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India Polycarbonate Market: Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

  • ID: 5055484
  • Report
  • May 2020
  • Region: India
  • 53 pages
  • ChemAnalyst
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The Demand for Polycarbonate in India Stood at 148.61 Thousand Tons in 2018 and is Projected to Grow at a CAGR of 6.85% During 2015-2030.


  • Bayer
  • Chi Mei Corporation
  • Idemitsu Kosan
  • LG Chem Ltd
  • Lotte Chemicals
  • Mitsui Chemicals
  • MORE
The demand for Polycarbonate in India stood at 148.61 thousand tons in 2018 and is projected to grow at a CAGR of 6.85% during 2015-2030. Polycarbonate is a transparent thermoplastic polymer derived from phosgene and bisphenol A. Its high impact strength and high ductility gives it a competitive edge over other plastics. Electrical and electronics industry followed by consumer goods industry primarily drives the demand for Polycarbonate for manufacturing of various devices owing to its light weight and break resistance. As Polycarbonate is appreciably utilized in the manufacturing of medical syringes and in single use medical packaging, sudden outbreak of Coronavirus in Q4 of FY 20 has caused an incredible increment in the consumption of Polycarbonates on the high demand for medical facilities to combat to the Coronavirus stress. This outgrown demand from medical industry is likely to propel the consumption for Polycarbonate in the coming years on persisting dilemma over the complete abatement of virus. However, the slowdown in the automotive sector in 2019, further exacerbated by the outbreak of Coronavirus has subsequently lingered the demand for the product. The reduced production of automobiles to combat the revenues affected by low buying sentiments have led to a downtrend in the demand for raw materials like Polycarbonates utilized in the manufacturing of interior and exterior components of automobiles. Moreover, Polycarbonates finds excessive applications in construction industry for manufacturing of wall panels, roof panels, skylights and others. The demand from the construction sector is expected to remain still on low investments on projects affected by slowdown in economy.

In contrast, steep rise in the demand for packaging of food materials as an outcome of increase in the demand for single-use plastic packaging in fear of virus infection, is likely to emerge as the potential segment for the growth of the Indian Polycarbonate market in the forecast period.

The demand for Polycarbonate in India is completely catered through Imports as there is no domestic production. As the market prompts huge potential for new players to emerge, GAIL Limited, a state owned natural gas company, has proposed the greenfield project to set up the first Polycarbonate Plant in the country with the total capacity around 1.6-2 million tons . Although the plant location, investment and other articulates are yet to be announced. Owing to the excessive demand for the Polycarbonates, this project after completion is anticipated to consolidate high revenues for the country.

The demand for Polycarbonate in India varies with its different grades and types. The general-purpose grade of Polycarbonate holds the maximum consumption share in the country on account of its abundant use in the automotive industry. Moreover, the demand for Polycarbonate in India is perceived to vary with regions too. North and west regions in the encompasses major consumption due to presence of large number of end-user industries and a vast distribution channel.

Years Considered for this Report:
  • Historical Years: 2015 - 2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022 - 2030
Objective of the Study:
  • The primary objective of the study was to evaluate and forecast polycarbonate demand, inventory, and demand - supply gap in India.
  • To categorize polycarbonate demand based on type, grade, end-use, region and sales channel.
  • To study trade dynamics and company share in the Indian polycarbonate market.
  • To identify major customers of polycarbonate in India.
  • To evaluate and forecast polycarbonate pricing by grade in India.
  • To identify and profile major companies operating in the Indian polycarbonate market.
  • To identify major news, deals and expansion plans in the Indian polycarbonate market.
As currently there is no production of Polycarbonates in the country, the entire demand for the product is met through imports. Some of the major players operating in India polycarbonate market are Thai Polyacetal Company Limited and Thai Polycarbonate Company Limited, Saudi Arabic Industry Corporation, LG Chem Ltd, Formosa Industrial Petrochemical Corporation, Chi Mei Corporation, etc

Polycarbonate being a crude oil derivative, prices of the product are highly susceptible to prices of crude oil. The unprecedented dive in the prices of crude oil in the final quarter of FY 20 on over production due to the rift between OPEC countries, followed by slacked demand on travel and transport restrictions after Coronavirus outbreak has slumped the prices of its derivatives like benzene and styrene. Consequently, prices of feedstock Bisphenol A witnessed a downward pressure on falling prices of feedstock Phenol at the back of reduced the demand resulting from halt in industrial activities. Owing to the fluctuation in market dynamics, prices of Polycarbonate underwent a fall over 20 per cent from the previous financial year. However, the prices are anticipated to recover in the coming years on the high demand for Polycarbonate from the medical and electronics industry.

