IMARC Group, a leading market research company, has recently releases report titled “Polycarbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global polycarbonate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the polycarbonate market?
|Market Size in 2022||US$ 10.2 Billion|
|Market Forecast in 2028||US$ 13.9 Billion|
|Growth rate (2023 to 2028)||CAGR of 5.8%|
|Base Year of the Analysis||2022|
What is polycarbonate?
Polycarbonate (PC) is an amorphous and transparent thermoplastic polymer widely used in safety helmets, bullet-proof glass, car headlamp lenses, baby feeding bottles, eyewear, and medical devices. It possesses high impact strength, dimensional stability, and transmittance and exhibits good chemical and heat resistance properties. As it is lightweight and recyclable, it is gaining immense traction in the building and construction, electronics, automotive, aerospace and defense, and packaging industries across the globe.
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What are the growth prospects and trends in the polycarbonate industry?
The growing investments in construction activities and increasing adoption of PC as an alternative to glass in various window and skylight applications currently represent one of the key factors positively influencing the market. Apart from this, PC is used for guard booths, convenience stores, and blast and bullet-resistant glazing applications. Moreover, as PC assists in reducing internal heat and maintaining the highest level of light transmission, it is extensively used on the roofs of sports stadiums to protect the audience from bad weather. Furthermore, PC is used in light-emitting diode (LED) on account of its low flammability and high transparency. This, in confluence with the growing popularity of LEDs due to their high energy efficiency, reliability, and durability, is offering lucrative growth opportunities to key market players operating worldwide.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Sheets and Films
Breakup by Application:
- Electrical and Electronics
- Construction, Sports and Recreational
- Optical Media
- Appliances and Housewares
- Medical and Ophthalmic
Imports and Exports:
- Import Trends
- Import Breakup by Country
- Export Trends
- Export Breakup by Country
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Chi Mei Corporation
- Covestro AG
- Formosa Chemicals & Fibre Corporation
- Idemitsu Kosan Co. Ltd
- LG Chem
- Lotte Chemical Corporation
- Mitsubishi Engineering Plastics Corp.
- Teijin Limited
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