Global Polycarbonate Market Report 2022 - Current Scenarios, Business strategy and Risk Analysis.
                     Global Polycarbonate Market Report 2022 - Current Scenarios, Business strategy and Risk 
Analysis.
Market Overview:
Polycarbonate is a high-performance thermoplastic polymer that is tough, transparent, and 
amorphous nature. It exhibits excellent properties such as moisture-resistance, chemical, and 
electrical resistance and also offer thermal stability. It is produced by a step-growth polymerization 
process. Moreover, polycarbonate resins produced can be transformed into components by using 
injection molding and extrusion techniques.
The global Polycarbonate market to surpass US$ 29,600 million by 2027, and expected to 
grow at a CAGR of 6.1% during the forecast period.
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Market Drivers:
Increasing demand for the product from packaging applications is propelling the market growth of 
the polycarbonate. Shifting preferences for the polymers in the packaging of the food and beverages
due to its durability is again expected to foster the market growth of the polycarbonate. Also, 
increasing demand for high strength and quality products for packaging consumer goods and food 
products is further projected to accelerate the market growth of the polycarbonate over the forecast 
timeframe.
Growing disposable income coupled with the increasing population around the globe is expected to 
foster the market growth of the polycarbonate. The rise in the end-user industries across the 
developing region is also contributing to the market growth of the polycarbonate. Also, a high GDP 
growth rate in the developing regions is again expected to propel the market growth. In addition to 
this, growing awareness regarding the benefits of the polycarbonate among manufacturers is further 
creating demand thereby fueling the market growth.
Market Opportunities:
Growing demand for bio-based polycarbonate due to growing environmental concerns is projected 
to offer lucrative opportunities in the near future. For instance, in January 2020, Covestro launched 
its first partially bio-based polycarbonate film. The carbon footprint of the new film material is 
relatively smaller than that of conventional, petroleum-based polycarbonate and more than 50% of 
its carbon content is sourced from starch, derived from widely available plant feedstock.
Increasing investment by key manufacturers in the development of the public infrastructure is 
projected to offer potential market opportunities. Development of the metro-rail projects and 
airports is creating a huge demand for polycarbonate resins from the construction industry. 
Moreover, the expansion of the mass transit systems is also expected to foster the demand for the 
products. Thus, growth in the construction industry is projected to accelerate the market growth of 
the polycarbonate.
Major players operating in the market includes SABIC Innovative Plastics, Teijin Limited, Chi 
Mei Corporation, Idemitsu Kosan Co., Ltd., Mitsubishi Engineering-Plastics Corporation, Styron, 
Centroplast Engineering Plastics GmbH, Bayer MaterialScience, Royal DSM, and Asahi Kasei 
Chemical Corporation.
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