Global Polycarbonate Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

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The Asia Pacific is the major supply market, accounting for around 60% of the market share. China’s recent capacity addition is likely to reduce Asia’s polycarbonate import reliance in the coming years. With the growing demand in the region, the capacity is also witnessing an expansion, along with the utilization of the plants to their full potential. The growing electronics industry is majorly driving the demand in the region. There is no cheaper alternative to polycarbonate available in the region, which is propelling the market growth for polycarbonate further. Covestro AG, one of the key players, began to build its new production line for manufacturing polycarbonate films in Thailand in 2018. The production line is expected to expand the capacity for films, thus, expanding the region’s supply to meet the rapidly growing demand.

The Asia Pacific region is followed by Europe and North America as the other major regional markets for polycarbonate. In both Europe and North America, the demand for polycarbonate is being driven by the growth of the automotive and construction industries. In North America, the rising demand for industrial-grade polycarbonate is driving the consumption of the product, which is used in the automotive and electronics sectors. While the region is a net exporter of the substance, North America also imported from South Korea due to domestic supply constraints

In Europe, construction is the leading application sector for polycarbonate, with roofing, windows, and partition walls accounting for over three-fourths of its applications in the construction industry. The medical industry is also contributing to the demand in Europe. The region is a net importer of the product, and the market is supported by the capacity expansions taking place within the Asia Pacific region. South Korea is a leading exporter of polycarbonates to the region. The supply in Europe is also expected to improve in the coming years with planned capacity additions.

Properties and Applications

Polycarbonate, also known as bisphenol A polycarbonate, is a transparent plastic used to make shatter-resistant frames and light eyeglass lenses, among other products. Polycarbonates (PCs) refer to a category of carbonate, containing thermoplastic polymers in its chemical structures. Polycarbonates applied in engineering are solid, hard materials, and some grades are optically transparent. These are easily moulded and thermoformed. These properties help them find extensive applications in a wide variety of industries.

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They find their applications in the following segments:

• Electrical and Electronics
• Automotive
• Construction
• Optical Media
• Packaging
• Consumer
• Medical

The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Polycarbonate Industry Analysis

The growing demand from the automobiles industry is driving the polycarbonate market growth across the globe. The polycarbonate industry growth is also aided by the growing economies and the rising disposable of consumers, especially in emerging economies like India, China, and others. Moreover, the increasing demand for consumer goods is also providing a push to polycarbonate market growth.

Blends of polycarbonate with different polymers, namely, ABS, thermoformed PC films, and polyester, are witnessing a rising demand across industrial sectors. The growing demand for these blends is providing an impetus to the polycarbonate market growth. The industrial-grade polycarbonates are also being increasingly demanded by the consumers, thus, aiding the overall growth of the polycarbonate market. Polycarbonates are being used in the medical industry for making appliances like a surgical instrument, as well as other substitutes used in surgeries. Other new and advanced technologies in the industry, like sensors, service robots, and LED luminaires, are pushing the polycarbonate market growth further.

The growing demand in North America is due to the growth of the end-use industries like the automobiles sector. Polycarbonate is used in automobiles due to its lightweight feature, as well as high impact resistance. In Europe, the polycarbonate market is significantly driven by the growing household industry. The region is also witnessing an increasing demand from the electronics industries.

Competitive Landscape

December 2018- Covestro AG (OTCMKTS: COVTY) started the building of its new polycarbonate films manufacturing line at its Map Ta Phut Industrial Estate in Thailand.

The report gives a detailed analysis of the following key players in the global polycarbonate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Covestro AG (OTCMKTS: COVTY)
• SABIC 
• Teijin Limited
• Trinseo S.A. 
• Mitsubishi Chemical Corporation 
• Formosa Plastics Corporation 
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.

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