New York, United States, Jan. 25, 2023 (GLOBE NEWSWIRE) -- According to a research report published by Spherical Insights & Consulting, the Global Polycarbonate Market Size to grow from USD 21.8 billion in 2021 to USD 35.90 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period. The polycarbonate market has grown due to the increasing demand for sustainable polymers with excellent impact and temperature resistance properties in various industries like medical device, packaging, automotive etc.
Key Insights
- The global polycarbonate market was valued at USD 21.8 billion in 2021.
- The market is growing at a CAGR of 5.7% from 2022 to 2030
- The global polycarbonate market is expected to reach USD 35.90 billion by 2030
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Browse 78 market data Tables and 69 Figures spread through 279 Pages and in-depth TOC on “Global Polycarbonate Market Size, Share, and COVID-19 Impact Analysis, By Type (Foil, Strips, Sheets, Film, Plates, Tubes, Fibers and Others), By Processing Technology (Molding and Extrusion), By End User (Construction, Medical Devices, Electronics and Electrical, Optical Media, Packaging, Automotive and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.” View a detailed Table of Content here – https://www.sphericalinsights.com/table-of-contents/polycarbonate-market
The sheets segment to account for the largest market size during the forecast period
Based on type, the polycarbonate market is categorized into foil, strips, sheets, film, plates, tubes, fibres and others. The sheets segment accounts for the largest market size during the forecast period. The increased demand for polycarbonate sheets is due to their numerous advantages, like lightweight, durability, crack resistance etc. Polycarbonate sheets have replaced glass and acrylic in various applications, which accounts for the largest share in the growth of the polycarbonate market.
The extrusion segment to hold a higher CAGR during the forecast period
Based on the processing technology, the polycarbonate market is categorized into moulding and extrusion. The extrusion segment to hold a higher CAGR during the forecast period. The demand for extruded polycarbonates is increasing in the electronics and electrical industry due to of their temperature and impact resistance properties. Its outstanding light transmission property makes it a good fit for various light applications.
The construction segment to hold a higher CAGR during the forecast period.
Based on the end user, the polycarbonate industry is categorized into construction, medical devices, electronics and electrical, optical media, packaging, automotive and others. The construction segment to hold a higher CAGR during the forecast period. The demand for polycarbonate sheets is rising in the construction segment because of the physical properties of the sheet. Polycarbonate sheets are lightweight, can be used easily in the construction processes, highly ductile and have great strength which results in the increased demand of polycarbonate in the construction segment.
Report Scope
| Report Metric | Details |
| Market Size 2030 | USD 35.90 Billion |
| CAGR | 5.7 % (2020-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Segments Covered | By Type, By Processing Technology, By End User |
| Report Coverage | Drivers, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, the Middle East, Africa and Rest of the World |
| Key Companies Profiled/Vendors | LG Chem, Lone Star Chemical, Entec Polymers, Chi Mei Corporation, Mitsubishi Engineering Plastics Corp., SAMYANG CORPORATION, Teijin Limited, Bayer Material Science AG, Royal DSM, Asahi Kasei Chemical Corporation, |
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Asia Pacific to hold a higher CAGR during the forecast period.
The Global Polycarbonate Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. North America is estimated to account for the highest market share in 2022. North America is expected to be the largest market. The expansion in the electronics and electrical, and construction segment accounts for the largest part in the growth of the polycarbonate market, which will keep on increasing in future also.
Market Segment
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global polycarbonate market based on the below-mentioned segments:
Global Polycarbonate Market, By Type
- Foil
- Strips
- Sheets
- Film
- Plates
- Tubes
- Fibers
- Others
Global Polycarbonate Market, By Processing Technology
- Molding
- Extrusion
Global Polycarbonate Market, By End User
- Construction
- Medical Devices
- Electronics and Electrical
- Optical Media
- Packaging
- Automotive
- Others
Regions Covered
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
List of Key Market Players:
- L G Chem
- Lone Star Chemical
- Entec Polymers
- Chi Mei Corporation
- Mitsubishi Engineering Plastics Corp.
- SAMYANG CORPORATION
- Teijin Limited
- Bayer Material Science AG
- Royal DSM
- Asahi Kasei Chemical Corporation
- Excelite
- Arla Plast AB
- Suzhou Omay Optical Materials Co., Ltd.
- Other
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Market News
- In July 2019, A large-scale petrochemical business will be developed between Lotte Chemical and GS Energy for about KRW 800 billion. The deal was intended to maintain a steady supply of polycarbonate materials and to grow the business of C4 oil.
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FAQs are covered of Polycarbonate Market
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