The Polycarbonate Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players.
Market Insights
The polycarbonate market was estimated at USD 21.72 billion in 2021 and is likely to grow at a CAGR of 5.59% during 2022-2028 to reach USD 31.91 billion in 2028.
The demand for polycarbonates is driven mainly by the increasing demand from the automotive industry.
What is polycarbonate?
Polycarbonates can be defined as a group of thermoplastic polymers that contain carbonate groups in their chemical structures. Such materials are strong and some grades are even optically transparent. The utility of polycarbonate is endless that includes transportation, electrical & electronics, construction, and packaging to name a few.
COVID-19 Impact on the polycarbonate market
Polycarbonate, a sizeable market, also was unable to escape the pandemic and witnessed a decline in sales in 2020 the pandemic. However, due to demand from various end-use industries, the market started to rebound from the year 2021. The polycarbonate market is likely to see healthy growth in the forecast period.
Some Key Players mentioned -
The following are the key players mentioned in this report-
• SABIC
• Bayer Materialscience Ag
• Teijin Ltd.
• Mitsubishi Engineering-Plastics Corporation
• Chi Mei Corporation
• Formosa Chemicals & Fiber Corporation
• LG Chem Ltd.
• Samsung Sdi Co., Ltd.
• Thai Polycarbonate Co. Ltd.
• Trinseo LLC
Segment Analysis
Based on the application type, the market is segmented as transportation, electrical & electronics, construction, packaging, consumer goods, optical media, medical devices, and others. The transportation segment accounted for the largest share in 2021 and is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the rising demand for polycarbonate in headlamp lenses, lighting systems, exterior parts, and interior components of automobiles.
In terms of regions, Asia-Pacific is expected to be the largest market for polycarbonates during the forecast period. The Asia-Pacific market is expected to expand with a lucrative CAGR due to the establishment of automotive manufacturing plants in the region by various American and European automobile giants coupled with a growing population and investment in infrastructure and construction projects in the region.
Customization:
Stratview Research also provides customization of the reports. Reach out to us at [email protected] to customize the given report according to your priority/requirement.
How decision makers can benefit from this report?
- The user can estimate regional trends from the output and forecast data up to the given forecast period.
- Identifying the growth strategies behind the expanding companies made easy.
- The report enables the users to assess and identify present and future prospects in markets that are most suited to plan growth strategies.
- This report throws light on all the low-hanging fruits in the market also covers all the key regions and sectors.
- The user can formulate plans on how to sustain and grow in the market and minimize any negative impact on revenues.
Topics Covered in this report:
Below given are a few of the topics which are covered in this report -
1. Executive Summary
2. Environment Analysis
3. Competitive Analysis
4. Strategic Growth Opportunities
5. Market Attractiveness
6. Company Profile of Key Players
About Us
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