Polycarbodiimides Market Report Overview
-
Request a Free Sample to learn more about this report
The global polycarbodiimides market size was USD 65 million in 2022 & the market is projected to touch USD 190 million by 2031, exhibiting a CAGR of 12.7% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Poly-carbodiimides are a type of polymer with unique qualities such as high thermal stability, great adhesion, and low toxicity, which makes them appropriate for a wide range of applications in many sectors. The polycarbodiimides market is expanding rapidly as businesses seek novel materials to fulfil their changing requirements. With their long histories, outstanding growth rates, and considerable market sizes, Evonik Industries AG, The Dow Chemical Company, and SK Chemicals are the primary players driving this growth.
COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market
The pandemic caused worldwide supply chains to become disrupted, which had an impact on the availability and delivery of raw materials, preceramic polymers, and machinery needed to produce PDCs. This might have affected the total production capacity and led to manufacturing delays. The pandemic caused worldwide supply chains to become disrupted, which had an impact on the availability and delivery of raw materials, preceramic polymers, and machinery needed to produce PDCs. This might have affected the total production capacity and led to manufacturing delays. Due to lockdowns, travel bans, and economic uncertainty, PDC demand fell during the pandemic in sectors including aerospace, automotive, and electronics that are major consumers of PDCs. The demand for PDCs may have been impacted by the decreased demand in these sectors.
LATEST TRENDS
"The Technological Advancements and Applications in Aerospace to Grow Market Potentially"
The most recent development in the polycarbodiimides industry is the creation of new and enhanced materials with greater properties. Manufacturers are working to create polycarbodiimides with a wider range of melting points, more flexibility, and improved durability. By expanding the use of Polycarbodiimides across a range of industries, these advances are expected to create new market opportunities. As organisations look for novel materials to meet their evolving needs, the market for polycarbodiimides is growing quickly. Evonik Industries AG, The Dow Chemical Company, and SK Chemicals are the main forces behind this expansion due to their extensive histories, exceptional growth rates, and enormous market sizes.
Polycarbodiimides Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type
Based on type the polycarbodiimides market is classified as anti-hydrolysis agents, cross-linking agents and others.
The part cross-linking agents is the leading of all other types.
- By Application
Based on application the polycarbodiimides market is classified as paints and coatings, plastic and others.
The part plastic is the leading type of the application segment.
DRIVING FACTORS
"The Electronic and Optical Films Applications to Boost the Market Growth "
Owing to their superior electrical insulation and high-temperature stability, poly-carbodiimides are ideally suited for use in electronic applications. Die attach adhesives and encapsulating compounds for electronic materials, such as polycarbodiimides, are used in their production. For usage in displays and optical devices, it can be utilized to create optical films with a higher degree of transparency.
"Growing Demand in Adhesive, Sealants, Coatings and Printing Inks to Multiply the Production and Market Growth"
The special properties of the chemical, a particular class of polymer, include high thermal stability, excellent adhesion, and low toxicity, making them suitable for a wide range of applications in numerous industries. Polycarbodiimides are used in the creation of high-performance adhesives and sealants due to their exceptional adhesion to a variety of surfaces and durability in harsh environments. Due to their improved tensile strength, chemical resistance, and adhesion, polycarbodiimide based coatings are useful in the automotive, aerospace, and electronic industries. These polymers can be used to create printing inks of excellent quality with good adhesion, abrasion resistance, and chemical resistance.
RESTRAINING FACTORS
"Limited Color Stability and the Cost Factor to Restrain the Market Growth"
Polycarbodiimides have many benefits and distinctive qualities, but they also have substantial disadvantages that may restrict their use in some applications. The market is also constrained by a number of factors, including high raw material costs and a lack of awareness of the advantages of poly-carbodiimides among end users. The cost for the production can be significantly higher than that of other common polymers. Its use in price-sensitive markets or applications may be constrained by this price point. Several poly-carbodiimides may lose their colour stability when exposed to UV light or other environmental factors. Their suitability for applications requiring long-term colour preservation may be constrained by this. Therefore, limitations in color stability, high cost is limiting the polycarbodiimides market growth.
Polycarbodiimides Market Regional Insights
-
Request a Free Sample to learn more about this report
"North American Region to Dominate the Market with Applications in the Aerospace, Defense and Electronics Industries"
North America dominated both the production and consumption of polycarbodiimides market share as of the most recent report in 2021. For the manufacture and consumption of specialised polymers, the United States and Canada are important regions. The region is distinguished by a substantial concentration of high-tech sectors, including those that produce aircraft, electronics, and medical devices, which help to drive the demand for high-performance polymers. The demand for eco-friendly polymers like poly-carbodiimides may be impacted by the North American region's focus on sustainability and innovative manufacturing.
KEY INDUSTRY PLAYERS
"Financial Players to Contribute Towards Expansion of Market"
The market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures.The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.
List of Market Players Profiled
- Angus Chemical Company (U.S.A)
- BASF (Germany)
- Stahl (The Netherlands)
- Nisshinbo (Japan)
- DSM (The Netherlands)
- LANXESS (Germany)
- Covestro (U.S.A).
REPORT COVERAGE
The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 65 Million in 2022 |
Market Size Value By |
US$ 190 Million by 2031 |
Growth Rate |
CAGR of 12.7% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the polycarbodiimides market expected to touch by 2031?
The global polycarbodiimides market is expected to reach USD 190 million by 2031.
-
What CAGR is the polycarbodiimides market expected to exhibit by 2031?
The polycarbodiimides market is expected to exhibit a CAGR of 12.7% by 2031.
-
Which are the driving factors of the polycarbodiimides market?
The electronic and optical film applications and the growing demand from the adhesive, sealants, coatings and printing inks are the driving factors of the polycarbodiimides market.
-
Which are the key players functioning in the polycarbodiimides market?
Angus Chemical Company, BASF, Stahl, Nisshinbo, DSM, LANXESS, Covestro and others are the key players functioning in the polycarbodiimides market.