Polycarbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Polycarbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global polycarbonate market size reached US$ 10.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Polycarbonate is a polyester commonly used in plastic lenses of eyewear, medical devices, automotive components, protective gear, greenhouses, compact disc (CD), digital versatile disc (DVD), Blu-ray, and exterior lighting fixtures. It offers heat resistance and can be combined with flame retardant materials without significant material degradation. It also provides durability, thermal insulation, and light transmission properties. It is lightweight, easy to install, and available in multiple colors, sizes, and shapes, as compared to other polymers.

Polycarbonate is used to protect against the shattering and scratching of electronic products like computers, electrical chargers, fax machines, pagers, connectors, and battery boxes. This, in confluence with the increasing sales of electronics, represents one of the key factors bolstering the market growth. In addition, it is employed in construction materials as it offers protection from ultraviolet (UV) rays. This, in confluence with rising construction activities in industrial areas, is contributing to the market growth. Apart from this, it finds extensive application in automotive components, including lighting, headlamp lenses, interior cladding, dashboards, bumpers, and body panels. This, coupled with the rising need for passenger and driver safety equipment, is strengthening the market growth. Furthermore, polycarbonate is incorporated into medical devices to diagnose and treat various chronic ailments. This, along with the growing prevalence of chronic diseases and significant improvements in the healthcare infrastructure, is driving the market. Besides this, extensive research and development (R&D) activities to develop high-performance plastics and increasing utilization of polycarbonate in the packaging of baby bottles, furniture, water dispensers, garden equipment, and sporting products are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global polycarbonate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and application.

Breakup by Product Type:

Sheets and Films
Fibers
Blends
Tubes
Others


Sheets and films dominate the market as they are durable, lightweight, transparent, and have excellent ink adhesion.

Breakup by Application:

Automotive
Electrical and Electronics
Construction, Sports and Recreational
Optical Media
Appliances and Housewares
Packaging
Medical and Ophthalmic
Others


Polycarbonate is widely employed in electrical and electronics as it is a good electrical insulator and offers heat-resistance and flame-retardant properties.

Imports and Exports:

Import Trends
Import Breakup by Country
Export Trends
Export Breakup by Country


Breakup by Region:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa


The Asia Pacific holds the majority of the global polycarbonate market share due to rising industrialization in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are CHIMEI Corporation, Covestro AG, Formosa Chemicals and Fibre Corporation, Idemitsu Kosan Co., Ltd., LG Chem, LOTTE Chemical Corporation, Mitsubishi Engineering Plastics Corporation, Saudi Basic Industries Corporation (SABIC), Teijin Limited, and Trinseo PLC.

Key Questions Answered in This Report:

What is the expected growth rate of the global polycarbonate market?
What has been the impact of COVID-19 on the global polycarbonate market?
What are the key factors driving the global polycarbonate market?
What is the breakup of the global polycarbonate market based on the application?
What are the key regions in the global polycarbonate market?
Who are the key players/companies in the global polycarbonate market?