Polycarbonate Market

Polycarbonate Market Size, Share & Trends Analysis Report

Polycarbonate Market Size, Share & Trend Analysis 2029

Report ID : AIMR 440
Number of pages : 200
Published Date : Mar 2023
Category : Materials
Delivery Timeline : 48 hrs

Global Polycarbonate Market is valued at USD 26.84 Billion in 2022 and it is expected to reach USD 39.14 Billion by 2029 with a CAGR of 5.54% over the forecast period.

Global Polycarbonate Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2022-2028: The market will expand due to the growing demand for lightweight and durable materials, growing awareness of the environmental benefits of polycarbonate, and the advancements in polycarbonate technology.

Scope of Global Polycarbonate Market Report-

Polycarbonate is a thermoplastic polymer that is widely used in various applications due to its unique properties such as high impact resistance, transparency, and excellent thermal stability. Polycarbonate was first discovered in 1898 by a German chemist, Alfred Einhorn, but it wasn't until the 1950s that the material was commercialized by the Bayer company. The first applications of polycarbonate were in the automotive industry, where it was used for window glazing and safety helmets. Since then, polycarbonate has found its way into a wide range of applications, including electronics, construction, packaging, and medical devices.

COVID-19 Impact on the Polycarbonate market:

The COVID-19 pandemic made it more important to implement technologies, such as cloud services, AI, customer relationship management systems, and many others. Businesses have built cloud-based solutions that are provided as a service, including project administration, visual conferences, and several communication methods. During the outbreak, the CCaaS business choice helped businesses to grow more productively and improve customer satisfaction. As a consequence, COVID-19 has increased the market's need for contact centers as a service (CCaaS).

Key Players of Global Polycarbonate Market Report-

Some major key players for the global Polycarbonate market report cover prominent players like.

  • Bayer AG
  • Mitsubishi Chemical Corporation
  • Covestro AG
  • Teijin Limited
  • Chi Mei Corporation
  • LG Chem
  • Trinseo
  • Sumitomo Chemical Co.
  • Idemitsu Kosan Co.
  • Asahi Kasei Corporation
  • Styrolution Group GmbH
  • LOTTE Chemical Corporation
  • Samsung SDI Chemical
  • DSM Engineering Plastics
  • RadiciGroup
  • Arkema Group
  • Kingfa Science & Technology Co.
  • INEOS Styrolution Group GmbH
  • Evonik Industries AG
  • Mitsubishi Gas Chemical Company
  • Formosa Chemicals & Fibre Corporation
  • RTP Company
  • Chang Chun Petrochemical Co.
  • Jiangsu Tianniao High-Tech Material Co.
  • Shanghai PRET Composites Co.
  • Polyplastics Co.
  • Zhejiang Zhongfu Industrial Limited
  • A. Schulman Inc.
  • Elix Polymers
  • Ensinger GmbH
  • Arla Plast AB
  • Ensinger GmbH
  • Gharda Chemicals Limited
  • Zhejiang Nirun Chemical Co.
  • Shanghai Kumho Sunny Plastics Co.

Global Polycarbonate Market Segmentation: -

By Product:

  • Polycarbonate Resins
  • Polycarbonate Sheets
  • Polycarbonate Films
  • Polycarbonate Tubes
  • Polycarbonate Blends
  • Others

By Manufacturing Process:

  • Bisphenol-A (BPA) Method
  • Non-BPA Method
  • Others

By Application:

  • Automotive Windows
  • Signages
  • Roofing
  • Electrical Components
  • Lenses

By End-User:

  • Automotive
  • Electronics and Electrical
  • Building and Construction
  • Aerospace and Defense
  • Packaging
  • Medical Devices
  • Others

By Regional & Country Level:

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • France
    • Germany
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Revenue Generation Model:

The revenue generation model in the polycarbonate market is primarily based on the production and sale of polycarbonate resin and polycarbonate-based products to end-users. The market players generate revenue by manufacturing and selling polycarbonate products to various industries.

Supply Chain Model:

The supply chain model in the polycarbonate market involves the production of polycarbonate resin by chemical companies, which is then sold to manufacturers of polycarbonate products. These manufacturers then produce polycarbonate-based products and sell them to end users.

Value Chain Model:

The value chain model in the polycarbonate market includes various activities such as research and development, manufacturing, marketing, and distribution. The market players add value to the polycarbonate products through these activities, which ultimately leads to the creation of value for the end-users.

Market Drivers:

Growing demand for lightweight and durable materials: The demand for lightweight and durable materials is being driven by several factors. In the automotive industry, lightweight materials help to improve fuel efficiency and reduce emissions. In the packaging industry, lightweight materials are more cost-effective and environmentally friendly, as they require less energy and resources to produce and transport. Additionally, lightweight and durable materials offer better resistance to impact and weathering, reducing the need for frequent maintenance and replacement.

