Analysts’ Viewpoint on Polycarbonate Market Scenario
Companies in the polycarbonate market are focusing on essential applications such as for use in building & construction, electronics, and medical implants to keep economies running during the ongoing COVID-19 outbreak. Since polycarbonate sheets are linked to the unprecedented expansion due to heat, manufacturers should increase awareness about technical information such as the degree of expansion of polycarbonate is 0.065 mm per meter per degree Celsius. On the other hand, China has emerged as the leading consumer of polycarbonate materials in Asia Pacific and accounted for nearly 60% share of the market in the region, in terms of volume, in 2020. In addition, the medical device industry in China has been expanding at a considerably high rate for the past five years.
Polycarbonate is virtually present in all end-use industries such as automotive, electronics, and construction, among others. The growing demand for lightweight automotive components is driving the polycarbonate materials. This is evident since lightweight polycarbonate components play an instrumental role in fuel efficiency for passenger vehicles.
The increasing trend of miniaturization in electronics is another driver contributing toward expansion of the polycarbonate market. This trend coupled with rapid growth in the eCommerce industry and online shopping apps is translating into revenue opportunities for polycarbonate manufacturers.
Medical polycarbonates and other plastic-intensive products are acquiring increased importance amidst the ongoing coronavirus pandemic. This stems from an increased demand for polycarbonate syringes and intravenous (IV) components. As such, the revenue of fluid delivery and IV connection components is slated for aggressive growth in the global polycarbonate market.
Innovative products such as one-piece plastic face shields are being introduced for coronavirus medics. Researchers from top universities are increasing efforts to design disposable face shields and urging manufacturers in the polycarbonate market to mass produce the same. This trend is particularly important since the U.K., India, and China’s healthcare facilities are being compromised due to newly reported COVID-19 infections owing to new variants.
Synthetic leather is gaining popularity in the polycarbonate market as manufacturers are diversifying their production into polycarbonate diols. Polycarbonate diols help to make leather soft and tough. The growing fashion and apparel industry has fueled the demand for leather jackets, shoes, and other accessories. However, manufacturers often struggle to find a balance between providing stain resistance to things such as creams and beverages, whilst creating a supple feel & flexibility for leather materials. Such findings are translating into revenue opportunities for manufacturers in the polycarbonate market, since polycarbonate diols are solving this problem.
Polycarbonate diols deliver softness and flexibility in leather finishes & artificial leather coatings. Moreover, polycarbonate diols make polyurethane coatings highly resistant to UV (ultraviolet) rays, heat, chemicals, and water, among others. Such factors help to increase the availability of leather which is more durable.
Even though the polycarbonate market is projected to register a favorable CAGR throughout the assessment period, disadvantages such as sensitivity to scratches and unprecedented expansion of polycarbonate sheets are restricting its widespread application in building & construction projects.
For instance, if a branch should happen to fall on a patio canopy made of polycarbonate, it may result in scratches on the surface of the polycarbonate sheet. Hence, it is suggested that technicians use polishing for polycarbonate sheets, and they should make sure that mounting holes are wide enough to prevent the bolt or screw from sticking as the panel expands. Any glue or sealant used must be flexible. Nevertheless, advantages including robust insulation for greenhouses, lightweight attributes, and easy to process capabilities are compensating for its disadvantages.
Asia Pacific is expected to hold more than 50% revenue share of the polycarbonate market. The burgeoning growth in industrialization due to rapidly expanding economies, such as India and China, coupled with high demand for mobile phones & electronics in the region is driving the market. Since India is one of the largest automotive giants in the world, Asia Pacific offers significant opportunities for manufacturers, as resin requirements from automotive and construction industries have grown.
Rising investments in electric vehicle (EV) charging infrastructure, passenger car production, and public infrastructure is also fueling the demand for polycarbonate materials in India.
Attribute |
Detail |
Market Size Value in 2021 (Base Year) |
US$ 19.6 Bn |
Market Forecast Value in 2031 |
US$ 37.99 Bn |
Growth Rate (CAGR) |
6.2% |
Forecast Period |
2022-2031 |
Quantitative Units |
US$ Bn for Value and Kilo Tons for Volume |
Market Analysis |
It includes cross segment analysis at global as well as regional level. Qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, supply chain analysis, and parent industry overview. |
Competition Landscape |
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Format |
Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon Request |
Pricing |
Available upon Request |
Polycarbonate Market – Segmentation
TMR’s research study assesses the global polycarbonate market in terms of application and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global polycarbonate market.
