The global polycarbonate market size reached US$ 10.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 13.9 Billion by 2028, exhibiting a CAGR of 5.29% during 2022-2028.
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.
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:
The publisher 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
Breakup by Application:
- Automotive
- Electrical and Electronics
- Construction, Sports and Recreational
- Optical Media
- Appliances and Housewares
- Packaging
- Medical and Ophthalmic
- Others
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
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?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Polycarbonate Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Imports and Exports
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Chi Mei Corporation
- Covestro AG
- Formosa Chemicals & Fibre Corporation
- Idemitsu Kosan Co. Ltd.
- LG Chem
- Lotte Chemical Corporation
- Mitsubishi Engineering Plastics Corp.
- SABIC
- Teijin Limited
- Trinseo
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | March 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 10.2 Billion |
| Forecasted Market Value ( USD | $ 13.9 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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