The global polycarbonate market reached a volume of about 5.08 million metric tons in . The market is projected to grow at a CAGR of 3.30% in the forecast period of - to reach around 6.82 million tons by . As per the analysis by Expert Market Research, the market is expected to be driven by rising downstream demand for polycarbonate from the automotive sector.
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Polycarbonate resin finds applications across a wide range of sectors, including automotive, consumer goods, construction, packaging, and medical devices. The global automotive manufacturing sector is one of the biggest industries worldwide. In , 85.4 million vehicles were produced globally, an increase of 5.7% compared to .
The market is also being fuelled by the growing demand for polycarbonate sheets in medical equipment manufacturing. Medical housing and equipment made of polycarbonate plastic can be adequately sterilised to safeguard patient health as they can resist gamma radiation. Additionally, it provides greater agility of movement in surgical procedures.
More than three-fourths of polycarbonate's applications are in the construction sector, where it is most commonly used for partition walls, windows, and roofing. In , the construction sector accounted for USD 9.7 trillion globally. The growth of the construction sector further expands the application of polycarbonate.
Top 6 Polycarbonate Companies in the World:
Covestro AG
Headquarters: Leverkusen, Germany Establishment: Website: https://www.covestro.com/enCovestro AG has established its position as a prominent provider of performance materials. The company has two major segments, including performance materials and solutions and specialties with 48 production sites globally. The performance materials segment comprises Covestro&#;s standard polycarbonates, standard urethane components, and the necessary base chemicals.
SABIC
Headquarters: Riyadh, Saudi Arabia Establishment: Website: https://www.sabic.com/enSABIC is ranked among the world&#;s largest petrochemical manufacturers, with operations in around 50 countries and a global workforce of over 31,000 professionals. Saudi Aramco owns 70% of the company's shares, with the remaining 30% being offered for sale on the Saudi stock exchange. Under its portfolio for polycarbonate, the company offers polycarbonate resins, films, and sheets.
Teijin Limited
Headquarters: Tokyo, Japan Establishment: Website: https://www.teijin.com/Teijin Limited is a Japanese multinational conglomerate with a focus on advanced materials, healthcare, pharmaceutical and information technology. The company pays attention to sustainability initiatives and plans to achieve carbon neutrality by . The company&#;s product portfolio includes polycarbonate sheet and film, polycarbonate film for optical use and polycarbonate resins including Panlite® & Multilon®, Special Polycarbonate (PC) Resin Panlite®, Polyphenylene Sulfide (PPS) Compound Resin ECOTRAN®, and others.
Mitsubishi Chemical Corporation
Headquarters: Tokyo, Japan Establishment: Website: https://www.mcgc.com/english/Mitsubishi Chemical Corporation is a leading manufacturer of chemical products, including performance materials, industrial chemicals, and healthcare solutions. The company is engaged in the production of the bio-based polycarbonate resin DURABIO&#;, which is derived primarily from plant-based isosorbide. Additionally, the company provides polycarbonate sheets, films, and resins.
Formosa Chemicals & Fibre Corporation
Headquarters: Taipei, Taiwan Establishment: Website: https://en.fcfc-plastics.com/Formosa Chemicals & Fibre has emerged as a leading manufacturer of petrochemical-based products, including nylon fibre and rayon staple fibre. The company offers polycarbonate resins that find applications in eyewear, automotive components, and protective gear due to their high heat resistance.
Trinseo S.A.
Headquarters: Pennsylvania, United States Establishment: Website: https://www.trinseo.com/Trinseo is a leading manufacturer of diverse material solutions that find applications in sectors such as building and construction, consumer goods, medicine, and mobility. The company has 22 manufacturing sites globally, with businesses in four key segments, including latex binders, engineered materials, plastic solutions, and polystyrene. The company&#;s product range includes CALIBRE&#; polycarbonate resins that offer heat resistance and impact resistance and find applications in markets, including lighting, medical, consumer electronics, and automotive.
