The North American polycarbonate market constitutes 16.0% of the global polycarbonate market and is projected to register a CAGR of 3% during the forecast period. The technological advancements in the region lead to high demand for the various advanced gadgets. Demand for the lighter and safer gadgets demands PC material that is durable, sustains high temperature, anti-shatter, and has good optical properties. Smartphone manufacturers’ data shows that more than 65.0% of the North American population owned a smartphone in 2014 as compared to that of 21.0% in 2010. North America is one of the largest markets for consumer electronics. Increasing demand for consumer electronics drives the demand for the PC in the particular end segment.
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Polycarbonate industry has witnessed several technological advancements in terms of processing methods, product applications and new product developments since its evolution. Technological advancements boost the growth of polycarbonate market in this region.
Global television market has undergone a dramatic transformation the recent years with the emergence of LCD TV’s in early 2000s. Since then, the industry has witnessed continuous transformation from large screen LCD TV to LED, and recently with 3D LED TV. North America is one of the largest markets for large screen TVs. Several manufacturers have their manufacturing site in this region in order to meet the regional demand. Growth in the demand of large screen TVs is expected to continue in the region in near future as a result of economic recovery. In addition, advancements in technology are also expected to drive the demand of PC in the region.
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FDA regulations over the use of BPA in baby products and other packaging materials is the only inhibitor which may slowdown the growth of polycarbonate market in North America. Recent approval of usage of PC/BPA in large bottles by Food and Drug Association (FDA) in 2013 is expected to increase the demand for PC in near future.
The U.S. is the largest market in North America. Consumer goods segment, followed by automotive and electronics, are the dominant application segments for polycarbonate. Other application segment includes niche applications, such as medical implants and tableware, among others.
