The global polycarbonate (PC) composites market is set to achieve an 8.2% compound annual growth rate (CAGR) over the next few years and surpass $3.2 billion in value by 2025, according to a new report from Global Market Insights (Selbyville, DE).
The automotive industry currently is a moderate user of PC composites, but it will emerge as an important end user for the material during the forecast period. Materials suppliers are developing PC composites for a number of applications, including sunroofs and door panels, which will fuel growth.
Demand is expected to grow in the medical device sector, as well, according to the report. Glass-fiber filled PC composites with varying degrees of reinforcement provide flexural strength, dimensional stability and toughness, notes the report, making the material suitable for molding medical parts such as check valves, stopcocks and y injection sites. PC composites are used in the fabrication of radiation-resistant devices that withstand exposure to high temperatures and lipids, added Global Market Insights.
Because of its flame-retardant properties, carbon-fiber-reinforced PC also is widely used to make electrical fibers.
Growth in the automotive and medical technology sectors in China, India and South Korea will spur demand for carbon-fiber-reinforced PC in the Asia/Pacific region, according to the report.
The polycarbonate composites market report segments the information by type of reinforcement, end-use markets and by geography.