The Polycarbonate Global Market Report 2023 by The Business Research Company, provides polycarbonate market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Polycarbonate Global Market Report 2023, the market size is expected to grow from the global polycarbonate market size is expected to grow from $21.45 billion in 2022 to $22.82 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The size of polycarbonate market is expected to reach $28.38 billion in 2027 at a CAGR of 5.6%.
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.
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The polycarbonate market 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
Innovative solutions are a key trend gaining popularity in the polycarbonate market. Major companies operating in the polycarbonate market are focused on innovative solutions to meet demand and sustain their position in the market. For instance, in May 2023, Essentium Inc., a US-based chemical manufacturing company, launched Essentium Altitude, the first polycarbonate material to withstand extreme cold temperatures. Up to -60°C. Because of this, business players have a unique opportunity to quickly make parts that can resist freezing temperatures when needed, saving money, cutting waste, and simplifying the supply chain at the pace of relevance. It is the most recent innovative material that greatly increases the use of 3D printing for outdoor and high-altitude applications. Essentium Altitude, designed to survive extreme cold, UV rays, and fires, establishes a new benchmark for high-performance components in the aerospace, automotive, cold storage, maintenance, and construction sectors.
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. Polycarbonate Market Segmentation
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26. South America Polycarbonate Market
27. Brazil Polycarbonate Market
28. Middle East Polycarbonate Market
29. Africa Polycarbonate Market
30. Polycarbonate Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- The Idemitsu Kosan Company Ltd
- Saudi Arabia’s Basic Industries Corporation
- LG Chem Ltd
- Wanhua Chemical Group Co Ltd
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