Application |
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Region |
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1. Preface
1.1. Research Scope & Market Segmentation
1.2. Research Highlights
2. Assumptions & Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Global Polycarbonate Market, Revenue and Volume (US$ Bn) and (Kilo Tons), 2022‒2031
3.2. Global Polycarbonate Market, by Region, (US$ Bn) and (Kilo Tons), 2022‒2031
3.3. Market Snapshot
4. Market Overview
4.1. Application Overview
4.2. Value Chain Analysis
4.3. Value Chain Analysis
4.3.1. List of Key Raw Material Suppliers
4.3.2. List of Key Manufacturers
4.4. Key Industry Developments
4.5. Market Indicators
5. Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Key Opportunities
5.4. Porter’s Five Forces Analysis
5.5. Global Polycarbonate Market SWOT Analysis
6. Global Polycarbonate Market Analysis, by Application Size and Forecast, 2022‒2031
6.1. Key Findings
6.2. Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022–2031
6.2.1. Automotive
6.2.2. Electronics
6.2.3. Construction
6.2.4. Optical Media
6.2.5. Packaging
6.2.6. Others (Including Medical implants, Tableware, etc.)
6.3. Market Attractiveness, by Application
7. Global Polycarbonate Market Analysis and Forecast, by Region, 2022‒2031
7.1. North America
7.2. Latin America
7.3. Europe
7.4. Asia Pacific
7.5. Middle East & Africa
8. Global Polycarbonate Market Attractiveness Analysis, by Region, 2022
9. North America Polycarbonate Market Analysis Size and Forecast, 2022‒2031
9.1. Key Findings
9.2. North America Market Size Analysis and Forecast by Application Analysis (US$ Bn) and (Kilo Tons), 2022‒2031
9.3. U.S. Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
9.4. Canada Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
9.5. Canada Market Size Analysis and Forecast by Application (US$ Bn) and (Kilo Tons), 2022‒2031
9.6. North America Polycarbonate Market Attractiveness Analysis, by Country, 2022
10. Europe Polycarbonate Market Analysis Size and Forecast, 2022‒2031
10.1. Key Findings
10.2. Europe Market Size Analysis and Forecast by Application Analysis (US$ Bn) and (Kilo Tons), 2022‒2031
10.3. Germany Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
10.4. U.K. Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
10.5. France Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
10.6. Italy Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
10.7. Spain Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
10.8. Rest of Europe Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
10.9. Europe Polycarbonate Market Attractiveness Analysis, by Country & Sub-region, 2022
11. Asia Pacific Polycarbonate Market Analysis Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
11.1. Key Findings
11.2. Asia Pacific Market Size Analysis and Forecast by Application Analysis (US$ Bn) and (Kilo Tons), 2022‒2031
11.3. China Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
11.4. India Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
11.5. Japan Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
11.6. ASEAN Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
11.7. Rest of Asia Pacific Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
11.8. Asia Pacific Polycarbonate Market Attractiveness Analysis, by Country & Sub-region, 2022
12. Latin America Polycarbonate Market Analysis Size and Forecast, 2022‒2031
12.1. Key Findings
12.2. Latin America Market Size Analysis and Forecast by Application Analysis (US$ Bn) and (Kilo Tons), 2022‒2031
12.3. Latin America Polycarbonate Market Attractiveness Analysis, by Country & Sub-region, 2022
12.4. Brazil Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
12.5. Mexico Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
12.6. Rest of Latin America Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
12.7. Latin America Polycarbonate Market Attractiveness Analysis, by Country & Sub-region, 2022‒2031
13. Middle East & Africa Polycarbonate Market Analysis Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
13.1. Key Findings
13.2. Middle East & Africa Market Size Analysis and Forecast by Application Analysis (US$ Bn) and (Kilo Tons), 2022‒2031
13.3. GCC Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
13.4. South Africa Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
13.5. Rest of Middle East & Africa Polycarbonate Market Size and Forecast (US$ Bn) and (Kilo Tons), 2022‒2031
13.6. Middle East & Africa Polycarbonate Market Attractiveness Analysis, by Country & Sub-region, 2022
14. Competitive Landscape
14.1. Competition Matrix
14.2. Polycarbonate Market Share Analysis, by Company (2022)
14.3. Application Mapping
14.4. Company Profiles
14.4.1. SABIC Innovative Plastics
14.4.1.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.1.2. Business Overview
14.4.1.3. Application/Services, Key End-user Industries
14.4.1.4. Financial Overview
14.4.1.5. Business Strategy
14.4.1.6. Recent Developments
14.4.2. Teijin Limited
14.4.2.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.2.2. Business Overview
14.4.2.3. Application/Services, Key End-user Industries
14.4.2.4. Business Strategy
14.4.3. Chi Mei Corporation
14.4.3.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.3.2. Business Overview
14.4.3.3. Application/Services, Key End-user Industries
14.4.3.4. Business Strategy
14.4.4. Idemitsu Kosan Co., Ltd
14.4.4.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.4.2. Business Overview
14.4.4.3. Application/Services, Key End-user Industries
14.4.4.4. Business Strategy
14.4.4.5. Recent Developments
14.4.5. Mitsubishi Engineering-Plastics Corporation
14.4.5.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.5.2. Business Overview
