Polycarbonate Market - Forecasts from 2025 to 2030

The polycarbonate market is valued at US$29.140 billion in 2025 and is projected to grow at a CAGR of 5.94% over the forecast period.

Polycarbonate finds applications across various industries, including automotive, consumer goods, construction, packaging, and medical devices. The finished goods made from polycarbonate, such as plates, sheets, film, foil, and strips, have been expanding significantly year on year.

According to the World Integrated Trade Solution (WITS), the demand for polycarbonates-made plates, sheets, film, foil, and strips imported across the world increased from 319,502,389.09 kg in 2021 to 363,099,713.05 in 2023.

In recent years, the industry has seen enormous demand from different manufacturers to encourage weight reduction and maintain strength in the materials. These factors make it suitable for various end-use applications, including electrical, automotive, packaging, and medical equipment, boosting the polycarbonate market growth.

• The expanding automobile industry significantly drives the polycarbonate market growth. The automobile market has increased by 10% in 2023 compared to 2022, and 67,133,570 cars and 26,413,029 commercial vehicles were manufactured worldwide, according to the International Organization of Motor Vehicle Manufacturers.

Polycarbonate market drivers

• Growing usage in building & construction applications

The construction and building industry worldwide is showing significant growth. One of the major reasons for this industry's expansion is the growing global urbanization. The global urban population has increased from 56% in 2021 to 57% in 2022, according to the World Bank. The rate of urbanization in the developing part of the world is rising significantly. This changing landscape worldwide is booming with the demand for polycarbonate construction materials for rapid development.

Polycarbonate market geographical outlook

By geography, the polycarbonate market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The Asia Pacific region is expected to see notable growth in the polycarbonate market due to increasing applications in consumer electronics and the automotive industry here. The Indian plastic industry is one of the leading sectors in the country's economy. It constitutes 30,000 processing units, and among these, 85-90% belong to small and medium enterprises. The Government of India intended to take the plastic industry from US$37.8 billion of economic activity to US$126 billion in 4-5 years.

North America is expected to have a significant market share for polycarbonate products due to its major utilization in the automotive and aerospace industries. The U.S. aerospace industry is the largest in the world. US manufactures different aeronautics parts, drones, aviation technologies, etc., and exports to the world.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Polycarbonate Market is segmented and analyzed as below:

By Application

• Automotive
• Electrical & electronics
• Construction
• Packaging
• Consumer goods
• Medical devices
• Others

By Grade

• General Purpose Grade
• Flame Retardant Grade
• PC Alloyed Grade
• Medical Grade
• Food Grade
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific