Polycarbonate market expansion is being driven by rising demand for the product in packaging applications. Polycarbonate market expansion is projected to be aided by shifting preferences for polymers in food and beverage packaging due to their durability. Moreover, increased demand for high strength and quality materials for packaging consumer goods and food products is expected to fuel polycarbonate market expansion throughout the predicted period. Increasing environmental concerns since these polymers are difficult to recycle and can affect both terrestrial and marine species in the environment, is projected to stifle market expansion. Moreover, the accumulation of plastic on land can create soil and water contamination, impeding the expansion of the polycarbonate industry.
According to Coherent Market Insights, the global Polycarbonate Market is was accounted for US$ 18,398.2 Mn in terms of value and by the end of 2019 and is expected to grow at a CAGR of 6.1% during the forecast period.
Key Competitors in the Polycarbonate Industry:
SABIC Innovative Plastics
Founded in 1971, headquartered in Amsterdam, Netherland. Manufacturer and supplier of plastic products. The company provides polyolefins, Polyvinyl chloride (PVC) and polyester, deep into the markets for engineering thermoplastics. On February 2023, md&m west 2023 new chemically resistant, thin-wall transparent lnp™ crx copolymer resins that can help improve medical device durability & sustainability. In October 2019, SABIC launched polycarbonate based on certified renewable feedstock. This polycarbonate resin can be used on existing equipment, under identical process conditions.
Teijin Limited
Teijin Limited was incorporated in 1918 and is headquartered in Chiyoda, Japan.. In June 2017, Teijin officially unveils world’s first polycarbonate (PC) resin pillar-less automotive front window, installed in the Tommykaira ZZ electric vehicle (EV)
Chi Mei Corporation
CHIMEI is a designer and manufacturer of polymer materials, synthetic rubbers, and specialty chemicals. The company was founded in 1960, headquartered in Taiwan. In August 2021, CHIMEI Corporation has announced that its subsidiary—Zhangzhou CHIMEI Chemical Co., Ltd., located in Zhangzhou, China, will be expanding its manufacturing technology blueprint, introducing the newest variPLANT®—a second-generation technology of EPC Engineering & Technologies GmbH, and the Versalis DPC process licensed by LUMMUS TECHNOLOGY LLC, to build a new Polycarbonate (PC) production site.