The North America polycarbonate for electrical and electronics market size is anticipated to reach USD 1.06 billion by 2028., growing at a CAGR of 3.7% over the forecast period. The product usage in the electrical and electronics market is anticipated to grow due to a rise in the automotive and construction industries in North American countries. This is due to the fact that PC is widely being developed as a material for solar roofs for future mobility applications in Electric Vehicles (EVs) as well as housings for lights and other electrical components, such as switches, sockets, and switchboards, used in residential and commercial structures.
Rising e-commerce and logistics operations are expected to drive the demand for commercial vehicles, thus propelling the demand for PC in lamps enclosures of vehicles. Moreover, the concept of automated warehouses has driven the demand for autonomous robots. Many Original Equipment Manufacturers (OEMs) of autonomous robots use PC as a material for their enclosures.
The U.S. entertainment industry is the largest in the world and includes streaming content, motion pictures, video games, television programs, and commercials. Polycarbonate offers similar properties to that of metal alloys in terms of impact resistance, heat and chemical resistance, and durability to be used in enclosures of consumer electronic devices. With the shift toward digital production and distribution the demand for electronic devices is expected to grow considerably, thereby driving the product demand.
Polycarbonate offers a higher impact-resisting capacity & thermal stability than glass and is lightweight. This makes it an alternative material to glass in lighting applications for residential, commercial, and industrial structures. Moreover, it offers ease in processability option in the housing of LED source as it can be formed into countless shapes and sizes by shaping resins through sheet extrusion and injection molding processes.
The U.S. entertainment industry is the largest in the world and includes streaming content, motion pictures, video games, television programs, and commercials. Polycarbonate offers similar properties to that of metal alloys in terms of impact resistance, heat and chemical resistance, and durability to be used in enclosures of consumer electronic devices. With the shift toward digital production and distribution the demand for electronic devices is expected to grow considerably, thereby driving the product demand.
Polycarbonate offers a higher impact-resisting capacity & thermal stability than glass and is lightweight. This makes it an alternative material to glass in lighting applications for residential, commercial, and industrial structures. Moreover, it offers ease in processability option in the housing of LED source as it can be formed into countless shapes and sizes by shaping resins through sheet extrusion and injection molding processes.
North America Polycarbonate For Electrical And Electronics Market Report Highlights
- The market was valued at USD 660.09 million in 2020 and is estimated to grow at a CAGR of 3.7% from 2021 to 2028
- The IT electronics end-use segment is expected to witness the highest CAGR over the forecast period owing to the rising demand for 5G applications, audio, video equipment, and IT servers as a result of the growing IT sector
- Electrical enclosures accounted for the maximum revenue share of the overall market in 2020. The reduction in the cost of end products offered by PC along with its lightweight characteristics, and some similar properties to metal alloys have propelled its demand in electrical enclosures applications
- U.S. accounted for the largest revenue share of the overall market in 2020 and is expected to witness steady growth from 2021 to 2028
- In July 2021, Samsung SDI Co., Ltd. announced its plan to set up a battery cell plant in the U.S. to support the auto industry’s shift to electrification and is in talks with major automakers including Ford Motors Company and Stellantis N.V. to establish a joint venture for EV manufacturing
- The rising investments in EVs are expected to result in driving the product demand in vehicle headlamps applications
Table of Contents
Chapter 1. Methodology and Scope1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 The Publisher's Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2. Executive Summary
2.1 Market Summary
2.2 Segmental Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Polycarbonate Market
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.1.1 Bisphenol a (Bpa)
3.4 Regulatory Framework
3.4.1 Standard & Compliances
3.4.2 Safety
3.5 Market Driver Analysis
3.5.1 Market Driver Analysis
3.5.1.1 Growing Demand for Smartphones, Laptops, and Tablets
3.5.1.2 Establishment of Automated Warehouses
3.5.2 Market Restraint Analysis
3.5.2.1 Volatile Raw Material Prices
3.5.3 Market Opportunity Analysis
3.5.4 Market Challenge Analysis
3.6 North America Polycarbonate for Electrical and Electronics Market Analysis - Porter's
3.7 North America Polycarbonate for Electrical and Electronics Market Analysis - Pestel
Chapter 4. North America Polycarbonate for Electrical and Electronics Market: End - Use Estimates & Trend Analysis
4.1 Market: End - Use Movement Analysis, 2020 & 2028
4.1.1 Market Estimates and Forecast, by Electrical Enclosures, 2017 - 2028 (Tons) (USD Million)
4.1.2 Market Estimates and Forecast, by Lighting, 2017 - 2028 (Tons) (USD Million)
4.1.3 Market Estimates and Forecast, by It Electronics, 2017 - 2028 (Tons) (USD Million)
4.1.4 Market Estimates and Forecast, by Electrical Components, 2017 - 2028 (Tons) (USD Million)
4.1.5 Market Estimates and Forecast, by Entertainment, 2017 - 2028 (Tons) (USD Million)
4.1.6 Market Estimates and Forecast, by Electrical Fuse Boxes, 2017 - 2028 (Tons) (USD Million)
4.1.7 Market Estimates and Forecast, by Electrical Meter Boxes, 2017 - 2028 (Tons) (USD Million)
Chapter 5. North America Polycarbonate for Electrical & Electronics Market: Country Estimates & Trend Analysis
