Polycarbonate (PC) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Polycarbonate (PC) Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Polycarbonate (PC) Market Size

Polycarbonate (PC) Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 20.62 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 28.84 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Electrical and Electronics
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 6.94 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Polycarbonate (PC) Market Analysis

The Polycarbonate (PC) Market size is estimated at 20.62 billion USD in 2024, and is expected to reach 28.84 billion USD by 2029, growing at a CAGR of 6.94% during the forecast period (2024-2029).

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20.62 Billion

Market Size in 2024 (USD)

28.84 Billion

Market Size in 2029 (USD)

6.76 %

CAGR (2017-2023)

6.94 %

CAGR (2024-2029)

Largest Market by End-user Industry

35.65 %

value share, Electrical and Electronics, 2023

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Owing to the widespread application of polycarbonate materials, majorly in device enclosures and screen panels, the electronics segment held the largest share of the market.

Fastest Growing Market by End-user Industry

7.95 %

Projected CAGR, Electrical and Electronics, 2024-2029

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Due to its physical properties, heat resistance, and versatility, polycarbonate is suitable for electronic components, which is expected to witness the fastest growth during the forecast period.

Largest Market by Region

62.32 %

value share, Asia-Pacific, 2023

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Asia-Pacific has the largest manufacturing hubs globally, with countries like China, India, and Japan hosting major industries like automotive, construction, and electronics. Thus, Asia-Pacific held the largest share of the global PC resin market.

Fastest Growing Market by Region

8.16 %

Projected CAGR, Africa, 2024-2029

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Owing to its construction industry's significant long-term development strategies, Africa is projected to register the fastest growth in the polycarbonate market over the forecast period.

Leading Market Player

26.26 %

market share, Covestro AG, 2022

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Covestro is the largest polycarbonate producer, with a capacity of 1,680 kilotons. It is also carrying out major capacity expansions in the Asia-Pacific region, positioning the company as a market leader.

Rising consumer electronics market to majorly boost polycarbonate demand

  • Polycarbonates have numerous applications in almost every industry because of their transparency, excellent toughness, thermal stability, and dimensional stability. The global polycarbonate market held 16.87% of the revenue of overall engineering plastics in 2022.
  • Electrical and electronics is the largest and fastest-growing end-user industry in the market owing to the wide use of PC resin in a variety of applications globally. The rising trend of high-strength and lightweight material in consumer electronics is expected to drive the demand for polycarbonate resin. Global consumer electronics revenue is projected to reach USD 1152.88 billion by 2028, registering a CAGR of 2.32%. The electrical and electronics industry is the fastest-growing end-user industry in the market globally, and it is expected to register a CAGR of 8.09% during the forecast period (2023-2029).
  • Building and construction is the second-largest consumer of polycarbonate resin globally, with a projected CAGR of 6.78% during the forecast period (2023-2029). The revenue of the global construction industry is expected to grow steadily over the next few years. By 2030, it is projected to be more than twice as big as it was in 2020. The size of the construction market amounted to USD 6.4 trillion in 2020, and it is expected to reach USD 14.4 trillion by 2030. As a result, the increase in construction output is projected to drive the demand for polycarbonate resin in the future.
  • After electrical and electronics, aerospace is the second-fastest end-user industry in the market. It is projected to witness a CAGR of 7.3% in revenue during the forecast period. This growth can be attributed to the increasing use of polycarbonate resin in aerospace windshields and windows as a composite material to reduce weight and increase strength.
Global Polycarbonate (PC) Market

Growing manufacturing of electronics in the Middle East is making it a larger market

  • Polycarbonate is used globally for various industries, including automotive, aerospace, electrical and electronics, and many others. Regions such as Asia-Pacific, Europe, and North America are the leading consumer regions of polycarbonate resin in the global market. The demand for the global polycarbonate market has increased by 7.88% in 2022 compared to the previous year.
  • Asia-Pacific is the largest consumer of this resin owing to the growing aerospace, automotive, electrical, and electronics sectors in the region. The electrical and electronics industry and vehicle production majorly led the polycarbonate market with a share of around 45.95% and 11.8% by volume, respectively, in 2022 in the region. The rising automotive, electrical, and electronics production is expected to drive the demand for polycarbonate resin.
  • Europe's demand for polycarbonate resin is increasing significantly due to rising vehicle production, electrical and electronics, and others. European Union is the second-largest vehicle producer. In 2022, the region produced 17 million units, which is 12.27% by volume of the entire region. The region's electrical and electronics market is also expanding, and it is expected to reach a value of USD 186.5 billion in 2023. These factors are expected to drive the demand for polycarbonate resin in Europe during the forecast period.
  • Africa is the fastest-growing region for polycarbonate resin, which is anticipated to register a CAGR of 7.68% by revenue during the forecast period (2023-2029). The rise in electrical and electronics production along with increasing demand for hybrid vehicles in the region, is driving the demand for the resin.

