Polycarbonate Market Size to hit US$ 13.28 Billion, by 2027 - Report by IMARC Group
Base Year: 2021
Forecast Year: 2022-2027
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global polycarbonate market reached a value of US$ 9.57 Billion in 2021. Polycarbonate is a thermoplastic polymer manufactured by the polymerization or polycondensation of bisphenol A and carbonyl chloride or diphenyl carbonate. It is lightweight, durable, moisture-resistant, a good heat absorber, and amorphous. It is used as a synthetic resin to manufacture safety glass, eye lenses, transparent manifolds, and architectural glazing and semiconductor machinery components. As a result, it finds applications in the automotive, construction, electronics, medical, and packaging industries across the globe.
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Rapid industrialization, coupled with the growing demand for impact- and shatter-resistant products, represents one of the key factors primarily driving the market. Additionally, the thriving automotive sector is positively influencing the demand for polycarbonates to manufacture headlamp lenses, lighting systems, and interior and exterior components. Apart from this, numerous research and development (R&D) projects, along with technological advancements in sensors, drones, virtual reality (VR) and augmented reality (AR), are anticipated to impel the growth of the market. Looking forward, IMARC Group expects the market to reach US$ 13.28 Billion by 2027, exhibiting at a CAGR of 6.02% during 2022-2027.
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List of Key Companies Covered in this Market Report:
Chi Mei Corporation
Formosa Chemicals & Fibre Corporation
Idemitsu Kosan Co. Ltd
Lotte Chemical Corporation
Mitsubishi Engineering Plastics Corp.
The report has segmented the market on the basis of product type, application, imports & exports and geography.
Breakup by Product Type:
Sheets and Films
Breakup by Application:
Electrical and Electronics
Construction, Sports and Recreational
Appliances and Housewares
Medical and Ophthalmic
Imports and Exports:
Import Breakup by Country
Export Breakup by Country
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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