Global polycarbonate resin market to reach $16.4 billion by 2020

The polycarbonate resin market is expected to reach $16.4 billion from more than $12 billion in 2015, at a CAGR of 6.3 percent between 2015 and 2020, according to a MarketsandMarkets report.
 
Electrical & electronics is estimated to be the largest segment, both in terms of value as well as volume, in 2015 with a market share of more than 21 percent of the total polycarbonate market. This segment is also projected to maintain its leading position till 2020. The growth in electrical & electronics application is expected to be driven by the increased usage of polycarbonate in this industry to manufacture various injection moulded components, due to the superior electrical properties of polycarbonate.
 
With 61 percent share of the global polycarbonate market in 2014, Asia-Pacific is the largest consumer of polycarbonate globally. The demand for polycarbonate in region is projected to grow at a CAGR well above the global average. The high growth in this region is attributed to the well-established end-use industries for polycarbonate in Asia-Pacific, which also includes electrical & electronics, automotive, and others.
 
Leading companies, such as Sabic Innovative Plastics, Bayer MaterialScience, Teijin Ltd, Mitsubishi Engineering Plastics Corporation, and Chi Mei Corporation are focusing on development of new polycarbonate products through research and innovation, in order to expand their product portfolio and application areas.