Bulgaria, July 30,2019- The North East Asian polycarbonates market was equal to 2.089 million tons in 2013. The largest country market within the region was China, which in 2013 accounted for a share of 71% of the total in volume terms. Until 2023, the North East Asian market is forecast to reach around 2.8 million tons, thus growing at a CAGR of about 3.4% per annum in the period 2018-2023. This is a slight increase, compared to the growth at a CAGR of around 2.3% per year, registered in 2013-2017.

The North East Asian production of polycarbonates is likely to grow to around 2.4 million tons in the medium term. Upward dynamics of the overall installed production capacities in the region are also expected. Their annual average utilization rates, on the other hand, are projected to decline. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.

Polycarbonate is highly dependent on the development of end-use markets such as electrical and electronic sectors, glazing and sheet products, as well as the automotive industry and others. In Asia, polycarbonate demand growth is driven by key applications that include automotive, construction, IT and consumer electronics. Producers have been expanding their capacities in China to tap into the growing market.

The insights are from a recently published report about the North East Asian polycarbonates market. As an overall, the report presents a strategic analysis of the polycarbonates market in North East Asia and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:

• Bluestar Lanzhou;

• Cangzhou Dahua Group;

• Chi Mei;

• Covestro;

• Ganning Petrochemical New Material;

• Gansu Yinguang Chemical Industrial Co.;

• Ling You Eng Plastics;

• Luxi Chemical Group;

• Ningbo Zhetie Dafeng Chemical;

• Puyang Shengtong Juyuan New Material;

• Quanzhou Henghe Chemical;

• Shandong Hengyuan Petrochemical;

• Shandong Lihuayi Group;

• Shandong Zhangdian Chemical;

• Sichuan Lutianhua Zhonglan New Material;

• Sinopec Mitsubishi Chemical Polycarbonate;

• Sinopec Sabic Tianjin Petrochemicals;

• Teijin Chemicals;

• Tongling Jintai Chemical Industrial;

• Tongling Organic Chemical Plant;

• Universal United Petrochemical;

• Wanhua Chemical;

• Zhejiang Petrochemical;

• Idemitsu Kosan;

• Mitsubishi Engineering-Plastics Corporation;

• Sabic Innovative Plastics;

• Sumika Polycarbonate Limited;

• LG Polycarbonate;

• Lotte Advanced Materials;

• Lotte Chemical;

• Sam Yang Kasei.