups in their chemical structures. PC is produced by a common method of polymerization between bisphenol A. During this process, toxic gases carbon monoxide and chlorine are emitted.
Global polycarbonate resin production capacity was 5100 Kt in 2018 and it is expected to increase during the forecast period owing to growing demand from various end use sectors such as electrical and electronics, automotive, and others. Asia-Pacific region is producing high amount of PC as compared to other regions owing to their properties such as lightweight, durability & innovative potential in plastics market.
It is a recyclable polymer which is most commonly used in medical gadgets, and it can also be supported as a substitute to PVC due to its superior properties such as durability at low temperatures, high-heat resistance, cold form ability, high transparency, and excellent flammability resistance. Thus, growth in medical device production boosts the global PC market growth. According to ProMexico, total production value of the global medical device industry production value was increased by almost 14% from 2015 to 2017.
Growth in the building and construction industry is also one of the factors that is propelling the market growth. Because of its high-performance properties of this plastic polymer make it a leading plastic material used in construction industry. For instance, according to the European Construction Industry Federation, the construction sector in Europe has grown approximately 4% in 2018 from the previous year and reached EUR 264.860 billion.
Polycarbonates are very expensive compared to plastic and glass. As a result, customers opt for other alternatives such as Acrylonitrile Butadiene Styrene this the major factor that is hindering the global polycarbonate market growth.
By form, The Polycarbonates Market is segmented into
• Polycarbonates sheets
• Polycarbonates films
• Polycarbonates plates
• Others (includes Polycarbonates strips)
By Application, The Polycarbonates Market is classified into
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