폴리카보네이트 시장 규모, 점유율, 성장 분석 : 기술별, 최종사용자별, 지역별 - 산업 예측(2024-2031년)

Global Polycarbonate Market size was valued at USD 22.1 billion in 2022 and is poised to grow from USD 22.7 billion in 2023 to USD 28.8 billion by 2031, growing at a CAGR of 3.0% during the forecast period (2024-2031).

The global polycarbonate market is experiencing significant growth fueled by increasing demand across various sectors such as construction, packaging, automotive, consumer goods, and medical devices. In particular, automotive manufacturers are driving this demand due to regulatory pressures aimed at reducing vehicle weight and enhancing plastic usage, resulting in a surge in polycarbonate utilization during manufacturing processes worldwide. Furthermore, within the building and construction industry, polycarbonate has emerged as a favored choice among architects and builders, thanks to its advantages such as reduced construction time, cost-effectiveness, and versatility for innovative designs. A report from Oxford Economics projected the global construction output to rise from USD 10.7 trillion in 2020 to USD 15.2 trillion by 2031, underscoring the potential for polycarbonate demand in this sector. Additionally, the automotive industry, known for its rapid growth driven by increasing passenger vehicle demand and a booming transportation sector, is relying heavily on polycarbonate due to its excellent properties, especially when blended with bisphenol and carbonyl chloride. The International Organization of Motor Vehicle Manufacturers noted an increase in global passenger car production from 55,834,456 units in 2023 to 57,054,295 units in 2019. As vehicle production continues to climb, the demand for polycarbonate in various applications such as films and sheets is expected to rise correspondingly, indicating robust growth prospects for the global polycarbonate market in the foreseeable future.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Polycarbonate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Polycarbonate Market Segmental Analysis

Asia Pacific dominated the global polycarbonate market in 2021 and accounted for over 45% of market share owing to growing demand for polycarbonate in various industries along with the technological advancement and development in the region. According to the People's Republic of China, in 2021, the electronics industry has grown by 15.7%, with an increase of 8% from the last year. Similarly, according to the India Brand Equity Foundation, the Indian electronics industry is expected to be worth USD 520 billion by 2025, up from USD 33 billion in 2020. India is anticipated to be the world's fifth largest consumer electronics and appliances market by 2025. With the increasing electronics market, the demand for polycarbonate is also likely to increase during the forecast period.

Driver of the Global Polycarbonate Market

The global polycarbonate market is primarily propelled by the increasing need for polycarbonate plastics, particularly in lighting applications. These materials are favored for their exceptional temperature resistance, excellent light transparency, and durability against impacts. This growing demand is anticipated to significantly boost market growth during the forecast period. In India, for instance, the government initiative "Pradhan Mantri Aawas Yojana" has sanctioned approximately 11.2 million housing units, further driving the need for polycarbonate transparent sheets. Consequently, these factors collectively underscore the robust market potential for polycarbonate products globally as various industries seek reliable materials.

Restraints in the Global Polycarbonate Market

The global polycarbonate market is facing significant constraints that may impede its growth in the coming years. One major challenge is the widespread availability of alternatives that closely resemble polycarbonates, which can limit demand. Additionally, the market is affected by stringent regulations and complex approval processes set by regulatory authorities, creating hurdles for manufacturers and new entrants. These factors collectively contribute to an environment that could stifle innovation and expansion within the polycarbonate sector, making it vital for industry players to navigate these challenges effectively to sustain their market presence.

Market Trends of the Global Polycarbonate Market

The global polycarbonate market is witnessing a significant upward trend, primarily driven by the increasing demand for applications in the electrical and electronics industry. Polycarbonate's unique attributes, such as lightweight, stability, and high impact resistance, make it an ideal choice for manufacturing components like sensor parts, connectors, LCD sections, and cell phones. Additionally, its hollow form provides excellent thermal insulation, further enhancing its suitability for wire insulation in various electrical applications. As industries increasingly adopt polycarbonate for its superior performance characteristics, the market is projected to sustain robust growth in the coming years, reflecting its pivotal role in technological advancements.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Patent Analysis
• Value Chain Analysis
• Case Study Analysis
• Customer & Buying Criteria Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Startup Analysis
• Market Attractiveness Index
• Raw Material Analysis
• Supply Chain Analysis

Global Polycarbonate Market Size by Technology & CAGR (2024-2031)

• Market Overview
• Extrusion
• Molding

Global Polycarbonate Market Size by End User & CAGR (2024-2031)

• Market Overview
• Automotive & Transportation
• Electrical & Electronics
• Construction
• Packaging
• Consumer Goods
• Optical Media
• Medical Devices
• Others

Global Polycarbonate Market Size & CAGR (2024-2031)

• North America, (Technology, End User)
  • US
  • Canada
• Europe, (Technology, End User)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Technology, End User)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Technology, End User)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Technology, End User)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Technology Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Covestro
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lotte Chem
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Teijin Industries
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Engineering Plastics Corp
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trinseo; Idemitsu Kosan Co. Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lone Star Chemical
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chi Mei Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Entec Polymers
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RTP Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LG Chem
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation