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The global polycarbonate market is led by the Asia Pacific region. The Asia Pacific is the major supply market for polycarbonate, driven by the rapid industrialization in the region. The robust growth of the construction industry in the region, especially in India and China, is further supporting the growth of the regional polycarbonate market. The European Union and North America are also significant markets for the product.
The overall global polycarbonate market witnessed a rapid growth in the historical period due to the growing automobiles and construction sectors. Polycarbonate is a transparent plastic, which is utilised in the making of shatter-resistant frames, light eyeglass lenses, ad other similar objects. They are carbonate-containing thermoplastic polymers in their chemical structures. In engineering, the polycarbonates are solid, hard materials, and some grades are optically transparent. They are easy to work, mould, and thermoform, making them extremely useful, with several applications.
In July 2018, Covestro AG (OTCMKTS: COVTY), a major player in the polycarbonate industry, announced that it was investing nearly EUR 100 million for the expansion of its global film production to meet the growing demand for these products in the automotive, medical technology and security card industries, amongst others. The capacity expansions are expected to take place in Map Ta Phut, Thailand, Guangzhou, China, South Deerfield, USA, and Dormagen, Germany. With the films primarily derived out of thermoplastic polyurethane (TPU) and polycarbonate, the capacity expansion will positively affect the global polycarbonate market in the coming years.
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The major players in the global polycarbonate market are Covestro AG (OTCMKTS: COVTY), SABIC, Teijin Limited, Trinseo S.A., Mitsubishi Chemical Corporation, and Formosa Chemicals & Fibre Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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