Polycarbonate Market Size And Strategies 2024-2033 – Growth Analysis, Outlook, Overview

Overview and Scope

Polycarbonate is a transparent thermoplastic polymer with carbonate functional groups. It is known for its exceptional strength and impact resistance. It is derived from bisphenol A (BPA) and phosgene and is a lightweight and durable alternative to glass due to its high clarity and shatter-resistant properties.

Sizing and Forecast

The polycarbonate market size has grown strongly in recent years. It will grow from $22.82 billion in 2023 to $24.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%.  The  growth in the historic period can be attributed to automotive industry growth, consumer electronics boom, environmental regulations, medical device applications, building and construction projects, aerospace industry demand.

The polycarbonate market size is expected to see strong growth in the next few years. It will grow to $30.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.  The growth in the forecast period can be attributed to sustainable and bio-based polycarbonates, rising demand in electronics, electric vehicle market growth, led lighting applications, expansion of 3d printing applications. Major trends in the forecast period include advancements in processing technologies, anti-reflective coatings, electronics miniaturization, smart building integration, lightweighting initiatives in automotive, collaborations for material innovation.

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Segmentation & Regional Insights

The polycarbonate market covered in this report is segmented –

1) By Type: Foil, Strips, Sheets, Film, Plates, Tubes, Fibers, Other Types

2) By Processing Technology: Injection Molding, Extrusion

3) By Grade: General Purpose Grade, Flame Retardant Grade, PC Alloyed Grade, Medical Grade, Food Grade, Other Grades

4) By Application: Transportation, Electrical And Electronics, Construction, Packaging, Consumer Goods, Optical Media, Medical Devices, Other Applications

Asia-Pacific  was the largest region in the polycarbonate market in 2023. North America  is expected to be the fastest-growing region in the forecast period. The regions covered in the polycarbonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East,  Africa.

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Major Driver Impacting Market Growth

The rising demand for electric vehicles is expected to boost the growth of the polycarbonate market going forward. An electric vehicle (EV) is powered by one or more electric motors using electrical energy stored in rechargeable batteries or another energy storage device. Polycarbonate is commonly used in electric vehicles due to its lightweight, high impact resistance, and optical clarity, providing enhanced safety, improved energy efficiency, and design flexibility. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, in 2021, electric car sales nearly doubled to 6.6 million as compared to 2020, reached 6.5 million electric vehicles on the road. Therefore, rising demand for electric vehicles is driving the growth of the polycarbonate market.

Key Industry Players

Major companies operating in the polycarbonate market report are BASF SE, The Idemitsu Kosan Company Ltd., Saudi Arabia’s Basic Industries Corporation (SABIC), LG Chem Ltd., Wanhua Chemical Group Co Ltd, Sumitomo Chemical Co. Ltd., Asahi Kasei Corporation, Evonik Industries AG, Covestro AG, Lotte Chemical Corporation, Formosa Chemicals & Fibre Corporation, Royal DSM NV, Teijin Limited, Kuraray Co. Ltd., Excelite Plastic Limited, Trinseo S.A., UBE Corporation, Sumitomo Bakelite Co. Ltd., Chi Mei Corporation, 3A Composites GmbH, Mitsubishi Engineering-Plastics Corporation, RTP Company Inc., Plaskolite LLC, Palram Industries Ltd., King Plastic Corporation, Polyplastics Co. Ltd., Isik Plastik Sanayi Ve Dis Ticaret Pazarlama A.S., Bayer Material Science LLC, Centroplast Engineering Plastics GmbH, Verzatec, Suzhou Omay Optical Materials Co. Ltd.

 The polycarbonate market report table of contents includes:

1. Executive Summary
2. Polycarbonate Market Characteristics
3. Polycarbonate Market Trends And Strategies
4. Polycarbonate Market – Macro Economic Scenario
5. Global Polycarbonate Market Size and Growth
…
32. Global Polycarbonate Market Competitive Benchmarking
33. Global Polycarbonate Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Polycarbonate Market
35.Polycarbonate Market Future Outlook and Potential Analysis
36. Appendix

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