GLOBAL POLYCARBONATE RESIN MARKET

Transcription

1 GLOBAL POLYCARBONATE RESIN MARKET BY APPLICATIONS (Automotive, Consumer, Electrical & Electronic, Medical, Optical Media, Packaging & Sheet & Film) & GEOGRAPHY MarketsandMarkets

2 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace & defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages 2

3 1 EXECUTIVE SUMMARY The PC industry witnesses a high growth on account of growing end-use applications, technological advancements, and growing demand in the Asia-Pacific region. It is largely used in industries such as automotive, consumer, electrical & electronic, medical, packaging, sheet & film, and others. TABLE 1 PC MARKET VOLUME, BY GEOGRAPHY, (KT) Region CAGR% ( ) North America Western Europe Asia-Pacific ROW Total Source: MarketsandMarkets Analysis The market for PC was about KT in 2012 and is further forecasted to grow at a CAGR of from 2013 to 2018, to reach KT by Asia-Pacific dominated the PC market and consumed about in A rapidly growing end-user industry demand in this region drives the growth of the PC market. Asia-Pacific and the ROW regions are expected to show the highest CAGR of, mainly driven by the consumption in the South East Asian countries, and various upcoming end-user industries in Latin America and the Middle East. MarketsandMarkets Sample Pages 3

4 2 PREMIUM INSIGHTS 2.1 POLYCARBONATE MARKET DYNAMICS FIGURE 1 PC: DRIVERS VS RESTRAINTS RESTRAINTS DRIVERS Source: Expert Interviews, and MarketsandMarkets Analysis It is clear from the figure above that there are quite a few numbers of factors in the market, that restrict its growth as compared to the driving factors driving the market ahead at a high growth rate. MarketsandMarkets Sample Pages 4

5 3 MARKET OVERVIEW 3.1 MARKET DYNAMICS DRIVERS Growing Demand from the Automotive Industry Thermoplastic polymers are highly efficient and preferred in the automotive industry because of growing demand for light weight, high performance, and recyclable materials for exterior and interior parts applications. The automotive industry is gaining momentum owing to the healthy demand for low end cars in the growing economies. The weight of thermoplastic polymers used in the industry is less, although the volume has consistently increased year-onyear. TABLE 2 AUTOMOTIVE PRODUCTION, BY COUNTRY, 2012 Country Units Produced China U.S. Japan Germany South Korea Source: Secondary Research and MarketsandMarkets Analysis The ability of PC and its blends to be colored, provide anti scratch coatings, low temperature, and pressure impact. PC grades are available in blends with varied proportions of other engineering plastic (s), and also UV cured to best suit automotive applications. PC is specifically preferred to manufacture head lamps, sunroof, and window glazing. Besides, it is MarketsandMarkets Sample Pages 5

6 used in door panels, bumpers, door handles, wheel pads, pillar covers, and few other interior parts as a blend. The auto glazing trend is seen to be widely received by the luxury car manufacturers, and this grade is costlier than the normal automotive grade PC. The auto glazing application of PC is aimed to commercialize in the coming years. Bullet proof glass is made through PC blends. This is a special application of polycarbonate due to its optical properties and impact resistance. The material weighs one sixth of glass for the same volume. This reduction in weight assures fuel economy and better distances in case of electric cars. These factors drive the need for various PC grades in the automotive industry OPPORTUNITIES High Application in the Electrical & Electronics PC resins are efficient in electrical & electronic applications that serve the current market, and are expected to serve the potential future markets. Electrical & electronics application of PC resins is its dominant end-user applications. Hardware upgrade and need for lighter and safer electronic gadgets demands PC resin material that is durable, sustains a high temperature, anti-shatter, and has extremely good optical properties. TVs, mobile phones, laptops, PDAs, video, and audio players use PC in a coated, film or molded form. TABLE 3 ELECTRONIC EQUIPMENT PRODUCTION, BY GEOGRAPHY, 2012 Region Market Share (%) Asia Pacific North America Western Europe ROW Source: Secondary Research and MarketsandMarkets Analysis MarketsandMarkets Sample Pages 6