Global Polycarbonate (PC) Market Trends

Technological advancements in electronics industry may foster the growth

  • The rapid pace of technological innovation in electronic products is driving the consistent demand for new and fast electrical and electronic products. In 2022, the global revenue of electrical and electronics stood at USD 5,807 billion, with Asia-Pacific holding a 74% market share, followed by Europe with a 13% share. The global electrical and electronics market is expected to record a CAGR of 6.61% during the forecast period.
  • In 2018, the Asia-Pacific region witnessed strong economic growth owing to rapid industrialization in China, South Korea, Japan, India, and ASEAN countries. In 2020, due to the pandemic, there was a slowdown in global electrical and electronics production due to the shortage of chips and inefficiencies in the supply chain, which led to a stagnant growth rate of 0.1% in revenue compared to the previous year. This growth was driven by the demand for consumer electronics for remote working and home entertainment as people were forced to remain indoors during the pandemic.
  • The demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to grow during the forecast period. Global electrical and electronics production is expected to register a growth rate of 5.9% in 2027.​ As a result of technological advancements, the demand for consumer electronics is expected to rise during the forecast period. For instance, the global consumer electronics industry is projected to witness a revenue reach of around USD 904.6 billion in 2027, compared to USD 719.1 billion in 2023. As a result, technological development is projected to lead the demand for electrical and electronic products during the forecast period.
Global Polycarbonate (PC) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Fast-paced growth of aviation industry and increased aircraft contracts may aid market growth
  • Fast-paced urbanization and investments in Asia-Pacific region may boost the industry
  • South Korea to emerge as significant polycarbonate exporter alongside China
  • Demand for electronics to boost the PC resin in rods and tubes forms
  • Growing demand for electric vehicles may boost automobile industry growth
  • Demand for flexible packaging from the food and beverage industry boosting market growth
  • Crude oil to have a major impact on the price of polycarbonate resin
  • Polycarbonate plastics to pose a challenge because of the poor quality of the recovered material

Polycarbonate (PC) Industry Overview

The Polycarbonate (PC) Market is fairly consolidated, with the top five companies occupying 67.53%. The major players in this market are Covestro AG, Lotte Chemical, Mitsubishi Chemical Corporation, SABIC and Teijin Limited (sorted alphabetically).

Polycarbonate (PC) Market Leaders

  1. Covestro AG

  2. Lotte Chemical

  3. Mitsubishi Chemical Corporation

  4. SABIC

  5. Teijin Limited

Polycarbonate (PC) Market Concentration

Other important companies include Formosa Plastics Group, Hainan Huasheng New Material Technology Co., Ltd., Luxi Group, Sinopec SABIC Tianjin Petrochemical Company (SSTPC), Trinseo.

*Disclaimer: Major Players sorted in alphabetical order.

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Polycarbonate (PC) Market News

  • February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications such as drug delivery devices, wellness and wearable devices, and single-use containers for biopharmaceutical manufacturing.
  • August 2022: Covestro AG announced plans to build its first dedicated line for the mechanical recycling (MCR) of polycarbonates in Shanghai, China, to create more sustainable solutions, primarily for electrical and electronic, automotive, and consumer goods applications.
  • August 2022: Mitsui Chemicals and Teijin Limited formed a joint venture to produce and supply biomass polycarbonate resins across Japan.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Global Polycarbonate (PC) Market
Global Polycarbonate (PC) Market
Global Polycarbonate (PC) Market
Global Polycarbonate (PC) Market

Polycarbonate (PC) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

      1. 2.2.1. Polycarbonate (PC) Trade

    3. 2.3. Price Trends

    4. 2.4. Form Trends

    5. 2.5. Recycling Overview

      1. 2.5.1. Polycarbonate (PC) Recycling Trends

    6. 2.6. Regulatory Framework

      1. 2.6.1. Argentina

      2. 2.6.2. Australia

      3. 2.6.3. Brazil

      4. 2.6.4. Canada

      5. 2.6.5. China

      6. 2.6.6. EU

      7. 2.6.7. India

      8. 2.6.8. Japan

      9. 2.6.9. Malaysia

      10. 2.6.10. Mexico

      11. 2.6.11. Nigeria

      12. 2.6.12. Russia

      13. 2.6.13. Saudi Arabia

      14. 2.6.14. South Africa

      15. 2.6.15. South Korea

      16. 2.6.16. United Arab Emirates

      17. 2.6.17. United Kingdom

      18. 2.6.18. United States

    7. 2.7. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Electrical and Electronics

