The latest report by IMARC Group, titled “Polycarbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.″ offers a comprehensive analysis of the industry, which comprises insights on the global polycarbonate market share. The market size reached US$ 10.2 Billion in 2022. IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% from 2023–2028.
Polycarbonate (PC) is an amorphous and transparent thermoplastic polymer widely used in safety helmets, bullet-proof glass, car headlamp lenses, baby feeding bottles, eyewear, and medical devices. It possesses high impact strength, dimensional stability, and transmittance and exhibits good chemical and heat resistance properties. As it is lightweight and recyclable, it is gaining immense traction in the building and construction, electronics, automotive, aerospace and defense, and packaging industries across the globe.
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Polycarbonate Market Trends and Drivers:
The growing investments in construction activities and increasing adoption of PC as an alternative to glass in various window and skylight applications currently represent one of the key factors positively influencing the market. Apart from this, PC is used for guard booths, convenience stores, and blast and bullet-resistant glazing applications. Moreover, as PC assists in reducing internal heat and maintaining the highest level of light transmission, it is extensively used on the roofs of sports stadiums to protect the audience from bad weather. Furthermore, PC is used in light-emitting diode (LED) on account of its low flammability and high transparency. This, in confluence with the growing popularity of LEDs due to their high energy efficiency, reliability, and durability, is offering lucrative growth opportunities to key market players operating worldwide.
Report Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Sheets and Films
- Fibers
- Blends
- Tubes
- Others
Application Insights:
- Automotive
- Electrical and Electronics
- Construction, Sports and Recreational
- Optical Media
- Appliances and Housewares
- Packaging
- Medical and Ophthalmic
- Others
Imports and Exports:
- Import Trends
- Import Breakup by Country
- Export Trends
- Export Breakup by Country
Regional Insights:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape With Key Players:
- Chi Mei Corporation
- Covestro AG
- Formosa Chemicals & Fibre Corporation
- Idemitsu Kosan Co. Ltd.
- LG Chem
- Lotte Chemical Corporation
- Mitsubishi Engineering Plastics Corp.
- SABIC
- Teijin Limited
- Trinseo
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