The Global Polycarbonate Resins for Medical Market is forecast to reach USD 25.23 Billion by 2028, according to a new report by Reports and Data. Polycarbonate resins can be described as rigid, transparent polymers having excellent temperature characteristics ranging from -20 to 1400C. It is mainly market under Makrolon® and Lexan®; however, various other manufacturers produce this polymer. It was originally developed by GE in the US and Bayer in Germany. The material has a history of applications requiring impact resistance and optical clarity like face shields and bank-teller windows two such common uses. It is worth mentioning here that, though it has high impact resistance, it is not scratch-proof and requires a coating with harder material. It also witnessed applications in arenas requiring transmission of light, in which there is a high risk of impact like security windows, machinery guards, safety glasses, prescription lenses,  motorcycle face shields, and windscreens, among others. In this kind of resins, additive is used to enhance its resistance to UV light that can result in discoloration like in fogging. Thus, wide application areas are boosting the overall growth of the market.

Top Companies Operating in the Global Polycarbonate Resins for Medical Market:

Bayer Materialscience Ag, SABIC Innovative Plastics, Teijin Ltd., Bayer Materialscience Ag, Chi Mei Corporation, Mitsubishi Engineering-Plastics Corporation, LG Chem Ltd., Formosa Chemicals & Fiber Corporation, Samyang Corporation and Samsung Sdi Co., Ltd.

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Further key findings from the report suggest

  • The Polycarbonate Resins for Medical Market held a market share of USD 15.93 Billion in the year 2020 that is forecasted to grow at a rate of 5.9% during the forecast period.
  • In context to Grade, the Medical grade segment is projected to witness a considerable growth rate of 8.4% during the forecast period, which is expected to occupy more than 10.0% of the market by 2028. The growth rate witnessed by the Medical grade segment is attributed to the fact that PC resin has stability at high temperature that makes it applicable for manufacturing medical devices that requires steam-sterilization, which contributes to the growth rate witnessed by this segment. These medical devices can also be sterilized with radiation and ethylene oxide through a limited number of cycles. It is widely used in medical devices like insulin pens, high-pressure syringes, and surgical instruments, among others.
  • In context to Sales Channel, the Offline segment held a larger market share of more than 60.0% in 2020, with a CAGR of 5.6% during the forecast period. The fact that high sale channel is the conventional channel for selling products that provides with the scope for creating personal trust and loyalty with customers results in its high preference among manufacturers of this resin contributing to the market share held by this segment.
  • In regards to Application, the Automotive segment is projected to witness a considerable growth rate of 6.8% during the forecast period, which held more than 10.0% of the market in 2020. The continuous expansion of the automotive sector associated with elevating demand for lightweight and heavy-duty vehicles is resulting in the growing popularity and use of this resin in the automotive industry.       
  • In regards to the region, North America is projected to witness a considerable growth rate of 6.1% during the forecast period, which is expected to hold more than 20.0% of the market by 2028. The growth rate witnessed by the region is attributed to the expanding automotive sector, healthcare sector, and rising demand for electrical & electronics products that is supporting the expansion of the industry in this region.

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Polycarbonate Resins for Medical Market Segmentation

Grade Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

  • Commercial grade
  • Medical grade

Sales Channel Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

  • Online
  • Offline

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)

  • Electrical & electronics
  • Automotive
  • Building & construction
  • Consumer goods
  • Medical
  • Optical Media
  • Packaging
  • Others

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Polycarbonate Resins for Medical Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Polycarbonate Resins for Medical Market.

The global Polycarbonate Resins for Medical Market is segmented into:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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