The vendor landscape of the global polycarbonate market includes companies such as Chi Mei Corporation, Bayer MaterialScience AG, Trinseo (Styron), SABIC Innovative Plastics, Mitsubishi Engineering-Plastics Corporation, Royal DSM, Teijin Limited, Centroplast Engineering Plastics GmbH, Idemitsu Kosan Co. Ltd., and Asahi Kasei Chemical Corporation. The market players are witnessing an increased demand for the material across the electronics sector, notes Transparency Market Research (TMR) in a new report. In 2013, the electronics application segment dominated the overall market with a share of over 26%. However, the automotive sector is expected to emerge as the fastest growing application segment during the forecast period owing to the growing demand for lightweight vehicles. The demand for bio-based polycarbonate has surged in the recent times due to the growing concerns about the potential harmful effects of BPA. As a result, the market players are working on the development of polycarbonates that contain safer alternatives to BPA.
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