Polycarbonate Resins Market Overview (2022 to 2032)

Global Polycarbonate Resins demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at US$ 8.8 Billion from 2022 to 2032. Because of the expanding electronics and automotive sectors, the worldwide polycarbonate resins market is predicted to increase significantly over the next ten years.

Report Attribute Details
Estimated Base Year Value (2021) US$ 5 Billion
Expected Market Value (2022) US$ 5.3 Billion
Anticipated Forecast Value (2032) US$ 8.8 Billion
Projected Growth Rate (2022 to 2032) 5.2% CAGR

Polycarbonate resins are widely employed in electrical/electronic equipment as well as a variety of automotive applications. Polycarbonate resins are a material of choice for applications that require impact resistance due to their unique mix of characteristics. Its durability, along with transparency and high-temperature resistance, makes it ideal for demanding transparent applications where safety is paramount. As a result, polycarbonate resins are progressively replacing glass in a variety of applications, including medical equipment, electronics, roofing, and automobiles.

The increasing use of polycarbonate variations in mobile phones and tablets will be a crucial factor in industry growth. The growing public awareness of carcinogenic residues, as well as the difficulty of obtaining permits and making large initial expenditures, may stymie the industry's expansion. The growing use of polycarbonate resins over conventional fibers and glass in automotive, medical equipment, electronics, and roofing, on the other hand, will provide additional impetus to the product demand surge.

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Which are Some Prominent Drivers Spearheading Polycarbonate Resins Market Growth?

The growing preference for polycarbonate resins over conventional glass fibers has been a primary driver of the polycarbonate resins industry. Demand for polycarbonate resins is being driven by greater research and development, which is resulting in a broader application scope for these resins. The rising demand for polycarbonate resins in many specialty categories such as medical equipment and blue ray discs is expected to give the market significant potential prospects in the coming years.

Due to environmental concerns, the development of bio-based polycarbonates is likely to offer this market enormous potential prospects. Moreover, Plastics consumption is expected to rise, benefiting the worldwide market. Growing demand for environmentally friendly goods is predicted to boost demand for polycarbonate resins. Polycarbonate resins offer exceptional optical qualities, physical properties, and recyclability, giving them a competitive advantage over metal, PVC, PE, and PET.

Polycarbonate resin uses may be found in a variety of sectors, including automotive, electronics, medical equipment, building and construction, and optical media. A significant increase in polycarbonate resin demand for the production of optical discs and other electronic devices is expected to boost worldwide market expansion.

What are the Challenges Faced by the Polycarbonate Resins Industry?

Increasing public knowledge of the dangers of Bisphenol-A. Over the projected period, use and carcinogenic residues are expected to pose a hindrance to the growth of the polycarbonate resins market.

The worldwide market's growth is expected to be slowed by high initial expenditures, limited access to licenses, and difficulties in creating an effective and efficient marketing network. Threats from replacements such as polypropylene, co-polyesters, and polystyrene are also projected to have a detrimental impact on market growth prospects.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Why is Asia-Pacific emerging as an Opportunistic Polycarbonate Resins Market?

The Asia Pacific region has led the worldwide polycarbonate market, and this trend is expected to continue over the projected period. The growing economies of China and India have a considerable need for polycarbonate resins to support escalating urbanization, accounting for the majority of the Asia Pacific polycarbonate resins market.

How is North America Contributing to Growth of the Polycarbonate Resins Market?

According to Future Market Insights, The North American market is characterized by widespread automobile glazing and high demand for medical-grade polycarbonate. The region's construction industry is predicted to revive and contribute to market expansion.

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Market Competition

To acquire market share and achieve sustainability, major industry competitors are spending on Research and Development to produce higher-quality polycarbonate resins. Bayer Material Science AG, Mitsubishi Engineering Plastic, Mitsubishi Gas Chemical Co., SABIC IP, Formosa Fiber & Chemical Corporation, Teijin Ltd., and Idemitsu Kosan Ltd. are among the prominent polycarbonate resin market participants.

Attributed to the presence of such a high number of participants, the market is highly competitive.

Scope Of Report

Report Attribute Details
Growth Rate CAGR of 5.2% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015 to 2020
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered

Application, Region

Regions Covered

North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East & Africa

Key Countries Profiled USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled

Bayer Material Science AG; Mitsubishi Engineering Plastic; Mitsubishi Gas Chemical Co.; SABIC IP; Formosa Fiber & Chemical Corporation; Teijin Ltd.; Idemitsu Kosan Ltd.

Customization Available Upon Request

Key Segments Profiled in the Polycarbonate Resins Industry Survey

Application:

  • Electrical & Electronics
  • Optical Media
  • Consumer
  • Automotive
  • Films
  • Packaging
  • Medical
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & Africa

Frequently Asked Questions

What is the anticipated growth of the Polycarbonate Resins market until 2032?

FMI projects the global Polycarbonate Resins market to expand at a 5.2% value CAGR by 2032

Which region is forecast to be the most lucrative for Polycarbonate Resins market growth?

Asia Pacific is expected to be the most opportunistic polycarbonate resins market

Which are some prominent polycarbonate resins manufacturers?

