Polycarbonate Sheets Market Size

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.