For example, the U.S. Department of Energy, reducing the weight of vehicles by just 10% can improve fuel economy by 6-8%. And according to the Air Transport Action Group, the use of lightweight materials in aircraft interiors and structures can reduce fuel consumption by up to 5%.

Growing awareness of the environmental benefits of polycarbonate: The growing awareness of the environmental benefits of polycarbonate is being driven by several factors. Polycarbonate is a lightweight and durable material that can be recycled, reducing waste and the need for virgin materials. Polycarbonate has a lower carbon footprint than glass and metal. According to a life cycle assessment (LCA) study conducted by Covestro, the production of polycarbonate emits up to 50% less CO2 than glass and up to 80% less CO2 than aluminum.

Additionally, polycarbonate is less energy-intensive to produce than other materials such as glass and metal, reducing the carbon footprint of manufacturing processes. Polycarbonate is also shatter-resistant and safer to use than glass, reducing the risk of injury and the need for frequent replacements.

Market Restraints:

Fluctuating prices of raw materials: One of the major restraints for the polycarbonate market is the fluctuating prices of raw materials used in polycarbonate production. The primary raw material used in polycarbonate production is bisphenol A (BPA), which is derived from crude oil. According to the International Energy Agency (IEA), crude oil production reached a record high of 100.3 million barrels per day (b/d) in 2019. And the global production of BPA was estimated at 7.5 million metric tons in 2020.

As a result, the price of polycarbonate is highly sensitive to fluctuations in crude oil prices. In addition, there have been concerns over the safety and environmental impact of BPA, leading to increased scrutiny and regulation of the chemical.

Volatility in the supply of polycarbonate: Another major restraint for the polycarbonate market is the volatility in supply due to geopolitical issues and natural disasters. Polycarbonate production is concentrated in a few regions, and any disruptions in these regions can impact global supply.

For example, in 2020, the COVID-19 pandemic caused disruptions in global supply chains and manufacturing operations, which impacted the supply and demand for many materials, including polycarbonate. The Asia-Pacific region is the largest consumer of polycarbonate, accounting for over 50% of global consumption in 2020.

Opportunity Factors for Polycarbonate Market:

Growing demand for sustainable and eco-friendly materials in various applications. Increasing use of polycarbonate in emerging industries, such as 3D printing. And the advancements in polycarbonate technology, including the development of flame-retardant polycarbonate and electrically conductive polycarbonate.

Market Trend:

Product and Technology Development: The development of new polycarbonate products, including biodegradable polycarbonates, flame-retardant polycarbonates, and electrically conductive polycarbonates, is a significant trend in the market.

Customer Trends: Customers are increasingly demanding sustainable and eco-friendly polycarbonate products, as well as products with enhanced durability and lightweight properties.

Market Competition Nature:

The competition in the polycarbonate market is intense, with numerous players competing for market share. Key market players are implementing various strategies to gain a competitive advantage, including mergers and acquisitions, product innovation, and expansion into new markets.

Past/Future Strategies to be Built by Key Market Players:

Mergers and Acquisitions: Key market players have been acquiring other companies to expand their product offerings and increase their market share. For example, Covestro acquired the polycarbonate sheet business of DSM in 2021 to expand its portfolio of high-performance plastics.

Product Innovation: Key market players are investing in research and development to develop new and innovative polycarbonate products that offer enhanced properties, such as durability and sustainability.

Expansion into New Markets: Key market players are expanding their presence in new markets, particularly in emerging economies, to tap into the growing demand for polycarbonate products in these regions.

Geography Analysis:

North America:

North America is a significant market for polycarbonate due to the high demand for polycarbonate products in various applications, such as automotive, electronics, and construction. The region has several major players, including DowDuPont, Sabic, and Covestro. The increasing focus on sustainability and the use of eco-friendly materials in various industries is expected to drive the growth of the polycarbonate market in North America. In 2020, the United States was the largest market for polycarbonate in North America, accounting for over 80% of the regional consumption.


Europe is another significant market for polycarbonate, with several major players, including Covestro, Sabic, and Teijin. The region is expected to witness significant growth in the polycarbonate market due to the increasing demand for lightweight and durable materials in various applications, such as automotive and packaging. European Aluminium Association found that using lightweight materials in cars could reduce CO2 emissions by up to 30%. The region is also witnessing an increasing demand for sustainable and eco-friendly materials, which is expected to boost the demand for polycarbonate products in the region.

In addition, the European Union has implemented regulations and initiatives aimed at promoting the use of sustainable and eco-friendly materials, such as the European Green Deal and the Circular Economy Action Plan, which is expected to drive the growth of the polycarbonate market in the region.

Key Benefits of Global Polycarbonate Market Report–

  • Global Polycarbonate Market report covers in-depth historical and forecast analysis.
  • Global Polycarbonate Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level.
  • Global Polycarbonate Market report helps to identify opportunities in the marketplace.
  • Global Polycarbonate Market report covers extensive analysis of emerging trends and competitive landscape.