Polycarbonate resin market is expected to reach 6.25 million tons by 2020, growing at a CAGR of 5.4%

Polycarbonate resins are tough thermoplastics usually derived from bisphenol A and phosgene. Polycarbonate resin was commercialized in the early 1960s and is now the second-largest-volume engineering resin produced, following crystalline nylon.

PRnob.com, 27 JULY, 2015 - Polycarbonate (PC) resins are a type of thermoplastic resins which are formed out of ring structured aromatic polycarbonate combinations. These resins are known for their exceptional mechanical properties, and their heat and freeze resistance attributes as well. Polycarbonates find their applications in engineering are tough materials and some grades are optically transparent. Polycarbonates are also good electrical insulators and possess flame retardant properties. The material is commercially available as three broadly classified grades; injection molding, UV stabilized and optical.

Majority of the products made out of polycarbonate resins are made by subjecting a polycarbonate resin to an injection molding process where the polymerized material hardens inside a mold until it permanently takes on its allotted shape. Polycarbonate resins cannot have low tolerance level to solvents such as benzene or acetone which are otherwise found in household cleaning products. In such cases the material is treated with a coating which can insure damage against exposure to such chemicals or even ultraviolet radiation. Such treated polycarbonate resins are considered to be of the UV stabilized grade.

One major advantage for polycarbonate resins are its unique properties with various applications. These properties of polycarbonates cannot be easily substituted with some other thermoplastics. Owing to their high density and impact strength, they have a broad range of applications in manufacturing products such as optical disks, eyeglasses, bullet proof glasses, medical equipment, automotive, aerospace and security components. Polycarbonates are most commonly used in manufacturing optical disks, optical wear, headlamp lenses and sporting helmets and in manufacturing high quality optical products for military grade applications. As per the latest trend of innovative wear, polycarbonates due to their light weight and electrical properties are used in development of electronic display screens that replace glass.

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“The automotive glazing sector will witness the fastest growth as compared to other applications.”

Polycarbonates dominated the market for vehicle headlamp covers for more than a decade. Now with advanced tools and machinery, polycarbonate glazing is being molded into even larger parts which saves considerable weight and offers better design and styling. With the demand for fuel efficient automobiles resulting in the increased demand for lighter automobile parts, the automotive sector will be the second largest contributor to revenues for polycarbonate, but is the fastest growing market. With the increased demand for consumer electronics, moderate to good revenue growth rates for the polycarbonates industry can be projected for at least the next five years. Developing regions, such as India, South-East Asia and China will be the major contributors to the growth of consumer electronics making it the largest market for this industry.

Optical media for storage has already been substituted with other forms of data storage, thus a contracting market is witnessed for polycarbonates resin here. Some developing nations and the innovation of Blu-ray discs still has the market afloat, but overall the market has begun to decline. Polycarbonate resin in building and construction sector is driven by PC sheet in glazing and its growing demand in the Asian region. The latter stages of 2015 and its succeeding years will witness moderate prices as supply become easier, owing to increased petrochemical production and decrease in crude oil prices globally.

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Asia Pacific has been prominent in the global polycarbonate market, both on the production and consumption front. The demand for polycarbonate resins is mainly driven by developing economies such as India and China.  Bayer Material Science AG (Germany), Saudi Basic Industries Corp., Innovative Plastics (U.S.) are the major global players, these are followed by Teijin Ltd. (Japan) and constitute around 60% of the current 4.56 million tons production capacity in the market. Mitsubishi Engineering Plastics Corporation (Japan), LG Polycarbonate Ltd. (South Korea) and Idemitsu Kosan Co Ltd. (Japan) are among other major suppliers for polycarbonate resins with a strong presence in the Asia Pacific market. Europe can be considered to be one of the rapidly growing markets for polycarbonates owing to the developments in the automobile sector, followed by America.

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