To extract data for the Indian polycarbonate market, primary research surveys were conducted with polycarbonate manufacturers, suppliers, distributors, wholesalers and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, the author was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the author analyzed various end-user segments and projected a positive outlook for the Indian polycarbonate market over the coming years.

The author calculated the demand for Polycarbonate in India by analyzing the historical data and demand forecast which was carried out considering crude oil prices. Researchers sourced these values from the industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied.

Key Target Audience:
  • Polycarbonate manufacturers and other stakeholders
  • Organizations, forums and alliances related to polycarbonate distribution
  • Government bodies such as regulating authorities and policy makers
  • Market research organizations and consulting companies
Report Scope:
In this report, the Indian Polycarbonate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
  • Market, by Type- Polycarbonate Syringe, Polycarbonate tubes/pipes, Polycarbonate films and Others
  • Market, by Grade- General Purpose Grade, Machine Grade, Industrial Grade, Medical Grade, Food Grade and Others
  • Market, by End-use- Electrical & Electronics, Automotive, Building & Construction, Consumer Products, Medical and Others
  • Market, by Distribution Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
  • Market, by Region- North, West, East and South
The study is useful in providing answers to several critical questions that are important for the industry stakeholders, such as polycarbonate manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Note: Product cover images may vary from those shown
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  • Bayer
  • Chi Mei Corporation
  • Idemitsu Kosan
  • LG Chem Ltd
  • Lotte Chemicals
  • Mitsui Chemicals
  • MORE
1. Manufacturing Process & Technology Licensing Evaluation

2. India Polycarbonate Demand-Supply Gap Outlook, By Volume
2.1. Country-Wise Import
2.2. Country-Wise Export
2.3. Demand-Supply Gap

3. India Polycarbonate Demand Outlook
3.1. By Type
3.2. By Grade
3.3. By End Use
3.4. By Distribution Channel
3.5. By Region / State
3.6. By Company

4. Customer Analysis
4.1. Procurement Volume
4.2. Procurement Prices
4.3. Existing Supplier
4.4. Contact Details

5. Cost Structure
5.1. Raw Material Cost
5.2. Selling & Distribution Cost
5.3. Fixed Cost
5.4. Other Cost

6. Market Trends & Developments (Focus on emerging application and manufacturing technologies

7. Grade-Wise & Company-Wise Pricing Analysis (Monthly)
7.1. Historical Prices (Domestic, CFR)
7.2. Forecast

8. Competitive Landscape (Top 10 Companies in terms of revenue share)
8.1. Company Profiles
8.1.1. Key Financial Matrices
8.1.2. Margin Analysis
8.1.3. SWOT Analysis
8.1.4. Key Market Focus and Geographical Presence
8.1.5. Planned Investments
8.1.6. Collaborations
8.1.7. Technology Licensing
8.1.8. Expansion Plan

9. Project Viability Analysis

10. Strategic Recommendations

11. About the Author & Disclaimer

List of Figures
Figure 1: India Polycarbonate Trade Surplus/Deficit, By Volume (KT), 2015-2020
Figure 2: India Polycarbonate Demand Market Share, By Type, 2015-2030F (%)
Figure 3: India Polycarbonate Demand Market Share, By Grade, 2015-2030F (%)
Figure 4: India Polycarbonate Demand Market Share, By End Use, 2015-2030F (%)
Figure 5: India Polycarbonate Demand Market Share, By Distribution Channel, 2015-2030F (%)
Figure 6: India Polycarbonate Demand Market Share, By Region, 2015-2030F (%)
Figure 7: India Polycarbonate Demand Market Share, By Company, 2020 & 2021E (%)
Figure 8: India Polycarbonate Recent News / Deals

List of Tables
Table 1: India Polycarbonate Trade Dynamics, Country-Wise Import, 2015-2020
(Value in INR Million & Volume in KT)
Table 2: India Polycarbonate Trade Dynamics, Country-Wise Export, 2015-2020
(Value in INR Million & Volume in KT)
Table 3: Customer Analysis of India PET Market, 2020
Table 4: Supplier Cost Structure Analysis of India PET Market, 2019 & 2020
Note: Product cover images may vary from those shown
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  • Thai Polyacetal Company Limited
  • Thai Polycarbonate Company Limited
  • Saudi Arabic Industry Corporation
  • LG Chem Ltd
  • Formosa Industrial Petrochemical Corporation
  • Chi Mei Corporation
  • Lotte Chemicals
  • Mitsui Chemicals
  • Idemitsu Kosan
  • Bayer
Note: Product cover images may vary from those shown
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