China Continues to be a Net Importer of Polycarbonates

The total Polycarbonate installed capacity as of 2016 is estimated to be around 5,600 Kilo tons. In the year 2000, China, Japan and USA accounted for around 50% of the global total. China increased its installed capacity share to 25% in 2016 from around 2% in 2005. USA and Japan now account for 14% and 8% respectively. On an average around 224 kilo tons of PC capacity was added each year from 2000 to 2016. The biggest addition in the PC installed capacity was seen in the year 2008, when around 423 kilo tons of new capacities came on stream. Covestro is one of the major producers of polycarbonates and the company plans to double its Shanghai, China manufacturing facility by 2019 to become the leader in terms of production capacity.

With roughly around 25% share, China is the world’s largest producer of polycarbonates; it also accounted for largest consumption of around 43% in 2016. Prismane Consulting expects a modest growth in the global polycarbonates demand from 2017 to 2025. Asia-Pacific on the back of China should continue occupying the lions share in the market. China has been experiencing capacity additions averaging 47% since 2000 till date. Prismane Consulting estimates that China will continue to be a net importer in the short term forecast.

Polycarbonates are used in Automotive (Window, Non-Window), Optical Media, Sheet/Films, Consumer Appliances, Medical, Electrical & Electronics, Construction, Packaging, and Other Applications.
Global demand of Polycarbonates was estimated to be over 4,000 kilo tons in 2016. Sheets & films and electrical & electronics were the most important application segments for polycarbonates in 2016 with overall consumption accounting for around 22% each. Automotive is likely to be the growth driving application in the long-term forecast. The polycarbonates market is expected to grow at an annual average of 3.5% per annum till 2025.

For market information on polycarbonates, and other Engineering Plastics write to sales@prismaneconsulting.com

Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems.

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This release was published on openPR.