PUBLISHER: Grand View Research | PRODUCT CODE: 1611623
PUBLISHER: Grand View Research | PRODUCT CODE: 1611623
The global bio-based polycarbonate market size is estimated to reach USD 128.84 million by 2030, expanding at a CAGR of 9.40% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing concerns about the toxicity of petrochemicals and the depletion of crude oil reserves have been driving the development of bio-based polycarbonate (PC).
Bio-based polycarbonate is produced with copolymerization of isosorbide and limonene oxide. The product finds applications across various industries, including electrical & electronics, transportation, construction, and medical devices. In recent years, the industry has witnessed high demand from car manufacturers due to the shift in consumer preferences towards lightweight vehicles.
The growth in the automotive & transportation industry mainly in Asia Pacific countries such as Japan, India, and China is expected to propel demand for bio-based polycarbonate in the industry. Moreover, the growing adoption of bio-based plastic polymers by goods manufacturers across the globe is expected to fuel the market growth.
However, the global bio-based polycarbonate industry is currently in its early stages, with merely a few market participants. High entry barriers due to high manufacturing costs and a complex manufacturing process may prevent new competitors from entering the existing competition.
Bio-based polycarbonate are expected to be ideal alternatives to traditional plastic polymers owing to their sustainability, nontoxic, and environmentally friendly properties. Shifting consumer preferences, government rules, and company standards are estimated to boost bio-based polycarbonate over the forecast period. Furthermore, bio-based polycarbonate is commonly utilized in the optics media industry for sunglasses, safety glasses, sports goggles, and LCD & LED lighting applications, which offers transparency and scratch resistance to the product.