      5. 3.1.5. Industrial and Machinery

      6. 3.1.6. Packaging

      7. 3.1.7. Other End-user Industries

    2. 3.2. Region

      1. 3.2.1. Africa

        1. 3.2.1.1. By Country

          1. 3.2.1.1.1. Nigeria

          2. 3.2.1.1.2. South Africa

          3. 3.2.1.1.3. Rest of Africa

      2. 3.2.2. Asia-Pacific

        1. 3.2.2.1. By Country

          1. 3.2.2.1.1. Australia

          2. 3.2.2.1.2. China

          3. 3.2.2.1.3. India

          4. 3.2.2.1.4. Japan

          5. 3.2.2.1.5. Malaysia

          6. 3.2.2.1.6. South Korea

          7. 3.2.2.1.7. Rest of Asia-Pacific

      3. 3.2.3. Europe

        1. 3.2.3.1. By Country

          1. 3.2.3.1.1. France

          2. 3.2.3.1.2. Germany

          3. 3.2.3.1.3. Italy

          4. 3.2.3.1.4. Russia

          5. 3.2.3.1.5. United Kingdom

          6. 3.2.3.1.6. Rest of Europe

      4. 3.2.4. Middle East

        1. 3.2.4.1. By Country

          1. 3.2.4.1.1. Saudi Arabia

          2. 3.2.4.1.2. United Arab Emirates

          3. 3.2.4.1.3. Rest of Middle East

      5. 3.2.5. North America

        1. 3.2.5.1. By Country

          1. 3.2.5.1.1. Canada

          2. 3.2.5.1.2. Mexico

          3. 3.2.5.1.3. United States

      6. 3.2.6. South America

        1. 3.2.6.1. By Country

          1. 3.2.6.1.1. Argentina

          2. 3.2.6.1.2. Brazil

          3. 3.2.6.1.3. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Covestro AG

      2. 4.4.2. Formosa Plastics Group

      3. 4.4.3. Hainan Huasheng New Material Technology Co., Ltd.

      4. 4.4.4. Lotte Chemical

      5. 4.4.5. Luxi Group

      6. 4.4.6. Mitsubishi Chemical Corporation

      7. 4.4.7. SABIC

      8. 4.4.8. Sinopec SABIC Tianjin Petrochemical Company (SSTPC)

      9. 4.4.9. Teijin Limited

      10. 4.4.10. Trinseo

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, GLOBAL, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, GLOBAL, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, GLOBAL, 2017 - 2021
  1. Figure 8:  
  2. GLOBAL POLYCARBONATE (PC) MARKET, PRICE TRENDS, BY COUNTRY, USD PER KG, 2017-2021
  1. Figure 9:  
  2. REVENUE OF POLYCARBONATE (PC) BY FORM TYPE, USD, GLOBAL, 2017, 2023, AND 2029
  1. Figure 10:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, GLOBAL, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, GLOBAL, 2017 - 2029
  1. Figure 12:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 14:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 16:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 18:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN AEROSPACE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 19:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 21:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN AUTOMOTIVE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 22:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 24:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 25:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 33:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN PACKAGING INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 34:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 35:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 36:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 37:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY REGION, TONS, GLOBAL, 2017 - 2029
  1. Figure 38:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 39:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 40:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 41:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
  1. Figure 43:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 44:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 45:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, NIGERIA, 2017 - 2029
  1. Figure 46:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, NIGERIA, 2017 - 2029
  1. Figure 47:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
  1. Figure 48:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
  1. Figure 49:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 50:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
  1. Figure 51:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
  1. Figure 54:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 55:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 56:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 57:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 58:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
  1. Figure 59:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, AUSTRALIA, 2017 - 2029
  1. Figure 60:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
  1. Figure 61:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, CHINA, 2017 - 2029
  1. Figure 62:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, CHINA, 2017 - 2029
  1. Figure 63:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
  1. Figure 64:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 65:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 66:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 67:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, JAPAN, 2017 - 2029
  1. Figure 68:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, JAPAN, 2017 - 2029
  1. Figure 69:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
  1. Figure 70:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, MALAYSIA, 2017 - 2029
  1. Figure 71:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, MALAYSIA, 2017 - 2029
  1. Figure 72:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
  1. Figure 73:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
  1. Figure 76:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 77:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 78:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
  1. Figure 79:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 80:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
  1. Figure 81:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 82:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 83:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, FRANCE, 2017 - 2029
  1. Figure 84:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, FRANCE, 2017 - 2029
  1. Figure 85:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
  1. Figure 86:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, GERMANY, 2017 - 2029
  1. Figure 87:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, GERMANY, 2017 - 2029
  1. Figure 88:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
  1. Figure 89:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, ITALY, 2017 - 2029
  1. Figure 90:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, ITALY, 2017 - 2029
  1. Figure 91:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
  1. Figure 92:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, RUSSIA, 2017 - 2029
  1. Figure 93:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, RUSSIA, 2017 - 2029
  1. Figure 94:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
  1. Figure 95:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 97:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
  1. Figure 98:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
  1. Figure 99:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
  1. Figure 100:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
  1. Figure 101:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 102:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 103:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 104:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 105:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 106:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 107:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 108:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 109:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 110:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 111:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 112:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 113:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 114:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 115:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 116:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 117:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 118:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, CANADA, 2017 - 2029
  1. Figure 119:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, CANADA, 2017 - 2029
  1. Figure 120:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
  1. Figure 121:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, MEXICO, 2017 - 2029
  1. Figure 122:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, MEXICO, 2017 - 2029
  1. Figure 123:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
  1. Figure 124:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, UNITED STATES, 2017 - 2029
  1. Figure 125:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, UNITED STATES, 2017 - 2029
  1. Figure 126:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
  1. Figure 127:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 128:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 129:  
  2. VOLUME SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 130:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 131:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, ARGENTINA, 2017 - 2029
  1. Figure 132:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, ARGENTINA, 2017 - 2029
  1. Figure 133:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
  1. Figure 134:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, BRAZIL, 2017 - 2029
  1. Figure 135:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, BRAZIL, 2017 - 2029
  1. Figure 136:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
  1. Figure 137:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 138:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 139:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
  1. Figure 140:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
  1. Figure 141:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
  1. Figure 142:  
  2. PRODUCTION CAPACITY SHARE OF POLYCARBONATE (PC) BY MAJOR PLAYERS, %, GLOBAL, 2022

