세계의 폴리카보네이트 수지 시장 예측(-2030년) : 제품 유형, 그레이드 유형, 용도별, 지역별 분석

According to Stratistics MRC, the Global Polycarbonate Resin Market is accounted for $15.89 billion in 2024 and is expected to reach $24.52 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Polycarbonate resin is a versatile thermoplastic polymer known for its exceptional durability, high impact resistance, and optical clarity. It is frequently used in the production of goods that need to be transparent and strong, like optical discs, eyeglass lenses, car parts, and electronic housings. Moreover, polycarbonate resins are perfect for a variety of applications because they are very moldable and simple to process into different sizes and shapes. Their longevity and stability in outdoor settings are also influenced by their exceptional resistance to heat and UV rays.

According to the International Energy Agency (IEA), the demand for polycarbonate resins is increasing in various industries, including construction, due to their lightweight and durable properties.

Market Dynamics:

Driver:

Growing need for sturdy and lightweight materials

Polycarbonate resins are preferred because of their exceptional light weight and durability. The need for lightweight materials without sacrificing durability has been rising in sectors like transportation, aerospace, and automobiles. Because polycarbonate can replace heavier materials like metals and glass, manufacturers are able to reduce the overall weight of their products, which improves performance, fuel economy, and energy efficiency. Additionally, the use of polycarbonate resins in the automotive industry for parts such as windows, mirrors, and interior components helps to reduce vehicle weight, which is crucial given the growing demand for electric vehicles (EVs) and increased fuel efficiency regulations.

Restraint:

High costs of production

The comparatively high cost of production of polycarbonate resin in comparison to other plastics like polyethylene or polypropylene is one of the primary obstacles facing the market. Complex and energy-intensive procedures are used in the production of polycarbonate resins, such as the polymerization of bisphenol A (BPA) with phosgene, which calls for specialized tools and safety precautions because some of the chemicals involved are toxic. Furthermore, petroleum is the source of the raw materials used to make polycarbonate, including BPA, which leaves the substance susceptible to changes in the price of oil.

Opportunity:

Developments in polycarbonate production technology

Opportunities for the use of polycarbonate resins in even more specialized applications are being created by ongoing research and development in the material's manufacturing. The use of resin in high-performance applications is being fueled by innovations meant to improve its qualities, such as increased heat tolerance, scratch resistance, and impact resistance. Moreover, innovations in BPA-free polycarbonate resins are also resolving health and environmental issues, increasing the acceptability of polycarbonate in a variety of consumer goods, including toys for kids, medical equipment, and food and drink containers.

Threat:

Fierce competition from substitute materials

The growing availability of substitute materials that provide comparable or better qualities at a lower cost or with fewer environmental concerns is one of the main threats facing the polycarbonate resin market. Polycarbonate is increasingly being replaced by materials like acrylics, polyamides, and other engineering thermoplastics, particularly in applications where UV stability, optical clarity, and impact resistance are crucial. Additionally, materials like glass and advanced composites are being investigated for their superior performance in particular applications, which could reduce the market share of polycarbonate in sectors like construction, electronics, and the automotive industry.

Covid-19 Impact:

Global supply chains, manufacturing, and demand across a range of industries were all disrupted by the COVID-19 pandemic, which had a major effect on the market for polycarbonate resin. Numerous manufacturing facilities were temporarily closed during the early stages of the pandemic, which caused production delays and a slowdown in the supply of raw materials like bisphenol A (BPA), which is essential for the production of polycarbonate resin. However, the market also saw a spike in demand for polycarbonate in industries where its transparency and durability were crucial, such as healthcare, medical devices, and personal protective equipment (PPE).

The yogurt segment is expected to be the largest during the forecast period

The market for polycarbonate resin is expected to be dominated by the pellets segment. Because of their ease of handling, processing, and versatility, polycarbonate pellets are widely used in a variety of industries. They are the main source of polycarbonate resin for extrusion, injection molding, and other production techniques. The use of polycarbonate pellets in the consumer goods, electronics, automotive, and construction sectors, where high impact resistance, optical clarity, and thermal stability are essential, drives demand for these materials. Moreover, pellets are utilized in the manufacturing of optical lenses, electrical housings, medical equipment, and automobile parts.

The cheese segment is expected to have the highest CAGR during the forecast period

In the market for polycarbonate resin, the automotive sector is anticipated to have the highest CAGR. Because of their lightweight nature, high impact resistance, and optical clarity, all of which improve vehicle performance and safety, polycarbonate resins are finding increasing use in automotive applications. The automotive industry is increasingly using polycarbonate in the manufacturing of parts like headlamp lenses, interior panels, sunroofs, and glazing as it continues to concentrate on lowering vehicle weight in order to increase fuel efficiency and comply with strict environmental regulations.

