Covestro and Nanodax Comes Together to Develop Polycarbonate Composites

China: Covestro, a German-based manufacturer of high-tech polymer materials, has signed an agreement with Tokyo-based NANODAX on the development of innovative polycarbonate composites reinforced with glass wool. The joint development work will be performed primarily at Covestro´s Polymer Research & Development Center (PRDC) in Shanghai, China. Covestro is among the world’s largest polymer companies and its business activities are aligned towards the manufacture of high-tech polymer materials. The main segments it serves are the automotive, electrical and electronics, construction and the sports and leisure industries. On the other hand, Nanodax, was the first company to industrialize glass wool reinforced resins in the world and is now pushing forward various resin reinforcement technology developments.

TechSci Research depicts that this agreement would cater to the growing demand of polycarbonate composites across various end user industries like Automotive, Packaging, Consumer Goods, and Electrical & Electronics, among others. Moreover, technological advancements in polycarbonates will altogether increase the market size and growth in engineering plastic industry globally.

According to TechSci Research report, “India Engineering Plastics Market Forecast & Opportunities, 2020”, the India engineering plastics market, in value terms, is expected to grow at the CAGR of approximately 13% during 2015–2020. Growth in the market is anticipated on account of increasing application of the product in various industries, wherein engineering plastics are fast emerging as substitutes to traditional engineering materials.