Polycarbonate Market

Global Polycarbonate Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Polycarbonate Market was worth US$ 23,479.0 Mn and is expected to grow at a CAGR of 5.4% over the forecast period. While the historical CAGR is 4.5%, the market is expected to hit US$ 39,727.0 Mn by 2032 end.

Numerous sectors use this resin, including automotive and transportation, building, packaging, consumer products, and medical devices. Regulations promoting the use of plastics and the reduction of vehicle weight have resulted in a recent surge in demand from car makers.

Market Dynamic

GROWING DEMAND FROM END-USE INDUSTRIES DRIVES THE MARKET

Due to its outstanding physical and chemical qualities, polycarbonate is used in various end-use industries. Due to the rising demand for lightweight, highly functional, and recyclable materials for external and interior applications, thermoplastic polymers are favored in the automotive industry.

Construction activity has increased in some growing nations, including China and India, due to increased government investment in infrastructure development. In both the residential and industrial construction sectors, the number of construction projects closely correlates with the growth in demand for roofing solutions. Thus, the expansion of the polycarbonate sheets market is responsible for the rise in demand for transparent roofing goods from the building and construction sectors.

ENVIRONMENTAL IMPACTS OF POLYCARBONATE SHEETS HAMPER THE MARKET

Polycarbonate sheets are employed more frequently in various applications because of their great characteristics. However, they contain bisphenol A, which should not be used in the food sector. Because they are not biodegradable, polycarbonate sheets are not environmentally friendly and pose a hazard to the environment. Polycarbonate sheets are used in producing CDs, DVDs, automobile parts, and roofing systems for buildings; nevertheless, careless disposal of these waste polycarbonate sheet materials in riverbeds or the ocean poses a major risk hazard to aquatic life.

Market Segments Covered in Report

By Type:

• Solid
• Multiwall
• Corrugated
• Others

By End-Use:

• Building & Construction
• Electrical & Electronics
• Automotive & Transportation
• Aerospace & Defense
• Packaging
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is the Solid Polycarbonate sheet segment the most used?

Solid polycarbonate sheets are frequently used in place of glass in various applications because they offer exceptional impact resistance and durability. Compared to glass, they are lighter and highly good at transmitting light. Polycarbonate sheets have an impact strength of about ten times more than toughened glass and 200 times greater than regular glass. These characteristics make solid polycarbonate sheets excellent for various applications, driving global demand.

Why is the automotive & construction segment projected to be the largest end-use industry?

The main end-use industrial segment for polycarbonate is anticipated to be the automotive and construction sector. In addition to having good homogeneity, enhanced flexibility, and high strength, polycarbonate sheets are lightweight and simple. Architectural designers choose polycarbonate sheets over alternatives when choosing building materials because they facilitate the execution of creative structural ideas while also speeding up construction and lowering overall construction costs.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• With a market share of 59.3%, the Asia Pacific area is the most promising for the polycarbonate industry. This rise can be ascribed to the manufacturing sector’s increased production to meet the growing domestic and international demand for high-quality products. Additionally, the region’s booming end-use industries are fuelling research, development, and new polycarbonate innovations, driving up demand for the material in the APAC market.
• Growing demand for lightweight vehicles and the development of the automotive industry is projected to keep Europe in second place in the next years.

Competition Analysis

Some of the key developments that have taken place in the Polycarbonate Market include:

• In January 2021, at a ceremony in Riyadh, Nusaned Investment, a fully owned subsidiary of SABIC that runs as an independent investment firm, inaugurated its new office building and unveiled a new brand logo. This expansion is intended to increase its local presence to meet consumer demand.
• In February 2018, Makrolon Rx3440 polycarbonate was introduced by Covestro for use in medical-grade polycarbonate applications. This introduction assisted the business in expanding its selection of polycarbonate sheets.
• In August 2018, Inapal Plasticos SA (Inapal), a significant Portuguese provider of automotive composite materials, was purchased by Teijin Limited. This acquisition increased the company’s business portfolio and satisfied the market’s unmet demand.
• In January 2018, Optical electronics, consumer & industrial, and healthcare industries used LEXAN CXT resin, a new brand of high-clarity, high-heat, and injection moldable polycarbonate copolymer resin. The business expanded its selection of polycarbonate sheets with this launch.

A list of some of the key suppliers present in the market are:

• SABIC Innovative Plastics
• Teijin Limited
• Chi Mei Corporation
• Idemitsu Kosan Co., Ltd
• Mitsubishi Engineering-Plastics Corporation
• Trinseo (Styron)
• Centroplast Engineering Plastics GmbH
• Bayer MaterialScience AG
• Royal DSM
• Asahi Kasei Chemical Corporation

Global Polycarbonate Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies