Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Polycarbonate is a high-performance thermoplastic polymer that is tough, transparent, and amorphous nature. It exhibits excellent properties such as moisture-resistance, chemical, and electrical resistance and also offer thermal stability. It is produced by a step-growth polymerization process. Moreover, polycarbonate resins produced can be transformed into components by using injection molding and extrusion techniques.

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.

Drivers:

Increasing demand for the product from packaging applications is propelling the market growth of the polycarbonate. Shifting preferences for the polymers in the packaging of the food and beverages due to its durability is again expected to foster the market growth of the polycarbonate. Also, increasing demand for high strength and quality products for packaging consumer goods and food products is further projected to accelerate the market growth of the polycarbonate over the forecast timeframe.

Growing disposable income coupled with the increasing population around the globe is expected to foster the market growth of the polycarbonate. The rise in the end-user industries across the developing region is also contributing to the market growth of the polycarbonate. Also, a high GDP growth rate in the developing regions is again expected to propel the market growth. In addition to this, growing awareness regarding the benefits of the polycarbonate among manufacturers is further creating demand thereby fueling the market growth.

Figure 1. Global Polycarbonate Market, Revenue Share (%), By Region, 2019

Polycarbonate  | Coherent Market Insights

Asia Pacific region dominated the global Polycarbonate market in 2019, accounting for 56.64% share in terms of revenue, followed by the Europe and North America, respectively.

Market Restraints

Growing environmental concerns as these polymers are difficult to recycle which can harm both terrestrials, as well as aquatic life in the environment, is expected to hinder the market growth. Also, the accumulation of plastic on land can cause soil as well as water pollution which is hampering the market growth of the polycarbonate.

The fluctuating price of the raw materials used in the production of the polycarbonate is projected to restrict the market growth. Bisphenol A is a key product used in the product and is derived from crude oil which is highly susceptible to volatility. Thus the volatile price of the raw materials is hindering the market growth of the polycarbonate.

request-sample

Polycarbonate Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 18,398.2 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.1% 2027 Value Projection: US$ 29,657.2 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • RoW
Segments covered:
  • By Application: Automotive, Electronics, Construction, Optical |Media, Packaging, Others
Companies covered:

SABIC Innovative Plastics,  Chi Mei Corporation,  Teijin Limited,  Mitsubishi Engineering-Plastics Corporation,  Idemitsu Kosan Co., Ltd.,  Styron,  Royal DSM,  Centroplast Engineering Plastics GmbH,  Asahi Kasei Chemical Corporation, and  Bayer Material Science

Growth Drivers:
  • Rising adoption of polycarbonate in the manufacturing of packaging solutions
  • Increasing disposable income among individuals coupled with surging adoption of packaging solutions
Restraints & Challenges:
  • Environmental concerns associated with usage of polycarbonate
  • Fluctuations in the prices of raw material

Market Opportunities

Growing demand for bio-based polycarbonate due to growing environmental concerns is projected to offer lucrative opportunities in the near future. For instance, in January 2020, Covestro launched its first partially bio-based polycarbonate film. The carbon footprint of the new film material is relatively smaller than that of conventional, petroleum-based polycarbonate and more than 50% of its carbon content is sourced from starch, derived from widely available plant feedstock.

Increasing investment by key manufacturers in the development of the public infrastructure is projected to offer potential market opportunities. Development of the metro-rail projects and airports is creating a huge demand for polycarbonate resins from the construction industry. Moreover, the expansion of the mass transit systems is also expected to foster the demand for the products. Thus, growth in the construction industry is projected to accelerate the market growth of the polycarbonate.

Figure 2. Global Polycarbonate Market – Opportunity Analysis

Polycarbonate  | Coherent Market Insights

Market Trends/Key Takeaways

Continuous product innovation by the key manufacturer is one of the growing trends in the market. For instance, in February 2020, Trinseo a global materials solutions provider and manufacturer of plastics and synthetic rubber launched new wear-resistant, high lubricity polycarbonate (PC) at two major industry shows Pharmapack in Paris, France, and MD&M West in Anaheim, California. The wear-resistant, high lubricity PC has been designed for drug delivery devices and surgical tools.

Improving lifestyle of the consumers is driving demand for durable consumer goods produced from polymers. Also, increasing demand for polycarbonate from the healthcare segment where it is used in the manufacturing of medical devices is again expected to foster the market growth. Therefore, a growing number of hospitals are creating demand for medical devices. Moreover, the rise in the urban population coupled with the increased exports and imports of consumer goods is further projected to escalate the market growth of the polycarbonate over the forecast period.

Figure 3. Global Polycarbonate Market, Revenue Share (%), By Application in 2019

Polycarbonate  | Coherent Market Insights

Based on application, electronics segment dominated the global polycarbonate market in 2019, accounting for 27.4% share in terms of revenue, followed by the automotive and construction segment, respectively.

