#Low Dielectric Resin Market Growth

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The cyanate ester resins market is projected to grow from USD 217.3 million in 2024 to USD 411.23 million by 2032, reflecting a compound annual growth rate (CAGR) of 8.30%. The cyanate ester resins (CER) market is gaining significant traction due to its exceptional properties and increasing applications in various industries such as aerospace, defense, and electronics. Known for their high thermal stability, low moisture absorption, and superior electrical properties, cyanate ester resins are increasingly becoming a preferred material in high-performance applications. This article explores the growth drivers, challenges, key applications, and future prospects of the global cyanate ester resins market.

Browse the full report https://www.credenceresearch.com/report/cyanate-ester-resins-market

Overview of Cyanate Ester Resins

Cyanate ester resins are a type of thermosetting polymer, formed by the reaction of cyanate monomers. Due to their unique chemical structure, these resins exhibit remarkable resistance to high temperatures, making them ideal for applications that require exceptional heat resistance. Additionally, CERs possess low dielectric constant and loss, providing high dimensional stability and low outgassing – essential properties for aerospace and electronic components. Their high glass transition temperature (Tg) and robust thermal and chemical stability make them highly suitable for extreme environments.

Key Market Drivers

1. Demand from Aerospace and Defense

One of the most significant drivers of the cyanate ester resins market is the increasing demand from the aerospace and defense industries. As airframes and other aerospace components require materials that can withstand high temperatures and intense physical stress, CERs have become essential. With the growing need for high-performance materials to meet stringent aerospace standards, cyanate ester resins have proven to be a superior alternative to traditional epoxy resins. CERs offer better performance in terms of weight reduction, structural integrity, and thermal management, which are crucial for modern aircraft and defense systems.

 2. Advancements in Electronics and Electrical Industry

With the rise in miniaturization and development of high-density electronic components, the electronics industry demands materials that ensure high reliability and thermal performance. CERs' low dielectric constant and excellent moisture resistance make them ideal for applications in advanced printed circuit boards (PCBs), radomes, and antennas. Additionally, the growing trend of 5G technology is anticipated to boost demand for cyanate ester resins, as they provide excellent electrical insulation and signal integrity, making them suitable for next-generation communication systems.

3. Rising Adoption in Automotive Applications

The automotive industry is another major contributor to the growth of the cyanate ester resins market. Electric vehicles (EVs) and hybrid electric vehicles (HEVs) are increasingly incorporating CER-based components due to their lightweight and heat-resistant properties. As automotive OEMs push towards reducing vehicle weight to improve energy efficiency, cyanate ester resins are expected to see growing usage in applications such as electrical insulation and structural components for vehicles.

Market Challenges

1. High Cost of Production

Despite their advantages, the high cost of cyanate ester resins limits their widespread adoption, particularly in cost-sensitive industries. The production process of CERs is more complex and expensive than traditional resins, which poses a challenge for industries where cost competitiveness is crucial. Efforts to develop more cost-effective production methods are ongoing, and technological advancements in this area may help address this challenge over time.

2. Limited Awareness and Availability of Alternatives

While CERs offer outstanding performance, industries such as electronics and aerospace often have access to alternative materials like epoxy and bismaleimide resins, which also provide desirable properties at a lower cost. This competition may slow the adoption of cyanate ester resins in certain applications, particularly where less stringent performance requirements are needed. Increasing awareness of the unique benefits of CERs is essential to drive their adoption in these fields.

Future Prospects

The cyanate ester resins market is poised for substantial growth, driven by innovation and an expanding range of applications. Advancements in nanotechnology and materials science may further enhance the performance of CERs, potentially reducing production costs and increasing their appeal across various industries. Additionally, as industries increasingly prioritize sustainability, manufacturers are exploring bio-based and recyclable CER alternatives, which could help the industry meet evolving environmental standards.

Key Player Analysis:

Huntsman Corporation

Lonza Group Ltd.

Mitsubishi Gas Chemical Company, Inc.

Hexcel Corporation

Solvay S.A.

Toray Industries, Inc.

Tencate Advanced Composites (Toray Advanced Composites)

Cytec Solvay Group

SABIC

Argosy International, Inc.

Segmentation:

By Resin Type

Bisphenol E Cyanates

Novolac Cyanates

Bisphenol A Cyanates

Others (Phthalonitrile, Bisphenol M etc.)

By Application

Composites

Adhesives

Coatings

Others (Moldings etc.)

By End-use Industry

Aerospace & Defense

Electrical & Electronics

Automotive

Others (Sporting Goods, Wind Energy etc.)

By Region:

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Browse the full report https://www.credenceresearch.com/report/cyanate-ester-resins-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com

[rutujamnm]

Thermoplastic Tapes Market worth $4.4 billion by 2028

The report "Thermoplastic Tapes Market by Fiber Type (Glass, Carbon), Resin Type (PAEK, PA, PPS, PP), Application (Aerospace & Defense, Automotive & Transportation, Oil & Gas, Sporting Goods, Medical & Healthcare), and Region - Global Forecasts to 2028", is estimated at USD 2.7 billion in 2023 and is projected to reach USD 4.4 billion by 2028, at a CAGR of 10.5% from 2023 to 2028. Factors such as the superior properties of thermoplastic tapes like corrosion resistance, lightweight and high strength, durability, and improved performance are positively driving the growth of the thermoplastic tapes Market. Thermoplastic composite materials are 50-70% lighter than steel and 25-30% lighter than aluminum. Increment in consumption of thermoplastic tapes is expected to increase owing to changing consumption patterns i.e. from heavy to lightweight composite, fuel efficiency, and cost-effectiveness. Further, the continuous innovation, new product development, and processing applications to create more promising opportunities in aerospace & defense, automotive & transportation, and other industries will bolster demand for the thermoplastic tapes market.

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Glass fiber held the second largest market for thermoplastic tapes.

Glass fiber are used in various applications due to their low cost compared to traditional materials such as steel and aluminum. Glass fiber-based thermoplastic tapes are preferable over carbon fiber as they provide a quick and affordable way to build parts & molds and make repairs. Glass fibers are easy to process and less expensive but have low tensile strength and performance than carbon fiber.  The glass fiber segment of the thermoplastic tapes market is expected to grow significantly in the coming years, driven by the low cost and easy processing of fiberglass that can be used in various applications .

 PA segment holds the second-highest market in 2022.

Polyamide (PA)-based compounds are widely used thermoplastic composites worldwide. Thermoplastic composites containing PA resin matrix offer an ideal combination of properties suitable for automotive, aerospace & defense, energy, industrial, and electronics applications. Polyamide is easy to process, has high resistance to heat and chemical attack, good mechanical strength, and stiffness with good dielectric properties, friction, and wear resistance. It enables automotive OEMs to reduce weight without compromising vehicle performance. Polyamide, when used along with long carbon fibers, provides higher strength in automotive applications. In the automotive & transportation industry, PA is used for door modules, bumper stiffeners, and dashboard crossbeams.

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Middle East & Africa is expected to grow with a significant CAGR during the forecast period.

The thermoplastic tapes market in the Middle East & Africa includes the UAE, South Africa, and Rest of the Middle East & Africa. The market growth is attributed to the developing aerospace & defense, automotive & transportation industries in the region. Thermoplastic tapes are in demand in the Middle East & Africa due to their lightweight and corrosion-resistant properties. The oil & gas industry, aerospace & defense, automotive & transportation, and sporting goods markets are driving up the demand for these tapes in the region. Key aircraft manufacturers, such as Boeing, Airbus, and Bombardier, are targeting Gulf buyers for the business jet market. The demand for repairing existing pipes, tanks, and infrastructure in the oil & gas industry contributes to market growth. The increasing need for sporting goods is also driving the thermoplastic tapes market in the region.

The major players in the thermoplastic tapes market are Toray Industries, Inc. (Japan), SABIC (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Evonik Industries AG (Germany), Hexcel Corporation (US), Teijin Limited (Japan), Arkema (Netherlands), and Solvay (Belgium), BASF SE (US), and SGL Carbon (Germany), among others.

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Carbon Fiber Reinforced Plastic Market - Forecast(2024 - 2030)

Carbon Fiber Reinforced Plastic Market Overview:

Carbon fiber reinforced plastic market size is forecast to reach $30.5 billion by 2030, after growing at a CAGR of 9.41% during 2024-2030, owing to the increasing adoption of carbon fiber reinforced plastics over conventional metallic alloys in various end-use industries such as automotive, aerospace, wind energy, and others. This is mainly due to the tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess tensile strength of 450–600 MPa and 750–1500 MPa, respectively. Growing demand from the aerospace industry and a rising preference for fuel-efficient and lightweight vehicles are the major factors driving the carbon fiber reinforced plastic (CFRP) market during the forecast period

Report Coverage

The report: “Carbon Fiber Reinforced Plastic (CFRP) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the carbon fiber reinforced plastic (CFRP) Industry. 

