폴리카보네이트 세계 시장 규모는 2022년 221억 달러로 예측 기간(2024-2031년) 동안 3.0%의 CAGR로 2023년 227억 달러에서 2031년 288억 달러로 성장할 것으로 예상됩니다.
세계 폴리카보네이트 시장은 건설, 포장, 자동차, 소비재, 의료기기 등 다양한 분야의 수요 증가에 힘입어 크게 성장하고 있습니다. 특히 자동차 제조업체들은 자동차 경량화 및 플라스틱 사용량 증가에 대한 규제 압력으로 인해 전 세계 제조 공정에서 폴리카보네이트의 사용이 급증하고 있습니다. 또한, 건축 및 건설 산업에서 폴리카보네이트는 건설 시간 단축, 비용 효율성, 혁신적인 설계를 위한 다용도성 등의 장점으로 인해 건축가와 건설업체들 사이에서 선호되는 선택지로 부상하고 있습니다. 옥스포드 이코노믹스(Oxford Economics)의 보고서는 세계 건설 생산액이 2020년 10조 7,000억 달러에서 2031년 15조 2,000억 달러로 증가할 것으로 예상하고 있으며, 이는 이 분야에서 폴리카보네이트의 수요 잠재력을 강조하고 있습니다. 또한, 승용차 수요 증가와 운송 부문의 호황으로 급성장하고 있는 자동차 산업은 특히 비스페놀 및 염화카보닐과 블렌딩할 때 우수한 특성으로 인해 폴리카보네이트에 크게 의존하고 있습니다. 국제자동차연맹은 전 세계 승용차 생산량이 2019년 5,583만 4,456대에서 2023년 5,705만 4,295대로 증가할 것으로 전망하고 있습니다. 자동차 생산량이 지속적으로 증가함에 따라 필름, 시트 등 다양한 용도의 폴리카보네이트 수요도 함께 증가할 것으로 예상되며, 폴리카보네이트 세계 시장은 당분간 견조한 성장세를 보일 것으로 전망됩니다.
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.