5.1 Market: Country Movement Analysis, 2020 & 2028
5.2 U.S.
5.2.1 Market Estimates and Forecast, 2017 - 2028 (Tons) (USD Million)
5.2.2 Market Estimates and Forecast, by End - Use, 2017 - 2028 (Tons) (USD Million)
5.3 Canada
5.3.1 Market Estimates and Forecast, 2017 - 2028 (Tons) (USD Million)
5.3.2 Market Estimates and Forecast, by End - Use, 2017 - 2028 (Tons) (USD Million)
5.4 Mexico
5.4.1 Market Estimates and Forecast, 2017 - 2028 (Tons) (USD Million)
5.4.2 Market Estimates and Forecast, by End - Use, 2017 - 2028 (Tons) (USD Million)
Chapter 6. Competitive Analysis
6.1 Key Players & Recent Developments & Their Impact on the Industry
6.2 Key Company/Competition Categorization
6.3 Vendor Landscape
6.3.1 List of Key Distributors and Channel Partners
6.3.2 List of End - Users/Customers
6.4 Public & Private Companies
6.4.1 Competitive Dashboard Analysis
Chapter 7. Company Profiles
7.1 Trinseo S.A.
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.2 Formosa Chemicals & Fibre Corporation
7.2.1 Company Overview
7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.3 Chimei Corporation
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Teijin Limited
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.5 Covestro Ag
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.6 Sabic
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.7 Lotte Chemical Corporation
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.8 Lg Chem
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.9 Samsung Sdi Co., Ltd.
7.9.1 Company Overview
7.9.2 Financial Performance
7.9.3 Product Benchmarking
7.10 Mitsubishi Chemical Corporation
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product BenchmarkingList of Tables
Table 1 List of Abbreviations
Table 2 North America polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (Tons)
Table 3 North America polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (USD Million)
Table 4 U.S. Polycarbonate polycarbonate for electrical and electronics market estimates and forecast, 2017 - 2028 (Tons) (USD Million)
Table 5 U.S. polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (Tons)
Table 6 U.S. polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (USD Million)
Table 7 Canada polycarbonate for electrical and electronics market estimates and forecast, 2017 - 2028 (Tons) (USD Million)
Table 8 Canada polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (Tons)
Table 9 Canada polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (USD Million)
Table 10 Mexico polycarbonate for electrical and electronics market estimates and forecast, 2017 - 2028 (Tons) (USD Million)
Table 11 Mexico polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (Tons)
Table 12 Mexico polycarbonate for electrical and electronics market estimates and forecast, by end - use, 2017 - 2028 (USD Million)List of Figures
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 North America Polycarbonate for Electrical & Electronics Market Snapshot, 2020 (USD Million)
Fig. 8 North America Polycarbonate for Electrical & Electronics Market Segmentation
Fig. 9 Global Polycarbonate Exports in Primary Form, Region-wise share (%) in 2019
Fig. 10 Penetration & Growth Prospect Mapping
Fig. 11 North America Polycarbonate for Electrical & Electronics Market -Value Chain Analysis
Fig. 12 Brent and West Texas Intermediate (WTI) Crude Oil Prices, 2010-2020 (USD/Barrel)
Fig. 13 Porter’s Five Forces Analysis: North America Polycarbonate for Electrical & Electronics Market
Fig. 14 PESTEL Analysis: North America Polycarbonate for Electrical & Electronics Market
Fig. 15 North America Polycarbonate for Electrical & Electronics Market: End-Use Movement Analysis, 2020 & 2028
Fig. 16 North America Polycarbonate for Electrical & Electronics Market: Country movement analysis, 2020 & 2028
Fig. 17 Competitive Dashboard Analysis
Companies Mentioned
- Chimei Corporation
- Covestro Ag
- Formosa Chemicals & Fibre Corporation
- Lg Chem
- Lotte Chemical Corporation
- Mitsubishi Chemical Corporation
- Sabic
- Samsung Sdi Co., Ltd.
- Teijin Limited
- Trinseo S.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 63 |
| Published | November 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 824.07 Million |
| Forecasted Market Value ( USD | $ 1060 Million |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
