South America Polycarbonate (PC) Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 585.31 Million | |
Market Size (2029) | USD 852.29 Million | |
Largest Share by End User Industry | Building and Construction | |
CAGR (2024 - 2029) | 7.81 % | |
Largest Share by Country | Brazil | |
Market Concentration | High | |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
South America Polycarbonate (PC) Market Analysis
The South America Polycarbonate (PC) Market size is estimated at 585.31 million USD in 2024, and is expected to reach 852.29 million USD by 2029, growing at a CAGR of 7.81% during the forecast period (2024-2029).
585.31 Million
Market Size in 2024 (USD)
852.29 Million
Market Size in 2029 (USD)
6.64 %
CAGR (2017-2023)
7.81 %
CAGR (2024-2029)
Largest Market by End-user Industry
14.37 %
value share, Building and Construction, 2023
Owing to the high usage of polycarbonate materials in building and construction applications, such as roofing and facades, the industry held the largest market share.
Fastest Growing Market by End-user Industry
8.34 %
Projected CAGR, Electrical and Electronics, 2024-2029
Due to its physical properties, heat resistance, and versatility, polycarbonate is suitable for electronic components, which is expected to witness the fastest growth during the forecast period.
Largest Market by Country
40.12 %
value share, Brazil, 2023
With an 81% share in the production of automobiles and a 47% share in the production of electrical and electronic devices in South America, Brazil held the largest market share.
Fastest Growing Market by Country
8.35 %
Projected CAGR, Argentina, 2024-2029
Owing to its growth in industries such as automotive and electrical and electronics, the country is expected to register the fastest growth in the region over the forecast period.
Leading Market Player
37.34 %
market share, Covestro AG, 2022
Covestro has a significant consumer base for polycarbonates in South America, along with a strong distribution network that generates sales revenue, making it the market leader.
Fast-paced technological advancements to augment the demand for polycarbonates
- Polycarbonates are a class of thermoplastic polymers that are strong, tough, and, in some grades, optically transparent. They are easy to shape, mold, and thermoform. The demand for polycarbonates in the region increased by 7.7% in terms of volume in 2022 compared to 2021, majorly due to increased production output and manufacturing activities.
- The electrical and electronics industry is the largest consumer, accounting for approximately 17.38% of the overall consumption in 2022. Polycarbonates are widely used in electronic appliances such as refrigerators, air conditioners, coffee machines, food mixers, washing machines, hair dryers, steam iron, and water tanks, owing to their electrical resistance and lightweight properties. Polycarbonates are also used as a composite to enhance their properties. The industry is also the fastest growing in the region due to the rapid increase in the demand for electrical and electronic devices and technological advancements. The demand for PC from the industry is projected to register a CAGR of 8.41%, by value, during the forecast period.
- The building and construction industry is the second-largest consumer of polycarbonate, accounting for approximately 13.33% of the total consumption in 2022. Polycarbonate is useful in various applications due to its high impact and heat resistance, lightweight property, durability, high optical clarity, and excellent flammability resistance. It is widely used in building and construction products, ranging from windows and skylights to wall panels and roof domes and exterior LED lighting elements. During the forecast period, the demand for PC from the industry is expected to register a CAGR of 5.38% in volume terms.
Brazil to dominate the South American polycarbonate market over the forecast period
- South America accounted for 3.03% of the global consumption of polycarbonate (PC) resins in 2022. PC is an important polymer in South America for various industries, including automotive, aerospace, and electrical and electronics.
- Brazil is the largest country in terms of market consumption, with a share of around 40% in 2022, a rise from the 7.33% share registered in 2021 owing to its growth in its aerospace, automotive, and electrical and electronics industries. The country's production of aircraft components and vehicles accounted for market shares of around 96.2% and 67.9%, respectively, in 2021. Such production growth in the automotive and electrical and electronics industries is expected to drive the demand for polycarbonate resins.
- Argentina's demand for PC resins is increasing significantly in line with growing production in the automobile and electrical and electronics industries, among others. The country is the second-largest vehicle producer in South America, having produced 803,377 units in 2022, a 9.01% rise over 2021. The country is expected to be the fastest-growing consumer of PC resins in South America, with a CAGR of 8.19% by revenue during the forecast period (2023-2029). Vehicle production is expected to account for a 5.12% share of the regional market by volume by 2029, which is, in turn, expected to drive the demand for this resin in the country during the forecast period.
- The Rest of South America's regional segment is one of the largest consumers of PC resin and consists of countries such as Chile, Peru, Colombia, and Bolivia. The regional segment accounts for a considerable share of construction activity in South America, amounting to 15.29% by volume in 2022, which is expected to foster demand for PC over the coming years.
South America Polycarbonate (PC) Market Trends
Rapid pace of technological innovations to boost the industry growth
- In South America, Brazil held the major share of nearly 40% of the region's electrical and electronics production revenue in 2017. In 2017, Brazilian electronics products had a penetration of nearly 20% in the e-commerce sector. The advancement of technology in the region increased the demand for consumer electronics products, such as smart TVs, smart refrigerators, smart air conditioners, and other electrical and electronic products. South American electrical and electronics production revenue witnessed a CAGR of over 6.16% between 2017 and 2019.
- In 2020, with the rise in demand for consumer electronics for remote working and home entertainment due to the pandemic, the production of electrical and electronic products in the region increased at a growth rate of 1.1% by revenue compared to the previous year. Rising disposable income, increased demand for luxury products, technological advancements, and improvement in living standards are some of the major factors driving the electrical and electronics market's growth. As a result, in the region, electrical and electronics production also increased at a rate of 14.9% by revenue in 2021.