Polycarbonate (PC) Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Polycarbonates have numerous applications in almost every industry because of their transparency, excellent toughness, thermal stability, and dimensional stability. The global polycarbonate market held 16.87% of the revenue of overall engineering plastics in 2022.
  • Electrical and electronics is the largest and fastest-growing end-user industry in the market owing to the wide use of PC resin in a variety of applications globally. The rising trend of high-strength and lightweight material in consumer electronics is expected to drive the demand for polycarbonate resin. Global consumer electronics revenue is projected to reach USD 1152.88 billion by 2028, registering a CAGR of 2.32%. The electrical and electronics industry is the fastest-growing end-user industry in the market globally, and it is expected to register a CAGR of 8.09% during the forecast period (2023-2029).
  • Building and construction is the second-largest consumer of polycarbonate resin globally, with a projected CAGR of 6.78% during the forecast period (2023-2029). The revenue of the global construction industry is expected to grow steadily over the next few years. By 2030, it is projected to be more than twice as big as it was in 2020. The size of the construction market amounted to USD 6.4 trillion in 2020, and it is expected to reach USD 14.4 trillion by 2030. As a result, the increase in construction output is projected to drive the demand for polycarbonate resin in the future.
  • After electrical and electronics, aerospace is the second-fastest end-user industry in the market. It is projected to witness a CAGR of 7.3% in revenue during the forecast period. This growth can be attributed to the increasing use of polycarbonate resin in aerospace windshields and windows as a composite material to reduce weight and increase strength.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polycarbonate market.
  • Resin - Under the scope of the study, virgin polycarbonate resin in its primary forms such as powder, granule, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Polycarbonate (PC) Market Research FAQs

The Global Polycarbonate (PC) Market size is expected to reach USD 20.62 billion in 2024 and grow at a CAGR of 6.94% to reach USD 28.84 billion by 2029.

In 2024, the Global Polycarbonate (PC) Market size is expected to reach USD 20.62 billion.

Covestro AG, Lotte Chemical, Mitsubishi Chemical Corporation, SABIC and Teijin Limited are the major companies operating in the Global Polycarbonate (PC) Market.

In the Global Polycarbonate (PC) Market, the Electrical and Electronics segment accounts for the largest share by end user industry.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Polycarbonate (PC) Market.

In 2023, the Global Polycarbonate (PC) Market size was estimated at 20.62 billion. The report covers the Global Polycarbonate (PC) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Polycarbonate (PC) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polycarbonate Industry Report

Statistics for the 2023 Polycarbonate (PC) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polycarbonate (PC) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Polycarbonate Market Report Snapshots

Polycarbonate (PC) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029