By Type: Thermoplastic (Polyether Ether Ketone (PEEK), Polypropylene, Nylon, Acrylic Resins, Polyamide Resins, PET, Polyphenylene Sulfide (PPS), Polyethylene, Polyurethane, Polyethersulfone, Polyetherimide (PEI), and Others), and Thermosetting (Epoxy Resin, Polyester Resin, Vinyl Ester Resin, Phenolic, Polyimide Resins, and Others)

By Application: Automobiles, Industrial, Aviation & Aerospace, Marine, Defense, Electrical & Electronics, Medical, Sports Equipment, Wind Energy, Civil Engineering, and Others

By Geography: Americas, Europe, Asia Pacific, RoW

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Key Takeaways

Europe dominates the carbon fiber reinforced plastic (CFRP) market, owing to the increasing demand and production of lightweight vehicles in the region. According to OICA, in 2018 the production of light commercial vehicles has increased by 2.5 % in Europe.

The carbon fiber reinforced plastics are being widely used to manufacture sport equipment such as golf shafts, bicycles, skis, surfboards, helmets, racquets, hockey sticks, baseball bats and several other products. Its low maintenance cost and corrosion resistance properties are the major factor driving the market in the sports sector.

The properties associated with CFRP such as good conductivity, flame resistance, high strength and vibration damping has facilitated their inclusion in several electrical and electronic products such as household appliances, audio systems, enclosures, electrical installations, interconnects, brushes and EMI shielding.

The X-Ray permeability, biological inertness coupled with high strength has paved the way for CFRP applications in Medical sector. Imaging equipment, orthopedics and surgical outfits are some of the common medical devices that employ CFRP.

Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as automotive, defense, and aerospace has been negatively affected, which is hampering the carbon fiber reinforced plastic (CFRP) market growth.

By Type – Segment Analysis

The thermosetting segment held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019, owing to the superior characteristics of thermosetting CFRP over thermoplastic CFRP. Unlike thermoplastics, they retain their strength and shape even when heated. This makes thermosetting plastics well-suited to the production of permanent components and large, solid shapes. Furthermore, these components have outstanding high strength-to-weight ratio performance, enhanced dielectric strength, low thermal conductivity. Thus, thermoset CFRP find their use in varied applications owing to their heat resistant characteristics, excellent dimensional and chemical stability properties when exposed to high heat and more. 

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By Application – Segment Analysis 

The defense application held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 and is growing at a CAGR of 9.42%, owing to its ability to reduce a weight of an object to a large extent while providing superior strength. Thus, there is an increasing demand of carbon fiber reinforced plastics from the defense industries to manufacture specialty components for missile systems, radar panels, body armors, helmets, rocket motor casing, artificial limbs, ballistics, nuclear submarine, propulsion systems and many more. Some of the materials used in military composites include Kevlar, fiberglass and carbon fiber. Countries like Russia, India and Japan are increasingly using composites in submarines, jets, sonar domes and truck components. U.S., U.K., India, and China are the major spenders on defense equipment and maintenance of army. M80 Stileto is the largest U.S. naval vessel built using carbon-fiber composites. Armored vehicles have conventionally used steel armor for protection; however, weight of these large trucks creates logistical problems. Therefore, the adoption of CFRP is increasing in these vehicles. U.S. DOD aims to replace UH-60 Black Hawk with Bell Helicopter’s V-280 which incorporates carbon fibers in its wings, fuselage, and tail. The need for agility at the time of sudden attacks and upgrading the defense technologies has led to the shift from conventional materials to fiber reinforced materials, which is anticipated to propel the carbon fiber reinforced plastic market during the forecast period.

By Geography – Segment Analysis

Europe region held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 up to 34%, owing to the increasing defense, and aerospace sectors in the region. The CFRP are particularly attractive to defense applications because of their exceptional strength, better stiffness-to-density ratios and superior physical properties. Also, CFRP provides relatively stronger and stiffer fibers in a tough resin matrix. According to International Trade Administration (ITA), the Norwegian Government presented a core defense spending budget of USD 6.9 billion in 2019. The Norwegian defense budget accounted for 1.62% of Norway’s GDP in 2018. French civil aerospace industry in 2018 grew to €50.36 billion, out of total non-consolidated aerospace and defense aerospace revenues of €65.4 billion. This is a 1.2% increase over 2017. Also, France has put forth an agreement with the U.K government of $2.1 billion to build a prototype combat drone, which will further boost CFRP market growth. Thus, the increasing aerospace and defense industry in Europe is likely to influence the growth of the carbon fiber reinforced plastic market in Europe.

Drivers – Carbon Fiber Reinforced Plastic (CFRP) Market

Growing Wind Power Sector

As a consequence of drastic increase in energy demand, the conventional sources of energy are depleting very fast. Hence, the need to expand and utilize the renewable energy sources like wind power is growing. The wind power sector is increasing, as use of renewable energy sources results in less emission of greenhouse and other harmful gases such as SO2. The modern wind turbine are being increasingly used in wind power sector as they are cost-effective, more reliable and have scaled up in size to multi-megawatt power ratings. Wind Energy installations in APAC increased by 23.6%. This region is set to witness high growth for wind energy equipment and materials majorly driven by commitments of government of India and China towards green energy. Carbon fiber reinforced plastic is used primarily in the spar, or structural element, of wind blades longer than 45m/148 ft, both for land-based and offshore systems. Carbon fiber has known benefits for reducing wind turbine blade mass due to the significantly improved stiffness, strength, and fatigue resistance per unit mass compared to fiberglass. Due to the increasing adoption of wind power energy source, the demand for the carbon fiber reinforced plastic is also increasing, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period.

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Stringent Government Regulation on Emission

Carbon fiber reinforced plastics are being extensively used in the automotive industries to reduce fuel consumption as well as emissions and to manufacture lightweight vehicles. Several governments across the world have imposed stringent standard emission and fuel economy regulations for vehicles. These standard regulations have compelled automotive OEMs to increase the use of lightweight materials such as carbon fiber reinforced plastics to assist in increasing the fuel economy of a vehicle while ensuring safety and performance. The emission regulation for light-duty cars such as Corporate Average Fuel Economy (CAFÉ) and Greenhouse Gas Emission standards sets fuel consumption standards for the vehicles. These regulations by the governments have made sure that the car manufacture henceforth might need to be manufacturing much lighter vehicles to obey as per these norms, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period. 

Challenges – Carbon Fiber Reinforced Plastic (CFRP) Market

High Cost of Carbon Fiber Reinforced Plastics

The cost of the carbon fiber reinforced plastics is at times supposedly higher. When compared with other traditional materials such as steel and aluminum, lightweight materials such as carbon fiber reinforced plastics (CFRP) and glass fiber reinforced plastics (GFRP) are costly. Composites of carbon fiber cost almost 1.5 to five times more than steel. High cost of fiber production inhibits large volume deployment. Therefore, precursor and processing costs need to be reduced. The high price of carbon fibers in many applications constrains the potential use of composites. Hence, the high cost of carbon fiber reinforced plastics may hinder with the carbon fiber reinforced plastics market growth during the forecast period. However, cost effective production methods coupled with high volume processing, assembly techniques and automation processes will lead to reduction of price in the near future. 

Market Landscape 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the carbon fiber reinforced plastic (CFRP) market. In 2019, the market of carbon fiber reinforced plastic (CFRP) has been consolidated by the top five players accounting for 40% of the share. Major players in the carbon fiber reinforced plastic (CFRP) market are SGL Carbon SE, Teijin Ltd., Toray Industries Inc., Cytec Industries Inc., Mitsubishi Rayon Co. Ltd., Farmosa Plastics Corporation, Nippon Carbon Co. Ltd., DowAksa Advanced Composites Holdings BV, Hexcel Corporation, and Hyosung Advanced Materials.

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Acquisitions/Technology Launches

In May 2016, Dowaska, Under secretariat of Defense Industries (SSM) and Turkish Aerospace Industries (TAI) have jointly opened The DowAksa Global Composites Center with an objective to advance Turkey’s carbon fiber and other reinforcement composites manufacturing mainly for aerospace applications in both defense and commercial aviation and the infrastructure, marine, wind energy and transportation sector.

In March 2018, Toray Industries, Inc. developed a new fabrication technology for Carbon Fiber Reinforced Plastics that enables both improved dimensional accuracy and energy savings.

In November 2018, Toray Industries, Inc. developed new carbon fibers that realized both higher tensile strength and tensile modulus named “TORAYCA® MX series”.

In September 2019, Teijin Limited acquired Benet Automotive, a leading automotive composite and component supplier in the Czech Republic. The acquisition benefits Teijin’s composite technologies business.

In December 2019, SGL Carbon and Solvay entered into a joint development agreement to develop composite materials based on large-tow intermediate modulus carbon fiber for aerospace primary structures.

In May 2020, Toray Industries, Inc. developed a high tensile modulus carbon fiber and thermoplastic pellets that are ideal for injection molding employing. Toray announced to push ahead with research and development to commercialize the fiber and pellets within the next three years.

[pravalika]

Carbon Fiber Reinforced Plastic Market - Forecast (2023 - 2028)

Carbon fiber reinforced plastic market size is forecast to reach $22.50 billion by 2025, after growing at a CAGR of 9.41% during 2020-2025, owing to the increasing adoption of carbon fiber reinforced plastics over conventional metallic alloys in various end use industries such as automotive, aerospace, wind energy, and others. This is mainly due to tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess tensile strength of 450–600 MPa and 750–1500 MPa, respectively. Growing demand from the aerospace industry and a rising preference for fuel efficient and light-weight vehicles are the major factors driving the carbon fiber reinforced plastic (CFRP) market during the forecast period.

Report Coverage

The report: “Carbon Fiber Reinforced Plastic (CFRP) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the carbon fiber reinforced plastic (CFRP) Industry. 

