Polycarbonate Resins Industry Size, Share, Demand & Growth by 2032
The global polycarbonate resins industry size was worth US$ 5.3 Billion in the year 2022 and
is expected to reach US$ 8.8 Billion by the year 2032 at a CAGR of 5.2% between 2022 and
2032. The last few years have witnessed a considerable demand for materials that are
versatile. In other words, industries all across are adopting multi-faceted options in this
regard. This factor is likely to put the polycarbonate resins market at the top pedestal in the
near future.
The leading end-use applications of polycarbonate resins include construction glazing,
electronic equipment, automotive parts, greenhouses, medical devices, exterior lighting
fixtures, and sports safety equipment.
Though general-purpose grade polycarbonate resins have been widely accepted all over, the
future belongs to the optical grade value of polycarbonate resins, with growing demand for a
combination of aesthetics and functionality.
Automakers have taken plastics lightly in the last few years. However, the trend is changing
now. They are emphasizing on development of lightweight vehicle components for
addressing the regulatory requisites.
It’s a known fact that polymers help in the reduction of the overall weight of vehicles as they
go on to replace bulkier materials like metal and glass, thereby saving on energy. The
automakers are actually experimenting with various key components for fitting the shifting
expectations of consumers with compliance to the regulations that exist.
Besides, the fact that the automotive vertical is on the verge of automation can’t be ignored.
As such, the automakers are into significant investment in electric vehicles. This paradigm
shift to electromobility is expected to catalyze the production of specialized plastics.
Numerous automakers are partnering with manufacturers of plastics to develop cost-effective,
highly functional, and customer-centric auto components for obtaining large-term scales.
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The ongoing trend is that of pillar-less front windows; which is looked upon as a key
influencer for the polycarbonate resins market. Initially, these resins weren’t preferred for
automotives’ front windows (especially in Japan). However, permission has been sought now
with safety standards in place. Along these lines, Teijin has come up with the very first
polycarbonate resin pillar-less front window for Tommykaira ZZ (an EV produced by GLM
Co., Ltd.).
At the same time, the fact that bio-based plastics are being asked for in the wake of
environmental-friendliness can’t be ignored. Besides, prices of petrochemicals and crude oil
have been skyrocketing of late. This factor is expected to restrain the polycarbonate resins
market in the near future.
“Polycarbonate resins do outshine transparent polymers like PMMA
(polymethylmethacrylate) in terms of impact resistance. This factor is expected to drive the
polycarbonate resins market in the near future”, says an analyst from Future Market
Insights.
Key Takeaways from the Polycarbonate Resins Market

North America holds a sizable market share due to higher demand for medical-grade
polycarbonate followed by automobile glazing. With building & construction verticals
on the boom, the polycarbonate resins market is expected to grow unabated in the
near future.

The Asia-Pacific is expected to grow at a rapid pace in the polycarbonate resins
market with regions like India and China considerably needing polycarbonate resins
to support in escalation of urbanization.

Europe is expected to go steady with the polycarbonate resins market in the forecast
period.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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