North America Polycarbonate Market Size, Share & Trends Analysis Report By Product Type, By Application (Electrical & Electronics, Automotive & Transportation, Construction, Packaging, Consumer Goods, Medical Devices, Optical Media and Others), By Country and Growth Forecast, 2023 - 2030
The North America Polycarbonate Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,306.1 Kilo Tonnes, showcasing a growth of 1.8% (2019-2022).
Blends play a crucial role in the market, offering tailored properties that cater to specific application requirements. By combining PC with other polymers or additives, manufacturers can enhance characteristics such as impact resistance, flame retardancy, UV stability, and processability. Blends extend the versatility of PCs, allowing it to meet a broader range of demands across industries such as automotive, electronics, construction, and consumer goods. Therefore, the US market consumed 295.5 kilo Tonnes in the market in 2022.
The US market dominated the North America Polycarbonate Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,634.3 Million by 2030. The Canada market experiencing a CAGR of 6.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.8% during (2023 - 2030).
The exceptional performance characteristics of polycarbonate play a pivotal role in its widespread adoption across industries. Its high impact resistance, optical clarity, and thermal stability make it a preferred choice for applications where durability and reliability are paramount. As industries seek materials that can withstand challenging conditions while maintaining functionality, PC’s superior properties contribute to its growing adoption.
The ability to mold and shape polycarbonate into intricate designs while maintaining structural integrity gives manufacturers a high degree of flexibility. This versatility has led to the adoption of PC in applications where customized and aesthetically pleasing designs are essential, such as consumer electronics, automotive interiors, and architectural elements.
PC offers excellent transparency and optical clarity, allowing for the manufacturing of clear and visually appealing medical devices in Canada. Its lightweight nature is advantageous for manufacturing portable medical devices in Canada. Devices such as handheld diagnostic tools, wearable health monitors, and portable imaging equipment benefit from polycarbonate's lightweight properties, improving user convenience and device portability in Canada. Ongoing innovation in materials science and manufacturing technologies allows for developing new and customized medical devices in Canada. Hence, the factors mentioned above will drive the regional market growth.
Based on Product Type, the market is segmented into Sheets & Films, Blends and Others. Based on Application, the market is segmented into Electrical & Electronics, Automotive & Transportation, Construction, Packaging, Consumer Goods, Medical Devices, Optical Media and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Covestro AG
- SABIC (Saudi Arabian Oil Company)
- LOTTE Chemical Corporation (LOTTE Corp.)
- Teijin Limited
- Trinseo PLC
- Idemitsu Kosan Co., Ltd.
- LG Chem Ltd. (LG Corporation)
- RTP Company, Inc.
- CHIMEI Corporation
- Lone Star Chemical
By Product Type (Volume, kilo Tonnes, USD Billion, 2019-2030)
- Sheets & Films
- Blends
- Others
- Electrical & Electronics
- Automotive & Transportation
- Construction
- Packaging
- Consumer Goods
- Medical Devices
- Optical Media
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Polycarbonate Market, by Product Type
- 1.4.2 North America Polycarbonate Market, by Application
- 1.4.3 North America Polycarbonate Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Polycarbonate Market
- Chapter 5. North America Polycarbonate Market, by Product Type
- 5.1 North America Sheets & Films Market, by Country
- 5.2 North America Blends Market, by Country
- 5.3 North America Others Market, by Country
- Chapter 6. North America Polycarbonate Market, by Application
- 6.1 North America Electrical & Electronics Market, by Country
- 6.2 North America Automotive & Transportation Market, by Country
- 6.3 North America Construction Market, by Country
- 6.4 North America Packaging Market, by Country
- 6.5 North America Consumer Goods Market, by Country
- 6.6 North America Medical Devices Market, by Country
- 6.7 North America Optical Media Market, by Country
- 6.8 North America Others Market, by Country
- Chapter 7. North America Polycarbonate Market, by Country
- 7.1 US Polycarbonate Market
- 7.1.1 US Polycarbonate Market, by Product Type
- 7.1.2 US Polycarbonate Market, by Application
- 7.2 Canada Polycarbonate Market
- 7.2.1 Canada Polycarbonate Market, by Product Type
- 7.2.2 Canada Polycarbonate Market, by Application
- 7.3 Mexico Polycarbonate Market
- 7.3.1 Mexico Polycarbonate Market, by Product Type
- 7.3.2 Mexico Polycarbonate Market, by Application
- 7.4 Rest of North America Polycarbonate Market
- 7.4.1 Rest of North America Polycarbonate Market, by Product Type
- 7.4.2 Rest of North America Polycarbonate Market, by Application
- Chapter 8. Company Profiles
- 8.1 Covestro AG
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Geographical Expansions:
- 8.1.6 SWOT Analysis
- 8.2 SABIC (Saudi Arabian Oil Company)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Recent strategies and developments:
- 8.2.4.1 Product Launches and Product Expansions:
- 8.2.5 SWOT Analysis
- 8.3 LOTTE Chemical Corporation (LOTTE Corp.)
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
- 8.4 Teijin Limited
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 SWOT Analysis
- 8.5 Trinseo PLC
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Geographical Expansions:
- 8.5.6 SWOT Analysis
- 8.6 Idemitsu Kosan Co., Ltd.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 SWOT Analysis
- 8.7 LG Chem Ltd. (LG Corporation)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Recent strategies and developments:
- 8.7.4.1 Product Launches and Product Expansions:
- 8.7.5 SWOT Analysis
- 8.8 RTP Company, Inc.
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
- 8.9 CHIMEI Corporation
- 8.9.1 Company Overview
- 8.10. Lone Star Chemical
- 8.10.1 Company Overview
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