By Type: Thermoplastic (Polyether Ether Ketone (PEEK), Polypropylene, Nylon, Acrylic Resins, Polyamide Resins, PET, Polyphenylene Sulfide (PPS), Polyethylene, Polyurethane, Polyethersulfone, Polyetherimide (PEI), and Others), and Thermosetting (Epoxy Resin, Polyester Resin, Vinyl Ester Resin, Phenolic, Polyimide Resins, and Others)

By Application: Automobiles, Industrial, Aviation & Aerospace, Marine, Defense, Electrical & Electronics, Medical, Sports Equipment, Wind Energy, Civil Engineering, and Others

By Geography: Americas, Europe, Asia Pacific, RoW

Key Takeaways

Europe dominates the carbon fiber reinforced plastic (CFRP) market, owing to the increasing demand and production of lightweight vehicles in the region. According to OICA, in 2018 the production of light commercial vehicles has increased by 2.5 % in Europe.

The carbon fiber reinforced plastics are being widely used to manufacture sport equipment such as golf shafts, bicycles, skis, surfboards, helmets, racquets, hockey sticks, baseball bats and several other products. Its low maintenance cost and corrosion resistance properties are the major factor driving the market in the sports sector.

The properties associated with CFRP such as good conductivity, flame resistance, high strength and vibration damping has facilitated their inclusion in several electrical and electronic products such as household appliances, audio systems, enclosures, electrical installations, interconnects, brushes and EMI shielding.

The X-Ray permeability, biological inertness coupled with high strength has paved the way for CFRP applications in Medical sector. Imaging equipment, orthopedics and surgical outfits are some of the common medical devices that employ CFRP.

Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which operations of various industries such as automotive, defense, and aerospace has been negatively affected, which is hampering the carbon fiber reinforced plastic (CFRP) market growth.

By Type – Segment Analysis

The thermosetting segment held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019, owing to the superior characteristics of thermosetting CFRP over thermoplastic CFRP. Unlike thermoplastics, they retain their strength and shape even when heated. This makes thermosetting plastics well-suited to the production of permanent components and large, solid shapes. Furthermore, these components have outstanding high strength-to-weight ratio performance, enhanced dielectric strength, low thermal conductivity. Thus, thermoset CFRP find their use in varied applications owing to their heat resistant characteristics, excellent dimensional and chemical stability properties when exposed to high heat and more. 

By Application – Segment Analysis 

The defense application held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 and is growing at a CAGR of 9.42%, owing to its ability to reduce a weight of an object to a large extent while providing superior strength. Thus, there is an increasing demand of carbon fiber reinforced plastics from the defense industries to manufacture specialty components for missile systems, radar panels, body armors, helmets, rocket motor casing, artificial limbs, ballistics, nuclear submarine, propulsion systems and many more. Some of the materials used in military composites include Kevlar, fiberglass and carbon fiber. Countries like Russia, India and Japan are increasingly using composites in submarines, jets, sonar domes and truck components. U.S., U.K., India, and China are the major spenders on defense equipment and maintenance of army. M80 Stileto is the largest U.S. naval vessel built using carbon-fiber composites. Armored vehicles have conventionally used steel armor for protection; however, weight of these large trucks creates logistical problems. Therefore, the adoption of CFRP is increasing in these vehicles. U.S. DOD aims to replace UH-60 Black Hawk with Bell Helicopter’s V-280 which incorporates carbon fibers in its wings, fuselage, and tail. The need for agility at the time of sudden attacks and upgrading the defense technologies has led to the shift from conventional materials to fiber reinforced materials, which is anticipated to propel the carbon fiber reinforced plastic market during the forecast period.

By Geography – Segment Analysis

Europe region held the largest share in the carbon fiber reinforced plastic (CFRP) market in 2019 up to 34%, owing to the increasing defense, and aerospace sectors in the region. The CFRP are particularly attractive to defense applications because of their exceptional strength, better stiffness-to-density ratios and superior physical properties. Also, CFRP provides relatively stronger and stiffer fibers in a tough resin matrix. According to International Trade Administration (ITA), the Norwegian Government presented a core defense spending budget of USD 6.9 billion in 2019. The Norwegian defense budget accounted for 1.62% of Norway’s GDP in 2018. French civil aerospace industry in 2018 grew to €50.36 billion, out of total non-consolidated aerospace and defense aerospace revenues of €65.4 billion. This is a 1.2% increase over 2017. Also, France has put forth an agreement with the U.K government of $2.1 billion to build a prototype combat drone, which will further boost CFRP market growth. Thus, the increasing aerospace and defense industry in Europe is likely to influence the growth of the carbon fiber reinforced plastic market in Europe.

Drivers – Carbon Fiber Reinforced Plastic (CFRP) Market

Growing Wind Power Sector

As a consequence of drastic increase in energy demand, the conventional sources of energy are depleting very fast. Hence, the need to expand and utilize the renewable energy sources like wind power is growing. The wind power sector is increasing, as use of renewable energy sources results in less emission of greenhouse and other harmful gases such as SO2. The modern wind turbine are being increasingly used in wind power sector as they are cost-effective, more reliable and have scaled up in size to multi-megawatt power ratings. Wind Energy installations in APAC increased by 23.6%. This region is set to witness high growth for wind energy equipment and materials majorly driven by commitments of government of India and China towards green energy. Carbon fiber reinforced plastic is used primarily in the spar, or structural element, of wind blades longer than 45m/148 ft, both for land-based and offshore systems. Carbon fiber has known benefits for reducing wind turbine blade mass due to the significantly improved stiffness, strength, and fatigue resistance per unit mass compared to fiberglass. Due to the increasing adoption of wind power energy source, the demand for the carbon fiber reinforced plastic is also increasing, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period.

Stringent Government Regulation on Emission

Carbon fiber reinforced plastics are being extensively used in the automotive industries to reduce fuel consumption as well as emissions and to manufacture lightweight vehicles. Several governments across the world have imposed stringent standard emission and fuel economy regulations for vehicles. These standard regulations have compelled automotive OEMs to increase the use of lightweight materials such as carbon fiber reinforced plastics to assist in increasing the fuel economy of a vehicle while ensuring safety and performance. The emission regulation for light-duty cars such as Corporate Average Fuel Economy (CAFÉ) and Greenhouse Gas Emission standards sets fuel consumption standards for the vehicles. These regulations by the governments have made sure that the car manufacture henceforth might need to be manufacturing much lighter vehicles to obey as per these norms, which acts as a driver for the carbon fiber reinforced plastic market during the forecast period. 

Challenges – Carbon Fiber Reinforced Plastic (CFRP) Market

High Cost of Carbon Fiber Reinforced Plastics

The cost of the carbon fiber reinforced plastics is at times supposedly higher. When compared with other traditional materials such as steel and aluminum, lightweight materials such as carbon fiber reinforced plastics (CFRP) and glass fiber reinforced plastics (GFRP) are costly. Composites of carbon fiber cost almost 1.5 to five times more than steel. High cost of fiber production inhibits large volume deployment. Therefore, precursor and processing costs need to be reduced. The high price of carbon fibers in many applications constrains the potential use of composites. Hence, the high cost of carbon fiber reinforced plastics may hinder with the carbon fiber reinforced plastics market growth during the forecast period. However, cost effective production methods coupled with high volume processing, assembly techniques and automation processes will lead to reduction of price in the near future. 

[pearlsmith25]

Silicone Resins Market Report Size: 2023, Business Insights, Growth Factors, Emerging Trends | Research Forecast to 2030

Silicone resins are a type of synthetic polymers that are formed through the polymerization of siloxane monomers. They are part of the broader family of silicone materials, which are known for their excellent heat resistance, electrical insulation properties, and high-performance characteristics.

Silicone resins are typically produced by reacting silanes, such as methyltrichlorosilane or dimethyldichlorosilane, with water or alcohol in the presence of a catalyst. This reaction leads to the formation of linear or branched siloxane chains, which further condense to form three-dimensional cross-linked structures.

These resins offer several desirable properties, including:

Heat resistance: Silicone resins can withstand high temperatures without significant degradation. They can typically operate within a wide temperature range, from -50°C to over 300°C (-58°F to over 572°F), depending on the specific formulation.

Electrical insulation: Silicone resins have excellent dielectric properties, making them effective electrical insulators. They are commonly used in applications where electrical insulation is critical, such as in electronic components and high-voltage insulators.

Weather resistance: Silicone resins exhibit excellent resistance to ultraviolet (UV) radiation and weathering, making them suitable for outdoor applications. They do not degrade or discolor easily when exposed to sunlight, moisture, or other environmental factors.

Chemical resistance: These resins are resistant to many chemicals, including acids, alkalis, solvents, and oils. They can maintain their integrity and performance when exposed to various corrosive substances.

Adhesion and bonding: Silicone resins can adhere well to various substrates, including metals, glass, ceramics, and other silicone materials. They are often used as adhesives or in coatings to provide durable bonding and protective finishes.

Silicone resins find applications in various industries, such as:

Coatings: They are used in high-performance coatings for industrial equipment, automotive parts, aerospace components, and architectural structures. The coatings provide protection against corrosion, weathering, and high temperatures.

Electrical and electronics: Silicone resins are utilized in the manufacturing of electrical insulators, potting compounds, encapsulants, and adhesives for electronic components. Their excellent dielectric properties and thermal stability make them suitable for these applications.