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Polycarbonate is a commercial material that is naturally transparent in nature. It is an amorphous thermoplastic compound that exhibits excellent chemical resistivity, heat resistance, impact resistance, and great durability. The material is widely used in packaging, filming, sheeting, and manufacturing other plastic products. Additionally, it is utilized and incorporated in various industrial units, including the medical field, electrical and electronic, etc. The material is also used in the food and beverages sector on a large scale.
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Let&#;s read though the acknowledging the top 5 manufacturers of polycarbonate in the world:
Top 10 Polycarbonate Manufacturers in the world are:
It is a multinational company, standing as one of the leading suppliers and manufacturers of polycarbonate materials across the world. The company&#;s headquarter is placed in Leverkusen, Germany. It was established in the year . It is a key producer that produces precursors for polyurethane foams and is primarily involved with the plastic manufacturing industry.
It is a multination petrochemical company that is widely associated with the plastic manufacturing sector. It is a key producer of polycarbonate plastics with high quality, durability, and resistance to heat, chemicals, and harsh environments. The company is known for its production quality of PVC, SAN, and ABS plastic material along with polycarbonate plastic on a large scale.
The company was established in the year , with its headquarter located in Saudi Arabia. The company is a major chemical producer that is enlisted as one of the top manufacturers of polycarbonate plastic, along with various other commercial chemicals, on a global scale. It is also associated with the petrochemical industry on a large scale.
A Japanese multinational company that is listed as one of the leading manufacturers and distributors of polycarbonate material. The company is well-known for its manufacturing units, which produce polymers and plastic materials on a large scale. It is also associated with packaging and plastic manufacturing domains across the globe.
Trinseo is an international company placed in the USA, with its headquarters located in Pennsylvania, and is a key producer of polycarbonate plastics. It was established in the year . The company is specialized in manufacturing specialty materials and provides solutions promoting sustainability.
They are one of the leading manufacturers of plastic sheets and are noted as the top producers of polycarbonate plastics worldwide. The company was established in , and its headquarters is located in Sins, Switzerland. It is associated with metal and plastic manufacturing industries on a large scale.
The company is one of the top producers of polycarbonate plastic materials across the globe. It was established in the year . The headquarters is located in Sweden. The company is majorly associated with plastic manufacturing industries. It is also correlated to the automotive, electrical, and packaging industries on a large scale.
It is a key player specializing in plastic manufacturing and distributing activities. The company was founded in the year . Its headquarters is located in London. The company is highly associated with the plastic manufacturing industry and is working to supply several plastic products in the global market.
Chi Mei Corporation is a Taiwan-based performance material company that stands as one of the key players in the manufacturing industry that produces polycarbonate plastics. The headquarter is located in Taiwan, and the company was established in the year . It shows its market presence in several other market domains, including packaging, polymers, synthetic rubber manufacturing, and specialty chemical manufacturing industries.
It is an international company with headquarters located in Israel. The company was established in the year , serving towards chemical and plastic manufacturing industries. It is one of the leading manufacturers of polycarbonate material and provides high-quality sheets, films, and packaging materials that are further utilized by food and beverages, medical, and other crucial commercial domains.
Polycarbonate material is one of the key plastic products which is utilized as the raw material in manufacturing various plastic products. Plastic manufacturers on a global scale are widely associated with producing high-quality, durable, and versatile plastic materials that can be used by other important sectors.
Polycarbonate is a transparent material possessing excellent chemical properties. It exhibits resistivity to degrading factors, hence, is durable in nature. The material is always in high demand due to its key features and hence, is utilized in packaging, filming, sheeting, and various other activities. The material is also incorporated with medical, agricultural, household, polymers, plastics, and electrical industries on a global scale.
Prakhar Panchbhaiya
Senior Content Writer at Procurement Resource
Prakhar Panchbhaiya is an accomplished content writer and market research analyst. With over 4 years of experience in content creation and market analysis encompassing many industries, including pharmaceuticals, nutraceuticals, biochemistry, healthcare, ed-tech, and Food & Agriculture, he has been creating quality content for multiple sectors. He is a Biochemistry major with sturdy backing in a PG diploma in digital marketing, helping in the exhaustive content creation based on extensive research and competitive marketing.
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