26-Jul-2022 | Facts and Factors
According to Facts and Factors, the global Polycarbonate Resins market size was valued at USD 15.2 billion in 2021 and is predicted to increase at a CAGR of 3.9% to USD 19.1 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Rising demand for better components and new materials in order to enhance efficiency and reduce costs are expected to propel the popularity of Polycarbonate Resins over the coming years. Polycarbonate Resins are high-performance thermoplastic polymers with excellent characteristics which make them a preferable choice in multiple applications.
Browse the full “ Polycarbonate Resins Market Size, Share, Growth Analysis Report By Application (Electrical & Electronics, Optical Media, Consumer, Automotive, Sheets, Films, Packaging, Medical, Others), and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/polycarbonate-resins-market
Furthermore, the lightweight nature of Polycarbonate Resin will also favor the demand in the coming years. Increasing demand from automotive and electronics manufacturing industries will lead to the Polycarbonate Resins market potential over the forecast period. Qualities such as high thermal and electrical resistance and high durability with light weight are expected to be prominent trends that will drive the Polycarbonate Resins market potential over the coming years.
Rising demand for eco-friendly products will also favor the Polycarbonate Resins market growth and provide Polycarbonate Resins manufacturers with new opportunities to develop new components. However, increasing awareness about the carcinogenic effects of Polycarbonate Resins on health is expected to have a restraining effect on the global Polycarbonate Resins market growth over the forecast period. Stringent norms against the same will further slow down the market potential in the long run.
Segmental Overview
In terms of applications, the Polycarbonate Resins market is further segmented into Electrical & Electronics, Optical Media, Consumer, Automotive, Sheets, Films, Packaging, Medical, and Others. The Electrical & Electronics and Optical Media segments are projected to see high demand in the coming years as manufacturing in these applications increases owing to rapid digitization on a global scale. Increasing demand from the automotive sector for lightweight components will drive the demand and the rising trend of electric vehicles will further bolster the demand for Polycarbonate Resins in the coming years.
Regional Overview
Asia Pacific region leads the global Polycarbonate Resins market in terms of share and will continue its dominance in the global Polycarbonate Resins industry landscape throughout the forecast period. The growth in this region for the Polycarbonate Resins market can mainly be attributed to rising industrialization which is increasing demand for Polycarbonate Resins in multiple manufacturing applications due to their good characteristic properties. China is a major producer of Polycarbonate Resins and this is expected to boost the Polycarbonate Resins market potential in this region over the forecast period. Increasing investments and rising support from the government to boost manufacturing sectors in the nations of China and India are also expected to favor the Polycarbonate Resins market potential in the long run.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 15.2 Billion |
Projected Market Size in 2028 |
USD 19.1 Billion |
CAGR Growth Rate |
3.9% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
SABIC Innovative Plastics, Bayer Material Science Ag, Teijin Ltd., Mitsubishi Engineering-Plastics Corporation, Chi Mei Corporation, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Samyang Corporation, Thai Polycarbonate Co. Ltd., Trinseo LLC, and Others |
Key Segment |
By Application and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global Polycarbonate Resins Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the major companies operating in the global polycarbonate resin market are SABIC Innovative Plastics, Bayer Material Science Ag, Teijin Ltd., Mitsubishi Engineering-Plastics Corporation, Chi Mei Corporation, Formosa Chemicals & Fiber Corporation, LG Chem Ltd., Samsung Sdi Co., Ltd., Samyang Corporation, Thai Polycarbonate Co. Ltd., Trinseo LLC, and others.
The Global Polycarbonate Resin Market is segmented as follows:
By Application
- Electrical & Electronics
- Optical Media
- Consumer
- Automotive
- Sheets
- Films
- Packaging
- Medical
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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