Mold making: Silicone resins can be used to create molds for casting various materials, such as plastics, resins, and low-melting-point metals. The high-temperature resistance and low shrinkage properties of silicone resins make them well-suited for this purpose.

3D printing: Silicone resins are also utilized in the emerging field of 3D printing or additive manufacturing. They enable the production of complex silicone-based objects with customizable properties.

Silicone resins have a wide range of applications across various industries, including automotive, construction, electrical and electronics, coatings, and healthcare. The growing demand for high-performance materials with excellent thermal stability, weather resistance, and electrical insulation properties has been a key driver for the silicone resins market.

Some factors influencing the silicone resins market include:

Automotive sector: The automotive industry is a significant consumer of silicone resins due to their use in coatings, adhesives, gaskets, and seals. The increasing demand for lightweight vehicles, improved fuel efficiency, and the growing adoption of electric vehicles have fueled the need for silicone resins in this sector.

Construction industry: Silicone resins find applications in architectural coatings, waterproofing, and weatherproofing materials in the construction sector. The growth in infrastructure development, particularly in emerging economies, has contributed to the demand for silicone resins in this industry.

Electronics and electrical industry: With the rising demand for electronic devices and advancements in technology, silicone resins are used in electrical insulation, encapsulation, and potting applications. The increasing adoption of renewable energy sources, such as solar panels and wind turbines, has also driven the demand for silicone resins in the electrical industry.

Healthcare and personal care: Silicone resins are used in medical devices, implants, and personal care products due to their biocompatibility and inertness. The expanding healthcare sector and the demand for innovative medical solutions have contributed to the growth of silicone resins in this market segment.

Asia-Pacific region: The Asia-Pacific region, particularly countries like China, Japan, and India, has witnessed significant growth in the silicone resins market. Factors such as rapid industrialization, urbanization, infrastructure development, and increasing automotive production have driven the demand for silicone resins in this region.

The demand for silicone resins in the market has been driven by various factors across different industries. Silicone resins offer unique properties and performance characteristics that make them desirable in a wide range of applications. Here are some key factors contributing to the demand for silicone resins:

Increasing Industrial Applications: Silicone resins find extensive use in industrial sectors such as automotive, electronics, aerospace, construction, and energy. The growth in these industries, coupled with the need for high-performance materials, has increased the demand for silicone resins. For example, in the automotive sector, silicone resins are used in coatings, adhesives, and sealants, driven by the demand for lightweight vehicles, improved fuel efficiency, and electric vehicle production.

Growing Construction Sector: The construction industry is a significant consumer of silicone resins, particularly in applications such as architectural coatings, weatherproofing, and sealants. The increasing construction activities, infrastructure development, and focus on energy-efficient buildings have led to a higher demand for silicone resins in this sector.

Electrical and Electronics Market: Silicone resins are widely used in electrical and electronics applications due to their excellent electrical insulation properties, thermal stability, and moisture resistance. The expanding electronics industry, demand for consumer electronics, rising investments in renewable energy, and the need for advanced electrical components have boosted the demand for silicone resins.

Advancements in Healthcare: Silicone resins play a crucial role in the healthcare sector, where they are used in medical devices, implants, and pharmaceutical applications. The growing healthcare industry, increasing focus on medical advancements, and the demand for safe and biocompatible materials have driven the demand for silicone resins in this market segment.

Sustainable and Eco-friendly Solutions: There is a growing trend towards sustainable and eco-friendly materials in various industries. Silicone resins offer several environmentally friendly characteristics, such as low VOC emissions, recyclability, and durability, making them a preferred choice for many applications. The demand for sustainable solutions has contributed to the increased adoption of silicone resins.

Asia-Pacific Market Growth: The Asia-Pacific region, particularly China, Japan, and India, has witnessed significant growth in the demand for silicone resins. Factors such as rapid industrialization, urbanization, infrastructure development, and the presence of key end-use industries have propelled the demand for silicone resins in this region.

Research and Development: Continuous research and development efforts by manufacturers have resulted in the development of innovative silicone resin formulations with enhanced properties. These advancements have expanded the application areas and increased the demand for silicone resins.

The silicone resins market has been experiencing steady growth over the years, driven by various factors and increasing demand across multiple industries. While I don't have access to real-time data or future projections beyond my knowledge cutoff in September 2021, I can provide you with an overview of the growth trends observed at that time.

Growing Industrial Applications: Silicone resins have found widespread application in industries such as automotive, electronics, construction, aerospace, and healthcare. The demand for high-performance materials with exceptional heat resistance, electrical insulation, and weathering properties has fueled the growth of silicone resins in these sectors.

Automotive Industry Expansion: The automotive sector has been a key driver of the silicone resins market. The demand for lightweight and energy-efficient vehicles, coupled with increasing production volumes, has contributed to the growth of silicone resins in automotive applications, including coatings, adhesives, and sealants.

Construction Sector Development: The construction industry has witnessed significant growth, particularly in emerging economies. Silicone resins are used in architectural coatings, weatherproofing, sealants, and other construction applications. The expansion of infrastructure and urbanization have fueled the demand for silicone resins in this sector.

Electronics and Electrical Applications: The electronics industry has experienced robust growth, driven by technological advancements, increasing demand for consumer electronics, and the growing renewable energy sector. Silicone resins are utilized in electrical insulation, potting compounds, adhesives, and other electronic applications. The need for advanced electrical components and reliable insulation has contributed to the growth of silicone resins in this market.

Healthcare and Medical Applications: Silicone resins have found diverse applications in the healthcare sector, including medical devices, implants, and pharmaceutical applications. The healthcare industry's continuous advancements and the demand for safe and biocompatible materials have driven the growth of silicone resins in this segment.

Asia-Pacific Market Expansion: The Asia-Pacific region, with countries like China, Japan, and India, has witnessed significant growth in the silicone resins market. The rapid industrialization, urbanization, and infrastructure development in this region have created a strong demand for silicone resins across various industries.

Silicone resins find a wide range of applications across various industries due to their unique properties and performance characteristics. Here are some key application areas of silicone resins:

Coatings: Silicone resins are commonly used in high-performance coatings. They provide excellent heat resistance, weatherability, and UV resistance, making them suitable for applications such as automotive coatings, industrial coatings, architectural coatings, and marine coatings.

Adhesives and Sealants: Silicone resins are utilized in the formulation of adhesives and sealants due to their strong adhesion, flexibility, and resistance to temperature and moisture. They are used in applications such as bonding electronic components, automotive assembly, construction sealants, and aerospace applications.

Electrical Insulation: Silicone resins have excellent electrical insulation properties, making them suitable for applications in the electrical and electronics industry. They are used in the production of electrical insulation materials, coatings for wires and cables, potting compounds, encapsulants, and high-voltage insulators.

Mold Making: Silicone resins are commonly used in mold making due to their high-temperature resistance, low shrinkage, and flexibility. They are employed in various industries, including automotive, consumer goods, and industrial manufacturing, for creating molds used in casting plastic, resins, and low-melting-point metals.

Electronics Encapsulation: Silicone resins are used for the encapsulation and protection of electronic components and circuits. They provide moisture resistance, electrical insulation, and protection against environmental factors. Silicone resin-based encapsulants are commonly used in applications such as LED encapsulation, power module encapsulation, and circuit board protection.

3D Printing: Silicone resins have also found applications in the emerging field of 3D printing or additive manufacturing. They enable the production of complex silicone-based objects with customizable properties. Silicone resin-based 3D printing is utilized in industries such as medical, automotive, and consumer goods.

Healthcare and Medical Devices: Silicone resins are widely used in the healthcare industry for the production of medical devices, implants, and pharmaceutical applications. They offer biocompatibility, chemical inertness, and durability, making them suitable for applications such as prosthetics, catheters, drug delivery systems, and dental materials.

Other Applications: Silicone resins are also utilized in various other applications, including release agents for mold release, anti-foaming agents, surface treatments, and textile coatings.

Silicone resins offer a range of benefits that make them highly advantageous in various applications. Here are some key benefits of silicone resins:

Heat Resistance: Silicone resins exhibit excellent heat resistance, allowing them to withstand high temperatures without significant degradation. They can operate within a wide temperature range, from low temperatures to over 300°C (572°F), depending on the specific formulation. This makes them suitable for applications that require thermal stability and resistance to heat aging.

Electrical Insulation: Silicone resins possess excellent electrical insulation properties. They have high dielectric strength, low electrical conductivity, and can maintain their insulating properties over a wide range of temperatures. This makes them ideal for applications where electrical insulation is critical, such as in electrical components, cables, and high-voltage insulators.

Weather Resistance: Silicone resins demonstrate exceptional resistance to weathering and UV radiation. They can withstand prolonged exposure to sunlight, moisture, and environmental factors without significant degradation or color changes. This makes them highly suitable for outdoor applications, where resistance to weathering is essential, such as architectural coatings, automotive exterior parts, and marine coatings.

Chemical Resistance: Silicone resins exhibit excellent resistance to a wide range of chemicals, including acids, alkalis, solvents, and oils. They are less susceptible to degradation or corrosion when exposed to these substances, making them highly durable and reliable in harsh chemical environments. This property is beneficial in applications such as industrial coatings, chemical processing equipment, and chemical-resistant seals.

