Polycarbonate Market Key Players: Covestro, SABIC, Lotte Chem, And Teijin Industries

 Polycarbonate Industry Overview

The global polycarbonate market size was valued at USD 21.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. The resin finds applications across a wide range of industries, including automotive & transportation, construction, packaging, consumer goods, and medical devices. In the recent past, the industry has experienced tremendous demand from automotive manufacturers as a result of regulations favoring vehicular weight reduction and plastics usage.

Polycarbonate resins are highly blended with other polymers such as ABS and polyester to be used in the fabrication of automotive components. Greater processability of PC resins by means of injection molding, foam molding, extrusion, and vacuum forming has enabled end-users to explore further options for the resin’s usage. Niche application areas such as safety equipment and industrial machinery are likely to gain demand in the future.

Gather more insights about the market drivers, restrains and growth of the Global Polycarbonate market

 

Regulations play a vital role in shaping industry dynamics and application trends. Regulations aimed at plastic waste and its disposal have led to a greater emphasis on recycling practices. This trend is expected to play a significant role in enhancing polycarbonate’s role as a substitute plastic since the resin is completely recyclable in nature.

With the rising crisis of the novel coronavirus, consumer buying behavior is shifting toward essential products such as food, medicine, and healthcare products. Reducing discretionary spending and weak consumer sentiment owing to COVID-19 are affecting the demand for consumer goods. This, in turn, is further anticipated to impact the demand for polycarbonate in consumer goods applications.

The packaging application segment is expected to provide the highest growth opportunities for polycarbonate compounding, as the product’s steam and dry heat stability has been vital in replacing other thermosets and glass materials. Automotive is one of the major application markets for plastics, which is anticipated to provide growth opportunities for polycarbonate compounds. As a substitute for glass, PC compounds are laminated to produce bullet-proof windows and are conventionally used in headlamps. 


Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • Pharmaceutical Glass Packaging Market - The global pharmaceutical glass packaging market size was estimated at USD 18.27 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2023 to 2030. Extensive utilization of generic injectable drugs, coupled with high demand from the pharmaceutical industry, is anticipated to drive market growth during the forecast period.

  • Plastic Dielectric Films Market - The global plastic dielectric films market size was estimated at USD 1.28 billion in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 4.5% over the forecast period. The increasing demand for electronic goods and the growing food packaging industry are driving the industry.

Polycarbonate Market Segmentation

Grand View Research has segmented the global polycarbonate market on the basis of application and region:

Polycarbonate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Automotive & Transportation
  • Electrical & Electronics
  • Construction
  • Packaging
  • Consumer Goods
  • Optical Media
  • Medical Devices
  • Others

Polycarbonate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some of the prominent players in the global polycarbonate market include:

  • Covestro
  • SABIC
  • Lotte Chem
  • Teijin Industries
  • Mitsubishi Engineering Plastics Corp.
  • Trinseo
  • Idemitsu Kosan Co. Ltd.
  • Lone Star Chemical
  • Chi Mei Corporation
  • Entec Polymers
  • RTP Company
  • LG Chem


Order a free sample PDF of the Polycarbonate Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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