Polycarbonate Market | Size | Share | Growth (2018-2023)
Polycarbonate Market - Segmented by Product Type, End-user Industry and Geography - Growth, Trends and Forecast (2019 - 2024)


NOV 2018

Polycarbonate Market - Segmented by Product Type, End-user Industry and Geography - Growth, Trends and Forecast (2019 - 2024)

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The Global Polycarbonate Market is expected to register a CAGR of 5.39% during the forecast period (2018-2023). In 2017, Asia-Pacific accounted for the largest market, by region with approximately 59% of the global market share.The electrical & electronics segment dominates the global polycarbonate market with an approximate 46% global market share in 2017, and it is also estimated to register the fastest CAGR through the forecast period.

Growing Demand in Construction Industry

Polycarbonates are high-performing thermoplastics which are highly suitable in building and construction applications. Polycarbonate material possesses properties, such as lightweight, high optical clarity, durability, excellent thermal stability, high-impact and high-heat resistance, high transparency, cold formability, and also possess excellent flammability resistance, making it one of the most used plastic types in construction applications. Polycarbonate sheets are used as a substitute for glass in a variety of skylight and window applications. They are also used as opaque cladding panels, barrel vaults, canopies, translucent walls, facades and signage, sports stadium roofs, louvers, and roof domes. According to the European Construction Industry Federation (FIEC), the construction sector in Europe is expected to witness an overall turnover growth of 4% in 2018. Additionally, the value added to the construction sector is expected to rise by 13.4% in 2018, reaching EUR 264.860 billion. Furthermore, in 2017, construction activities in all 19 EUROCONSTRUCT associated countries are expected to rise by 3.5% in volume terms. Hence, due to such factors, the market is expected to witness a rapid rise, during the forecast period.

Sheets & Films Segment to Dominate the Market

Polycarbonate sheets and films are high-quality materials, which are increasingly being used for advanced applications. They are currently replacing glass, toughened glass, and polyethylene membrane, as they offer a perfect combination of lightweight, high-impact strength, light transmission, frame-resistance, UV protection, anti-drop properties, as well as better aesthetic appearance. These sheets are finding increasing applications in many fields, such as agriculture, automotive, industry, public buildings, sign and display, and ornaments. Additionally, clear polycarbonate sheets and films are as transparent as glass and weigh only half in comparison to the latter, thereby, making it easy to transport and install them. Polycarbonate sheets and films, especially solid polycarbonate sheets, such as embossed and frosted sheets, have extremely high impact strength. The impact strength of the polycarbonate sheet is about 200 times higher than the common glass and 2 to 20 times higher than tempered glass. They are suitable for applications that have high chances of encountering hail, high wind, and storm rain. Further, frosted and embossed polycarbonate sheets are used for decoration purposes. Currently, the electrical and electronics industry is the largest end-user segment for polycarbonate films in applications, such as lighting applications, printed circuit boards, battery packs, labels and overlays, LED/LCD displays, and others. However, the market for polycarbonate sheets and films is expected to witness maximum growth in the automotive industry. 


Asia-Pacific Dominates the Market

Asia-Pacific has the highest share in the market, accounting for approximately 59% of the global market share in 2017. An increase in the income of the middle-class population has resulted in an increase in the demand for electronic components and automobiles in Asia-Pacific, in turn, making the region an area of immense potential and opportunities for the polycarbonate market.

Key Developments

  • February 2017: Asahi Kasei and Bluestar plan joint venture for mPPE business in China.

Major Players: SABIC, Teijin, Covestro, Trinseo, and Mitsubishi Engineering-Plastics Corporation, among others.

Reasons to Purchase this Report

  • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Analyze the various market perspectives with the help of Porter’s five forces analysis
  • Regions or countries that are expected to witness the fastest growth during the forecast period
  • Product segment that is expected to dominate the market over the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3-month analyst support, along with the Market Estimation sheet (in Excel).

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1. Introduction

 1.1 Scope of the Report

 1.2 Study Assumptions

 1.3 Study Deliverables

 1.4 Research Phases

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Patent Analysis

   3.4 Price Trends

4. Market Dynamics

                4.1 Drivers

     4.1.1 Growing Demand in Construction Industry

     4.1.2 Increasing Popularity of Polycarbonate against Conventional Materials

     4.1.3 Increasing Demand for Polycarbonate from Automotive Industry

     4.1.4 Rapid Growth of Electronics Industry

                4.2 Restraints

                                4.2.1 Volatility in Raw Material Prices

                                4.2.2 Other Restraints

                4.3 Opportunities

                                4.3.1 Emerging Applications in Medical Sector as an alternative to PPSU & PSU Sheets

                                4.3.2 Unique Applications in  Automotive Glazing, and Electrical and Electronics

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 By Product Type

                                5.1.1 Sheets & Films

                                5.1.2 Fibers

                                5.1.3 Blends

                                5.1.4 Tubes & Others

                5.2 By End-user Industry

                                5.2.1 Automotive & Transportation

                                5.2.2 Electrical & Electronics

                                5.2.3 Construction

                                5.2.4 Medical

                                5.2.5 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 ASEAN Countries

                                6.1.6 Rest of the Asia-Pacific

                6.2 North America

                                6.2.1 United States

                                6.2.2 Canada

                                6.2.3 Mexico

                                6.2.4 Rest of North America

                6.3 Europe

                                6.3.1 France

                                6.3.2 Germany

                                6.3.3 Italy

                                6.3.4 United Kingdom

                                6.3.5 Russia

                                6.3.6 Nordic Countries

                                6.3.7 Spain

                                6.3.8 Rest of Europe

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle-East & Africa

                                6.5.1 Saudi Arabia

                                6.5.2 South Africa

                                6.5.3 Rest of the Middle-East & Africa

7. Technological Snapshot

8. Competitive Landscape

                8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                8.2 Market Share Analysis**

                8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                9.1 Chi Mei Corporation

                9.2 Covestro AG

                9.3 Formosa Plastics

                9.4 Idemitsu Kosan

                9.5 LG Chem Ltd.

                9.6 Lotte Chemical Corporation

                9.7 Mitsubishi Chemical Corporation

                9.8 SABIC

                9.9 Samyang

                9.10 Teijin Limited

                9.11 Trinseo

   9.12 Ningbo Zhetie Daphoon Chemical Co. Ltd

                *List not exhaustive

10. Disclaimer

**Subject to availability on public domain

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