Adhesion and Bonding: Silicone resins have good adhesion properties and can bond well to various substrates, including metals, glass, ceramics, and other silicone materials. They can form strong and durable bonds, providing reliable adhesion and bonding in applications such as adhesives, coatings, and sealants.

Flexibility and Elasticity: Silicone resins exhibit flexibility and elasticity, allowing them to withstand mechanical stress, movement, and deformation without losing their integrity or performance. This makes them suitable for applications that require flexibility, such as sealants, gaskets, and flexible electronic components.

Biocompatibility: Certain grades of silicone resins are biocompatible, meaning they are well-tolerated by the human body and do not cause adverse reactions. This property makes them suitable for medical and healthcare applications, including medical device manufacturing, implants, and drug delivery systems.

Easy Processability: Silicone resins can be easily processed through various techniques, such as casting, molding, and coating. They have good flow properties, low viscosity, and can be cured at moderate temperatures. This facilitates their manufacturing and allows for the production of complex shapes and customized solutions.

[sublimeconnoisseurdaze]

Global Low Dielectric Resin  Market 2022 - Worldwide Opportunities, Driving Forces, Future Potential 2027

[acquiremarketresearch]

Global Low Dielectric Resin Market Research, Clinical Study and Business Guidelines till 2024

Global Low Dielectric Resin Market Research, Clinical Study and Business Guidelines till 2024

Low Dielectric Resin Market by Type Cyanate Ester Resin, m-PPE, Fluoropolymer, Others by Application PCB Industry, Microelectronics, Antenna, Others And Outlook Till 2023.

An up to date research report has been published by Acquire Market Research highlighting the title “Worldwide Low Dielectric Resin Market Research” which presents an outlook of modern marketplace growth as well as the…

[hardikhh6]

Global Low Dielectric Resin Market 2019 | Manufacturers In-Depth Analysis Report to 2024

The latest trending report Global Low Dielectric Resin Market 2019-2024 added by DecisionDatabases.com

Low dielectric resin is a series of resins with a dielectric constant k usually below 3.0. This report research is mainly based on the following resin, cyanate ester resin, m-PPE, fluoropolyer as well as some special resin with low dielectric.

The worldwide market for Low Dielectric Resin is expected to grow at a CAGR of roughly 3.3% over the next five years, will reach 1410 million US$ in 2024, from 1170 million US$ in 2019.

This report focuses on the Low Dielectric Resin in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/21607-low-dielectric-resin-market-analysis-report

Market Segment by Manufacturers, this report covers

·          SABIC

·          Asahi Kasei

·          Zeon

·          DIC

·          Mitsubishi

·          Hitachi Chemical

·          DOW

·          Lonza

·          Huntsman

·          Chemours

Market Segment by Regions, regional analysis covers

·          North America (United States, Canada and Mexico)

·          Europe (Germany, France, UK, Russia and Italy)

·          Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

·          South America (Brazil, Argentina, Colombia etc.)

·          Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

·          Cyanate Ester Resin

·          m-PPE

·          Fluoropolymer

·          Others

Market Segment by Applications, can be divided into

·          PCB Industry

·          Microelectronics

·          Antenna

·          Other

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The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Low Dielectric Resin product scope, market overview, market opportunities, market driving force and market risks. Chapter 2, to profile the top manufacturers of Low Dielectric Resin, with price, sales, revenue and global market share of Low Dielectric Resin in 2017 and 2018. Chapter 3, the Low Dielectric Resin competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Low Dielectric Resin breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019. Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019. Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019. Chapter 12, Low Dielectric Resin market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024. Chapter 13, 14 and 15, to describe Low Dielectric Resin sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.

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[reportsandmarkets]

Low Dielectric Resin Market 2018: Historical Analysis, Opportunities, Latest Innovations, Forecast 2025

Low Dielectric Resin Market 2018: Historical Analysis, Opportunities, Latest Innovations, Forecast 2025

Global Low Dielectric Resin market size will increase to 1520 Million US$ by 2025, from 1170 Million US$ in 2017, at a CAGR of 3.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Low Dielectric Resin.

Global Low Dielectric Resin Marketresearch report 2018 forecast to 2022 delivers…

[sramfact]

The unsaturated polyester Resin (UPR) market size is estimated to be USD 9.6 billion in 2021 and is projected to reach USD 12.9 billion by 2026, at a CAGR of 6.1% between 2021 and 2026. The demand and use of UPRs are rapidly increasing due to the growth in construction, and wind energy industries. The economical price of UPR is also helping the resin to hold its position in the industry.

Technological advancements are making the UPR market to grow and become the preferred choice among other resins. UPRs with low dielectric constant and high thermostability was prepared. The wide applications and low cost of UPR will provide a better service and lessen the problem faced before. This contribution will provide a new way for obtaining both thermostability and good electrical properties.

APAC is the largest and fastest-growing UPRs market. The low labor costs in the region are expected to drive the market. APAC is projected to register the highest CAGR during the forecast period. The market is expected to witness significant growth in automotive, construction, aerospace, electrical & electronics, and industrial assembly sectors in countries such as China, India, and South Korea. China is the largest country-level market in this region There has been a shift of the manufacturing base to the APAC region because of low-cost production and the ability to better serve local emerging markets.

North America is the second-largest region in the market. The region focuses on regular advancement of R&D and continuously work on innovation which is helping the region to capture the second-largest share. US is the fastest-growing market in North America. President Joe Biden’s coronavirus relief package is expected to spearhead the US construction industry in the coming years, which is expected to help the UPRs market to grow. In July 2020, the United States-Mexico-Canada Agreement (USMCA) came into force. The Agreement will create reciprocal trade supporting high-paying jobs for Americans, more balanced, and will grow the North American economy.

[prabha194]

An analysis of the Medical Polyoxymethylene market by 2028, including its size, share, and global outlook

The Medical Polyoxymethylene Market was valued at US$ 61,542.14 thousand in 2019 and is projected to reach US$ 88,482.56 thousand by 2028; it is expected to grow at a CAGR of 4.2% from 2020 to 2028.

Polyoxymethylene (POM) is a high-performance engineered thermoplastic, which is traditionally produced through ring opening polymerization of formaldehyde and is mainly supplied in the form of pellets. POM resins are produced by the process of polymerization of formaldehyde so as to provide the homopolymers and copolymers by deploying the other monomers. They are known for its several constructive and mechanical properties which makes them a suitable material to replace metal in production of several medical devices. POM is known to provide metal-like machining properties along with thermal and dimensional stability, ultra-high modulus, enhanced strength, hardness and rigidness, minimal friction coefficient and gas/vapor permeability, dielectric strength, and better retention characteristics at elevated temperature. All such properties make it an ideal material to be used in production of several medical devices and equipment such as dialysis machines, handles for instrument, pharmaceutical closure, inhalers, insulin pens and other such application areas. The growth of the market is strongly driven by advancements in technology along with growth of medical device industry. Rapid urbanization, coupled with economic growth and rise in incidence of chronic ailments and diseases, is further stimulating the demand for medical polyoxymethylene.

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The report segmentation of Medical Polyoxymethylene Market as follows:

Based on application, the medical polyoxymethylene market is segmented into dialysis machine, handles for surgical instruments, inhalers, insulin pen, and others. The insulin pen segment held the largest share in the global medical polyoxymethylene market in 2019. The insulin pen segment is considered to be one of the lucrative segments in the medical polyoxymethylene market. Insulin pens are categorized under drug delivery devices, which are easy to use, effective, and quite affordable. These factors have positively impacted the demand for insulin pens across developed and developing economies as many people with diabetes are preferring these pens to administer insulin. The rising number of aging patients, coupled with increasing incidence of diabetes and surging adoption of advance drug delivery methods, is expected to positively affect the demand for insulin pens in the market. Several manufacturers of drug delivery devices are focused on creating complex products by using high-performance materials with better physical and mechanical features, along with advanced functionality and better aesthetics and ergonomics, which could align with the objective of meeting complexity and cost effectiveness. Hence, to cater to the growing demand, manufacturers have come up with the use of polyoxymethylene (POM) in drug delivery devices.

The global medical polyoxymethylene market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2019, Asia Pacific contributed to the largest share in the global medical polyoxymethylene market. The growth of the medical polyoxymethylene market in this region is primarily attributed to the presence of strong industrial base along with presence of prominent manufactures significantly contributing to the market growth. Growth of medical sector in the developing countries such as China, South Korea, and India provide lucrative opportunities for the growth of the medical polyoxymethylene market in Asia Pacific. Further, rapid urbanization, along with rise in incidence of chronic diseases, is also favoring the market growth in the region. The easy accessibility and availability of raw materials, coupled with cheap labor and low production cost, is yet another factor driving the market in the region.

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[agexpharma-123]

Epichlorohydrin

Epichlorohydrin is a liquid epoxide most frequently manufactured by the chlorohydrination of allyl chloride. The principal uses for epichlorohydrin are in the production of epoxy resins. Its primary use are synthetic glycerin, epichlorohydrin elastomers,specialty water treatment chemicals, wet/strength resins for paper production, and surfactants. Little synthetic glycerin is produced, as abundant supplies are available as by/products from biodiesel production.

In their cured form, epoxy resins possess outstanding properties, including toughness, resistance to moisture and chemicals, high tensile strength, and good dielectric properties. They are used in a variety of applications. Protective coatings are the largest market in the United States, accounting for over half of US consumption; other large markets for unmodified epoxy resins include bonding and adhesives; glass fiber–reinforced vessels, pipes, and structural materials; and electrical laminates and encapsulations.

