Global PC Compounding Market: Executive Summary on Trends, Latest Developments, Growth Drivers & Risks, Favourite Brands, and Regional Leaders Overview (Includes Business Impact of COVID-19)

                                          
The global PC compounding market is estimated to value at nearly US$ 3.8 Bn in 2019, and is expected to register a CAGR of 4.7% over the forecast period. The global PC compounding market is segmented on the basis of product type, application, and region/country.

Global PC Compounding Market: Introduction


Polycarbonate is a thermoplastic polymer that contains carbonate group in its chemical structure. Polycarbonate compounds have emerged as leading materials for the automotive sector, particularly for automotive glazing applications such as windscreens, side windows, rear windows, and panoramic roofs, as well as for wheel covers, hoods, and safety helmets.

Global PC Compounding Market: Dynamics

Major factors driving growth of the global market is growing demand for PC compounds across various automotive applications. Various types of PC compounds such as PC/ABS, PC/PBT, and PC/PET are used in manufacturing of automotive products as these compounds possess unique properties such as stiffness, gloss, impact, and high heat resistance. PC compounds are also used in production of structural components, glove box, pillars, in glazing, and roof modules in cars.

In addition, growing population, and changing lifestyle of consumers, coupled with stringent government regulations regarding vehicle and passenger safety are among some other major factors expected to further fuel production and sales of vehicles, which in turn expected to bolster demand for PC compounds subsequently and drives growth of the target market over the forecast period.

Furthermore, increasing adoption of PC compounds in wide-range of electronics applications such as in TV frames, laptop monitor enclosures, portable hand-held devices, LCD panels, keypads, adapters and chargers, and mobile phone bodies.

Moreover, PC compounds are also used to manufacture medical devices such as blood oxygenators, reservoirs, automated external defibrillators, auto-injectors, mobile medical injector pumps, oxygen concentrators, intravenous access, and injection systems, owing to its excellent optical clarity, high heat distortion temperature, and chemical resistance to alcohol and lipids.

However, availability of several substitutes to PC-compounds such as PVC, PP, PUR, PVC, ABS, and PS are expected to hamper demand for PC compounds and restrain growth of the target market in the near future. In addition, stringent government regulations regarding the use of materials for windshield glazing applications is another factor expected to restrain growth of the target market.

Ongoing trend observed in the target market is strategic consolidation activities among global and regional players and rising focus to increase production capacity by PC compound manufacturers which in turn helps to cater rising demand. This trend is expected to continue over the forecast period, and is expected to boost growth of the target market.

For instance, in October 2018, Celanese Corporation signed an agreement to takeover Next Polymers Ltd. India, which is among the Indias leading engineering thermoplastics companies, engaged in manufacturing, export, and supply of a large compilation of reinforced polycarbonate, acrylic butadiene styrene compounds, and PMMA colored compounds.

Increasing manufacturers focus towards development of innovative technologies and new product launches are some other factors expected to create potential revenue opportunities for players operating in the target market over the forecast period.

For instance, in October 2018, Saudi Basic Industries Corporation launched new ultra-high melt flow PP for lightweight breathable nonwoven fabrics in personal hygiene applications. Additionally, the company launched new Thermocomp HMD-D series of high modulus ductile compounds to the Americas and Europe at NPE 2018.

Global PC Compounding Market Analysis, by Product Type

Among the product type segments, the PC/ABS segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The PC/ABS segment is expected to register CAGR of over 4.8%, owing to increasing demand for PC/ABS for applications such as automotive, electronics, consumer products, appliances, medical, and electrical. The PC/PBT segment is expected to account for second-highest CAGR over the forecast period.

Global PC Compounding Market Analysis, by Application

Among the application segments, the automotive segment is expected to contribute major revenue share, and is expected to maintain its dominance over the forecast period. The automotive segment is expected to register CAGR of over 4.8%, owing to increasing adoption of PC compounds in automotive lighting, head lamp lenses, dashboards, interior cladding, and exterior parts such as bumpers, body panels, etc.

Global PC Compounding Market Analysis, by Region

The market in China is expected to dominate in the global PC compounding market and is expected to continue its dominance over the forecast period. Increasing vehicle production and increasing adoption of PC compound in the automotive sector is a major factor driving growth of the China PC compounding market. According to International Organization of Motor Vehicle Manufacturers, vehicle production in 2017 grew by 3.19% compared to 2016.
In addition, increasing investment by manufacturers in research and development activities for innovative product launches is another factor expected to support growth of the market in China. For instance, in September 2014, DowDuPont Inc. opened innovation center in Shanghai, China, which will feature its latest innovations, applications, and products that address local market needs in food, energy, automotive and protection, as well as computer, communications and consumer electronics, sectors.

In addition, growing automotive sale across various countries in Europe and increasing adoption of PC compounds by automotive manufacturers for various applications such as middle consoles, blow molded seatbacks, overhead consoles, etc., owing to properties such as high impact strength, high heat resistance, colorable and printable, etc., are major factors driving growth of the PC compounding market in Europe. According to International Organization of Motor Vehicle Manufacturers, production of vehicles in Russia, France, and Turkey respectively increased by 19.1%, 6.5%, and 14.2% in 2017 as compared to the previous year.

Increasing smart TV penetration, especially in developing countries such as India and Brazil, coupled with growing consumer shift towards technologically advanced products are key factors expected to drive growth of the market in RoW over the forecast period.

Automotive manufacturers preference towards reducing vehicle weight in order to optimize fuel efficiency and reduce CO2 emissions in vehicles in Japan. Increasing demand for PC compounds from the automotive industry, particularly for automotive glazing applications such as side windows, windscreens, rear windows, and panoramic roofs, as well as for wheel covers, hoods, and safety helmets, is expected to drive growth of the target market in Japan over the forecast period.

Global PC Compounding Market Segmentation:

Global PC Compounding Market Segmentation, by Product Type:

  
PC/ABS
  
PC/PBT
  
PC/ASA
  
PC/PMMA
  
PC/PET

Global PC Compounding Market Segmentation, by Application:

  
Automotive
  
Appliance
  
Electronics
  
Industrial Parts
  
Healthcare Parts
  
Others

Key Market Players included in the report: Global PC Compounding Market

  
MEYER WERFT GmbH & Co. KG
  
MITSUBISHI HEAVY INDUSTRIES, LTD.
  
Grand Large Yatching SAS, Blount Boats, Inc.
  
Burger Boat Company
  
Chantiers Allais
  
Fincantieri S.p.A.
  
Gladding-Hearn Shipbuilding
  
Duclos Corporation
  
Greenbay Marine Pte Ltd.
  
Petroleos Mexicanos (Hijos De J. Barreras, S.A.)
  
CJSC Smart-Holding
  
LUNG TEH SHIPBUILDING CO., LTD. (LTS)
  
Nichols Brothers Boat Builders Inc.
  
The Italian Sea Group (Nuovi Cantieri Apuania-REFIT)
  
Remontowa Holding (Remontowa Shipbuilding S.A.)
  
Swede Ship Marine AB
  
Uusikaupunki Workboat Oy (Uki Workboat)

Key Insights Covered: Global PC Compounding Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of PC Compounding industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of PC Compounding industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of PC Compounding industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of PC Compounding industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of PC Compounding industry.

Research Methodology: Global PC Compounding Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

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