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  • Polycarbonate Market Size & Growth Analysis | 2023-2028

    Polycarbonate Market Size & Growth Analysis | 2023-2028

    Polycarbonate Market Size & Growth Analysis | 2023-2028
    Report code - SRAM476 Delivery - 2 Weeks
    Polycarbonate Market Size, Share, Trends, Forecast, & Growth Analysis– 2023-2028 See more...

    Market Insights

    The polycarbonate market was estimated at USD 23.02 billion in 2022 and is likely to grow at a CAGR of 5.53% during 2023-2028 to reach USD 31.91 billion in 2028.


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    What is polycarbonate?

    Polycarbonates can be defined as a group of thermoplastic polymers that contain carbonate groups in their chemical structures. Such materials are strong and some grades are even optically transparent. The utility of polycarbonate is endless that includes transportation, electrical & electronics, construction, and packaging to name a few.

    COVID-19 Impact on the polycarbonate market.

    Polycarbonate, a sizeable market, also was unable to escape the pandemic and witnessed a decline in sales in 2020 the pandemic. However, due to demand from various end-use industries, the market started to rebound from the year 2021. The polycarbonate market is likely to see healthy growth in the forecast period.

    Polycarbonate Market Highlights

    Market Size in 2022

    USD 23.02 billion

    Market Size in 2028

    USD 31.91 billion

    Market Growth (2023-2028)

    5.53% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Market Dynamics

    The polycarbonate market has been experiencing significant growth in recent years, driven by several key factors. Here are a few drivers behind the growth of the global market for polycarbonate-

    • Polycarbonate, owing to its properties like lightweight, high-strength, and impact resistance, is widely used in automotive applications such as interior and exterior components, lighting systems, glazing, electrical connectors, etc. With the growing demand for fuel efficiency and reduced emissions, the adoption of polycarbonate helps automakers achieve weight reduction while maintaining safety and design flexibility.
    • Polycarbonate finds widespread use in construction applications, including in roofing sheets, cladding panels, safety glazing, etc. Owing to its excellent transparency, durability, and thermal insulation properties, polycarbonate is becoming a preferred choice for modern architectural designs.
    • The growing consumer electronics market also fuels the demand for polycarbonate, as it is widely used in this industry owing to its flame resistance, and excellent electrical insulation properties.


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    Segments Analysis

    By Application Type

    Based on the application type, the market is segmented as transportation, electrical & electronics, construction, packaging, consumer goods, optical media, medical devices, and others. The transportation segment accounted for the largest share in 2022 and is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the rising demand for polycarbonate in headlamp lenses, lighting systems, exterior parts, and interior components of automobiles.

    Regional Insights

    In terms of regions, Asia-Pacific is estimated to be the largest market for polycarbonates during the forecast period. The Asia-Pacific market is expected to expand with a lucrative CAGR due to the establishment of automotive manufacturing plants in the region by various American and European automobile giants coupled with a growing population and investment in infrastructure and construction projects in the region.


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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The polycarbonate market is segmented into the following categories.

    By Application Type

    • Transportation
    • Electrical & Electronics
    • Construction
    • Packaging
    • Consumer Goods
    • Optical Media
    • Medical Devices
    • Others

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)


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    Key Players

    Some of the major polycarbonate manufacturers are-

    • SABIC
    • Bayer Materialscience Ag
    • Teijin Ltd.
    • Mitsubishi Engineering-Plastics Corporation
    • Chi Mei Corporation
    • Formosa Chemicals & Fiber Corporation
    • LG Chem Ltd.
    • Samsung Sdi Co., Ltd.
    • Thai Polycarbonate Co. Ltd.
    • Trinseo LLC

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Polycarbonate Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by region type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Project portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Polycarbonates can be defined as a group of thermoplastic polymers that contain carbonate groups in their chemical structures. Such materials are strong and some grades are even optically transparent. The utility of polycarbonate is endless that includes transportation, electrical & electronics, construction, and packaging to name a few.

    The polycarbonate market was estimated at USD 23.02 billion in 2022.

    The polycarbonate market is likely to reach USD 31.91 billion in 2028.

    The polycarbonate market is expected to witness an impressive growth of 5.53% CAGR in the foreseeable future.

    SABIC, Bayer Materialscience Ag, Teijin Ltd., Mitsubishi Engineering-Plastics Corporation, Chi Mei Corporation, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Thai Polycarbonate Co. Ltd., and Trinseo LLC are among the key players in the market.

    Asia-pacific is expected to be the largest market during the next five years.

    The transportation segment is expected to remain dominant in the market in the coming years.


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