Polycarbonate Sheets Market size was valued at USD 2.06 billion in 2024 and is expected to exceed USD 4.03 billion by the end of 2037, expanding at over 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of polycarbonate sheets is evaluated at USD 2.15 billion.
The reason behind the growth is impelled by the growing demand for polycarbonates (PC) by end-use industries. As its peculiar features provide design freedom to product designers, engineers, and OEMs of various industries, PC becomes suitable for use in several applications such as appliances, automotive industry, consumer products, electrical & electronics, and other applications. It was found that in 2020, the total global demand for polycarbonates was little more than 4 million metric tons, whereas it reached 4.51 million metric tons in 2022.
The rise in research and development and collaboration between major key players to manufacture more sustainable thermoplastics such as polycarbonate are believed to fuel the market growth. For instance, a joint study proposal selected by Japan’s New Energy and Industrial Technology Development Organization (NEDO), joined by many stakeholders and managed by Tosoh Corporation and Mitsubishi Gas Chemical Company, Inc. collaborated to reduce CO2 emissions during the manufacture of polycarbonate and polyurethane. The aim is to eliminate the usage of conventional raw material phosgene from the process.
Growth Drivers
In 2022, the global market for Automotive Manufacturing was estimated to be worth over USD 2 trillion.
In 2023, worldwide commercial aerospace revenues are predicted to increase by 14% year on year.
Solar PV contributed over 4% of worldwide electricity generation in 2021.
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.3% |
Base Year Market Size (2024) |
USD 2.06 billion |
Forecast Year Market Size (2037) |
USD 4.03 billion |
Regional Scope |
|
Type (Twin wall, Multiwall, Corrugated, Solid)
The multiwall segment is estimated to account for 38% share of the global polycarbonate sheets market in the coming years. Multiwall polycarbonate sheet with hollow and cellular polycarbonate sheets- the most versatile polycarbonate glazing system is made from high-quality bayer polycarbonate resin that has at least two walls and connective ribbing, and offers great impact strength, clarity, and superb transparency. Owing to their unique structure and design, hollow and cellular sheets can be highly light, ensuring lightness and boosting thermal insulation.
End-User (Electrical & Electronics, Aerospace, Defense, Building, Construction, Automotive, Transportation)
The electrical & electronics segment in the polycarbonate sheets market is set to garner a notable share of 46% on the account of increasing disposable income. As a result, more and more people across the globe are spending on consumer electronics such as laptops, printers, copiers, and mobile chargers for smartphones, among others. This may drive the demand for polycarbonate sheets as they are clear, impact-resistant sheets formed of thermoplastic polymers that are used to make a variety of electrical and hardware accessories. Moreover, these sheets are excellent electrical insulators which makes them apt for several electrical components. According to estimates, India's household disposable income is expected to reach over USD 3 trillion by 2028
Our in-depth analysis of the global market includes the following segments:
Type |
|
End-User |
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APAC Market Forecast
Polycarbonate Sheets market in Asia Pacific is predicted to account for the largest share of 31% by 2037 impelled by the rising investment in polycarbonate production projects by major key players. For instance, it was found that a major player Covestro AG invested in the production of more sustainable polycarbonates in the Asia Pacific. The delivery capability of recycled polycarbonates of the company’s first dedicated mechanical recycling production line in Shanghai is anticipated to be more than 60,000 tons per year annually by 2026.
North American Market Statistics
The North America polycarbonate sheets market is estimated to hold the second largest, during the forecast timeframe led by rising urbanization. This has led to an increase in infrastructure development in the region which may increase demand for polycarbonate sheets as they are used for several applications in construction projects. According to estimates, in 2021, the United States' urbanization rate was over 0.24%.
Author Credits: Rajrani Baghel
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