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

North America Polycarbonate (PC) Market Trends

Strong growth of technological innovations to augment the overall growth of the industry

• Electrical and electronics production in North America witnessed a CAGR of over 1.4% between 2017 and 2019 owing to the advancement of technology, coupled with the increasing demand for consumer electronics products, such as smart TVs, refrigerators, air conditioners, and other products. The rapid pace of electronic technological innovation is driving the demand for newer and faster electronic products. As a result, it has also increased the electrical and electronics production in the region.
• Electronic device sales in North America fell by around 9% in 2020 compared to 2019, owing to the COVID-19 impact, because of the production facility shutdowns, supply chain disruptions, and various other constraints. As a result, revenue from electrical and electronics production in the region decreased by 4.7% in 2020 compared to the previous year.
• In 2021, the sales of consumer electronics in the region reached around USD 113 billion, 4% higher than in 2020. As a result, North America’s electrical and electronics production grew by 13.8% in 2021 in terms of revenue compared to the previous year.
• By 2027, North America is projected to be the third-largest region for electrical and electronics production and account for a share of around 10.5% of the global market.​ The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics into consumer electronic products to achieve efficiency and low cost has provided a significant advantage to the consumer electronics industry. The consumer electronics industry in the region is projected to reach a market volume of around USD 161.8 billion by 2027 from USD 127.6 billion in 2023. As a result, the demand for electrical and electronic products in the region is projected to increase.

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Segment Analysis: End User Industry

Electrical & Electronics Segment in North American Polycarbonate Market

The Electrical & Electronics segment dominates the North American polycarbonate market, holding approximately 22% market share by value in 2024. This significant market position is attributed to the widespread use of polycarbonate resin in various electronic applications, including sensor parts, LCD components, cell phone components, and computer hardware. The material's lightweight properties, high impact strength, and excellent electrical insulation characteristics make it particularly suitable for these applications. The growing consumer electronics market in North America, particularly in the United States, where the industry is expected to reach USD 161.31 billion by 2027, continues to drive demand for polycarbonate resins. Additionally, the rising trend of advanced materials consumption in terms of precision and high quality in the electronics industry further strengthens this segment's market position.

Building & Construction Segment in North American Polycarbonate Market

The Building & Construction segment represents a rapidly expanding market for polycarbonate materials, projected to grow at approximately 7% CAGR from 2024 to 2029. This growth is primarily driven by the increasing adoption of high-performance plastic products in residential and commercial construction projects across North America. The material's durability, impact strength, and weather resistance make it an ideal choice for applications such as roofing sheets, skylights, window glazing, and architectural panels. The construction sector's shift towards sustainable and energy-efficient building materials further accelerates this growth. Additionally, the trend of replacing traditional glass with impact-resistant plastic panels, owing to its superior strength-to-weight ratio and cost advantages, continues to boost segment growth in the region.

Remaining Segments in End User Industry

The other significant segments in the North American polycarbonate market include Automotive, Industrial & Machinery, Packaging, and Aerospace industries. The Automotive sector utilizes engineering plastics extensively in vehicle components such as headlamps, interior parts, and body panels, driven by the increasing focus on vehicle lightweighting. The Industrial & Machinery segment employs industrial plastic in machine guards and safety equipment, while the Packaging sector utilizes it for specialized packaging solutions requiring high impact resistance. The Aerospace segment, though smaller in market share, represents a critical application area where polycarbonate's unique combination of properties makes it essential for aircraft components and interior applications. These segments collectively contribute to the market's diverse application portfolio and overall growth trajectory.

North America Polycarbonate (PC) Market Geography Segment Analysis

Polycarbonate (PC) Market in the United States

The United States dominates the North American polycarbonate market, commanding approximately 70% of the regional market value in 2024. The country's market leadership is primarily driven by its well-established automotive and building and construction industries. The building and construction polycarbonate sector holds the largest share among end-user industries, reflecting the rapid adoption of polycarbonate-based products in residential construction. The country's robust electrical and electronics industry further strengthens its market position, with applications ranging from sensor parts to LCD components and computer hardware. The presence of major polycarbonate manufacturers like SABIC and Covestro AG, with their production facilities in the country, ensures a steady supply and market stability. The market is particularly strong in high-performance applications where polycarbonate's properties of high impact strength, lightweight nature, and optical transmission are crucial. The country's focus on sustainable development and technological advancement continues to drive innovation in polycarbonate applications across various sectors.

Polycarbonate (PC) Market in Mexico

Mexico emerges as the most dynamic market in the North American polycarbonate industry, projected to grow at approximately 8% CAGR from 2024 to 2029. The country's market expansion is primarily driven by its rapidly evolving automotive sector and growing electronics manufacturing base. Despite having no domestic production of polycarbonate resin, Mexico has developed a robust import network to meet its increasing demand. The country's strategic position in global manufacturing supply chains and its strong economic ties with the United States have contributed to its market growth. The automotive industry stands out as the fastest-growing end-user segment, benefiting from significant foreign investments and expanding production capabilities. The medical devices sector also plays a crucial role in driving demand, particularly for high-grade polycarbonate applications in surgical instruments and medical equipment. The country's favorable manufacturing climate and growing industrial base continue to attract investments, further strengthening its position in the regional polycarbonate market.

Polycarbonate (PC) Market in Canada

Canada's polycarbonate market demonstrates steady growth, supported by its diverse industrial base and increasing construction activities. The building and construction industry serves as the primary demand driver, with polycarbonate being extensively used in rooftops, windows, panels, and canopies. The country's electrical and electronics sector shows particular promise, emerging as the fastest-growing end-user segment within the domestic market. The consumer electronics industry's expansion has created new opportunities for polycarbonate applications, especially in high-performance electronic components and devices. Canadian manufacturers increasingly favor polycarbonate for its superior electrical properties, particularly its high dielectric strength and conductivity. The country's focus on sustainable building practices and energy-efficient construction has also boosted the demand for polycarbonate in architectural applications. The market benefits from well-established distribution networks and strong trade relationships with major polycarbonate producers, enhancing the Canada polycarbonate market.

Polycarbonate (PC) Market in Other Countries

The North American polycarbonate market is primarily concentrated in the United States, Mexico, and Canada, with these three countries accounting for the entirety of the regional market. The market dynamics in these countries are closely interconnected due to their geographic proximity and trade relationships, particularly through the USMCA (United States-Mexico-Canada Agreement). The regional market benefits from shared technological advancements, similar regulatory frameworks, and integrated supply chains. Each country contributes uniquely to the regional market landscape, with varying levels of manufacturing capabilities, end-user industry concentrations, and growth patterns. The strong economic ties between these nations facilitate efficient distribution networks and create opportunities for market expansion across borders. The regional market's future growth potential is closely tied to continued industrial development, technological innovation, and evolving end-user requirements across these three countries.

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.