Global Polycarbonate (Pc) Resin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polycarbonate (Pc) Resin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polycarbonate (Pc) Resin is a group of thermoplastic polymers with carbonate groups in their chemical structure, which is a kind of engineering plastics. Polycarbonate (Pc) Resin has excellent mechanical, thermal and optical properties. At present, Polycarbonate (Pc) Resin is widely used in Electronic Components, Construction Materials, Automobiles, Packaging and other fields.

Market Overview:

The latest research study on the global Polycarbonate (Pc) Resin market finds that the global Polycarbonate (Pc) Resin market reached a value of USD 20540.23 million in 2022. It’s expected that the market will achieve USD 27236.22 million by 2028, exhibiting a CAGR of 4.82% during the forecast period.

Driver.

Wide application of Polycarbonate (Pc) Resin
At present, due to the many advantages of Polycarbonate (Pc) Resin, the product is widely used. Polycarbonate (Pc) Resin is widely used in Electronic Components, Construction Materials, Automobile, Packaging and other fields. For example, in the automotive field, Polycarbonate (Pc) Resin has good impact resistance, thermal distortion resistance, good weather resistance and high hardness, so it is suitable for the production of various parts of cars and light trucks, mainly in lighting systems, instrument panel, heating plate, defroster and Polycarbonate (Pc) Resin alloy bumper, etc. In the field of packaging, Polycarbonate (Pc) Resin can be manufactured into various types of water storage bottles that can be sterilized and used repeatedly. Because Polycarbonate (Pc) Resin products have the advantages of lightweight, good impact resistance and transparency, and are not deformed and transparent when washed with hot water and corrosive solutions, PC bottles have completely replaced glass bottles in some fields. In the field of electronic components, because Polycarbonate (Pc) Resin has good and constant electrical insulation in a wide range of temperatures and humidity, it is an excellent insulating material. At the same time, its good flame retardancy and dimensional stability make it a broad application field in the electronic and electrical industry. Generally speaking, Polycarbonate (Pc) Resin is widely used. At present, with the continuous development of the economy, the market size of Electronic Components, Construction Materials, Automobiles, Packaging and other industries have expanded, and the market demand for Polycarbonate (Pc) Resin has continued to increase. Therefore, the wide application of Polycarbonate (Pc) Resin is one of the important driving factors to promote the development of the industry.

Restraints and Challenges.

Environmental pollution has become a constant problem that plagues mankind. Dust, landfills, non-degradable substances, wastewater, etc. produced by industrial production, because of their wide range, large volume, and extremely complex composition, far exceed the self-repair ability of the environment, and become the most important source of pollution, leading to overdraft of environmental resources. The ecology was devastated. For the Polycarbonate (Pc) Resin industry, enterprises will produce waste water, waste gas and solid waste during the production process. For example, in the non-carbonyl chloride production of polycarbonate, the wastewater mainly comes from waste gas treatment waste water, dehydration tower wastewater, vacuum pump drainage, floor and equipment flushing wastewater, etc. Such industrial wastewater can contain high concentrations of phenol.
Polycarbonate (Pc) Resin industry companies must comply with environmental laws and regulations on air, water quality, solid waste disposal, etc., and accept inspections by relevant environmental protection departments. If the company's pollutant discharge indicators do not meet the relevant standards, it will need to be punished by the relevant environmental protection department, which will increase the company's operating costs. Increasingly stringent environmental policies are among the challenges faced by companies in this industry.

Region Overview:

In 2021, the share of the Polycarbonate (Pc) Resin market in China stood at 39.48%.

Company Overview:

Covestro is one of the world's leading producers of high-quality polymers and their components. With innovative products, processes and methods, the company helps to promote sustainable development and improve the quality of life in many fields. Globally, Covestro serves customers in key industries including transportation, construction and living, and electrical and electronics. In addition, Covestro polymers are used in fields such as athleisure, cosmetics and healthcare, as well as in the chemical industry itself.

SABIC is a world-renowned diversified chemical company headquartered in Riyadh, Saudi Arabia. SABIC's manufacturing plants are located all over the world, including the Americas, Europe, Middle East and Asia Pacific, and its products cover chemicals, general and high-performance plastics, agricultural nutrients and steel. The company helps clients identify new opportunities in key end markets such as construction, medical devices, packaging, agricultural nutrients, electronics, transportation and clean energy.

Covestro is one of the major players operating in the Polycarbonate (Pc) Resin market, holding a share of 26.05% in 2022.

Segmentation Overview:

Phosgene Method
This type refers to Polycarbonate (Pc) Resin produced by the reaction of bisphenol A (BPA) and phosgene.
Transesterification Method
This type refers to Polycarbonate (Pc) Resin which needs to be produced by transesterification of bisphenol A and diphenyl carbonate.

By type, Phosgene Method segment accounted for the largest share of market in 2021.

Application Overview:

Electronic Components

In the field of Electronic Components, Polycarbonate (Pc) Resin is an excellent insulating material. The products are mainly used to produce components of various electronic products, including body, bracket, parts and so on.
Construction Materials
At Construction Materials, Polycarbonate (Pc) Resin can be made into sheets for dome lights, flat or curved glass, roof panels, and acoustic walls.

Automobile

In the automotive field, Polycarbonate (Pc) Resin is suitable for the production of various parts of cars and light trucks, mainly in lighting systems, dashboards, heating panels, etc.

Packaging

In the field of packaging, Polycarbonate (Pc) Resin can be manufactured into various types of packaging bottles that can be repeatedly sterilized and used.

Medical

In the medical field, Polycarbonate (Pc) Resin is widely used in artificial kidney hemodialysis equipment and other medical equipment that needs to be operated under transparent and intuitive conditions and needs to be repeatedly sterilized. Manufactured into high-pressure injectors, surgical masks, disposable dental appliances, blood separators, etc.

The market's largest segment by application is the segment Electronic Components, with a market share of 39.34% in 2021.

Key Companies in the global Polycarbonate (Pc) Resin market covered in Chapter 3:

Covestro
Teijin
LG Chem
Trinseo
Samsung Cheil
Samyang
Mitsubishi
Formosa Idemitsu
SABIC
Chi Mei

In Chapter 4 and Chapter 14.2, on the basis of types, the Polycarbonate (Pc) Resin market from 2018 to 2029 is primarily split into:

Phosgene Method
Transesterification Method

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polycarbonate (Pc) Resin market from 2018 to 2029 covers:

Electronic Components
Construction Materials
Automobile
Packaging
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)