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Many factors affect the Polycarbonate Composites market's growth, trends, and performance. Automotive demand for lightweight and durable materials drives the industry. Polycarbonate composites are being used for bumpers, interior panels, and structural elements in the vehicle industry to improve fuel efficiency and sustainability.
The construction industry also affects market dynamics. These materials appeal to architects and builders seeking new solutions due to their strength and lightness. Polycarbonate composites help to green building projects, which enhances their popularity.
Global environmental concerns and laws shape polycarbonate composites markets. Recycling and environmentally friendly products are becoming more popular as firms strive to reduce carbon footprints.
However, variable raw material prices and costly polycarbonate composite production methods affect market dynamics. These composites' production cost depends on polycarbonate resin and reinforcing fiber pricing. Market companies must manage cost volatility while maintaining product competitiveness.
The Asia-Pacific polycarbonate composites market is noteworthy. In China and India, end-user industries including automotive and construction are growing, driving demand for these materials. The region's manufacturing and cheap labor further boost the market. North America and Europe also matter due to sustainable practices and advanced material utilization in numerous industries.
Polycarbonate composites market dynamics depend on technological advances and breakthroughs. Research and development are improving these materials' characteristics, boosting their applications and market. Improving flame retardancy, UV resistance, and durability diversifies polycarbonate composites in numerous domains.
The industry demand, regulatory landscape, environmental concerns, and technological breakthroughs affect the Polycarbonate Composites market. As industries seek lightweight, durable, and environmentally friendly materials, the polycarbonate composites market will increase and diversify globally. The material's adaptability and capacity to meet changing industry needs have led to a strong market outlook, notwithstanding obstacles.
Polycarbonate Composites Market Highlights:
Polycarbonate Composites Market Overview
Global Polycarbonate Composites Market is expected to reach USD 3.5 Billion during the forecast period 2021-2030, registering a CAGR of 5.8%.
Polycarbonate composites exhibit unique mechanical properties such as heat resistance, dimensional stability, high tensile strength, and excellent insulation. They are widely used in the electronics, construction, machinery, packaging, and transportation industries.
Polycarbonate composites are used to manufacture connectors and cable ducts for electronic appliances. The growing adoption of smartphones, coupled with digitalization, has increased the application of polycarbonate composites in electronic appliances. The increasing disposable income of the middle-class population has increased the sale of electronics in developing countries, which is expected to positively influence the growth of the global polycarbonate composites market during the forecast period.
In the automotive industry, polycarbonate composites are used in the manufacturing of bumpers, bullet-proof glasses, side windows, and headlamp lenses. The automobile manufacturers are demanding polycarbonate composites owing to its unique lightweight properties. Further, the growing adoption of electric vehicles is surging the need for lightweight materials which is driving polycarbonate composite market growth. For instance, In June 2017, Teijin Limited developed the first polycarbonate composite for use in sporty electric vehicles produced by GLM Co., Ltd. Thus, the increasing production and sale of electric vehicles are estimated to drive the growth of the global polycarbonate composites market.
Key Players
- SABIC (Saudi Arabia)
- Chi Mei Corporation (China)
- Asahi Kasei Advance Corporation (Japan)
- Formosa Chemicals & Fibre Corporation (China)
- LG Chem (South Korea)
- Trinseo (US)
- Teijin Limited (Japan)
- Mitsubishi Chemical Corporation (Japan)
- Samyang Corporation (South Korea)
- Nudec (Spain)
- The Bond Laminates GmbH (Germany)
- Covestro (Germany)
Global Polycarbonate Composites Market Share, by Application, 2018 (%) 
Source: MRFR Analysis
Regional Analysis
The global polycarbonate composites market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The Asia-Pacific market held the largest share in 2018 and is projected to be dominant owing to the increasing use of polycarbonate composites in automobiles. The demand for lightweight and fuel-efficient vehicles in the region is expected to boost regional market growth. The increasing automobile production in the India, Indonesia, and Malaysia on account of increased spending coupled with rising per capita disposable income of consumers is driving the growth of the automotive industry, which is likely to fuel the demand for polycarbonate composites.
North America is another prominent market for polycarbonate composites. The growth in medical, electronic, and automotive sectors is anticipated to drive the demand for the polycarbonate composites during the forecast period. The America Automotive Policy Council reported that the US automobile production is expected to exceed to 11 million in 2021 and estimated to reach 12 million in 2025, thus rise in automotive production is likely to impact polycarbonate composites market.
The demand for polycarbonate composites in Latin America and the Middle East & Africa is expected to grow substantially with the increase in demand for lightweight materials in the machinery, electronics, and automotive industries in the regions.
Segmentation
The global polycarbonate composites market has been segmented by reinforcement, application, and region. By reinforcement, the global market has been classified into glass fiber filled, carbon fiber filled, aramid fibers filled, graphene, others. The glass fiber filled segment is estimated to register a CAGR of~4.5% owing to increasing application in medical instruments and devices during the forecast period. Based on application, the global market has been divided into automotive plastic, medical instruments, electrical engineering, consumer electronics, and others. Automotive plastic and medical instruments segments are likely to witness remarkable growth owing to high demand for lightweight plastic in electric vehicles and consumers electronic appliances.
The global market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Intended Audience
- Polycarbonate composites producers
- Traders and distributors of polycarbonate composites
- Potential investors
- Raw material suppliers
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