- The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for the production of electrical and electronics in the region. The penetration of multinational companies, like LG, Samsung, Microsoft, Panasonic, Dell, Intel, Toshiba, Sony, Philips, Sharp, Apple, and Lenovo, also positively affects the electrical and electronics market. All such factors are expected to fuel the production revenue of electrical and electronics in the region during the forecast period at a rate of around 7%.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing agreements and partnerships to boost the growth
- Government reforms and increasing infrastructure investments to aid the industry growth
- Brazil to be the top importer of polycarbonate in the region
- Increasing construction and automotive production to boost demand for PC sheets and films
- Fast paced growth of electric vehicle sales to augment the industry
- Food packaging to drive the plastic packaging demand
- Volatile global crude oil prices to influence polycarbonate resin prices in the region
- Mechanical recycling of polycarbonate plastics poses a challenge due to the poor quality of the recovered material
South America Polycarbonate (PC) Industry Overview
The South America Polycarbonate (PC) Market is fairly consolidated, with the top five companies occupying 72.39%. The major players in this market are Covestro AG, LG Chem, Mitsubishi Chemical Corporation, SABIC and Teijin Limited (sorted alphabetically).
South America Polycarbonate (PC) Market Leaders
Covestro AG
LG Chem
Mitsubishi Chemical Corporation
SABIC
Teijin Limited
Other important companies include Trinseo.
*Disclaimer: Major Players sorted in alphabetical order.
South America Polycarbonate (PC) Market News
- February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications such as drug delivery devices, wellness and wearable devices, and single-use containers for biopharmaceutical manufacturing.
- February 2021: SABIC launched a new grade of polycarbonate compound for automotive LED lighting, owing to the rising need for high-performance thermoplastics in complex lighting designs.
- November 2020: SABIC added new grades to its portfolio of post-consumer recycled ABS and polycarbonate resins to serve more consumer electronics customers. These grades are mainly used in chargers and adapters, printers, copiers, and laptop housing.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
South America Polycarbonate (PC) Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Electrical and Electronics
2.1.5. Packaging
2.2. Import And Export Trends
2.2.1. Polycarbonate (PC) Trade
2.3. Price Trends
2.4. Form Trends
2.5. Recycling Overview
2.5.1. Polycarbonate (PC) Recycling Trends
2.6. Regulatory Framework
2.6.1. Argentina
2.6.2. Brazil
2.7. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Electrical and Electronics
3.1.5. Industrial and Machinery
3.1.6. Packaging
3.1.7. Other End-user Industries
3.2. Country
3.2.1. Argentina
3.2.2. Brazil
3.2.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Covestro AG
4.4.2. LG Chem
4.4.3. Mitsubishi Chemical Corporation
4.4.4. SABIC
4.4.5. Teijin Limited
4.4.6. Trinseo
5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, SOUTH AMERICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, SOUTH AMERICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, SOUTH AMERICA, 2017 - 2021
- Figure 8:
- SOUTH AMERICA POLYCARBONATE (PC) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
- Figure 9:
- REVENUE OF POLYCARBONATE (PC) BY FORM TYPE, USD, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 10:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, SOUTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 13:
- VALUE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 14:
- VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 15:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 16:
- VOLUME OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 19:
- VOLUME OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 22:
- VOLUME OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 25:
- VOLUME OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 28:
- VOLUME OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 31:
- VOLUME OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 34:
- VOLUME OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2029
- Figure 37:
- VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 38:
- VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 39:
- VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 40:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 41:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, ARGENTINA, 2017 - 2029
- Figure 42:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, ARGENTINA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
- Figure 44:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, BRAZIL, 2017 - 2029
- Figure 45:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, BRAZIL, 2017 - 2029
- Figure 46:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
- Figure 47:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 48:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 50:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, SOUTH AMERICA, 2019 - 2021
- Figure 51:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2019 - 2021
- Figure 52:
- REVENUE SHARE OF POLYCARBONATE (PC) BY MAJOR PLAYERS, %, SOUTH AMERICA, 2022
South America Polycarbonate (PC) Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Argentina, Brazil are covered as segments by Country.
- Polycarbonates are a class of thermoplastic polymers that are strong, tough, and, in some grades, optically transparent. They are easy to shape, mold, and thermoform. The demand for polycarbonates in the region increased by 7.7% in terms of volume in 2022 compared to 2021, majorly due to increased production output and manufacturing activities.
- The electrical and electronics industry is the largest consumer, accounting for approximately 17.38% of the overall consumption in 2022. Polycarbonates are widely used in electronic appliances such as refrigerators, air conditioners, coffee machines, food mixers, washing machines, hair dryers, steam iron, and water tanks, owing to their electrical resistance and lightweight properties. Polycarbonates are also used as a composite to enhance their properties. The industry is also the fastest growing in the region due to the rapid increase in the demand for electrical and electronic devices and technological advancements. The demand for PC from the industry is projected to register a CAGR of 8.41%, by value, during the forecast period.
- The building and construction industry is the second-largest consumer of polycarbonate, accounting for approximately 13.33% of the total consumption in 2022. Polycarbonate is useful in various applications due to its high impact and heat resistance, lightweight property, durability, high optical clarity, and excellent flammability resistance. It is widely used in building and construction products, ranging from windows and skylights to wall panels and roof domes and exterior LED lighting elements. During the forecast period, the demand for PC from the industry is expected to register a CAGR of 5.38% in volume terms.
End User Industry | |
Aerospace | |
Automotive | |
Building and Construction | |
Electrical and Electronics | |
Industrial and Machinery | |
Packaging | |
Other End-user Industries |
Country | |
Argentina | |
Brazil | |
Rest of South America |
Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polycarbonate market.
- Resin - Under the scope of the study, virgin polycarbonate resin in its primary forms such as powder, granule, etc. are considered.
Keyword | Definition |
---|---|
Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms