Polycarbonate Films Market – Market Overview
For the years, Global Polycarbonate Films Market has experienced the moderate growth. Its application scope in transportation, medical and electronic industry is driving the growth of this market. Polycarbonate Films properties is another factor for its growth. It has special properties suitable for the application in various industries. In addition to this, the safety features of the Polycarbonate Films in electronic industry has been establishing its importance for the specific application. Asia Pacific, for instance, expecting demand for light weight Polycarbonate Films and is likely to support the trend in major industries. As per industry experts, Asia Pacific to dominate the major consumption trend of Polycarbonate Films and provide several growth gains.
The Global Polycarbonate Films Market consists of established chemical industry players which have been driving the growth of this market through market expansion. The market as a whole represents significant growth due to application scope of the polycarbonate films including electrical and electronic, medical, transportation and packaging. The major industry players are adopting the expansion as a key market strategy to penetrate in to global market and to exploit the growth offered by this market. The global polycarbonate films market consist of the various players such as SABIC, Covestro, Teijin Ltd, 3M, Suzhou Omay Optical Material Company Ltd, Mitsubishi Gas Chemical Co. ltd, Excelite, MGC FilsSheet Co. Lyd, Rowland technologies . As per our analysis demand for the lightweight polycarbonate sheets will be driving the industry competition globally. Established players in this market to offer supreme competitor to new industry players and eliminate the entry. Market alliances activities to a support the market growth in undeveloped geographies while tapping the non-addressed markets.
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May 16, 2017- Covestro expanded the production capacity of polycarbonate in China. German based martial producer company Covestro has announced the production capacity expansion in its Shanghai based plant. Earlier the y have been producing the polycarbonate 400,000 tons per and with the additional capacity they will be producing the overall production of 600, 000 tons per year. The expansion activity is undertaken as a result of the strong customer demand and debottlenecking of production lines. The proposed production will comes in 2019. The impact of the expansion will be seen in sustaining the market flagship of Covestro in the polycarbonate films and creating strong market image.
January 26, 2016 – Covestro one of popular polycarbonate films producer has made a significant investment in the polycarbonate films production. The investment has been undertaken at Germany based plant which is of USD 20 million. The major reason behind this investment is, Covestro is building a co-extrusion plant to manufacturing flat films and the investment supposed to drive the proposed plant. With the target market of automotive, medical and security cards, they have been developing the flat polycarbonate films and likely to develop diverse series of products. The overall impact of this investment will be seen in carting the specific requirement by the consumers in the specific application oriented products in polycarbonate segment.
October 12, 2016 – HOYA Copr. has signed definitive agreement of acquire the Performance Optics LLC. As per stated in the agreement acquisition will be included the operating subsidiaries of Performance Optics LLC such as VISION EASE and Deamyung Optical. Performance Optics LLC is a polycarbonate producers in ophthalmic and their acquisition will avail its established market image in polycarbonate segment to HOYA corp. As per our analysis, the HOYA corp will have an enhanced operation in the ophthalmic to provide polycarbonate films by catering specific applications.
October 14, 2016- Covestro started a new polycarbonate plant in Shanghai in order to bridge Asian demand for the polycarbonate products. They will be starting the production of 400,000 of polycarbonate to cater the increasing demand in Asia Market. Demand for light weight, highly transparent and easy to shape polycarbonate on the rise in Asia Pacific Market. The palnt will be avail the added benefits while gauging the customer demand snd expected to eliminate the demand and supply gap.
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