Global Polycarbonate Market - Impact of Coronavirus (Covid-19) Pandemic

The novel Coronavirus (COVID-19) has impacted the global polycarbonate industry to some extent. But, surging demand for polycarbonate face shields as protective wear against the virus is anticipated to trigger the demand for polycarbonate.

Value Chain Analysis

Polycarbonate  | Coherent Market Insights

Company Names 

  1. SABIC Innovative Plastics
  2. Teijin Limited
  3. Chi Mei Corporation
  4. Idemitsu Kosan Co., Ltd.
  5. Mitsubishi Engineering-Plastics Corporation
  6. Styron
  7. Centroplast Engineering Plastics GmbH
  8. Bayer MaterialScience
  9. Royal DSM
  10. Asahi Kasei Chemical Corporation

Few Recent Developments

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)

The Global Polycarbonate Market is accounted for US$ 18,398.2 Mn in terms of value by the end of 2019. Polycarbonates are thermoplastic polymers that are used as tough materials across several industrial applications. These polycarbonates can be easily processed, molded, and thermoformed.

The properties of polycarbonate such as higher temperature and impact resistance as well as optical transparency make them well suited for applications across the automotive, electronics, and packaging sectors.

Market Dynamics

The properties of polycarbonate such as higher temperature and impact resistance as well as optical transparency make them well suited for applications across the automotive, electronics, and packaging sectors.

The surging need towards adoption of lightweight, and fuel efficient vehicles is expected to augment the demand for polycarbonate. Moreover, rising adoption of polycarbonate as a substitute to various materials in other industrial and infrastructure applications is expected to augment the market growth in the upcoming years.

Key features of the study:

  • This report provides in-depth analysis of Global Polycarbonate Market size (US$ Million and KT), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new Product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the Global Polycarbonate Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes SABIC Innovative Plastics, Teijin Limited, Chi Mei Corporation, Idemitsu Kosan Co., Ltd., Mitsubishi Engineering-Plastics Corporation, Styron, Centroplast Engineering Plastics GmbH, Bayer Material Science, Royal DSM, and Asahi Kasei Chemical Corporation.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future Product launches, Product up-gradation, market expansion, and marketing tactics
  • The Global Polycarbonate Market report caters to various stakeholders in this industry including investors, suppliers, global polycarbonate manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the Global Polycarbonate Market

Detailed Segmentation:

  • Global Polycarbonate Market, By Application:
    • Automotive
    • Electronic
    • Construction
    • Optical Media
    • Packaging
    • Others
  • Global Polycarbonate Market, By Region:
    • North America
      • By Application
        • Automotive
        • Electronic
        • Construction
        • Optical Media
        • Packaging
        • Others
    • Europe
      • By Application
        • Automotive
        • Electronic
        • Construction
        • Optical Media
        • Packaging
        • Others
    • Asia Pacific
      • By Application
        • Automotive
        • Electronic
        • Construction
        • Optical Media
        • Packaging
        • Others
    • Rest of the World
      • By Application
        • Automotive
        • Electronic
        • Construction
        • Optical Media
        • Packaging
        • Others
        • Others
  • Company Profiles
    • SABIC Innovative Plastics
      • Company Overview
      • ProductPortfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Teijin Limited
    • Chi Mei Corporation
    • Idemitsu Kosan Co., Ltd.
    • Mitsubishi Engineering-Plastics Corporation
    • Styron
    • Centroplast Engineering Plastics GmbH
    • Bayer Material Science
    • Royal DSM
    • Asahi Kasei Chemical Corporation

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • Key Developments
  4. Global Polycarbonate Market- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Polycarbonate Market– COVID-19
  5. Global Polycarbonate Market, By Application, 2017 - 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Automotive
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Electronics
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Construction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Optical Media
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Packaging
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  6. Global Polycarbonate Market, By Region, 2017- 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
    • Rest of the World
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
      • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & KT)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • SABIC Innovative Plastics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Teijin Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Chi Mei Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Idemitsu Kosan Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • PhotoMedex, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Mitsubishi Engineering-Plastics Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Styron
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Centroplast Engineering Plastics GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Bayer Material Science
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Royal DSM
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Asahi Kasei Chemical Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact
FAQgrowicon

Frequently Asked Questions

The market for global polycarbonate is forecast to surpass US$ 29,657.2 million by 2027 witnessing a CAGR of 6.1% between 2020 and 2027.
Rising adoption of light weight packaging material is a prime factor fueling the market growth of the polycarbonate.
Continuous product development coupled with rising demand for durable polymers for several applications.
Rising prices of raw materials coupled with environmental concerns associated over usage on non-degradable materials.
Major players operating in the market includes SABIC Innovative Plastics, Teijin Limited, Chi Mei Corporation, Idemitsu Kosan Co., Ltd., Mitsubishi Engineering-Plastics Corporation, Styron, Centroplast Engineering Plastics GmbH, Bayer MaterialScience, Royal DSM, and Asahi Kasei Chemical Corporation.
The market was valued at US$ 18,398.2 million in terms of revenue in 2019.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.