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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Polycarbonate refers to a group of thermoplastic polymers that are light weight, durable and amorphous in nature. It is synthesized by the polymerization or polycondensation of bisphenol A and phosgene and tends to gradually soften from solid to liquid when exposed to heat. It is a synthetic resin that is used in the manufacturing of safety glass, eye lenses and architectural glazing, semiconductor machinery components and transparent manifolds. It exhibits advantageous properties, such as optical transparency, oxidative and thermal stability and resistance to moisture, chemicals, heat and electricity. Owing to this, it finds extensive applications across various industries, including automotive, transportation, electrical, electronics, construction, packaging, consumer goods and medical.

Rapid industrialization across the globe, along with the growing demand for light weight and impact- and shatter-resistant products, is one of the key factors driving the growth of the market. Polycarbonate resins are mixed with other polymers, such as Polybutylene Terephthalate (PBT) and Acrylonitrile Butadiene Styrene (ABS) resins, to manufacture lighting systems, headlamp lenses and exterior and interior components. Furthermore, widespread adoption of hollow polycarbonates for manufacturing thermally insulated consumer electronic devices, such as smartphones, computers, chargers and battery boxes, is also providing a boost to the market growth. Additionally, various technological advancements, such as the development of augmented reality (AR) and virtual reality (VR)-based devices, sensors and drones, that are manufactured using polycarbonates, are acting as another growth-inducing factor. Other factors, widespread utilization of polycarbonate in the agriculture industry to manufacture ultraviolet (UV)-resistant roof panels and sheets in agricultural outbuildings, along with extensive research and development (R&D) activities to develop high-performance plastics, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polycarbonate market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and application.

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 Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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 and Trinseo, etc. Key Questions Answered in This Report
1. What is the expected growth rate of the global polycarbonate market?
2. What has been the impact of COVID-19 on the global polycarbonate market?
3. What are the key factors driving the global polycarbonate market?
4. What is the breakup of the global polycarbonate market based on the application?
5. What are the key regions in the global polycarbonate market?
6. Who are the key players/companies in the global polycarbonate market?