Bayer Material Science AG, Mitsubishi Engineering Plastic, Mitsubishi Gas Chemical Co., SABIC IP, Formosa Fiber & Chemical Corporation, Teijin Ltd., and Idemitsu Kosan Ltd., are some prominent Polycarbonate Resins manufacturers

Table of Content

1. Executive Summary | Polycarbonate Resins Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032

    4.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis, 2017 to 2021

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Projections, 2022 to 2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Application, 2017 to 2021

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Application, 2022 to 2032

        5.3.1. Electrical & Electronics

        5.3.2. Sheets & Glazing

        5.3.3. Automotive

        5.3.4. Packaging

        5.3.5. Optical Glass & Lens

        5.3.6. Appliances

        5.3.7. Other Applications

    5.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021

    5.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032

        5.5.1. Deep-dive segmentation will be available in the sample on request

6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Grade, 2017 to 2021

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Grade, 2022 to 2032

        6.3.1. Injection Moulding

        6.3.2. Extrusion

        6.3.3. Other Grades

    6.4. Y-o-Y Growth Trend Analysis By Grade, 2017 to 2021

    6.5. Absolute $ Opportunity Analysis By Grade, 2022 to 2032

        6.5.1. Deep-dive segmentation will be available in the sample on request

7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Region, 2017 to 2021

    7.3. Current Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Region, 2022 to 2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. East Asia

        7.3.5. South Asia & Pacific

        7.3.6. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    8.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2022 to 2032

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Application

        8.2.3. By Grade

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Application

        8.3.3. By Grade

    8.4. Key Takeaways

9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    9.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2022 to 2032

        9.2.1. By Country

            9.2.1.1. Mexico

            9.2.1.2. Brazil

            9.2.1.3. Rest of Latin America

        9.2.2. By Application

        9.2.3. By Grade

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Application

        9.3.3. By Grade

    9.4. Key Takeaways

10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    10.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2022 to 2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. Italy

            10.2.1.3. France

            10.2.1.4. United Kingdom

            10.2.1.5. Spain

            10.2.1.6. BENELUX

            10.2.1.7. Russia

            10.2.1.8. Rest of Europe

        10.2.2. By Application

        10.2.3. By Grade

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Application

        10.3.3. By Grade

    10.4. Key Takeaways

11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    11.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2022 to 2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

        11.2.2. By Application

        11.2.3. By Grade

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Application

        11.3.3. By Grade

    11.4. Key Takeaways

12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    12.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2022 to 2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. ASEAN

            12.2.1.3. Australia and New Zealand

            12.2.1.4. Rest of South Asia & Pacific

        12.2.2. By Application

        12.2.3. By Grade

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Application

        12.3.3. By Grade

    12.4. Key Takeaways

13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2021

    13.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2022 to 2032

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. Turkey

            13.2.1.3. South Africa

            13.2.1.4. Rest of Middle East and Africa

        13.2.2. By Application

        13.2.3. By Grade

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Application

        13.3.3. By Grade

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2021

            14.1.2.1. By Application

            14.1.2.2. By Grade

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2021

            14.2.2.1. By Application

            14.2.2.2. By Grade

    14.3. Mexico

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2021

            14.3.2.1. By Application

            14.3.2.2. By Grade

    14.4. Brazil

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2021

            14.4.2.1. By Application

            14.4.2.2. By Grade

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2021

            14.5.2.1. By Application

            14.5.2.2. By Grade

    14.6. Italy

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2021

            14.6.2.1. By Application

            14.6.2.2. By Grade

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2021

            14.7.2.1. By Application

            14.7.2.2. By Grade

    14.8. United Kingdom

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2021

            14.8.2.1. By Application

            14.8.2.2. By Grade

    14.9. Spain

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2021

            14.9.2.1. By Application

            14.9.2.2. By Grade

    14.10. BENELUX

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2021

            14.10.2.1. By Application

            14.10.2.2. By Grade

    14.11. Russia

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2021

            14.11.2.1. By Application

            14.11.2.2. By Grade

    14.12. China

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2021

            14.12.2.1. By Application

            14.12.2.2. By Grade

    14.13. Japan

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2021

            14.13.2.1. By Application

            14.13.2.2. By Grade

    14.14. South Korea

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2021

            14.14.2.1. By Application

            14.14.2.2. By Grade

    14.15. India

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2021

            14.15.2.1. By Application

            14.15.2.2. By Grade

    14.16. ASIAN

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2021

            14.16.2.1. By Application

            14.16.2.2. By Grade

    14.17. Australia and New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2021

            14.17.2.1. By Application

            14.17.2.2. By Grade

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2021

            14.18.2.1. By Application

            14.18.2.2. By Grade

    14.19. Turkey

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2021

            14.19.2.1. By Application

            14.19.2.2. By Grade

    14.20. South Africa

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2021

            14.20.2.1. By Application

            14.20.2.2. By Grade

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Application

        15.3.3. By Grade

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Covestro AG

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Saudi Basic Industries Corporation

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Mitsubishi Engineering-Plastics Corporation

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. LG Chem.

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Idemitsu Kosan Co.Ltd.

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. TEIJIN LIMITED.

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Trinseo

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Chi Mei Corporation.

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. LOTTE ADVANCED MATERIALS CO., LTD.

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. KAZANORGSINTEZ

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

        16.1.11. Sumika Styron Polycarbonate Limited

            16.1.11.1. Overview

            16.1.11.2. Product Portfolio

            16.1.11.3. Profitability by Market Segments

            16.1.11.4. Sales Footprint

            16.1.11.5. Strategy Overview

                16.1.11.5.1. Marketing Strategy

                16.1.11.5.2. Product Strategy

                16.1.11.5.3. Channel Strategy

        16.1.12. SRF Limited

            16.1.12.1. Overview

            16.1.12.2. Product Portfolio

            16.1.12.3. Profitability by Market Segments

            16.1.12.4. Sales Footprint

            16.1.12.5. Strategy Overview

                16.1.12.5.1. Marketing Strategy

                16.1.12.5.2. Product Strategy

                16.1.12.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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