According to IMARC Group’s latest report, titled “Polycarbonate Market: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027,” The global polycarbonate market reached a value of US$ 9.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.28 Billion by 2027, exhibiting at a CAGR of 6.02% during 2022-2027.

Polycarbonate is a thermoplastic polymer manufactured by the polymerization or polycondensation of bisphenol A and carbonyl chloride or diphenyl carbonate. It is lightweight, durable, moisture-resistant, a good heat absorber, and amorphous. It is used as a synthetic resin to manufacture safety glass, eye lenses, transparent manifolds, and architectural glazing and semiconductor machinery components. As a result, it finds applications in the automotive, construction, electronics, medical, and packaging industries across the globe.

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Market Trends:

Rapid industrialization, coupled with the growing demand for impact- and shatter-resistant products, represents one of the key factors primarily driving the market. Additionally, the thriving automotive sector is positively influencing the demand for polycarbonates to manufacture headlamp lenses, lighting systems, and interior and exterior components. Apart from this, numerous research and development (R&D) projects, along with technological advancements in sensors, drones, virtual reality (VR) and augmented reality (AR), are anticipated to impel the growth of the market.

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List of Key Companies Covered in this Market Report:

  • 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

The report has segmented the market on the basis of product type, application, imports & exports and geography.

Breakup by Product Type:

  • Sheets and Films
  • Fibers
  • Blends
  • Tubes
  • Others

Breakup by Application:

  • 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

Breakup by Geography:

  • 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

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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