Chinese epichlorohydrin production started in the 1960s. As demand for epichlorohydrin picked up during 1997–2007, China had to rely heavily on imports because of its lack of capacity. In the mid-2000s, demand rose quickly, imports increased substantially, and domestic companies increased epichlorohydrin capacity. Chinese capacity expanded substantially from 2006 to 2015. As a result, Chinese imports of epichlorohydrin plunged every year from 2006 to 2011, while domestic production expanded by about 35% per year in the same period.

China has been the world’s largest epichlorohydrin-consuming country since the late 2000s; in China, epichlorohydrin is used primarily for the production of epoxy resins, accounting for approximately 97% of total epichlorohydrin consumption. Chinese consumption is forecast to grow by 4.5% per year during 2016–21.

US epichlorohydrin consumption fell in 2009 as a result of the economic recession, but experienced good recovery in 2010–12. Consumption fell again in 2012 because of increased competition from Asian producers. In 2015–17, there was some recovery as demand for epoxy resins improved. In recent years, demand for nonepoxy derivatives has generally grown at higher rates than that for epoxies.

Total Western European consumption of epichlorohydrin declined in 2013, primarily because of decreased epoxy resins production; however, consumption growth is expected to resume as a result of greater automotive production and other end uses such as composites applications and increase at an average annual rate of 3% from 2016 to 2021.

In South Korea, Taiwan, and Thailand, most epichlorohydrin is consumed in the production of epoxy resins. Major producers of epoxy resins in Taiwan are Nan Ya Plastics and Chang Chun Plastics; producers in South Korea include Kukdo Chemical, Kumho P&B, and Kolon Industries; Thai producers include Aditya Birla Chemicals.

Epichlorohydrin is made from allyl chloride, which in turn is derived from propylene and chlorine/caustic soda. In the past decade, several plants have been built to produce epichlorohydrin from renewable sources—specifically from glycerin derived as a by-product from the manufacture of biodiesel. However, it is believed these plants are either inoperative or operating at low rates as a result of poor economics. Since 2011, the prices of petrochemical-based epichlorohydrin have fallen because of global overcapacity, a sluggish epoxy resin industry, and the drop in crude oil prices.

kindly check our specifications as follows:

 TEST                                 SPECIFICATION                              RESULT

EPICHLOROHYDRIN          99.5% MIN                                       99.96%

COLOR (APHA)                     15 MAX                                            10

MOISTURE                            0.1%MAX                                       0.0160%

DENSITY(20℃)                    1.180~1.183                                      1.181

If you have demands of it , please contact S Epichlorohydrin (67843-74-7) manufacturer India at any time.

 PROPERTIES AND USES

Product Uses

Epichlorohydrin is an extremely versatile chemical intermediate that finds its use in a wide variety of applications – from epoxy resins and textiles, to ion exchange resins rubbers, agricultural products, and more. Epichlorohydrin is primarily used to manufacture epoxy resins. Epoxy resins are generally produced by reacting a polyhydric phenol with an aliphatic chlorohydrin or simple aliphatic epoxide. The most familiar epoxy is obtained by condensing epichlorohydrin with bisphenol A, resulting in a basic epoxy resin molecule. Major advantages of epoxy resins include corrosion resistance, solvent and chemical resistance, hardness, and adhesion. Other derivatives of epichlorohydrin may be obtained by: • Coupling this basic epoxy structure with materials containing an active hydrogen, such as aldehydes, polyamides, and polyamines;

• Crosslinking it with amine or acid curing agents;

• Esterifying it with short- or long-chain unsaturated acids.

Textiles

In the textile industry, epichlorohydrin is used to modify the carboxyl groups of wool. The resulting product has a longer and improved resistance to moths. Epichlorohydrin also is used to prepare protein-modified, woollike fibers, which have an affinity for acid dyes and which exhibit resistance to both mold and insects. Further, epichlorohydrin is used to prepare dyeable polypropylene fibers and to dye polyolefin, polyacrylonitrile, polyvinyl chloride, polyvinyl alcohol, and other fibers. It is also used to impart wrinkle resistance and to prepare anti-static agents and textile sizings. Derivatives of epichlorohydrin show utility as leveling, dispersion, softening, emulsifying and washing agents. Papers, Inks, Dyes Wet-strength paper sizing is prepared from either polyamides modified with epichlorohydrin or from the reaction product of epichlorohydrin and an alkylene amine. Epichlorohydrin polyhydroxy compounds and their esters are useful in the production of special printing inks and textile print pastes. These products yield flexible films that are chemically inert to caustic soda and other chemical solutions. Epichlorohydrin adducts are useful as filler retention aids, paper coatings, flocculants, and anti-static agents. Paper and paperboard products with improved printability, pigment retention, folding endurance, and gloss also are prepared with epichlorohydrin reaction products. Ion Exchange Resins Epichlorohydrin is used to produce both anion- and cation-exchange resins. Water-insoluble anion-exchange resins having good stability are prepared by reacting epichlorohydrin with ethylenediamine or a higher homolog. Strongbase anion-exchange resins can be produced by reacting epichlorohydrin with polymeric tertiary amines. Epichlorohydrin-based anion exchangers are used successfully to purify drinking water and to clean polluted air. Cation-exchange resins are produced by condensing epichlorohydrin with polyhydroxy phenols and by sulfonating the product.

Surface Active Agents :

Many epichlorohydrin-based, surface-active agents are synthesized by condensing the epichlorohydrin with a polyamine such as tetraethylenepentamine, plus a fatty acid such as stearic acid. The polyamine and fatty acid may be replaced with an alkali metal, starch, or other reactant. Sulfonated epichlorohydrin is occasionally substituted for epichlorohydrin. Such products find use in cosmetics and shampoos, and as detergents, sudsing agents, water softeners, and demulsifiers.

Plasticizers:

The reaction of epichlorohydrin with alcohols, alcoholates, or the sodium salts of stearic, oleic, palmitic, myristic, and other fatty acids yields products used as vinyl polymer plasticizers, solvents for food and flavoring, and plasticizers for polyurethanes.

Agricultural Products:

Biologically active compounds are prepared by reacting epichlorohydrin with alcohols or the sodium salts of alkylphenols. Such products have found effective use in insecticides, bactericides, and fungicides.

More Applications Other applications for derivatives of epichlorohydrin include:

• Asphalt improvers;

• Corrosion inhibitors;

• Electrical insulation for wire;

• Fire-retardant urethanes;

• Hair conditioning rinses;

• Liners for polyethylene bottles;

• Linoleum and linoleum cements;

• Lubricant additives;

• Petroleum production aids;

• Pharmaceuticals;

• Photographic film bases;

• Rubber latex coagulation aids;

• Waterproofing compounds;

• Zinc electroplating compounds.

[marketinsightshare]

Sub-Saharan Africa Polycarbonate Resin Market Size Forecast to Reach $260.4 Million by 2026

Sub-Saharan Africa Polycarbonate Resin Market size is forecast to reach US$260.4 million by 2026, after growing at a CAGR of 4.4% during 2021-2026. Polycarbonate is a transparent, lightweight, high-performance thermoplastic polymer. The product has varied properties such as excellent electrical resistance, toughness, optical clarity, dimensional stability, and high heat resistance among others. Due to these properties, the product finds its usage among various industries such as automotive, packaging, construction, electronics, and others. The product is also known as engineered plastic. Polycarbonate injection molding is a naturally transparent amorphous thermoplastic used for manufacturing automotive components, and medical tubing. The growing consumption of plastic among different industries is boosting the market growth for polycarbonate resin during the forecast period. The growing product demand among the automotive and construction sectors is supporting the market growth during the forecast period. The growing demand for Blu-Ray discs in the Sub-Saharan Africa region is propelling the market growth. However, the availability of alternative products such as polypropylene, copolyesters, and polystyrene is likely to hamper the market growth between 2021-2026.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the plastic industry. Due to the Covid-19, the construction and automotive industry is impacted very badly which further effected the polycarbonate resin market. Lack of supply chain, low demand, and lack of workforce are the major factors that negatively impacted the market during a covid-19 pandemic. The covid-19 has resulted in a slowdown in economic activities in the African region.

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Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis - By Process Type

The molding resin process segment accounted for the largest market share in the Sub-Saharan Africa Polycarbonate Resin market. The injection molding process accounted for approximately 25% of the molding resin process segment in 2020 and is also estimated to grow at a significant CAGR during the forecast period. The polycarbonate injection molding process utilizes rapid heating and cooling technologies to produce different parts and components. The products manufactured through the injection molding process have superior impact strength, excellent rigidity, and crystal-clear transparency. The compress molding segment is expected to grow at a high CAGR during the forecast period, owing to its good dielectric properties and low moisture absorption property.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis – By Application

The machine parts and electronics parts segment accounted for more than 15% of the market share in 2020 and is estimated to grow significantly during the forecast period. Polycarbonate products are stronger than glass and are also known as one of the most durable transparent plastics available in the market. Polycarbonate resin is used for manufacturing medical equipment, auto parts, and others. Polycarbonate blend is used by OEMs to manufacture laptops, copiers, printers, mobile chargers for smartphones, electrical connectors, insulators, and others.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis – By End-Use Industry

The automotive segment accounted for more than 18% of the market share in 2020 and is estimated to grow significantly during the forecast period. The market for cars and commercial vehicles is growing rapidly in the Sub-Saharan African region. The presence of automotive companies in Africa such as Birkin Cars, Innoson Motors, Kiira Motors Corporation, Mobius Motors, and Kantanka Cars among others are supporting the market growth during the forecast period. Rapid utilization of polycarbonate resins in the manufacturing of automotive parts and components is supporting automotive growth. Polycarbonate resin is used for producing automotive windows, headlamps, exterior automotive components, farming equipment, and others.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis - By Geography

The presence of developing nations including South Africa, Mauritius, Nigeria, and others supporting the market growth for polycarbonate resin in the region. South Africa is one of the highly developed economies in the Africa region with advanced infrastructure. The country also has well-established financial, transport, legal, communications, and energy sectors. The African continent is undergoing a phase of mass development. There are many construction projects underway across Africa includes Modderfontein Mega City, Square Kilometer Array Telescope, and BRICS cable project among others.

