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Polycarbonate Resins Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[223+ Pages Report] 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.
Market Overview
Polycarbonate Resins are high-performance thermoplastic polymers that are also light in nature. These have great electric and thermal resistance along with other characteristics such as dimensional stability, optical clarity, and high toughness. The use of these Polycarbonate Resins is high due to the rising demand for lightweight yet string components in multiple industrial applications. Increasing use in consumer electronics, electrical component manufacturing, and automotive manufacturing are major applications that are driving the Polycarbonate Resins market growth and will continue to do so over the forecast period as well.
Increasing demand for eco-friendly products and rising plastic consumption are major factors that will help Polycarbonate Resins manufacturers expand their business scope over the coming years. Increasing demand for smart and eco-friendly materials in the building and construction industries will also favor the Polycarbonate Resins market growth through 2028. Increasing health awareness and the carcinogenic effects associated with the use of Polycarbonate Resins are expected to have a hampering effect on the global Polycarbonate Resins market potential over the forecast period.
Impact of COVID - 19
The COVID-19 pandemic led to a downfall in the Polycarbonate Resins market and incurred losses for multiple Polycarbonate Resins manufacturers. The world witnessed lockdowns across multiple nations to control the spread of coronavirus infections and this led to a substantial change in industrial activity on a global scale. Shuttering of multiple manufacturing facilities and slow down of the industrial sector majorly led to a drop in demand for Polycarbonate Resins in 2020. Shortage of raw materials, shuttering of multiple industrial facilities and manufacturing facilities, lapses in logistics, etc., were factors that further made it difficult for the Polycarbonate Resins companies to run their business efficiently in 2020. The Polycarbonate Resins market is expected to make a good recovery in the post-pandemic era as the world returns to normal and manufacturing activity resumes to drive the Polycarbonate Resins market potential over the forecast period with high demand from multiple end-use industries.
The complete research study looks at both the qualitative and quantitative aspects of the Polycarbonate Resins market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.
Segmentation Analysis
The global Polycarbonate Resins market is segregated based on application and region.
The Polycarbonate Resins market on the basis of application is bifurcated into Electrical & Electronics, Optical Media, Consumer, Automotive, Sheets, Films, Packaging, Medical, and Others. The rising demand from the automotive and electronics industries is expected to prominently drive the Polycarbonate Resins market potential over the forecast period. Polycarbonate Resins manufacturers will focus on these two applications to maximize their revenue generation potential on a global scale through 2028.
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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Regional Landscape
Asia Pacific region leads the global Polycarbonate Resins market in terms of volume share and this can be attributed to rising industrial activity in the region owing to rapid industrialization in multiple economies in this region. Especially emerging economies of India and China are expected to offer highly lucrative opportunities owing to rapid industrialization and rising government investments to boost the manufacturing sector over the forecast period. Increasing manufacturing of automotive and electronics, and supportive government initiatives, are expected to prominently drive the Polycarbonate Resins market in these regions.
China is expected to be the most lucrative market for Polycarbonate Resins manufacturing and consumption as well. Europe and North America are expected to follow the market trends in the Asia Pacific region and will witness steady growth in the coming years.
List of Key Players in the Global Polycarbonate Resins Market:
- SABIC Innovative Plastics
- Bayer MaterialScience 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
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
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major 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
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