Global Polycarbonate Market Set to Reach USD 20.50 Billion by 2030

Global Polycarbonate (PC) Market Projected to Reach USD 20.50 Billion by 2030, Driven by Automotive and Electronics Sectors

The global Polycarbonate (PC) market is poised for substantial growth, with projections indicating an expansion from USD 14.17 billion in 2023 to USD 20.50 billion by 2030. This growth corresponds to a Compound Annual Growth Rate (CAGR) of 5.41% during the forecast period.

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Competitive Landscape and Regional Demand
The PC market is characterized by the presence of several global and regional key players. Prominent companies include Covestro AG, SABIC, Mitsubishi Engineering Plastics Corporation, LG Chem, and Teijin Limited. These companies are actively engaged in strategic initiatives such as mergers, collaborations, and acquisitions to strengthen their market positions. ​Asia-Pacific (APAC) dominates the global PC market, contributing approximately 57.34% to the market growth. This dominance is attributed to the region's robust manufacturing base, availability of raw materials, and cost-effective labor. ​

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Country-Specific Insights
Growth Opportunities in Vietnam
Vietnam's burgeoning electronics and automotive sectors are driving the demand for polycarbonate materials. The government's initiatives to attract foreign direct investment (FDI) in manufacturing are further bolstering market growth.​

Market Trends in Thailand
Thailand is witnessing increased demand for polycarbonate films, particularly in the electronics industry. Covestro AG has transformed its compounding line at the Map Ta Phut site to produce mechanically recycled PC, aiming to supply over 60,000 tonnes of recycled-content PC material annually in the Asia-Pacific region by 2026.

Consolidation in Japan
Japan's PC market is experiencing consolidation, with companies focusing on mergers and acquisitions to enhance their market share. The emphasis on sustainable practices and recycling is reshaping the industry's landscape.​

Updation in South Korea
South Korea is updating its PC production technologies to meet the rising demand for high-quality, recyclable materials. Investments in research and development are central to the country's strategy to maintain competitiveness.​

Opportunities in Singapore
Singapore's strategic location and advanced infrastructure make it a hub for PC trade in Southeast Asia. The country's high per capita consumption of polycarbonate, at 25 kg per person, indicates a strong market potential.

Growth in the United States
The United States is witnessing growth in the PC market, driven by increased demand in the automotive and electronics sectors. The market is expected to reach an estimated value of USD 1.84 billion by 2032, propelled by the material's excellent chemical and UV resistance. ​

Trends in China
China remains a dominant player in the PC market, with a consumption volume of 2 million tons, accounting for 32% of the global volume. The country's construction segment is expected to reach USD 1.93 billion by 2024, driven by investments in new housing projects. ​

Market Dynamics in Europe
Europe's PC market is characterized by stringent regulations promoting recycling and sustainability. The region's focus on circular economy principles is driving innovation and investment in PC recycling infrastructure.

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Global Polycarbonates Pc Market Classifications

by Product

Sheets/Films
Fibers
Blends
Tubes and Other Product Types

by Grade

Injection Molding
Extrusion
Others

by Application

Automotive and Transportation
Electricals and Electronics
Construction Applications
Medical
Other Applications

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The following companies are included in the market for Global Polycarbonates Pc :

​1. Mitsubishi Engineering Plastics Corporation
2. SABIC
3. Covestro AG
4. Ningbo Zhetie Daphoon Chemical Co. Ltd
5. Chi Mei Corporation
6. LOTTE Chemical Corporation
7. EXOLON Group GmbH
8. Trinseo SA
9. Formosa Chemicals & Fibre Corp.
10. LG Chem
11. Teijin Limited
12. Samyang Corporation
13. Idemitsu Kosan Corporation Limited
14. Centroplast Engineering Plastics GmbH
15. Bayer Material Science AG
16. Royal DSM
17. Asahi Kasei Chemical Corporation

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