Global Polycarbonate Market Data 2024, Forecast To 2033
8 Mar, 2024
The polycarbonate market has experienced strong growth, from $22.82 billion in 2023 to $24.22 billion in 2024, with a CAGR of 6.2%. This growth is attributed to factors such as demand in the automotive and consumer electronics industries. Expected growth to $30.16 billion by 2028, with a CAGR of 5.6%, is driven by factors like sustainable and bio-based polycarbonates and the expansion of electronics markets. Major trends include advancements in processing technologies and smart building integration.
Global Polycarbonate Market Key Driver
The polycarbonate market is expected to grow with the rising demand for electric vehicles. As electric car sales surge, polycarbonate is favored for its lightweight and durability in vehicle construction. The International Energy Agency reports a significant increase in electric car sales, indicating a growing market for polycarbonate in the automotive sector.
Get A Free Sample Of The Global Polycarbonate Market ReportGlobal Polycarbonate Market Segments
The polycarbonate market covered in this report is segmented –
1) Type:Foil, Strips, Sheets, Film, Plates, Tubes, Fibers, Other Types
2) Processing Technology:Injection Molding, Extrusion
3) Grade:General Purpose Grade, Flame Retardant Grade, PC Alloyed Grade, Medical Grade, Food Grade, Other Grades
4) Application:Transportation, Electrical And Electronics, Construction, Packaging, Consumer Goods, Optical Media, Medical Devices, Other Applications
By Geography: The countries covered in the polycarbonate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Polycarbonate Industry Players
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.
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Polycarbonate Market Overview
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.