The major participants operating in the Asia-Pacific polycarbonate market are Teijin Ltd. (Japan), Bayer Material Science AG (China), Samsung SDI Chemicals and Electronics Material Incorporation (South Korea), Mitsubishi Engineering-Plastics Ltd. (Japan), and others.
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There are three key players in this market which accounts the maximum share than other companies. In 2014, Teijin Ltd. accounted for the largest market share of 20% in the Asia-Pacific polycarbonate market. Under its Electric Materials & Performance Polymer Products, it provides films and resin plastic processing, such as PET Film, PEN film, processed films, polycarbonate, PC/ABS polymer alloy resin, PEN resin, and transparent conductive films.
In October 2013, Teijin Ltd announced to establish Teijin Corporation (Thailand) Limited, a wholly-owned subsidiary for production and sales of newly developed meta-aramid fiber. The new subsidiary would also serve as a sales base for the Teijin Panlite polycarbonate resin and processed products. This will help Teijin to strengthen its capability to develop sales in Asia and would serve to increase its market share.
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Bayer Material Science (BMS) is the second key player operating in this market. . It is engaged in the production, development, and sales of polymer and plastic material. In December 2014, BMS started its new polycarbonate sheet production plant at its Guangzhou, China. This helped company to increase its revenues and affected the overall market of polycarbonate in Asia-Pacific.
In April 2012, it collaborated with Chinese car manufacturer Great Wall Motors, to apply PC glazing to create lightweight cars.
Samsung SDI Chemicals and Engineering Material Incorporation is another leading player of Asia-Pacific Polycarbonate market. The company started its business with the development of plastic synthetic resins including acrylonitrile butadiene styrene (ABS) and polystyrene (PS). Samsung SDI has successfully secured world leading competitiveness by diversifying its business portfolio to engineering plastics.
In July 2014, Samsung SDI and Cheil Industries were officially merged to form Samsung SDI Chemicals & Electronic Materials Incorporation. This merger is anticipated to increase overall operational efficiency and to promote their inherent competitiveness. In total, this new corporation will boost sales revenues to $9.4 billion.
In May2014, Samsung SDI Chemicals expanded its production in Shanghai, China. It completed its engineering plastic (EP) production plant in Dongguan, Guangdong Province in Southern China and begun mass-production of plastics that are used in mobile phones and automobiles. PC production with the Dongguan plant will increase PC demand in this region.
