Press release
Polycarbonate Market 2023 Share, Size, Growth, Trends and Forecast 2028
IMARC Group, a leading market research company, has recently releases report titled "Polycarbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global polycarbonate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.Report Highlights
How big is the polycarbonate market?
The global polycarbonate market size reached US$ 10.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
What is polycarbonate?
Polycarbonate (PC) is an amorphous and transparent thermoplastic polymer widely used in safety helmets, bullet-proof glass, car headlamp lenses, baby feeding bottles, eyewear, and medical devices. It possesses high impact strength, dimensional stability, and transmittance and exhibits good chemical and heat resistance properties. As it is lightweight and recyclable, it is gaining immense traction in the building and construction, electronics, automotive, aerospace and defense, and packaging industries across the globe.
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What are the growth prospects and trends in the polycarbonate industry?
The growing investments in construction activities and increasing adoption of PC as an alternative to glass in various window and skylight applications currently represent one of the key factors positively influencing the market. Apart from this, PC is used for guard booths, convenience stores, and blast and bullet-resistant glazing applications. Moreover, as PC assists in reducing internal heat and maintaining the highest level of light transmission, it is extensively used on the roofs of sports stadiums to protect the audience from bad weather. Furthermore, PC is used in light-emitting diode (LED) on account of its low flammability and high transparency. This, in confluence with the growing popularity of LEDs due to their high energy efficiency, reliability, and durability, is offering lucrative growth opportunities to key market players operating worldwide.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Sheets and Films
Fibers
Blends
Tubes
Others
Breakup by Application:
Automotive
Electrical and Electronics
Construction, Sports and Recreational
Optical Media
Appliances and Housewares
Packaging
Medical and Ophthalmic
Others
Imports and Exports:
Import Trends
Import Breakup by Country
Export Trends
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
Who are the key players operating in the industry?
The report covers the major market players including:
Chi Mei Corporation
Covestro AG
Formosa Chemicals & Fibre Corporation
Idemitsu Kosan Co. Ltd
LG Chem
Lotte Chemical Corporation
Mitsubishi Engineering Plastics Corp.
SABIC
Teijin Limited
Trinseo
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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