Polycarbonate Market, By Product Type (Sheets and Films, Fibers, Blends, Tubes, Others), By Application Type (Automotive and transportation, Electrical and electronics, Construction, Medical, and Others). By Region Analysis - Global Analysis And Industry Forecast Report Till 2030.

The global Polycarbonate Market is projected to grow from $19.89 billion to $36.96 billion, at a CAGR of 5.3% in terms of revenue during the forecast period.

Polycarbonate resins are fully mixed with other polymers, such as ABS and polyester, to create vehicle components. The ability to process PC resins more easily through injection molding, foam molding, extrusion, and vacuum forming has given end-users more possibilities for the resin's application. Future demand is projected to increase for specialized application fields including industrial machinery and safety equipment.

Market dynamics and application developments are largely determined by regulations. The emphasis on recycling methods has increased as a result of regulations directed at plastic trash and its disposal. Since that polycarbonate is a completely recyclable resin, this trend is anticipated to have a substantial impact on the material's ability to serve as a plastic substitute.

Market Dynamics:

Drivers:

Over the forecast period, the automotive application sector is anticipated to rule the worldwide polycarbonate market. Because of their great impact resistance and light weight, polycarbonates are popular materials for headlight lenses and other automobile interiors. To create car parts, they are combined with other polymers. The need for polycarbonate films is expected to be fueled by additional qualities like excellent light transmission, dimensional solidity, and durability. Also, it is predicted that efforts to make cars smaller will boost the global polycarbonate industry. In the upcoming years, it is anticipated that emerging economies would see rapid industrial and economic growth, driving up demand for polycarbonate.

Restraints:

Factors including fluctuating raw material prices and stringent rules governing the manufacture of polycarbonates are anticipated to restrain market expansion throughout the course of the projection year.

Opportunities:

Given that the product's steam and dry heat resilience has been crucial in replacing alternative thermosets and glass materials, the packaging application area is predicted to offer the biggest growth potential for polycarbonate compounding. One of the main markets for plastics is the automotive industry, which is expected to offer increasing prospects for polycarbonate compounds. PC compounds are typically utilized in headlamps and are laminated to create windows that are bulletproof.

Key Players:

• Mitsubishi Engineering Plastics Corporation

• SABIC

• Covestro AG

• Ningbo Zhetie Daphoon Chemical Co. Ltd

• Chi Mei Corporation

• LOTTE Chemical Corporation

• EXOLON Group GmbH

• Trinseo SA

• Formosa Chemicals & Fibre Corp.

• LG Chem

• Teijin Limited

• Samyang Corporation

• Idemitsu Kosan Corporation Limited

• Centroplast Engineering Plastics GmbH

• Bayer Material Science AG

• Royal DSM

• Asahi Kasei Chemical Corporation

Market Segmentation:

Polycarbonate Market, By Application Type

• • Automotive and Transportation

  • Electricals and Electronics

  • Construction Applications

  • Medical

  • Others

Polycarbonate Market, By Product Type

• • Sheets/Films

  • Fibers

  • Blends

  • Tubes

  • Others

Polycarbonate Market, By Region Type

• • North America 

  • Europe 

  • Asia-Pacific 

  • LAMEA 

Regional Analysis:

The greatest revenue share for the polycarbonate market was in the Asia Pacific in 2021. A significant chunk is attributed to the accessibility of cheap labor and an abundance of raw materials, which entices companies from many industries to locate their production units there in order to reap greater benefits. Urbanization in the Asia Pacific region is anticipated to increase because of the expanding populations of the world's two most populous nations, China and India, which would also increase demand for affordable goods and the polycarbonate market. Over the forecast period, the market share of polycarbonate in the Asia Pacific region is anticipated to increase because of the increased production of lightweight electric vehicles in Asian nations like China and India.

The third-largest revenue share in 2021 was accounted for by the market in North America. With a projected XX% share of worldwide consumption in 2021, the polycarbonate market in North America is expected to grow at the quickest rate. Due to the increased use of polycarbonate sheets as a substitute for glass due to their perfect transparency and durability as well as the remarkable growth of the automotive industry, the North American polycarbonate market is expanding. In the upcoming years, the usage of polycarbonate is anticipated to rise, especially in developing nations like Canada and Mexico.

Scope of the report:

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