Polycarbonate Resins Market to see Rapid Growth by 2031

Polycarbonate Resins Market is estimated to grow at a CAGR of nearly 5.2% during the forecast period. The major factors encouraging the market growth include superior properties of polycarbonate resins and significant application in the automotive industry. Polycarbonate (PC) holds excellent toughness, very good dimensional stability, transparency, and thermal stability. This makes polycarbonates one of the most significantly used engineering thermoplastics. Electrical components, headlamp lenses, compact discs, baby feeding bottles, riot shields, safety helmets, and vandal-proof glazing, are all typical applications of polycarbonate. As per the British Plastics Federation, polycarbonate remains one of the emerging engineering plastics owing to the increasing new applications.

Polycarbonates can maintain rigidity up to 140°C and toughness down to -20°C or special grades even lower. It is an amorphous polymer, which, in turn, shows high dimensional stability and excellent mechanical properties, and is thermally resistant up to 135°C. Polycarbonate resins are widely used in automotive interior and exterior applications. Such materials have been approved to global OEM standards and offer efficient properties including high transparency, UV stability, ductility, and toughness. High-flow polycarbonate resin grades are optimized for thin-wall design in automotive applications. Polycarbonate resin allows automakers to produce stronger, lighter, and more durable components. Typical polycarbonate blend applications comprise dashboards, automotive lighting, interior cladding, headlamp lenses, and exterior parts such as body panels and bumpers.

The vehicles interior design has a major impact on the purchasing decision of consumers. To meet the expectation of consumers, current automotive interior designs significantly feature improved functionality of component while keeping stylish, luxurious appearance. Polycarbonate resins and blends provides a suitable combination of surface quality and durability at high temperature and high mechanical performance which is required to ensure innovations for the performance of interiors. Polycarbonates enable to produce more appealing interiors whether required for structural components including colourfull, high/low-gloss or leather-like interior surfaces, instrument panels, light guides, or decorative film based back injected parts. Therefore, polycarbonate resins are significantly used in automotive applications as an engineered plastic to increase mechanical strength and enhance the appearance of vehicles.

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Polycarbonate Resins Market Segmentation

By Application

• Electrical and Electronics
• Automotive
• Consumer Goods
• Construction
• Packaging
• Medical
• Optical Media
• Others

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Regional Analysis           

North America 

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles

• CHIMEI Corp.
• Covestro AG
• Elix Polymers SLU
• Formosa Chemicals & Fibre Corp.
• Idemitsu Kosan Co., Ltd.
• LG Chem, Ltd.
• Lotte Chemical Corp.
• Mitsubishi Chemical Corp.
• Roquette Frères S.A.
• SABIC (Saudi Basic Industries Corp.)
• Samsung SDI Co., Ltd.
• Samyang Holdings Corp.
• Teijin Ltd.
• Thai Polycarbonate Co., Ltd.
• Trinseo S.A.

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