Polycarbonate Composites Market, By Reinforcement (Glass Fiber Filled, Carbon Fiber Filled, Others), By End User (Consumer Electronics, Medical Instruments, Automotive Plastics, Electrical Engineering, Packaging Plastics, Building & Construction, Others), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

The Global Polycarbonate Composites Market is projected to reach USD 5.13 billion by 2028, growing at a CAGR of 8.0% during the forecast period.

Polycarbonate Composites Market

Polycarbonates are thermoplastic polymers which contain carbonate groups in their chemical structures. They are easily worked, molded, and thermoformed. Because of these properties, polycarbonates find many applications. The medical industry will be a major driving factor for polycarbonate composites market growth in the coming years. PC composites sales will be gaining momentum over the next few years owing to countries making prominent investments in medical infrastructure and companies investing in R&D for improvising existent product line. A major restraint to the polycarbonate composites market is the challenges of regulating authorities which emphasize a reduction in plastic usage in the majority of applications. PC composites biodegradability is still a concern and manufacturers have to abide by rules set by authorities to maintain the biodegradability, at least in case of medical applications. The regulations are stringent in medical instruments and devices applications. The use of polycarbonate in consumer electronics is also highly regulated which may pose growth challenge to the polycarbonate composites market during the forecast period.

Based on the reinforcement, the polycarbonate composites market is segmented into glass fiber filled, carbon fiber filled and others. Glass fiber filled polycarbonate composites are expected to have a significant share of the global polycarbonate composites market during the forecast period. The segment will be witnessing maximum gains during the forecast years owing to the ease of availability and application in almost every end-user industry requiring polycarbonate composites. Addition of glass fiber into polycarbonate increases its overall strength and hardness and is thus rapidly replacing other plastic materials in automotive chassis manufacturing. The product segment shall experience demand in automotive, electronics and mechanical engineering segments owing to the good heat temperature, high strength, and superior electrical insulation. Carbon fiber filled reinforcement segment will be experiencing significant growth rate during the forecast timeframe. With carbon fiber reinforcing, the composite has excellent strength to weight ratio, which makes it ideal for quadcopters, biomedical devices, and tools & fixtures. Graphene and carbon nanotubes and nanofibers will be witnessing moderate growth during the forecast period, as their application in end-user industry is at its nascent stage and need more research efforts in that field in the coming years.

Based on end user, Consumer electronics are expected to lead the global polycarbonate composites market during the forecast period. Consumer electronics include handheld devices, personal computers, television sets, video/audio devices, gaming consoles, and personal care products. The end-user segment is very vast and shall experience new growth avenues in the coming years. Polycarbonate composites are used in manufacturing TV sets, tablets and notebooks due to their low weight, ease of processing and mechanical strength. Electrical engineering will be the fastest growing end-user segment in polycarbonate composites market during the forecast period. The segment will witness a rapid increase in polycarbonate composites applications in the coming years. PC composites have excellent insulation properties and superior flame-retardant properties, which makes it highly suitable for electrical and telecommunication hardware. Automotive industry held a substantial share in the global polycarbonate composites market. Automotive companies are changing their preferences towards lightweight yet high performing materials to replace heavy metal parts in the vehicle body. PC composites are lightweight, have high flexural strength and durability which makes them suitable for automobile chassis and other automotive interior applications.

Polycarbonate Composites Market

The Asia Pacific is expected to be the biggest market for polycarbonate composites during the forecast period, in terms of volume and value. The region has increasingly become a hub for manufacturing start-ups and rapidly gaining investments from across the globe. The two main flourishing sectors are consumer electronics and automotive plastics. The sturdy growth in these sectors is propelled majorly by the exponentially growing sales numbers of automotive in the region. China, India, Japan, South Korea, and Thailand are major automotive markets and have substantial demand for polycarbonate composites, which is also likely to increase over the forecast timeframe. Growing consumer electronics market in North America and Europe will be driving polycarbonate composites demand in the coming years. There’s a huge demand for handheld devices, small bots, and tablets in these regions which have significantly driven polycarbonate composites application in consumer electronics in the past few years.

Key Factors Impacting the Growth of Polycarbonate Composites Market:

• High Demand from electronics, automobiles and construction industries

• Increasing adoption of PC Composites in medical instruments

• Stringent regulations regarding the use of plastic

• Increasing research and development of composites

Key Developments in the Polycarbonate Composites Market:

• In June 2016, Covestro (Germany) started development work on polycarbonates for automotive tires. The company's Makrolon polycarbonate is added to carbon-fiber-reinforced composites and is proving highly impact resistant and provides an A class surface

• In June 2017, Teijin Limited (Japan) developed the first polycarbonate composite for use in sporty electric vehicles produced by GLM Co. Ltd. (Japan)

What Does This Report Provide?

This report provides a detailed understanding of the global polycarbonate composites market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the polycarbonate composites market.

Market Segmentation:

By Reinforcement:

• Glass Fiber Filled

• Carbon Fiber Filled

• Others

By End User:

• Consumer Electronics

• Medical Instruments

• Automotive Plastics

• Electrical Engineering

• Packaging Plastics

• Building & Construction

• Others

By Region:

• North America

• By Country (US, Canada, Mexico)

• By Reinforcement

• By End User

• Western Europe

  • By Country (Germany, UK, France, Spain, Rest of Western Europe)

  • By Reinforcement

  • By End User

• Eastern Europe

  • By Country (Russia, Turkey, Rest of Eastern Europe)

  • By Reinforcement

  • By End User

• Asia Pacific

• By Country (China, Japan, India, Rest of Asia Pacific)

• By Reinforcement

• By End User

• Middle East

  • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

  • By Reinforcement

  • By End User

• Rest of the World

• By Region (South America, Africa)

• By Reinforcement

• By End User

Companies Covered: Major Companies profiled in the report which are key players in the global polycarbonate composites market are Chi Mei Corporation, Sabic Innovative Plastics, Mitsubishi Chemical Corporation, LG Chem, Covestro, Asahi Kasei Advance Co. Ltd., Teijin, Samyang Corporation, The Bond Laminates GmbH, Formosa Chemicals & Fibre Corporation, and Trinseo.

Years Considered In The Study

Reasons To Buy This Report:

• Market size estimation of the global polycarbonate composites market on a regional and global basis.

• Unique research design for market size estimation and forecast.

• Profiling of major companies operating in the polycarbonate composites market with key developments.

• Broad scope to cover all the possible segments helping every stakeholder in the polycarbonate composites market.

Customization:

We provide customization of the study to meet specific requirements:

• By Segment

• By Sub-segment

• By Region/Country

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