Polycarbonate Market By Product Type (Sheets and Films, Fibers, Blends, Tubes, and Other Product Types), By End- User Industry (Automotive and Transportation, Electrical and Electronics, Construction, Medical, and Others), and By Region - Trends, Analysis and Forecast till 2030

Polycarbonates market accounted for USD 4953.56 Billion in 2020 and is estimated to be USD 7643.71 Billion by 2030 and is anticipated to register a CAGR of 4.5%.

Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate groups in their chemical structures. Polycarbonates used in engineering because it is strong, tough materials, and some grades are optically transparent. They are easily molded, transformed and easy to work on it. Polycarbonate is a durable material, high impact- resistance and low scratch-resistance.

Factor for the Growth of the Global Market

The rising demand for the construction industry is the major propelling factor for the growth of the global market. For instance, are per the European Construction Industry Federation (FIEC), the construction sector in Europe region is anticipated to witness an overall turnover growth of 4% in 2018. Additionally, the increasing demand for polycarbonates from the automotive industry is another driving factor for the target market. Moreover, the rapid growth in the electronics industries is fueling factor for the growth of the global market. Furthermore, the rise in popularity of the polycarbonates against conventional materials is the boosting factor for the growth of the global market. However, the volatility in the raw material prices may act as a restraining factor for the growth of the target market.

Polycarbonate market is segmented based on product type, end-user industry, and region.

Based on product type, the global market is classified into sheets and films, fibers, blends, tubes, and other product types. Based on end-user industry, the target market is bifurcated into automotive and transportation, electrical and electronics, construction, medical, and others.

Regional Insights:

Polycarbonates market accounted for US$ 4953.56 Billion in 2020 and is estimated to be US$ 7643.71 Billion by 2030 and is anticipated to register a CAGR of 4.5%. Based on the region the polycarbonate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is expecting to dominate the global market over the forecast period due to the more developing countries are in this region, therefore, the building new infrastructure the polycarbonate is used widely. The North America region is anticipated to show significant growth during the forecast periods due to the largest market of the automotive present in the North America region

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Polycarbonates market report based on product type, end-user industry, and region.

Polycarbonates Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the polycarbonate market involves Chi Mei Corp., Covestro AG, Formosa Plastics, Idemitsu Kosan, LG Chem Ltd., Lotte Chemical Corporation, Mitsubishi Engineering Plastics Corporation (Mitsubishi Chemical Corporation), Saudi Basic Industries Corp. (SABIC), Samyang, and Teijin Limited. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in 2018, Chi Mei Corp. development of polycarbonate products PC-540A and PC 6600/6710 for information and communications technology.

• Chi Mei Corp.
• Covestro AG
• Formosa Plastics
• Idemitsu Kosan
• LG Chem Ltd.
• Lotte Chemical Corporation
• Mitsubishi Engineering Plastics Corporation (Mitsubishi Chemical Corporation)
• Saudi Basic Industries Corp. (SABIC)
• Samyang
• Teijin Limited