Global Polycarbonate Market Analysis, 2024-2030

Polycarbonate plastic is a lightweight, high-performance plastic that possesses a unique balance of toughness, dimensional stability, optical clarity, high heat resistance and excellent electrical resistance. Polycarbonate is used in a wide variety of common products including digital media, electronic equipment, automobiles, construction glazing, sports safety equipment and medical devices. The durability, shatter-resistance, and heat-resistance of polycarbonate also make it an ideal choice for tableware as well as reusable bottles and food storage containers that can be conveniently used in the refrigerator and microwave.

The report on global polycarbonate market is based on 300 hours of study conducted by the analysts at Market Krystal. As per the report, the North American region is expected to dominate this market with its growing demand for polycarbonate in different applications, especially the consumer goods, electronics, and sheet and films industries. The North American market is estimated to register decent growth in coming years with the allied industries expected to stabilize the overall business need in the respective regions.

The global polycarbonate market was estimated at USD XXXXX.XX million in 2017. The market is expected to register a CAGR of X.XX% to reach the value of USD X.XX billion in 2024. The electrical & electronics segment dominates the global polycarbonate market with an approximate 47% global market share.

High growth in demand from major end-use industries such as automotive, electronics, and consumer goods can be accounted for the immense growth of this industry. Applications for polycarbonate in various flourishing end-use industries such as medical devices, packaging, and construction is fueling the growth of the market. But, volatile raw materials prices are anticipated to limit growth during the forecast period. Some of the key influences in the market are SABIC IP., Trinseo, Teijin, Covestro, Trinseo, and Mitsubishi Engineering-Plastics Corporation, EVONIK INDUSTRIES AG, Formosa and Bayer AG.

Our Approach

The process begins with the identification of the polycarbonate application across different end-use industries, followed by the factors affecting the demand and supply of polycarbonates within each industry. The polycarbonate industry has been segregated based on end-use industry and region. Based on the end-use, the market has been segmented into automotive, building and construction, electrical and electronics, consumer goods, packaging, medical devices, and others. Geographically, market has been split into five major regions—North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Asia-Pacific region tops the charts and China is said to be the largest consumer in the market. North America is expected to be the second-largest market, with the U.S. as the largest country-level market due to a steady rise in the use of polycarbonate materials in reconstruction activities and the automotive and packaging industries. This insights in the report has been collected by conducting interviews with the industry leaders across polycarbonate industry value chain (Fig-1)

Figure 1 Primary research breakdown

Contents of the report:

• Insight on polycarbonate industry across the globe.
• Estimation of the present polycarbonate market size in terms of value and volume in Asia-Pacific
• Market bifurcation of global polycarbonate market based on end-use and geography
• Market size forecast for each segment of the global polycarbonate market.
• Competitive intelligence of top companies operating in the global polycarbonate market.

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