The presence of a well-performing chemical industry has given a thrust to the growth of the global polycarbonate resins market. The distinct properties of polycarbonate resins have led to their usage across a multitude of industries. The constructions industry has emerged as the primary consumer of polycarbonate resins, majorly due to the need for resistant materials in the industry. The relevance of polycarbonate resins cascades into several other industries, and this is an important consideration from the perspective of market growth. Chemical testing and analysis of polycarbonate materials is not a new trend, and several research centers invested in such activities. Considering this, it is safe to believe that the applications of polycarbonate resins are well-known across the industrial sector.
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In this article, Factmr decodes several factors responsible for the growth of the global polycarbonate resins market. It is estimated that the global polycarbonate resins market touched a value of US$14.6 Bn in 2018, and the production capacity reached 5,603 KT in the same year. Advancements in the constructions and building industries have paved way for the inflow of fresh revenues into the global polycarbonate resins market. Other commercial industries have also emerged as important consumers of polycarbonate resins in recent times.
Distinct Properties of Polycarbonate Resins
Manufacturing of transparent materials, used across an array of industries and operations, involves blending of polycarbonate resins. Furthermore, the high strength, resistance, and durability of such materials is a key value proposition. Owing to the aforementioned factors, the revenue index of the global polycarbonate resins market is slated to improve in the years to follow. Moreover, polycarbonate resins have outdone transparent polymers in terms of performance, resilience, and durability. This factor has also helped in driving sales across the global polycarbonate resins market. Several market analysts concur with the projection about increased revenue generation in the market.
Advancements in Automotive Manufacturing to Aid Market Growth
The automotive sector has been swift to embrace new techniques and technologies. Besides, the need for safety, aesthetics, and durability across this industry has also facilitated faster adoption of distinct materials. Therefore, the importance of using polycarbonate resins in manufacturing automotive parts has emerged as an important dynamic of market growth and maturity.
SABIC recently introduced its distinct polycarbonate material called Lexan HF4010SR resin that can be used in automotive headlights. The new material can help in enhancing the aesthetic appeal of headlight bezels, and this is an important consideration for automobile manufacturers. The new Lexan HF4010SR resin material is expected to offer tough competition to high-end LED headlamps. The light weight and aesthetic appeal of headlight bezels manufactured from Lexan HF4010SR resins is an important selling point for SABIC.
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Use of Polycarbonate Resins in Sports Equipment
The ability to manufacture transparent materials and items from polycarbonate resins has led to their usage in sports equipment. The need for transparent, light-weight, and durable sports gear has played a key role in driving sales across the global market. Furthermore, increasing investments in sports equipment and technologies has also garnered the attention of the leading market players. Other key uses of polycarbonate resins span into medical devices, safety equipment, and lighting fixtures. The prominent vendors operating in the global polycarbonate resins market are making ardent efforts to capitalise on the huge market gap. Advancements in key end-use industries shall play a defining role in the growth of this market.
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