Sub-Saharan Africa Polycarbonate Resin Market Drivers:

Growing demand from end-use industries

Polycarbonate (PC) is a lightweight, high-performance resin that has a unique balance of toughness, dimensional stability, and optical clarity. Polycarbonate is the best and safer alternative to glass in optical applications, such as corrective lenses. The product is used in a wide variety of products including digital media, sports safety equipment, electronic equipment, exterior lighting fixtures, vehicles, greenhouses, construction, medical devices, and others. According to the data published by OICA, South Africa manufactured approximately 447,218 units of vehicles in 2020. The country manufactured 238,216 cars and 209,002 commercial vehicles in 2020.  Over the past few years’ construction industries is growing moderately in the African region. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. According to a research paper, the Africa construction industry is expected to grow at a CAGR of 6.4% between 2020-2024. Tunisia 2020 national five-year development plan, the government has decided to develop various infrastructure projects. The government allocated approximately US$25billion to the five-year development plan.

High Applicability in the Electronic industry

Polycarbonate resin is widely used for manufacturing electronic components. The product is a good electrical insulator and having heat-resistant, flame-retardant properties. Due to its advanced properties, the resin is used in electrical and telecommunications hardware products. The product finds its usage in TVs, computers, smartphones, consumer electronics, and other electronic products. Electronic components such as switching relays, connectors, and sensor parts are also manufactured from polycarbonate resin. According to Invest Cape Town, South Africa is home to the largest consumer electronics industry involved in the design, engineering, manufacturing, testing, implementation, and maintenance in the African market. South Africa spends approximately US$10.5 billion annually.

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Sub-Saharan Africa Polycarbonate Resin Market Challenges:

Availability of alternative products in the market

Polycarbonate resins find their application in many industries for manufacturing different types of components and parts. Due to high demand in the market, the manufacturers are looking for alternatives to polycarbonates. Acrylic, polypropylene, co-polyesters, and polystyrene are some of the major alternatives available in the market for polycarbonates. Polypropylene is widely used in the manufacturing of water bottles and food containers as an alternative to polycarbonate. The usage of polycarbonates in packaging materials and medical applications is decreased due to the detection of bisphenol-A (BPA) in packaging materials. These are some of the major challenges restraining the market growth during the forecast period.

Sub-Saharan Africa Polycarbonate Resin Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Sub-Saharan Africa Polycarbonate Resin market. Major players in the Sub-Saharan Africa Polycarbonate Resin market are SABIC Innovative Plastics, Bayer MaterialScience AG, Teijin Ltd., Mitsubishi Engineering-Plastics Corporation, Chi Mei Corporation, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Samyang Corporation, Thai Polycarbonate Co. Ltd., Trinseo LLC, and others.

Key Takeaways

Polycarbonates belong to a group of thermoplastic polymers whose chemical structures contain carbonate groups.

Polycarbonate resins can be used over a broad range of temperatures ranging from -30°C (-22°F) to 200°C (392°F). The product also offers excellent transparency and good flow properties at very high temperatures.

The South Africa country is expected to grow at a CAGR of 4.5% in Sub-Saharan Africa Polycarbonate Resin market during 2021-2026, due to the growing construction activities.

Related Reports

A.Polycarbonate Resin Market

https://www.industryarc.com/Report/1257/polycarbonate-resin-market-analysis.html

B.Engineering Resins Market

https://www.industryarc.com/Report/1297/engineering-resin-market-analysis.html

For more Chemicals and Materials Market reports, please click here

[marketwire]

Sub-Saharan Africa Polycarbonate Resin Market Size Forecast to Reach $260.4 Million by 2026

Sub-Saharan Africa Polycarbonate Resin Market size is forecast to reach US$260.4 million by 2026, after growing at a CAGR of 4.4% during 2021-2026. Polycarbonate is a transparent, lightweight, high-performance thermoplastic polymer. The product has varied properties such as excellent electrical resistance, toughness, optical clarity, dimensional stability, and high heat resistance among others. Due to these properties, the product finds its usage among various industries such as automotive, packaging, construction, electronics, and others. The product is also known as engineered plastic. Polycarbonate injection molding is a naturally transparent amorphous thermoplastic used for manufacturing automotive components, and medical tubing. The growing consumption of plastic among different industries is boosting the market growth for polycarbonate resin during the forecast period. The growing product demand among the automotive and construction sectors is supporting the market growth during the forecast period. The growing demand for Blu-Ray discs in the Sub-Saharan Africa region is propelling the market growth. However, the availability of alternative products such as polypropylene, copolyesters, and polystyrene is likely to hamper the market growth between 2021-2026.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the plastic industry. Due to the Covid-19, the construction and automotive industry is impacted very badly which further effected the polycarbonate resin market. Lack of supply chain, low demand, and lack of workforce are the major factors that negatively impacted the market during a covid-19 pandemic. The covid-19 has resulted in a slowdown in economic activities in the African region.

Request for Sample Report  @ https://www.industryarc.com/pdfdownload.php?id=18474

Report Price: $ 4500 (Single User License)

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis - By Process Type

The molding resin process segment accounted for the largest market share in the Sub-Saharan Africa Polycarbonate Resin market. The injection molding process accounted for approximately 25% of the molding resin process segment in 2020 and is also estimated to grow at a significant CAGR during the forecast period. The polycarbonate injection molding process utilizes rapid heating and cooling technologies to produce different parts and components. The products manufactured through the injection molding process have superior impact strength, excellent rigidity, and crystal-clear transparency. The compress molding segment is expected to grow at a high CAGR during the forecast period, owing to its good dielectric properties and low moisture absorption property.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis – By Application

The machine parts and electronics parts segment accounted for more than 15% of the market share in 2020 and is estimated to grow significantly during the forecast period. Polycarbonate products are stronger than glass and are also known as one of the most durable transparent plastics available in the market. Polycarbonate resin is used for manufacturing medical equipment, auto parts, and others. Polycarbonate blend is used by OEMs to manufacture laptops, copiers, printers, mobile chargers for smartphones, electrical connectors, insulators, and others.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis – By End-Use Industry

The automotive segment accounted for more than 18% of the market share in 2020 and is estimated to grow significantly during the forecast period. The market for cars and commercial vehicles is growing rapidly in the Sub-Saharan African region. The presence of automotive companies in Africa such as Birkin Cars, Innoson Motors, Kiira Motors Corporation, Mobius Motors, and Kantanka Cars among others are supporting the market growth during the forecast period. Rapid utilization of polycarbonate resins in the manufacturing of automotive parts and components is supporting automotive growth. Polycarbonate resin is used for producing automotive windows, headlamps, exterior automotive components, farming equipment, and others.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis - By Geography

The presence of developing nations including South Africa, Mauritius, Nigeria, and others supporting the market growth for polycarbonate resin in the region. South Africa is one of the highly developed economies in the Africa region with advanced infrastructure. The country also has well-established financial, transport, legal, communications, and energy sectors. The African continent is undergoing a phase of mass development. There are many construction projects underway across Africa includes Modderfontein Mega City, Square Kilometer Array Telescope, and BRICS cable project among others.

Sub-Saharan Africa Polycarbonate Resin Market Drivers:

Growing demand from end-use industries

Polycarbonate (PC) is a lightweight, high-performance resin that has a unique balance of toughness, dimensional stability, and optical clarity. Polycarbonate is the best and safer alternative to glass in optical applications, such as corrective lenses. The product is used in a wide variety of products including digital media, sports safety equipment, electronic equipment, exterior lighting fixtures, vehicles, greenhouses, construction, medical devices, and others. According to the data published by OICA, South Africa manufactured approximately 447,218 units of vehicles in 2020. The country manufactured 238,216 cars and 209,002 commercial vehicles in 2020.  Over the past few years’ construction industries is growing moderately in the African region. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. According to a research paper, the Africa construction industry is expected to grow at a CAGR of 6.4% between 2020-2024. Tunisia 2020 national five-year development plan, the government has decided to develop various infrastructure projects. The government allocated approximately US$25billion to the five-year development plan.

