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Report Overview
The global polycarbonate market size reached a volume of 5.08 MMT in 2024. The demand for the product is expected to grow at a CAGR of 3.30% in the forecast period of 2025-2034. By 2034, the polycarbonate market demand is estimated to reach a volume of 7.03 MMT.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- Polycarbonate, renowned for its lightweight nature and high thermal insulation properties, is gaining popularity as a construction material for applications such as facades, roofings, and windows. In 2024, the construction sector in the US was valued at nearly USD 2.1 trillion. As the expansion of the construction industry boosts advancements in construction methods and smart buildings, the use of polycarbonate materials in light-transmitting walls, transparent insulation, and energy-efficient designs is rising.
- There is a growing emphasis on enhancing the sustainability of the building and construction sector as it is one of the largest emitters of greenhouse gases and accounts for 37% of global emissions. Polycarbonate, due to its properties such as UV resistance, thermal insulation, and durability, is increasingly used in eco-friendly building projects. In the forecast period, the introduction of stringent building codes and regulations by governments globally to reduce greenhouse gas emissions is anticipated to provide lucrative polycarbonate market opportunities.
- Polycarbonate is an essential material in the production of consumer electronics such as laptops, televisions, smartphones, and tablets, among others, due to its properties such as thermal stability, impact resistance, and optical clarity. Hence, the expansion of electronic manufacturing globally is surging the consumption of polycarbonate. For instance, the value of electronics production in India stood at USD 101 billion in FY 2023. Moreover, the robust growth of the electronics industry is expected to bolster the demand for customised polycarbonate solutions with properties such as flame and scratch resistance.
Polycarbonate Market Analysis
The growing demand from the automobiles industry is driving the polycarbonate market growth across the globe. The polycarbonate market 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 polycarbonate market growth. 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.
Polycarbonate Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a volume of 5.08 MMT.
The market is projected to grow at a CAGR of 3.30% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a volume of 7.03 MMT by 2034.
The major drivers of the market are rising disposable incomes, increasing population, increasing demand for consumer goods, and growth of end-use industries.
The key trends guiding the growth of the global polycarbonate market includes the introduction of new and advanced technologies and rapid growth of economies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Electrical and electronics, automotive, construction, optical media, packaging, consumer, and medical are the leading applications of polycarbonate in the market.
The major players in the market are Covestro AG, SABIC, Teijin Limited, Mitsubishi Chemical Corporation, Formosa Chemicals & Fibre Corporation, and Trinseo S.A., among others.
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