7 PC provides excellent antistatic coating, it is used in electronic devices to prevent static electricity. Antistatic property is mandatory for most of the electronic gadgets that are used daily. This is an evergreen market space for PC. The big screen TV market has evolved from Cathode Ray Tube (CRT) to Liquid Crystal Display (LCD), Plasma, and now Light Emitting Diode (LED). These TVs use PC films that are sandwiched between different layers of the screen. The diffuser coating is applied through films made of PC that makes the LCD and LEDs to glow uniformly and brighter. The big screen TV market also targets Organic Light Emitting Diode TVs (OLED) that is currently very low in market share, not in a full-fledged commercial scale. OLED TVs are projected to grow steadily in the big screen market and earn a bigger share in the future. This trend also is extended to creative home décor such as, ceiling and standing lamps. Architects and creative home designers prefer PC films for uniform light transmission in gadgets. PC is expected to penetrate into the E&E market much further in the future as its use has become unique in most of the gadgets, which currently is not substituted by any other material in the industry. MarketsandMarkets Sample Pages 7

8 4 POLYCARBONATE RESIN MARKET, BY APPLICATION 4.1 INTRODUCTION Polycarbonate is one of the dominant engineering plastics commercially available. It is known for exceptional optical properties along alongside temperature stability. It is shatter proof and is better than other transparent materials that are either heavier or have low impact resistance. The PC grades are used along with the other major engineering plastics that strengthen those unfavorable properties of PC. PC is used in a wide range of applications in different industries such as automotive, consumer, electrical & electronic, medical, optical media, packaging, sheet & film, and other applications. FIGURE 2 PC MARKET CONSUMPTION SHARE, BY APPLICATION, 2012 E & E Optical Sheet & Consum Automo Medica Packag Other Source:Secondary Research, Expert Interviews and MarketsandMarkets Analysis Two of the major end application markets for PCs, electrical & electronic (E&E) and optical media, accounted for in Almost of the PC was delivered by the electrical & electronic industry alone. The electrical & electronic PC segment has surpassed the optical media segment in the last five years. The optical media market has remained as one of the MarketsandMarkets Sample Pages 8

9 critical PC market as the material is unique to the industry. The optical media application, second largest, accounted for in In 2012, the sheet & film industry alone consumed and posed as the third largest consumer. Automotive, medical, packaging, and other industries combined possessed share of the global PC market. MarketsandMarkets Sample Pages 9

10 5 POLYCARBONATE MARKET, BY GEOGRAPHY 5.1 INTRODUCTION NORTH AMERICA The North American market is diversified and holds PC manufacturers, keenly focused in developing new product and technologies, to cater the need for sophisticated and user friendly gadgets. The key countries in the region are the U.S., Canada, and Mexico. Mexico is projected to show the highest growth among three countries in the region. The North American region had a market consumption of KT in In terms of value, the North American PC market is likely to grow at CAGR of from 2013 to SABIC IP (U.S.) and Styron (U.S.) are amongst the top five companies in the market with the former holding more than of the global market share are headquartered in the region. FIGURE 3 NORTH AMERICA: PC MARKET SHARE, BY COUNTRY, 2012 U. Me Ca Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis MarketsandMarkets Sample Pages 10

11 The U.S. is the major consumer of PC resin in North America, which accounted for nearly of the total consumption in Subsequent to the U.S. are Mexico and Canada with a share of and ASIA-PACIFIC Taiwan Plastic processing is a major industry in Taiwan, and it stands as one of the main producer and second biggest consumer of PC in the Asia-Pacific region. It holds the manufacturing base of top regional PC manufacturers. The country held around of the total consumption of PC in in Electrical & electronic, optical media, and consumer applications are the major PC applications in terms of consumption. The top three PC consumer segments shared around of the PC consumption in TABLE 4 TAIWAN: PC MARKET VALUE, BY APPLICATION, ($MILLION) Application CAGR% ( ) E & E Optical Media Sheet & Film Consumer Automotive Medical Packaging Other MarketsandMarkets Sample Pages 11

12 Application CAGR% ( ) Total Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis The Taiwanese PC market was valued at about $ million in 2012, which is projected to be about $ million by 2018, growing at a CAGR of about from 2013 to Medical and automotive applications are expected to experience the highest growth with the CAGRs of and, respectively. The dominant market electrical & electronic is expected to share of the total revenue by MarketsandMarkets Sample Pages 12

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