14.4.5.3. Application/Services, Key End-user Industries
14.4.5.4. Business Strategy
14.4.5.5. Recent Developments
14.4.6. Trinseo (Styron)
14.4.6.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.6.2. Business Overview
14.4.6.3. Application/Services, Key End-user Industries
14.4.7. Centroplast Engineering Plastics GmbH
14.4.7.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.7.2. Business Overview
14.4.7.3. Application/Services, Key End-user Industries
14.4.8. Bayer MaterialScience AG
14.4.8.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.8.2. Business Overview
14.4.8.3. Application/Services, Key End-user Industries
14.4.9. Royal DSM
14.4.9.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.9.2. Business Overview
14.4.9.3. Application/Services, Key End-user Industries
14.4.10. Asahi Kasei Chemical Corporation
14.4.10.1. Company Details (HQ, Foundation Year, Revenue, Employee Strength)
14.4.10.2. Business Overview
14.4.10.3. Application/Services, Key End-user Industries
List of Tables
Table 01: Global Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 02: Global Polycarbonate e Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Region, 2022‒2031
Table 03: North America Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 04: North America Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country, 2022‒2031
Table 05: U.S. Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 06: Canada Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 07: Europe Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 08: Europe Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country & Sub-region, 2022‒2031
Table 09: Germany Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 10: U.K. Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 11: France Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 12: Spain Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 13: Italy Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 14: Rest of Europe Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 15: Asia Pacific Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 16: Asia Pacific Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country & Sub-region, 2022‒2031
Table 17: China Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 18: India Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 19: Japan Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 20: ASEAN Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 21: Rest of Asia Pacific Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 22: Latin America Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 23: Latin America Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country, 2022‒2031
Table 24: Middle East & Africa Polycarbonate ide Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 25: Middle East & Africa Polycarbonate Market Volume
Table 26: Middle East & Africa Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Country & Sub-region, 2022‒2031
Table 27: GCC Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 28: South Africa Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
Table 29: Rest of Middle East & Africa Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) Forecast, by Application, 2022‒2031
List of Figures
Figure 01: Global Polycarbonate Market Share, by Region, 2022–2031
Figure 02: Global Polycarbonate Market Value Share Analysis, by Application, 2022–2031
Figure 03: Global Polycarbonate Market Attractiveness Analysis, by Application
Figure 04: Global Polycarbonate Market Value Share Analysis By Region Application, 2022 and 2031
Figure 05: Global Polycarbonate Market Attractiveness Analysis, by Region, 2022
Figure 06: North America Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn), 2022–2031
Figure 07: North America Polycarbonate Market Attractiveness Analysis, by Country
Figure 08: North America Polycarbonate Market Value Share Analysis, by Application, 2022–2031
Figure 09: North America Polycarbonate Market Value Share Analysis, by Country, 2022 and 2031
Figure 10: Europe Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn), 2022–2031
Figure 11: Europe Polycarbonate Market Attractiveness Analysis, by Country & Sub-Region
Figure 12: Europe Polycarbonate Market Value Share Analysis, by Application, 2022–2031
Figure 13: Europe Polycarbonate Market Value Share Analysis, by Country & Sub-Region, 2022–2031
Figure 14: Asia Pacific Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) , 2022–2031
Figure 15: Asia Pacific Polycarbonate Market Attractiveness Analysis, by Country & Sub-Region
Figure 16: Asia Pacific Polycarbonate Market Value Share Analysis, by Application, 2022–2031
Figure 17: Asia Pacific Polycarbonate Market Value Share Analysis, by Country & Sub-Region, 2022–2031
Figure 18: Latin America Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) , 2022–2031
Figure 19: Latin America Polycarbonate Market Attractiveness Analysis, by Country & Sub-region
Figure 20: Latin America Polycarbonate Market Value Share Analysis, by Application, 2022–2031
Figure 21: Latin America Polycarbonate Market Value Share Analysis, by Country & Sub-Region, 2022–2031
Figure 22: Middle East & Africa Polycarbonate Market Volume (Kilo Tons) and Value (US$ Bn) , 2022–2031
Figure 23: Middle East & Africa Polycarbonate Market Attractiveness Analysis, by Country & Sub-Region
Figure 24: Middle East & Africa Polycarbonate Market Value Share Analysis, by Application, 2022–2031
Figure 25: Middle East & Africa Polycarbonate Market Value Share Analysis, by Country & Sub-Region, 2022–2031
Figure 26: Middle East & Africa Polycarbonate Market Value Share Analysis, by Country & Sub-Region, 2022–2031