Polycarbonate Composites Market Analysis

Polycarbonate Composites Market Analysis

Glass fiber filled polycarbonate composites held a substantial chunk of global polycarbonate composites market in 2018. 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.
 

Consumer electronics led the end-user segment of global polycarbonate composites market in 2018. Consumer electronics includes 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 global PC composites market in 2018 and shall augment product demand over the forecast timeframe. Automotive companies are changing their preferences towards light weight yet high performing materials to replace heavy metal parts in vehicle body. PC companies is light weight, has high flexural strength and durability which makes it suitable for automobile chassis and other automotive interior applications. Asia Pacific and Latin America will be regions in near future which will be driving automotive sales and hence will be positively influencing PC composites market during the forecast period.
 

Asia Pacific led the global polycarbonate composites market in 2018, in terms of volume and value. The region has increasingly become 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 huge demand for handheld devices, small bots and tablets in these regions which has significantly driven polycarbonate composites application in consumer electronics in past few years.