High Applicability in the Electronic industry

Polycarbonate resin is widely used for manufacturing electronic components. The product is a good electrical insulator and having heat-resistant, flame-retardant properties. Due to its advanced properties, the resin is used in electrical and telecommunications hardware products. The product finds its usage in TVs, computers, smartphones, consumer electronics, and other electronic products. Electronic components such as switching relays, connectors, and sensor parts are also manufactured from polycarbonate resin. According to Invest Cape Town, South Africa is home to the largest consumer electronics industry involved in the design, engineering, manufacturing, testing, implementation, and maintenance in the African market. South Africa spends approximately US$10.5 billion annually.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=18474

Sub-Saharan Africa Polycarbonate Resin Market Challenges:

Availability of alternative products in the market

Polycarbonate resins find their application in many industries for manufacturing different types of components and parts. Due to high demand in the market, the manufacturers are looking for alternatives to polycarbonates. Acrylic, polypropylene, co-polyesters, and polystyrene are some of the major alternatives available in the market for polycarbonates. Polypropylene is widely used in the manufacturing of water bottles and food containers as an alternative to polycarbonate. The usage of polycarbonates in packaging materials and medical applications is decreased due to the detection of bisphenol-A (BPA) in packaging materials. These are some of the major challenges restraining the market growth during the forecast period.

Sub-Saharan Africa Polycarbonate Resin Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Sub-Saharan Africa Polycarbonate Resin market. Major players in the Sub-Saharan Africa Polycarbonate Resin market are SABIC Innovative Plastics, Bayer MaterialScience AG, Teijin Ltd., Mitsubishi Engineering-Plastics Corporation, Chi Mei Corporation, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Samyang Corporation, Thai Polycarbonate Co. Ltd., Trinseo LLC, and others.

Key Takeaways

Polycarbonates belong to a group of thermoplastic polymers whose chemical structures contain carbonate groups.

Polycarbonate resins can be used over a broad range of temperatures ranging from -30°C (-22°F) to 200°C (392°F). The product also offers excellent transparency and good flow properties at very high temperatures.

The South Africa country is expected to grow at a CAGR of 4.5% in Sub-Saharan Africa Polycarbonate Resin market during 2021-2026, due to the growing construction activities.

Related Reports

A.Polycarbonate Resin Market

https://www.industryarc.com/Report/1257/polycarbonate-resin-market-analysis.html

B.Engineering Resins Market

https://www.industryarc.com/Report/1297/engineering-resin-market-analysis.html

For more Chemicals and Materials Market reports, please click here

[industryarcmarket]

Sub-Saharan Africa Polycarbonate Resin Market Size Forecast to Reach $260.4 Million by 2026

Sub-Saharan Africa Polycarbonate Resin Market size is forecast to reach US$260.4 million by 2026, after growing at a CAGR of 4.4% during 2021-2026. Polycarbonate is a transparent, lightweight, high-performance thermoplastic polymer. The product has varied properties such as excellent electrical resistance, toughness, optical clarity, dimensional stability, and high heat resistance among others. Due to these properties, the product finds its usage among various industries such as automotive, packaging, construction, electronics, and others. The product is also known as engineered plastic. Polycarbonate injection molding is a naturally transparent amorphous thermoplastic used for manufacturing automotive components, and medical tubing. The growing consumption of plastic among different industries is boosting the market growth for polycarbonate resin during the forecast period. The growing product demand among the automotive and construction sectors is supporting the market growth during the forecast period. The growing demand for Blu-Ray discs in the Sub-Saharan Africa region is propelling the market growth. However, the availability of alternative products such as polypropylene, copolyesters, and polystyrene is likely to hamper the market growth between 2021-2026.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the plastic industry. Due to the Covid-19, the construction and automotive industry is impacted very badly which further effected the polycarbonate resin market. Lack of supply chain, low demand, and lack of workforce are the major factors that negatively impacted the market during a covid-19 pandemic. The covid-19 has resulted in a slowdown in economic activities in the African region.

Request for Sample Report  @ https://www.industryarc.com/pdfdownload.php?id=18474

Report Price: $ 4500 (Single User License)

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis - By Process Type

The molding resin process segment accounted for the largest market share in the Sub-Saharan Africa Polycarbonate Resin market. The injection molding process accounted for approximately 25% of the molding resin process segment in 2020 and is also estimated to grow at a significant CAGR during the forecast period. The polycarbonate injection molding process utilizes rapid heating and cooling technologies to produce different parts and components. The products manufactured through the injection molding process have superior impact strength, excellent rigidity, and crystal-clear transparency. The compress molding segment is expected to grow at a high CAGR during the forecast period, owing to its good dielectric properties and low moisture absorption property.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis – By Application

The machine parts and electronics parts segment accounted for more than 15% of the market share in 2020 and is estimated to grow significantly during the forecast period. Polycarbonate products are stronger than glass and are also known as one of the most durable transparent plastics available in the market. Polycarbonate resin is used for manufacturing medical equipment, auto parts, and others. Polycarbonate blend is used by OEMs to manufacture laptops, copiers, printers, mobile chargers for smartphones, electrical connectors, insulators, and others.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis – By End-Use Industry

The automotive segment accounted for more than 18% of the market share in 2020 and is estimated to grow significantly during the forecast period. The market for cars and commercial vehicles is growing rapidly in the Sub-Saharan African region. The presence of automotive companies in Africa such as Birkin Cars, Innoson Motors, Kiira Motors Corporation, Mobius Motors, and Kantanka Cars among others are supporting the market growth during the forecast period. Rapid utilization of polycarbonate resins in the manufacturing of automotive parts and components is supporting automotive growth. Polycarbonate resin is used for producing automotive windows, headlamps, exterior automotive components, farming equipment, and others.

Sub-Saharan Africa Polycarbonate Resin Market Segment Analysis - By Geography

The presence of developing nations including South Africa, Mauritius, Nigeria, and others supporting the market growth for polycarbonate resin in the region. South Africa is one of the highly developed economies in the Africa region with advanced infrastructure. The country also has well-established financial, transport, legal, communications, and energy sectors. The African continent is undergoing a phase of mass development. There are many construction projects underway across Africa includes Modderfontein Mega City, Square Kilometer Array Telescope, and BRICS cable project among others.

Sub-Saharan Africa Polycarbonate Resin Market Drivers:

Growing demand from end-use industries

Polycarbonate (PC) is a lightweight, high-performance resin that has a unique balance of toughness, dimensional stability, and optical clarity. Polycarbonate is the best and safer alternative to glass in optical applications, such as corrective lenses. The product is used in a wide variety of products including digital media, sports safety equipment, electronic equipment, exterior lighting fixtures, vehicles, greenhouses, construction, medical devices, and others. According to the data published by OICA, South Africa manufactured approximately 447,218 units of vehicles in 2020. The country manufactured 238,216 cars and 209,002 commercial vehicles in 2020.  Over the past few years’ construction industries is growing moderately in the African region. The economic growth, investments in infrastructure projects, and technology advancements are boosting the industry. According to a research paper, the Africa construction industry is expected to grow at a CAGR of 6.4% between 2020-2024. Tunisia 2020 national five-year development plan, the government has decided to develop various infrastructure projects. The government allocated approximately US$25billion to the five-year development plan.

High Applicability in the Electronic industry

Polycarbonate resin is widely used for manufacturing electronic components. The product is a good electrical insulator and having heat-resistant, flame-retardant properties. Due to its advanced properties, the resin is used in electrical and telecommunications hardware products. The product finds its usage in TVs, computers, smartphones, consumer electronics, and other electronic products. Electronic components such as switching relays, connectors, and sensor parts are also manufactured from polycarbonate resin. According to Invest Cape Town, South Africa is home to the largest consumer electronics industry involved in the design, engineering, manufacturing, testing, implementation, and maintenance in the African market. South Africa spends approximately US$10.5 billion annually.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=18474

Sub-Saharan Africa Polycarbonate Resin Market Challenges:

Availability of alternative products in the market

Polycarbonate resins find their application in many industries for manufacturing different types of components and parts. Due to high demand in the market, the manufacturers are looking for alternatives to polycarbonates. Acrylic, polypropylene, co-polyesters, and polystyrene are some of the major alternatives available in the market for polycarbonates. Polypropylene is widely used in the manufacturing of water bottles and food containers as an alternative to polycarbonate. The usage of polycarbonates in packaging materials and medical applications is decreased due to the detection of bisphenol-A (BPA) in packaging materials. These are some of the major challenges restraining the market growth during the forecast period.

Sub-Saharan Africa Polycarbonate Resin Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Sub-Saharan Africa Polycarbonate Resin market. Major players in the Sub-Saharan Africa Polycarbonate Resin market are SABIC Innovative Plastics, Bayer MaterialScience AG, Teijin Ltd., Mitsubishi Engineering-Plastics Corporation, Chi Mei Corporation, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Samyang Corporation, Thai Polycarbonate Co. Ltd., Trinseo LLC, and others.

Key Takeaways

Polycarbonates belong to a group of thermoplastic polymers whose chemical structures contain carbonate groups.

Polycarbonate resins can be used over a broad range of temperatures ranging from -30°C (-22°F) to 200°C (392°F). The product also offers excellent transparency and good flow properties at very high temperatures.

The South Africa country is expected to grow at a CAGR of 4.5% in Sub-Saharan Africa Polycarbonate Resin market during 2021-2026, due to the growing construction activities.

Related Reports

A.Polycarbonate Resin Market

https://www.industryarc.com/Report/1257/polycarbonate-resin-market-analysis.html

B.Engineering Resins Market

https://www.industryarc.com/Report/1297/engineering-resin-market-analysis.html

For more Chemicals and Materials Market reports, please click here