Global Polycarbonate Resins demand is anticipated to be valued at USD 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at USD 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) | USD 5 Billion |
| Expected Market Value (2022) | USD 5.3 Billion |
| Anticipated Forecast Value (2032) | USD 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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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.
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.
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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.
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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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.
| 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 |
FMI projects the global Polycarbonate Resins market to expand at a 5.2% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic polycarbonate resins market
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
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 5.1. Electrical & Electronics 5.2. Sheets & Glazing 5.3. Automotive 5.4. Packaging 5.5. Optical Glass & Lens 5.6. Appliances 5.7. Other Applications 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade 6.1. Injection Moulding 6.2. Extrusion 6.3. Other Grades 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia & Pacific 7.6. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Covestro AG 16.2. Saudi Basic Industries Corporation 16.3. Mitsubishi Engineering-Plastics Corporation 16.4. LG Chem. 16.5. Idemitsu Kosan Co.Ltd. 16.6. TEIJIN LIMITED. 16.7. Trinseo 16.8. Chi Mei Corporation. 16.9. LOTTE ADVANCED MATERIALS CO., LTD. 16.10. KAZANORGSINTEZ 16.11. Sumika Styron Polycarbonate Limited 16.12. SRF Limited 17. Assumptions & Acronyms Used 18. Research Methodology
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Polycarbonate Resins Market
