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We expect the global polycarbonate market to exhibit a CAGR of 6.02% during 2022-2027.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous end-use industries for polycarbonate.
The increasing adoption of hollow polycarbonates for manufacturing thermally-insulated consumer electronic devices, such as smartphones, computers, laptops, etc., represents one of the factors driving the global polycarbonate market.
Based on the application, the global polycarbonate market can be segmented into automotive, electrical and electronics, construction, sports and recreational, optical media, appliances and housewares, packaging, medical and ophthalmic, and others. Currently, the electrical and electronics sector holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global polycarbonate market include Chi Mei Corporation, Covestro AG, Formosa Chemicals & Fibre Corporation, Idemitsu Kosan Co. Ltd., LG Chem, Lotte Chemical Corporation, Mitsubishi Engineering Plastics Corp., SABIC, Teijin Limited, Trinseo, etc.
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