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.
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 Region and Country:
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.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Some of the key developments that have taken place in the Polycarbonate Market include:
A list of some of the key suppliers present in the market are:
Global Polycarbonate Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.4%.
Due to the rising demand for lightweight, highly functional, and recyclable materials for external and interior applications, thermoplastic polymers are e favored in the automotive industry.
Key Global Polycarbonate Market players 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
Polycarbonates are not biodegradable; polycarbonate sheets are not very environmentally friendly and pose a hazard to the environment.
Asia Pacific Region is expected to account for the largest market revenue share in the Global Polycarbonate market.
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