The report on the Polycarbonate Market is segmented By Application Type (Transportation, Electrical & Electronics, Construction, Packaging, Consumer Goods, Optical Media, Medical Devices, and Others) and by Region (North America, Europe, Asia-Pacific, and the Rest of the World), It also covers the COVID-19 Impact Analysis and Forecast to 2028. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2028.

Market Insights

The polycarbonate market was estimated at USD 21.72 billion in 2021 and is likely to grow at a CAGR of 5.59% during 2022-2028 to reach USD 31.91 billion in 2028.

Key players

Some of the major players operating in the Polycarbonate Market are-

  • SABIC
  • Bayer Materialscience Ag
  • Teijin Ltd.
  • Mitsubishi Engineering-Plastics Corporation
  • Chi Mei Corporation
  • Formosa Chemicals & Fiber Corporation
  • LG Chem Ltd.
  • Samsung Sdi Co., Ltd.
  • Thai Polycarbonate Co. Ltd.
  • Trinseo LLC

Report Features

The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –

  • Market structure - as it reflects the value chain of different commodities in the market.
  • Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.
  • Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
  • Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.
  • Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.

Polycarbonate covid impact

Polycarbonate, a sizeable market, also was unable to escape the pandemic and witnessed a decline in sales in 2020 amid the pandemic. However, due to demand from various end-use industries, the market started to rebound from the year 2021. The polycarbonate market is likely to see healthy growth in the forecast period.

What is polycarbonate?

Polycarbonates can be defined as a group of thermoplastic polymers that contain carbonate groups in their chemical structures. Such materials are strong and some grades are even optically transparent. The utility of polycarbonate is endless that includes transportation, electrical & electronics, construction, and packaging to name a few.

Segment Analysis

Based on the application type, the market is segmented as transportation, electrical & electronics, construction, packaging, consumer goods, optical media, medical devices, and others. The transportation segment accounted for the largest share in 2021 and is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the rising demand for polycarbonate in headlamp lenses, lighting systems, exterior parts, and interior components of automobiles.

In terms of regions, Asia-Pacific is expected to be the largest market for polycarbonates during the forecast period. The Asia-Pacific market is expected to expand with a lucrative CAGR due to the establishment of automotive manufacturing plants in the region by various American and European automobile giants coupled with a growing population and investment in infrastructure and construction projects in the region.

Critical Questions Answered in the Report

  • What are the key trends in the Polycarbonate Market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
  • What is the impact of COVID-19 on Polycarbonate Market?
  • What are the key strategies adopted by the major vendors to lead in the Polycarbonate Market?
  • What is the market share of the top vendors?

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