Region with largest share:

Due to the robust industrial bases in nations like China, Japan, South Korea, and India, the Asia-Pacific region is expected to hold the largest share of the polycarbonate resin market. The region's strength is ascribed to its capacity for large-scale manufacturing, strong demand from important end-use sectors like consumer goods, electronics, construction, and automobiles, as well as an increasing focus on infrastructure development. In terms of demand and production capacity, the market is greatly influenced by China, the largest producer and consumer of polycarbonate worldwide. Furthermore, the market is expanding in emerging markets like India and Southeast Asia due to the growing use of polycarbonate resins brought on by urbanization and industrialization.

Region with highest CAGR:

The market for polycarbonate resin is anticipated to grow at the highest CAGR in the South American region. In important nations like Brazil, Mexico, and Argentina, growing industrialization, urbanization, and infrastructure development are the main drivers of this growth. In a number of industries, including electronics, construction, and automotive, where the material's qualities like impact resistance, optical clarity, and thermal stability are highly prized, there is an increasing need for polycarbonate resins. Additionally, the increased emphasis on lightweight materials and sustainable solutions, particularly in the automotive industry, is accelerating the use of polycarbonate resins.

Key players in the market

Some of the key players in Polycarbonate Resin market include Bayer Material Science AG, Covestro AG, LG Chem, Mitsubishi Chemical Corporation, Idemitsu Kosan Ltd, Formosa Chemicals and Fibre Corporation, Trinseo S.A., Kotec Corporation, SABIC (Saudi Basic Industries Corporation), Chi Mei Corporation, Teijin Limited and Styron.

Key Developments:

In December 2024, LG Chem, Ltd and Gevo, Inc are extending their joint development agreement. The agreement extension enables LG Chem to assess existing assets for deploying Gevo's Ethanol-to-Olefins ("ETO") technology while accelerating commercialization activities, considering project scale and end-product markets.

In October 2024, Covestro AG has signed an investment agreement with the Abu Dhabi National Oil Co. Group, including ADNOC International Ltd. and its subsidiary, ADNOC International Germany Holding AG. When this transaction is finalized, two Middle Eastern companies - SABIC and ADNOC - will control a big chunk of engineering thermoplastic resins.

In September 2024, Bayer and Purdue University announced the creation of the Coalition for Sustainable and Regenerative Agriculture, a public-private partnership designed to help improve the soil health of farmland while also increasing food production for a growing population.

Product Forms Covered:

• Granules
• Pellets
• Powder
• Films & Sheets

Grade Types Covered:

• General Purpose Grade
• Optical Grade
• Flame Retardant Grade
• Healthcare Grade

Applications Covered:

• Electrical & Electronics
• Automotive
• Building & Construction
• Consumer Goods
• Medical & Healthcare
• Packaging
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Polycarbonate Resin Market, By Product Form

• 5.1 Introduction
• 5.2 Granules
• 5.3 Pellets
• 5.4 Powder
• 5.5 Films & Sheets

6 Global Polycarbonate Resin Market, By Grade Type

• 6.1 Introduction
• 6.2 General Purpose Grade
• 6.3 Optical Grade
• 6.4 Flame Retardant Grade
• 6.5 Healthcare Grade

7 Global Polycarbonate Resin Market, By Application

• 7.1 Introduction
• 7.2 Electrical & Electronics
  • 7.2.1 Electronic Components
  • 7.2.2 Optical Media & Storage
• 7.3 Automotive
  • 7.3.1 Automotive Glazing
  • 7.3.2 Interior Components
• 7.4 Building & Construction
• 7.5 Consumer Goods
• 7.6 Medical & Healthcare
• 7.7 Packaging
• 7.8 Other Applications

8 Global Polycarbonate Resin Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Bayer Material Science AG
• 10.2 Covestro AG
• 10.3 LG Chem
• 10.4 Mitsubishi Chemical Corporation
• 10.5 Idemitsu Kosan Ltd
• 10.6 Formosa Chemicals and Fibre Corporation
• 10.7 Trinseo S.A.
• 10.8 Kotec Corporation
• 10.9 SABIC (Saudi Basic Industries Corporation)
• 10.10 Chi Mei Corporation
• 10.11 Teijin Limited
• 10.12 Styron